FORTY YEARS A SPECULATOR [Paperback]

FRED CARACH (Author)

Book Description

Publication Date: March 22, 2007

THIS IS ABOUT MY LIFE AS A STOCK MARKET SPECULATOR. AND MY GRADUAL TRANSFORMATION FROM A CONSERVATIVE BLUE-CHIP INVESTOR INTO A STEELY EYED, RIVERBOAT GAMBLER WITH NERVES OF STEEL. WHO FOUND WHAT HE WAS LOOKING FOR IN THE STRANGE AND WONDROUS WORLD OF MICRO-CAP INVESTING. ALLOW ME TO INTRODUCE YOU INTO MY WORLD. A WORLD WHERE YOU CAN MAKE A FORTUNE ON A CHUMP-CHANGE INVESTMENT.

Product Details

• Paperback: 148 pages
• Publisher: Lulu.com (March 22, 2007)
• Language: English
• ISBN-10: 1430316608
• ISBN-13: 978-1430316602
• Product Dimensions: 6 x 9 x 0.4 inches
• Shipping Weight: 8.5 ounces (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars  See all reviews (50 customer reviews)
• Amazon Best Sellers Rank: #437,128 in Books (See Top 100 in Books)

More About the Author

I am retired military and a recently retired State Certified General Real Estate Appraiser.
I wrote my book because I wanted people to know that there is an affordable alternative to buying blue chip stocks at $40-$60 a share. A price that renders many blue chip stocks unaffordable. Most of us cannot afford to buy these stocks in sufficient amounts to ever make us financially secure.
In my book I put in my email address so that readers could contact me.
The first reader to contract me was Bill from Buffalo.
Bill told me that he was forty years old and had a wife and two kids. He lived in a modest home and had $8,000 in life savings. He told me that he knew what his future was and it terrified him. He was going to be working at a fast food place when he was 69 years old. He didn't have enough time or enough money to buy enough blue chip stocks that would go up 10% in an average year to enable him to retire at 65.
My way provided him with an answer. He could easily afford to buy my low priced,unknown stocks in amounts big enough to make a difference. In addition my smallcap and microcap unknown stocks had better growth prospects than the old,tired blue chip dinosaurs that everyone else is forever touting.
I don't do guarantees. If you want guarantees go to the bank and see if you can get rich on the miserable 3%,to 5% that they offer. If you want opportunities then I am your man. I offer my readers a way to make serious money with a chump-change investment.
I started a blog at fortyyearsaspeculator. blogspot.com to promote my book. I soon discovered that I had a lot more to say about the market,economics and real estate. I have more than fifteen essays on these subjects and more to come. I think you will find them interesting.

Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful:

5.0 out of 5 stars Wonderful, Old timer Investor Masterpiece!, December 4, 2007

By 

Erik "Easy" (Raleigh, NC) - See all my reviews

This review is from: FORTY YEARS A SPECULATOR (Paperback)

What a great, great book! I don't usually leave reviews, but I am something of an investing book guru, because I own dang near all of them. In the past year or so I've read 12 "penny stock" books and (while this isn't entirely all about penny stocks) this the best one hands down. Aside from being an entertaining read, this book is filled with information regarding sectors I never thought about for penny stocks. This book is worth whatever I paid for it just for his one single penny stock strategy. Let alone he gives his whole investment strategy is this 100 or so page book. I enjoyed reading this book and wish the author would write more, because his hatred for the wall street hypocrit/coward nearly matches mine.

13 of 14 people found the following review helpful:

5.0 out of 5 stars This book opened an entire new world to me!, January 30, 2009

By 

Mark Hopkins - See all my reviews
(REAL NAME)   

This review is from: FORTY YEARS A SPECULATOR (Paperback)

This book opened an entire new world to me! Fred does an excellent job of making a case for investing in scarce resources that WILL go up--gold, silver, oil, etc. Then he shows step by step how to find absolute rock bottom bargains on oil, silver, gold, and other stocks. This is not your run of the mill book.

My favorite discussion in the book is on penny mining stocks. These are stocks that give you incredible leverage because they cost anywhere from .05+ a piece. Not only do you get leverage but you also make enormous sums if these stocks go up even a few cents. And the risk is minimum because you can buy a ton of stock when their price is so low.

Not only was the book an excellent read but it also entirely and permanently opened up a new world to me. It changed my paradigm completely! Out of all the books on investing I have read (I read 1 or 2 a month and have been doing so for some time), this is one of the top two I have read!

6 of 6 people found the following review helpful:

5.0 out of 5 stars FORTY YEARS A SPECULATOR, April 13, 2009

By 

ukxgerard (Singapore) - See all my reviews

This review is from: FORTY YEARS A SPECULATOR (Paperback)

Fred Carach speaks from the weight of experience gained from the
school of hard knocks. As a futures and options trader myself with
twenty years in the industry, even from a brief reading it's readily
apparent that the author truly knows his craft -- the business of
small cap investing within the natural resource sector.

His trading style and philosophy are completely unorthodox (a big plus
point in my book). His views on technical analysis, stop-loss orders
and other conventional Wall Street wisdom surely would have him
condemned for heresy, however, I suspect the author would feel such a
charge be considered a badge of honour.

This book is full of common sense and a distillation of wonderful
investment stories. I can highly recommend it.