Product Description
The key to making consistent profits in the stock market is to have a well-defined set of trading rules. Without a solid set of rules to follow, most investors are victims of human emotion and become far better at making consistent losses in the stock market rather than making consistent profits. This book is all about teaching you how to develop an investment strategy for building a world-class portfolio in any market. It takes you through the step-by-step process of managing that portfolio for consistent profits, year-in and year-out.
From the Inside Flap
If someone told you they knew a better way to make money in today’s stock market, would you believe them? What if they said their approach, which only takes a few hours a week to maintain, could double your net worth every three to four years and keep your downside risk extremely low? While this may seem impossible to most investors, author Michael Turner—a civil (and then software) engineer turned professional portfolio manager—has accomplished this objective, and with his new book 10: The Essential Rules for Beating the Market, he’ll show you how to do the same.
After selling his successful software company in 1997, Turner entrusted his nest egg to one of the biggest investment firms on Wall Street. And over the course of two years, they proceeded to lose almost half of it! That’s when Turner decided to see what he could do on his own, and that’s when he discovered that the key to capturing consistent profits in the stock market is having a well-defined set of trading rules and the discipline to follow those rules. With this in mind, he developed a straightforward investment strategy—one based on ten specific rules—that allowed him to build a world-class portfolio of stocks and generate significant returns in any market.
Filled with in-depth insights and practical advice, 10 takes you step by step through the process of creating and managing a market-beating stock portfolio with this proven approach, and shows you how to select and trade stocks using a combination of both fundamental and technical analysis. Following the rules and methodologies outlined throughout these pages, you’ll quickly learn how to get into a stock at the right time and, more importantly, when to exit that position. You’ll also discover how to view the market—as well as the various industry sectors within it—and interpret what is happening on a broader scale, so you can maximize profits on individual positions and boost the overall performance of your portfolio.
Some of the rules that will improve your stock investing prowess include:
- Know When to Sell
- Never Marry a Stock
- Watch the Institutional Ownership
- Balance Your Risk through Smart Asset Allocation
It is possible to make a significant amount of money in today’s stock market, and with the proven principles found in 10, you’ll be able to achieve this objective. By following the rules found in this guide, you’ll have what it takes to build a world-class portfolio of stocks that will excel in practically any market.
About Michael Turner
Michael Turner is the president and founder of CycleProphet, Inc., the company that provides investors with the world’s most advanced stock market, commodities, and currencies forecasting systems. He is a multi-decade professional software systems engineer and senior investment portfolio manager, who has overseen the development of a set of tools that investors use to see the future markets based on immutable and unchanging time cycles. Mr. Turner’s system actually “maps” the future of the markets to those same immutable and unchanging time cycles, providing investors with amazing clarity of the exact days in the future when the market will bottom or top and move higher or move lower. He is not only an engineer and highly successful portfolio manager, he continues to be one of the foremost innovators of investor tools that are truly game changing. Mr. Turner is also the author to the widely read and popular book, 10: The Essential Rules for Beating the Market, which was published in 2008. He is a 1973 graduate of Oklahoma State University with a BS in civil engineering.