Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets

Over the four day weekend, I read the book, Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets by Michael W. Covel. This 688 page tome is the most complete book on the investment technique of Trend Following that I have ever read.

Don’t let the size of the book deter you from reading it. The first half of the book contains the meat of information, while the last half includes numerous interviews of successful traders, and an extensive appendix supported by lots of research.

The book shows how many of the so-called tried-and-true investment trading techniques, such as dollar cost averaging and fundamental analysis,  are basically unsuccessful, and how using trend following can generate positive trades, no matter what kind of market we are in, even crashes. Covel gives numerous examples of how the trend following traders have made money over many years.

One of my favorite chapters was Chapter 4 – Big Events, Crashes, and Panics, which discusses such incidents as Enron, the great recession, the dot com bubble, and Black Friday. The author shows how money was still being made during those times. Probably the most important chapter is Chapter 10 – Trading Systems.

It is interesting that I actually started trend following trading a few months ago with some success. The problem I had was not cutting my losses. However, Covel has pounded the lesson into me to cut my losses quickly. (He has also provided me with many other lessons throughout the book.)

One feature that makes this book interesting is that he provides interesting quotations from famous people on almost every page in the book.

If you are a stock or commodities trader, and your performance hasn’t been as successful as you like, I highly recommend that you read Trend Following.

 

Business Book Bargains: Financial Books on Sale Now

The following business and finance eBooks are currently on sale at Amazon. If you are interested in any, I suggest that you order them as soon as possible, because often these sales only last for a few days.

Iacocca: An Autobiography
By Lee Iacocca with William Novak
A #1 New York Times bestseller! In this candid read, the former CEO of Chrysler reflects on his legendary career — sharing penetrating insights and tried-and-true lessons perfect for those in leadership positions.
$1.99 discounted from $7.99

Platform: Get Noticed in a Noisy World
By Michael Hyatt
A New York Times bestseller: To succeed today, you need to stand out. Learn how to create your own platform and expand your influence in this down-to-earth primer with nearly 500 five-star reviews on Amazon!
$1.99 discounted from $9.99

Profit First
By Mike Michalowicz
Transform your business and kickstart long-term growth with an unconventional strategy that flips the script and puts profit first! Ideal for entrepreneurs, this practical guide “may arguably be one of the greatest ‘hacks’ of all time” (Chris Guillebeau, author of The $100 Startup).
$1.99 discounted from $13.99

Street Smarts
By Jim Rogers
A New York Times bestselling author and Wall Street leader offers sharp insights about the world’s economic future, while looking back on his legendary career. “Another great read from one of the most astute global investors of our time” (New York Times bestselling author Peter D. Schiff).
$1.99 discounted from $13.99

Why Good People Can’t Get Jobs
By Peter Cappelli
Is a skills gap really what’s preventing good people from getting hired? Find out in this insightful book full of actionable advice from a Wharton School professor who was named one of HR Magazine’s Most Influential Thinkers of the Year!
$0.99 discounted from $7.99

Financially Ever After
By Jeff D. Opdyke
Don’t let money ruin your marriage! A Wall Street Journal columnist provides practical advice and decision-making tools in “a sensitive and sensible manual for peaceably handling marital finances” (Publishers Weekly).
$0.99 discounted from $13.99

Happy reading !!!

Newest Top Selling Real Estate Books

You have probably seen those ads on TV about flipping houses and investing in real estate. Before dipping your foot in the water, maybe you should read up on buying and renting homes. The following are some recent top selling books on real estate investing, shown by category. Happy reading and investing!

Rental Properties & Property Management

Real Estate Investing: 2 Manuscripts – “Flipping Houses” and “Rental Properties”

The 16 Keys to Successful Real Estate Investment

The Complete Guide to Investing in Rental Properties

The Effective Landlord: How Owners and Property Managers Can Attract Better Tenants, Raise Rents, and Boost Their Bottom Line in Any Market

Real Estate Investing Jump Start

Rental Property Millionaire: Comprehensive Beginner’s Guide for Newbies

The Real Estate Rookie’s Guide to Property Investment

Magic Mirror Investing: Your Complete Guide to Property Management

Real Estate Investing: Own, Rent and Time Well Spent: How To Create Passive Income From Property Investment

Flipping

Flipping Houses For Dummies

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties 

FLIP: How to Find, Fix, and Sell Houses for Profit The Complete Guide to Flipping Properties

Forclosures

The Complete Idiot’s Guide to Buying Foreclosures, 2nd Edition

Buy & Rent Foreclosures: 3 Million Net Worth, 22,000 Net Per Month, In 7 Years…You can too!

Foreclosure Investing For Dummies Buying Real Estate Foreclosures

Short Sale Investing

Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts

Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor’s Guide to Making a Fortune Even in a Down Market

Negotiation

Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home For the Lowest Possible Price

Real Estate Taxation

Practical Guide to Real Estate Taxation, 2017

Hotel Investing

Hotels and Resorts: An investor’s guide

 

Venture Deals: Be Smarter than your Lawyer and Venture Capitalist

If you have ever considered starting up your own business, or maybe you have just created your startup and need to raise funds but feel a bit overwhelmed, you need to read the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson. It is a complete guide to venture capital from raising money to selling the business.

