With a portfolio that consistently outperforms 99 percent of mutual funds, seventeen-year-old Matt Seto is winning on Wall Street. The manager of a fund that beats the Dow Jones Industrial Average by 31 percent, Matt has appeared on the front page of The Wall Street Journal and investors from around the world have sought his advice. Now Matt shares his triumphant strategy - a fresh approach that's easy to understand, even for the novice investor, and enormously lucrative. In The Whiz Kid of Wall Street's Investment Guide, Matt shows you how to see the stock market through his eyes. He coaches you in the basics, such as how to determine your investment style; discover great stocks in your neighborhood; research companies; balance what you know as a consumer with a company's financial performance; interpret a company's debt, cash flow, earnings, and other numbers; profit from the technology revolution; spot misleading trends; find the right mutual fund for you; minimize risk; have profitable chats with your friends; know when to sell and when to hold on, and more.
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Book Description
Editorial Reviews
From Library Journal
Now 17 years old, Seto admits to becoming obsessed with the stock market at the age of nine. What motivated him to learn everything he could about the stock market was the infamous minicrash of 1987 and, he admits, not a little avarice. After synthesizing the wisdom of financial writers like Benjamin Graham, Peter Lynch, Peter Bernstein, and John Train, he applied himself to formulating an approach that identifies undervalued stocks through a fundamental analysis of the financials of target companies. His investment results inspire envy, exceeding 30 percent gains for the past three years, and he emphasizes that he uses information readily available in most libraries. A terrific object lesson and a good choice for public libraries.?Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1996 Reed Business Information, Inc.
Copyright 1996 Reed Business Information, Inc.
From Booklist
Another great American success story--a young boy from a Detroit suburb gets interested in the stock market and begs his father to let him give it a try. After Dad does his best to warn the boy of the peril of jumping in with no help from brokers, young Matt begins investing money and bingo! Suddenly he's outperforming 99 percent of all mutual funds in the country and is the hottest thing on Wall Street. In this book, Matt, now 17, shares how he does it. The big surprise is that he does not have a magical method; instead, it's research, research, research. A lot of time at the library, sucking up information from company profiles, and simply buying stock in companies whose products and services were consistently used by his family and friends are his "secrets" (and hard work and research are much less glamorous but always so much more reassuring to the average American than some supersecret method). Matt does include some of his best stock tips here, but it's how he arrived at those conclusions that makes this book a quick, fun read and a big help to those who like to dabble in the market, no matter what their age. Joe Collins
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Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
4.0 out of 5 stars
Good Book,
By
This review is from: The Whiz Kid of Wall Street's Investment Guide: How I Returned 34% on My Portfolio (Hardcover)
This is a good book, discussing some basic, to medium-depth princples and individual wisdoms. This book was written in an easy to read format, and the ideas that doing your research coupled with consumer sentiment drive investment decisions. This book carries many of the same principles as Buffett and Lynch, but is also contrarian on many of the ideas that Buffett and Lynch live by.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
One of the most worth reading books on investment education.,
By acespot@ix.netcom.com (Los Angeles, USA) - See all my reviews
This review is from: The Whiz Kid of Wall Street's Investment Guide: How I Returned 34% on My Portfolio (Paperback)
I first read this book in the library. I loved this book so much I decided to buy one. It is a book not only to guide you how to invest your money, but also a book on how to educate yourself to become successful in life generally. It's ideas are from a very young person in lucid language with a great sense of humor. Many examples and informations in the book make this whiz kid real and convincing. The world would be much better if there were more self-educating kids like Matt Seto.
4 of 4 people found the following review helpful:
4.0 out of 5 stars
For the novice or intermediate.,
By A Customer
This review is from: The Whiz Kid of Wall Street's Investment Guide: How I Returned 34% on My Portfolio (Paperback)
This book was primarily a good book on how to invest long-term without having a hearth attack during every little market fluctuation. His advice helped me a lot. I didn't agree with about 15% of the stuff he said because back when he wrote the book he couldn't find $30 trades at Schwab or $8 trades at suretrade.com. Anyways, I wish he'd gone into more depth when explaining some basic terms like debt:equity ratios. And even though his book looks thick, you'll find that you can read it in no time since the text's double spaced with the biggest font possible. The content itself is pretty useful....but that picture on the front cover should have been replaced...yuck!
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