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Building Wealth in the Stock Market: A Proven Investment Plan for Finding the Best Stocks and Managing Risk
John Wiley and Sons Ltd, July 2012, Pages: 620
Building Wealth in the Stock Market provides a complete model for investing successfully and safely in bull and bear markets. Experienced investor and teacher Colin Nicholson shares with readers his very own investment plan -- one that has been honed over 40 years and that has seen him consistently beat the market and his target rate of return.
Everything in Nicholson's investing method is fully disclosed simply and with a minimum of market jargon. The central idea is how to manage risk in order to grow capital and secure a stream of dividends. The various risks to be managed are explained, along with strategies for managing them. Aspects also covered include:
- how to improve your decision-making skills, modelled on the way the best investors think
- what is needed to succeed and why having an investment plan is crucial for success
- how to select stocks, using charting and fundamental ratios in combination to achieve a margin of safety
- how to manage your portfolio -- when to buy, how to build a position, when to cut losses and when to take profits.
The methods are brought to life through case studies based on real investments and the sharing of insights gained from years of experience and research. This book will change the way you think about the stock market forever.
About the author.
CHAPTER 1: Setting the Scene.
CHAPTER 2: Winners think Differently.
CHAPTER 3: What is required to succeed as an investor?
CHAPTER 4: Roadmap of my investment plan.
CHAPTER 5: Asset class and performance target.
CHAPTER 6: My simple big idea.
CHAPTER 7: The risks to be managed.
CHAPTER 8: Managing market risk.
CHAPTER 9: Managing specific risk.
CHAPTER 10: Managing financial and liquidity risks.
CHAPTER 11: Selecting stocks to buy.
CHAPTER 12: Managing Investments.
CHAPTER 13: Executive summary of my investment plan.
CHAPTER 14: Case Studies.
CHAPTER 15: Conclusion.
Appendix A: Insight Trader chart format.
Appendix B: Semi-log or linear charts?
Colin Nicholson has been investing on the stock market since the late 1960s. He has taught both fundamental analysis and technical analysis at a post-graduate level, both as a writer and sought-after speaker. Over the last two decades, he has written weekly columns in The Australian Financial Review and BRW magazine, and written regularly for AFR Smart Investor magazine, Shares magazine, the Shares Charting Guide and the ATAA Journal. He is totally independent and does not sell anything other than his writing and teaching.