The book covers the various sources of funding that are available in great detail including crowdfunding and convertible debt. Because the term sheet is so important, there are four chapters dedicated to it.

Throughout all the chapters, there is an “Entrepreneur’s Prospective” which is very useful to the startuper.

Probably the best feature of the book is the sample term sheet at the end.

So if you are planning or working on your startup and need additional capital, I recommend you get  Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist.

 
  

The Latest Top Investing Books

If you re looking for new and interesting books to read during the spring that are related to the stock market and investing, look no further than the following list. These are books that have recently been released or will be released this year. Happy reading!

Winning the Loser’s Game, Seventh Edition: Timeless Strategies for Successful Investing by Charles D. Ellis

International Money and Finance, Ninth Edition by Michael Melvin and Stefan Norrbin

Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street by Sheelah Kolhatkar

The Truth About Your Future: The Money Guide You Need Now, Later, and Much Later by Ric Edelman

The Crowdsourceress: Get Smart, Get Funded, and Kickstart Your Next Big Idea by Alex Daly

MILLIONAIRE HABITS: 16 TOP SECRETS MILLIONAIRES USE TO CREATE LASTING WEALTH by Uyi Abraham

The 100 Best Stocks to Buy in 2017 by Peter Sander and Scott Bobo

The Secrets of Successful Financial Planning: Inside Tips from an Expert by Dan Gallagher

The Wizard of Lies: Bernie Madoff and the Death of Trust by Diana B. Henriques

 

The Latest Top Selling Real Estate Books

With a bullish run of over eight years in the stock market, you may have been taking profits and looking for other investments to diversify your portfolio, such as real estate.  Or maybe you already invest in real estate, and want to avoid pitfalls Have you ever wanted to try flipping homes and didn’t know how to begin? Here are some recent top selling books on real estate investing, broken down by category. Happy reading!

Flipping

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties 

FLIP: How to Find, Fix, and Sell Houses for Profit The Complete Guide to Flipping Properties

Forclosures

The Complete Idiot’s Guide to Buying Foreclosures, 2nd Edition

Buy & Rent Foreclosures: 3 Million Net Worth, 22,000 Net Per Month, In 7 Years…You can too!

Foreclosure Investing For Dummies Buying Real Estate Foreclosures

Rental Properties & Property Management

The Complete Guide to Investing in Rental Properties

The Effective Landlord: How Owners and Property Managers Can Attract Better Tenants, Raise Rents, and Boost Their Bottom Line in Any Market

Real Estate Investing Jump Start

Rental Property Millionaire: Comprehensive Beginner’s Guide for Newbies

The Real Estate Rookie’s Guide to Property Investment

Magic Mirror Investing: Your Complete Guide to Property Management

Real Estate Investing: Own, Rent and Time Well Spent: How To Create Passive Income From Property Investment

Short Sale Investing

Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts

Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor’s Guide to Making a Fortune Even in a Down Market

Negotiation

Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home For the Lowest Possible Price

Real Estate Taxation

Practical Guide to Real Estate Taxation, 2017

Hotel Investing

Hotels and Resorts: An investor’s guide

 

Trading in the Zone

If you are a stock trader, either a day trader or a swing trader, and you are not as successful as you would like to be, or maybe you have been unsuccessful, you need to read the book Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas.

The book is not about looking at stock fundamentals, and its not about looking at technical analysis. It is about looking at yourself and why you make the decisions you do when trading, and how to overcome the trading mistakes you have made in the past.

The author discusses the techniques and strategies you can do to think in terms of probabilities, understand risks, and achieve a winners mindset.

So if you have had trouble with your trading abilities, then I highly recommend that you read Trading in the Zone.

Complexity in Taxation and Other Regulations for Cross-Border Professionals

Guest article by Andrew Fisher, Chief Investment Officer and a Senior Client Advisor of Maxim Global Wealth Advisors 
Excerpt from The Cross-Border Family Wealth Guide

Most cross-border professionals are quite surprised when they learn about the many financial requirements that go hand-in-hand with residing in the United States. Becoming a U.S. tax resident brings with it a great deal of potential complexity, both with regard to U.S. tax laws as well as other allied rules and regulations affecting things like moving funds from one country to another, opening accounts in more than one country, investing, business ownership requirements, and retirement planning. The U.S. system, then, is generally more complex both with regard to its tax code (many European countries have at taxes or tax codes that are much simpler than the U.S. code) and the many other rules, regulations, and requirements that the United States imposes. For those cross-border professionals and globally mobile families with the most interest in wealth planning—which involves not only taxation and tax minimization strategies, but also questions of investment structure, asset allocation, savings and retirement plans, currencies, and so on—it can be a truly daunting task.

