June 4, 2023
This is an overview of my next book, which I expect to publish in late July:
- Maverick Investor is a 114-page guidebook designed for novices, offering a structured approach to investing and trading. It provides strategies and tactics not typically taught in schools, enabling students to build a life-long portfolio in just four weeks.
- I wrote this book in response to feedback on my previous books, with reviewers suggesting the need for a simpler teaching resource. The goal is for TWIC to be utilized in schools, online courses, or as a foundation for investment club meetings among friends.
- The book begins with an introduction to markets and investing, explaining the difference between investing and trading.
- It covers the mindset required for success in investing and trading, focusing on building self-confidence.
- Recognizing the importance of support from others in achieving success.
- A vital aspect covered is the strategic approach to investing, emphasizing the significance of quality selections similar to the importance of location in real estate.
- Investors are encouraged to buy only what they need and feel comfortable owning, following the Income-Value-Growth principle.
- The book provides guidance on analyzing markets and companies for investment purposes, incorporating a fusion of four types of analysis.
- It covers analyzing market price motion, highlighting the best indicators to use for trading.
- Keys to technical trading of prices using StockCharts.com are discussed.
- Various information sources are introduced, including ValueLine, FinViz, Finance.Yahoo, Investing.com, TipRanks, and MarketBeat.
- Case studies are presented, utilizing an eight-company watchlist from the Dow 30. The importance of understanding both the company and the stock is emphasized.
- The book offers insights into establishing a daily routine, the significance of maintaining a diary, and the importance of recordkeeping on a daily, weekly, and monthly basis. It also provides an analysis and decision-making checklist.
Overall, Maverick Investor is a comprehensive guidebook that aims to simplify investing and trading for beginners, providing them with the necessary knowledge and strategies to build a successful investment portfolio.