Harriman’s New Book of Investing Rules
Anthony Garner contributed a chapter to this popularly acclaimed book along with others such as John C Bogle, Antony Bolton and Jacob Rees-Mogg.
Every investor needs an edge. Where better to look than the rules of the world’s best investors?
These are the do’s and don’ts that have driven profits in the billions. They are the practical precepts of many of the best investors in the UK and the US and further afield – the wisdom of the money manager who outperformed the market by staggering percentages for three decades in a row, of the private investor who once trained the professionals in the City, of the ex-hedge fund manager who now advocates the simplest investing system in the world.
And 50+ MORE of the most interesting minds in modern investing, from Wall Street to Westminster and back again.
The legendary Harriman Book of Investing Rules is back with a massive, all-new volume – packed with hundreds of pages of compelling content, bringing you the arguments of the very best investing minds around the globe in one unputdownable book.
A Practical Guide to ETF Trading Systems
A Practical Guide to ETF Trading Systems investigates how you can use low cost ETFs to create powerful trading strategies that not only beat the market, but reduce your risk as well.
Like many of the methods outlined this month, the book would ideally suit someone who doesn?t have the time for short-term day trading or is looking at ways to increase the returns from their medium to long-term investments. The book provides a number of successful, easy- to-follow trading systems, but the emphasis is more on providing you with ideas to stimulate your own research rather than just showing you a bunch of profitable systems. This is the intention at least, but in explaining the logic behind the strategies so well, it does make it easier to understand the systems and for you to just apply those presented yourself if you wanted to.
The book is split into two parts. The first outlines trading systems in general including tips on where to get the right data, what software to use and practical tips for creating your own system. In this section, Anthony builds a strong case for the potential with technical trading systems that ignore market fundamentals. He refers to a number of rule-based systems and funds with public track records as well as academic studies that support the idea that stock market averages can be beaten (at least from the perspective of reducing risk). While there are an equal number of studies that hold the opposite view, the evidence at least adds weight and credibility to the strategies he outlines later. Perhaps the most interesting part of the first section is where Anthony examines various benchmarks and how an investor can improve returns and reduce risk by focusing on different markets.To gain a global perspective, he looks at buying and holding the MSCI World Index which is made up of various stock markets throughout the world. Anthony then performs various comparisons, including the performance of a portfolio that invested 60% in the stock market.