Personal investor, James Pattersenn Jr. explains his steps to lucrative, “worry free” investing that beats market performance over the long-term in his comprehensive guide, You Can Invest Like A Stock Market Pro: How to Use Simple and Powerful Strategies of the World’s Greatest Investors to Build Wealth.
Through his own success and that of other well-known investors, he provides strategies that enable you to create an investment portfolio that you only have to check 12-20 times a year! Yes, it takes research, patience and discipline.
But how can an investment be worry-free? Note that “worry-free” does not mean “risk-free.” Pattersenn teaches investors how to identify companies that meet specific criteria and insists that one should invest long term, holding stocks no less than ten years. Investing in the short-term is too risky and of course stay away from margin accounts. Also don’t try to time the market.
So one can see that this is not for those with a “get rich quick” mentality. However, he does promote in investing non-traditionally such as buying during a recession when everyone is selling.
What I particularly appreciate is that he offers a multitude of websites and investment tools to assist in the process. He also suggests setting up a “practice portfolio”.
I also found it helpful that he gives his own investment history: purchases, sales and position changes and explains why he did what he did.
He uses concise terminology and explanations for the beginning investor. He also shows you how to establish a disciplined way to fund an investment program and how to find extra money to fund it.
I recommend this book to those who are interested in investing in the stock market over the long-term, but not for those who want to make an immediate “killing”. That said, I will personally refer to it often as well as the wealth of resources mentioned in it.