Without making wild claims to instant fortune, the revised edition of this guide helps serious investors earn higher profit through patience and discipline (PAD). The rules of the PAD strategy show investors how to buy when stocks are cheap, sell when they are dear, and select stocks that will outperform the market principles which will work in both bull and bear markets. Using many examples from the post-Crash era, the author details how to acquire good growth stocks at reasonable prices and how to ensure a large portfolio against a market collapse like the 1987 Crash. The second edition makes recommendations on discount brokers, market orders, margin buying and stopless orders, evaluates the effects of fiscal and monetary policies on the economy and stock market, discusses the Japanese challenge to American high technology firms, and explains in non-technical terms the problems with their random walk theory.
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Book Description
Editorial Reviews
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Seiver gives us this fascinating guide to personal investing using the "PAD" (patience and discipline) system for picking stocks, and he explains the timing issues of when and how much to buy and sell. This third edition updates and revises every chapter and adds two new chapters--using the PAD system and how it applies to mutual funds and to short selling. In addition to the standard "classic" PAD system designed for the high-risk-tolerance investor, specific topics addressed also include investment strategies for conservative and income-oriented investors, the issues surrounding long-term market timing, the impact of economic factors (such as money credit, interest rates, deficits, inflation, and growth) on the stock market, an analysis of long-run trends (including Seiver's scenario for the twenty-first century), the essentials of stock options and index options trading, and helpful information about tax strategy, IRAs, record-keeping, and selecting discount brokers. Joseph Leonard
--This text refers to an out of print or unavailable edition of this title.
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