Likewise, for U.S. citizens living abroad, the long reach of the U.S. tax system complicates things— a U.S. citizen living abroad is treated for tax purposes nearly identically with a permanent resident alien living abroad—but for a number of reasons, this has not troubled too many people or been seen as much of an issue. Why not? Well, first, many U.S. citizens abroad haven’t been aware of their requirement to file. Upon becoming aware of the requirements, such individuals generally must seek professional tax assistance and come to an arrangement with the U.S. Internal Revenue Service (IRS) for missed taxes. Second, many U.S. citizens living abroad are doing so because they are working in Western Europe, and most countries there have substantially higher tax rates than the United States has, which means that by the time a tax credit offset is given, they likely do not owe any U.S. taxes.

Consider, for example, a software coder from California who has moved to Germany indefinitely and is aware of his need to file with the IRS (since he is still a U.S. citizen). To begin with, in most cases he won’t have to file a California state tax return. This is because, like most states, California bases its taxation on a person’s intent and residency, and allows you to break residency should you move to another U.S. state or internationally. Now, without California tax in the picture, this software coder might be subject to a top U.S. tax rate of 28 percent (after applying the foreign income exclusion), but he will first be paying approximately 45 percent in tax and various withholdings on his earnings in Germany (since he physically resides there, Germany gets to go first). With the tax credit he gets for what he paid in Germany, he is likely to end up owing no additional U.S. taxes.

Scarcity of Professional Help and Information

In addition to the lack of uniformity and the significant complexity, there is a third unique challenge: the lack of—the scarcity of—readily available help and easily accessible information. While those who are ultra-affluent can afford to put together a specialized team consisting of accountants, attorneys, and other professionals, most successful educated families and themselves facing a lack of good information and guidance. With so many unknowns and so many unclear (and shifting!) rules and regulations, it can be difficult for such families to gain a clear sense of their financial situation, to clarify their goals for the future, and to make sure that what they’re currently doing is aligned with and optimized for achieving those long-term goals.

Unfortunately, not only are there very few resources like the book you are now holding, but there are also very few places that a cross-border professional can turn to for help with even relatively simple problems. Not only do well-known financial and brokerage firms fail to make comprehensive service offerings available for cross-border families, in most cases they actively prohibit their advisors from giving cross-border tax, financial, and retirement planning advice.

There are, simply, very few if any good sources of information available. If you are British and walk into a U.S. brokerage firm and explain that you have been with Intel for 15 years and now are retiring back to the United Kingdom and that you merely need someone to help you make sense of it all, especially what to do with your 401(k) that is worth a few hundred thousand dollars—you will in all likelihood be told that you can’t be helped. This is mainly because the complexity of what is involved is beyond the ordinary capabilities of the financial advisors involved, and the companies they work for do not want to risk giving bad advice and being liable for that advice.

Similarly, for the most part, foreign investment firms and banks will not give advice to, assist, or otherwise get involved with a U.S. citizen living abroad who has questions or problems. The world may be becoming increasingly mobile, but knowledge about what to do with cross-border financial planning has not yet become so. There’s simply too much red tape, too much complexity, and too much potential liability, not to mention the additional potential difficulties that can arise from language, translation, and assorted cultural issues.

Excerpted with permission of the publisher, Wiley, from The Cross-Border Family Wealth Guide: Advice on Taxes, Investing, Real Estate, and Retirement for Global Families in the U.S. and Abroad by Andrew Fisher. 

 

The Latest Business & Investment Books

What a better way of starting the new year than improving your knowledge in the areas of business and investments. And what better way of improving your knowledge is by reading the top money and entrepreneurship books.

Here are some of the recent releases. All have overall averages of at least four stars.

The Undoing Project: A Friendship That Changed Our Minds

Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers

Thank You for Being Late: An Optimist’s Guide to Thriving in the Age of Accelerations

Shoe Dog: A Memoir by the Creator of Nike

The Art of Witty Banter: Be Clever, Be Quick, Be Interesting – Create Captivatin

Grit: The Power of Passion and Perseverance

Deep Work: Rules for Focused Success in a Distracted World

Pre-Suasion: A Revolutionary Way to Influence and Persuade

Gameplan: The Complete Strategy Guide to go from Starter Kit to Silver

The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future

Investing & Business Books on Sale Today

What are you going to do with all that money you received as gifts? Why not spend it on some books you’ve always meant to read. And what better time is there to buy books. There is an After Christmas sale for many top investing and business books at Amazon today.

These are regular hardback and paperback books. So no Kindle required. Here is a selection that you might find of interest. Buy now because these sales won’t last.
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel $22.99,marked down to $12.89

The Compound Effect $15.99, marked down to $10.87

Stock Market Investing for Beginners: Essentials to Start Investing Successfully $8.99, marked down to $5.91

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns $24.95, marked down to $18.45

Investing For Dummies $22.99, marked down to $12.25

The Bogleheads’ Guide to Investing $26.95, marked down to $14.84

A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing $19.95, marked down to $13.56

The 100 Best Stocks to Buy in 2017 $16.99, marked down to $13.35