Jake Bernstein no bull investing_1 pptx

[...]... Although success does indeed depend somewhat on social status, education, political connections, and family wealth, these are not always prerequisites Many self-made millionaires have started with virtually no education, no money, no family influence, no political connections, and no assistance These individuals have made their fortunes based on an idea, on talent, on motivation, on hard work, on persistence,... much better in the United States Although we were not wealthy by any stretch of the imagination, we did manage to buy a home, a car, and other “creature comforts” that made life more livable Getting enough food and clothing was no longer an issue for me And I was no longer afraid of being beaten, tortured, or killed by street gangs I could walk 6 NO BULL INVESTING to school without looking over my shoulder... help anyone achieve the American dream, no matter the level of education, social status, and current profession A FEW OF THE THINGS I LEARNED AND WHY I WANT TO SHARE THEM WITH YOU My experiences have taught me valuable lessons that everyone who wants to achieve financial independence should know and 10 NO BULL INVESTING take to heart Although some of the lessons may not seem especially relevant to you... and failures Think about your relationships I will elaborate on this highly important fact of life repeatedly throughout this book For now, take my word that life is full of 12 NO BULL INVESTING patterns, and that if we know the patterns—of life, of investing, and of economics—then we have improved our odds of success substantially Time Is More Important Than Price We are all preoccupied with price We... deal, not only about trading but also about myself My experiences led me to do research on market behavior in stocks and commodities as well as in economic trends Through my research, I learned a number of valuable concepts that have served me well now for many years I will share these with you, because I truly believe that these lessons will help you achieve your goal of financial independence, no matter... will help you find the means to achieve your goal of wealth if you are one of the millions who were not blessed with unique skills or talents, family money, or political connections Finally, even though there are many avenues for success in a free economy, some methods are more easily implemented than 4 NO BULL INVESTING others Some require less work, and some require less start-up capital Although I will... pure function of money and success Now I am not, in any way, shape, or form, suggesting that everything revolves around money Clearly, it does not Family, friends, spirituality, social awareness and action, as well as ethics and commitment are all part and parcel of a balanced and well-integrated personality But these are outside the scope of this book Remember: No matter how much success you may achieve... stock and therefore likely to go higher if inflation or political unrest became factors in the U.S and world economies Virtually every day, we would venture to the brokerage office to watch the ticker on their large quotation board We were hypnotized by the tape, watching the numbers change 8 NO BULL INVESTING We cheered mentally with every price change in WRT: WRT 3 1/16 3 1/8 3 3/16 We had visions... using the tools that took me many years to accumulate And third, I want to know that I have made an impact, that I have made my mark on society, and that I have hopefully helped improve the lives of many people Not too long ago, I received a complaint by e-mail from a woman who had read a book I coauthored with my son, Elliott Bernstein, titled Stock Market Strategies That Work (McGraw-Hill Professional,... charge My interest was purely to assist her I did not, as some individuals in my profession do, tell her that my consultation fee was $500 per hour or that she needed an appointment Still, she focused her energies on complaints rather than solutions She implied that my purpose in writing books was to make money and not to educate Apparently, she did not understand that writing books like this one generally . Investments 10 2 Introducing the Method 10 6 Introducing Momentum 10 9 How to Calculate Momentum 11 1 What Does Momentum Tell Us about a Market? 11 2 Divergence and Changes in Trend 11 3 Timing, Timing,. Opportunities 17 7 What’s Ahead in the Area of Technological Breakthroughs? 17 8 12 . SUMMARY AND FINAL THOUGHTS 18 1 A Perspective on Investor Psychology 18 1 Economic Yin and Yang: Cycles of Boom and Bust 18 7 Markets. amount of money / Jake Bernstein. p. cm. Includes index. ISBN 0-79 31- 6274-2 (6x9 paperback) 1. Investments. 2. Finance, Personal. I. Title. HG45 21. B4443 2003 332.6—dc 21 20030 011 86 Dearborn Trade