- File Size: 3397 KB
- Print Length: 70 pages
- Publisher: Endeavour Press Ltd.; 1 edition (January 24, 2012)
- Publication Date: January 24, 2012
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B0071F53WM
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #1,103,631 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Ashes To Riches: How To Profit Spectacularly During The Economic Collapse of 2012 to 2022 Kindle Edition
|Length: 70 pages||Word Wise: Enabled||Enhanced Typesetting: Enabled|
|Page Flip: Enabled|
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Top Customer Reviews
Unfortunately he loses significant credibility with me because his web site he touts for the "latest news, analysis, and chart updates" - [...] - does not exist.
By the way, I knew better but I bought the Kindel version anyway. Never but a Kindel version for any book that is going to have charts.
Nevertheless, I admire the chutzpah of anyone with the nerve to follow through on this advice. His description of end-of-day trading is thought-provoking -- and explains that bounce we so often see in the charts after 3:30 p.m. You can tell the traders get active then. I didn't realize just how much thought went into those trades.
I read this book mainly for its perspective on how the economy is likely to perform over the next decade, and Carlucci offers some good insights there. Lots to think about, and some advice on commodities trading that might be worth pursuing if you have a high tolerance for risk.
Ironically, if you do not already know many of the terms and things he talks about in this book, reading this book will only give you a very little piece of information which is highly dangerous to your net worth.
If you already know all the things he talks about, then you don't need this book, and you can even figure out what aspects are B.S. and not.
All the technical analysis is bunk. Numerous people may disagree with me, and that's fine. They can risk their money the way they like. I am telling you straight, that all T.A. is bunk.
I just don't want to see anyone lose their money especially in these hard times. You really need to get off your butt and read a LOT of books about investment before you even gamble a dollar. And that is what it is, gambling. Let's not fool ourselves.
The author suggests things like Muni Bonds. Really? When so many cities are going bankrupt?
SLV and GLD are interesting plays, but you need to be aware what they are. You are not actually buying silver or gold, and there is no receipt to redeem in gold or silver. It is just paper money, holding paper assets. Again, you need to educate yourself.
As for stop loss and end of day trading... you are fooling yourself if you think these are magic bullets. Stop loss orders can be "gamed" so that they trigger mass selling when the price hits, and then the stock will then shoot up, with you missing the boat (and taking a net loss).
The author may not like what I wrote here but he should agree that I am just telling it like it is and agree that a little information is a dangerous thing.
Most Recent Customer Reviews
Very interesting,specially the first 2 chapters. They give you a good perspective about how the markets work in a general sense.Published on December 5, 2012 by Francisco
This was a very interesting book to read. I am not sure if it really will work as the author suggests, but the thoughts and arguments seem well thought out and worthy of serious... Read morePublished on July 24, 2012 by Silvio Lario
Ashes to Riches is a great book for both beginners and veterans in the investment world. It gives great insight on the market, despite the fact that we're in a sluggish economy. Read morePublished on February 5, 2012 by Alex