Product Description
THIS IS ABOUT MY LIFE AS A STOCK MARKET SPECULATOR. AND MY GRADUAL TRANSFORMATION FROM A CONSERVATIVE BLUE-CHIP INVESTOR INTO A STEELY EYED, RIVERBOAT GAMBLER WITH NERVES OF STEEL. WHO FOUND WHAT HE WAS LOOKING FOR IN THE STRANGE AND WONDROUS WORLD OF MICRO-CAP INVESTING. ALLOW ME TO INTRODUCE YOU INTO MY WORLD. A WORLD WHERE YOU CAN MAKE A FORTUNE ON A CHUMP-CHANGE INVESTMENT…. More >>
What a great, great book! I don’t usually leave reviews, but I am something of an investing book guru, because I own dang near all of them. In the past year or so I’ve read 12 “penny stock” books and (while this isn’t entirely all about penny stocks) this the best one hands down. Aside from being an entertaining read, this book is filled with information regarding sectors I never thought about for penny stocks. This book is worth whatever I paid for it just for his one single penny stock strategy. Let alone he gives his whole investment strategy is this 100 or so page book. I enjoyed reading this book and wish the author would write more, because his hatred for the wall street hypocrit/coward nearly matches mine.
Rating: 5 / 5
This book opened an entire new world to me! Fred does an excellent job of making a case for investing in scarce resources that WILL go up–gold, silver, oil, etc. Then he shows step by step how to find absolute rock bottom bargains on oil, silver, gold, and other stocks. This is not your run of the mill book.
My favorite discussion in the book is on penny mining stocks. These are stocks that give you incredible leverage because they cost anywhere from .05+ a piece. Not only do you get leverage but you also make enormous sums if these stocks go up even a few cents. And the risk is minimum because you can buy a ton of stock when their price is so low.
Not only was the book an excellent read but it also entirely and permanently opened up a new world to me. It changed my paradigm completely! Out of all the books on investing I have read (I read 1 or 2 a month and have been doing so for some time), this is one of the top two I have read!
Rating: 5 / 5
People stand up and listen. This is a book that can be a difference maker for you. Buy the book. Read it. Apply it! This gives the every day guy a chance. Don’t be fooled by the title. This is an excellent well rounded and well thought out investment program that nobody it talking about…nobody! Don’t wait.
Joe – Woodstock, VA
Rating: 5 / 5
Fred Carach speaks from the weight of experience gained from the
school of hard knocks. As a futures and options trader myself with
twenty years in the industry, even from a brief reading it’s readily
apparent that the author truly knows his craft — the business of
small cap investing within the natural resource sector.
His trading style and philosophy are completely unorthodox (a big plus
point in my book). His views on technical analysis, stop-loss orders
and other conventional Wall Street wisdom surely would have him
condemned for heresy, however, I suspect the author would feel such a
charge be considered a badge of honour.
This book is full of common sense and a distillation of wonderful
investment stories. I can highly recommend it.
Rating: 5 / 5
A good read for the person who is trying to turn a little money into a lot of money. This book gives you many categories of stocks to consider and the author lists his favorites in each sector.
A word of caution because these are very speculative stocks with high volatility. I like his practice of keeping one third of his portfolio in speculative plays while allocating two thirds to income stocks producing dividends of at least 6%.
Very entertaining with just the facts and no fluff.
Bob
Rating: 5 / 5