Saturday, June 4, 2011

Who is Phil Town? How can he help you?





For amateur investors who admire the incredible returns produced by Benjamin Graham–Warren Buffett–style value investing but can't figure out how to replicate these billionaires' methods at home, Town's investment guide is manna from heaven.

A former river-rafting guide, Town learned how to calculate such crucial numbers as Return on Investment Capital and Equity Growth Rate from "Wolf," a wealthy rafter whom Town saved from a rapid in 1980. Under Wolf's tutelage, Town learned how to turn $1,000 into $1 million in five years, but the selection of lucrative stocks took weeks of library research. In this engaging and accessible book, Town shows readers how to replicate that sort of exhaustive market research on the Internet—and shorten the research time to just a few hours per stock.

Fans of The Intelligent Investor will recognize that Town's Rule #1 formula—"

1) Find a wonderful business,
2) Know what it's worth as a business,
3) Buy it at 50 percent off,
4) Repeat until very rich"—

is a variation of Benjamin Graham's investment philosophy. (Graham and Buffett are cited heavily throughout the book.)

But Town's ability to break down that philosophy into a detailed, step-by-step program that can be understood by any reader with basic math skills is unique.

His chummy, reassuring tone ("If you're finding yourself already a bit overwhelmed, take a deep breath") will leave readers feeling empowered and ready to manage their money themselves.




Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade.  But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time.

Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.”  But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless.  It turns out that only 4% of fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens.

But it’s worse than that.  The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees.  Once you understand how funds engineer this, you’ll rush  to invest on your own.

Payback Time’s risk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets.  It’s a set of rules for investing (not trading but investing) in the right businesses at the right time -- rules that will ensure you make the big money. 




Inspired by Felix Dennis




Felix Dennis is one of Britain's best known self-made entrepreneurs. He was born in Kingston-upon-Thames in 1947. After leaving Harrow College of Art, Dennis claims to have wasted a great deal of time playing in R&B bands.

In 1971 he was imprisoned as a co-editor of Oz magazine at the culmination of the longest conspiracy trial in English history. Dennis at this time recorded a single with John Lennon to raise money for a legal defence fund.
Following acquittal by the Court of Appeal, Dennis went on to found his own magazine publishing company in 1973. Success came early with Kung Fu monthly making over £60,000 (a small fortune in 1974) aided by the rising popularity of martial artist Bruce Lee. The then small company also managed to break into the US where others had failed.

For Dennis, a crucial observation was the emergence of personal computers. He set up Personal Computer World which he later sold to VNU, and MacUser which he sold to Ziff Davis Publishing in the mid-eighties. He also co-founded MicroWarehouse, a $2 billion computer mail order company which eventually went public on the NASDAQ and formed the bulk of his personal wealth.

In 2001, following a second life-threatening illness, Dennis took up poetry. Within a year, he wrote his first book of verse A Glass Half Full, published by Hutchinson in the UK. The launch of this book was accompanied by the first of Dennis's UK-wide poetry reading tours entitled “Did I Mention the Free Wine?” Audiences are offered fine French wine from Dennis’s cellar whilst watching Dennis perform his poetry on stage.

Within seven years, he has become one of the biggest selling poets of original verse in recent times, and his poetry has been featured on radio interviews, in the national press and the subject of two major television documentaries.

Dennis remains the owner of Dennis Publishing, a privately owned company with headquarters in both London and New York City. It has over 50 magazine titles, digital magazines, websites and mobile sites in the UK including The Week, Monkey, Auto Express, PC Pro and Viz. Its flagship brand The Week is also published in the US and Australia.

This is an excerpt from his bestseller: How To Get Rich

"Nearly all the great fortunes acquired by entrepreneurs arose because they had nothing to lose. Nobody had bothered to tell them that such and such a thing could not be done or would be likely to fail. Or if they had been told, then they weren't listening. They were too busy proving those around them wrong - without even meaning to." - Felix Dennis




Friday, June 3, 2011

The Non Farm Payroll trade

Nonfarm payroll employment is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market.

It is a compiled name for goods-producing, construction and manufacturing companies. The Bureau of Labor Statistics releases preliminary data on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month, at 8:30 a.m. Eastern Time;

typically this date occurs on the first Friday of the month. Nonfarm payroll is included in the monthly Employment Situation or informally the jobs report and affects the US dollar, the Foreign exchange market, the bond market, and the stock market.

The figure released is the change in nonfarm payrolls (NFP), compared to the previous month, and is usually between +10,000 and +250,000 during non-recessional times. The NFP number is meant to represent the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry.

While the overall number of jobs added or lost in the economy is obviously an important current indicator of what the economic situation is, the report also includes several other pieces of data that can move financial markets:

1. What the unemployment rate is in the economy as a percentage of the overall workforce. This is an important part of the report as the amount of people out of work is a good indication of the overall health of the economy, and this is a number that is watched by the Fed as when it becomes low (generally anything below 5%) inflation is expected to start to creep up as businesses have to pay up to hire good workers and increase prices as a result. This initial rise in prices may mean that workers demand higher wages (especially as the economy reaches full employment) causing further inflation. In macroeconomics, this is known as the price/wage spiral.

2. Which sectors the increase or decrease in jobs came from. This can give traders a heads up on which sectors of the economy may be primed for growth as companies in those sectors such as housing add jobs.

3. Average hourly earnings. This is an important component because if the same number of people are employed but are earning more or less money for that work, this has basically the same effect as if people had been added or subtracted from the labor force.

4. Revisions of previous nonfarm payrolls releases. An important component of the report which can move markets as traders re-price growth expectations based on the revision to the previous number.

In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.

Watch how Kishore M Trades the Non - Farm Payroll

Tuesday, May 31, 2011

As seen in the papers today


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