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⇛ Paperback Read だ The Motley Fool Investment Guide: Third Edition: How the Fools Beat Wall Street's Wise Men and How You Can Too For Free ⦴ By Tom Gardner ⧗

⇛ Paperback Read だ The Motley Fool Investment Guide: Third Edition: How the Fools Beat Wall Street's Wise Men and How You Can Too For Free ⦴ By Tom Gardner ⧗ ⇛ Paperback Read だ The Motley Fool Investment Guide: Third Edition: How the Fools Beat Wall Street's Wise Men and How You Can Too For Free ⦴ By Tom Gardner ⧗ Tom Gardner learned from his father how to invest, and with his brother, David, started The Motley Fool in 1993 with a mission to educate, amuse, and enrich Today, the Fool works to empower individual investors, reaching millions every month through its website, premium services, podcasts, radio show, newspaper column, and With David they have coauthored several books, including You Have More Than You Think, Rule Breakers, Rule Makers, and The Motley Fool Investment Guide for Teens.David Gardner learned from his father how to invest, and with his brother, Tom, started The Motley Fool in 1993 with a mission to educate, amuse, and enrich Today, the Fool works to empower individual investors, reaching millions every month through its website, premium services, podcasts, radio show, newspaper column, and With Tom they have coauthored several books, including You Have More Than You Think, Rule Breakers, Rule Makers, and The Motley Fool Investment Guide for Teens.The Motley Fool Investment Guide Third Edition 1 FOOL Take heed The wise may be instructed by a fool You know how by the advice and counsel and prediction of fools, many kings, princes, states, and commonwealths have been preserved, several battles gained, and divers doubts of a most perplexed intricacy resolved Rabelais The world has changed dramatically since The Motley Fool began its quest to help the world invest better in 1993 Todays individual investor is armed with information and greaterand cheaper access to the markets than ever before Today, we can find a stock idea, research it online, and buy shares, all in a matter of mere moments not that we think you should But much remains the same Investing in individual equities remains the truest path to lasting wealth Many Wall Street brokers will argue to their last breath that you cant do it on your own But we have clear evidencenow with a track record that spans than twenty yearsthat individual investors can beat the market so long as they can overcome a few key behavioral barriers And yes, were still answering questions about the name we chose for our company So lets start there Fool Thats certainly not a very wise choice for a name when youre trying to ply your trade in the investment world For decades, financial professionals have done their best to sell customers on their Wisdom Whether its the pinstripe suit, the knowing smile, or the self satisfied advertising slogan one company referred to itself as Rock Solid, Market Wise , your typical broker, money manager, or financial planner has striven for an image of success, intelligence, experience, respectabilityin a word, Wisdom And for decades, theyve been making a fair amount of money off of fools You know about fools You might even have been one yourself at some point Ever bought a stock on your dentists recommendation with only a vague understanding of the companys business model Or have you plunked down your money for shares of an under the radar business because an email in your inbox breathlessly proclaimed it a cant miss opportunity bound to double from 0.04 to 0.08 because of CANT MISS catalysts How very foolish of you Or what about the time you snapped up shares of the International Dashed Hopes Load Fund just because your broker said it was the top performer in its category last year Terribly, terribly foolish And the financial establishment thanks you Fortunately, you dont need to be the one who provides the funds for other peoples dreams Its possiblenow than everto make informed, intelligent decisions that will help you make the most of your financial future The Wall Street Wise would have you believe that A Fool and his money are soon partedwe get that a lot But in a world where than eight out of every ten mutual fund managers lose to the market averages, year in and year out, how Wise should you aspire to be In what other realms could such a paradox exist that the paid professional can do no better thanin fact, cannot even do as well asdumb luck And yet, in few other arenas are the trappings of the profession so enmeshed with the job itselfmassive desks, expensive suits, gold cufflinks, precision watches You be the judge of whether those accoutrements are designed to impress, intimidate, or overcompensate for their underperformance And that got us to thinking, working out of a far from glamorous 12 by 8 foot backyard shed all those years ago, that we should just go ahead and call ourselves Fools, since our attitude and approach to life were so radically different from what was being passed off as Wisdom all around us So we launched the very earliest iteration of The Motley Fool, taking the name from an admittedly nondescript quotation from Shakespeares As You Like It A fool, a fool I met a fool i the forest, a motley fool Wed always loved Shakespeares Fools they amused as they instructed and were the only members of society who could tell the truth to the king or queen without having their heads lopped off The Motley Fool began as a monthly newsletter distributed to a very lets call it exclusive membership base The printed newsletter soon transformed into a daily feature in the early days of America Online, when users paid by the minute they spent in our community From those humble beginnings, the Fool has become one of the premier financial destinations online, with millions of investors reading our free analysis and advice, conversing in our community, participating in our stock picking game, and performing their research in pursuit of winning stocks The Fool now offers a suite of premium services catered to different investing styles, mutual funds that follow our Foolish tenets, and even a wealth management business for those who love our style and advice but want to leave the heavy lifting to someone else And The Motley Fool continues to seek new avenues to achieve its mission to help the world invest better Our goal was and is very simple beat the market and show others how to do itwhether thats a teenager deciding how to invest the proceeds from her summer lawn mowing business or a savvy, seasoned investor who wants to profit from advanced options trades In our decades pursuing this goal, weve enabled millions of people to invest their own moneywithout the help of Armani suitsand set a course to the financial future they seek Our approach is best characterized by our general disinterest in, and mild disdain for, conventional wisdom For example, the Wise will encourage you to invest your money in loaded mutual funds This double dip enables them to charge you for that advice and then charge you on an annual basis for the funds management fees We, on the other hand, are telling you to buy stocks They might tell you, All right, take on that risk of stocks, but only buy the very safest ones Or, alternatively, some brokers will try to sell you a collection of rinky dink shares of penny stocks, dubious entities with an even dubious likelihood of ever paying off And many brokers, once youve entrusted them with your savings, will quietly rotate you into and out of investment vehicles, maximizing their transaction fees but not your profits We want you to buy shares of great companies, sprinkle some volatile growth stocks in with an array of blue chips, and skip the penny stocks altogether Then hold those stocks for the long haulthink decades, not days We espouse this approach for one simple reason it works Going back through history, youll see that the stock market is pretty close to a sure thing, if you have the proper timeline no day trading and temperament no panicking From 1871 through 2012, holding periods of a single day were essentially a coin flip52 percent of those days earned positive returns But investors with longer horizons fared much, much better Eighty eight percent of ten year holding periods were positive, and this is not a typo 100 percent of twenty year and thirty year holding periods made money In pretty much any comparison between stocks and other asset classes, stocks win According to a Credit Suisse study of the twenty eight markets it tracks, stocks outperformed bonds, which outperformed cash in twenty seven of them by a wide margin Chinas the only exception, and thats because the country literally burned capitalistic symbols to the ground under Mao Zedong In short, stocks beat all other asset classes around the globe In addition to our contrarythough commonsenseapproach of buying and holding stocks for the long haul, were also encouraging you to consider a range of options trades, including shorting stocks, an attempt to profit off the decline of a stock rather than its rise It is possible to use options Foolishly, allowing you to generate extra income or giving you the option to own a stock you like at an even better price Fear not, well discuss these concepts later in the book, in terms that are neither exceedingly complicated nor scary To us, if youre an advanced investor for whom the stock market is than a passing fancy, we believe you should at least consider the potential advantages of maximizing your returns in a way that matches your timeline and your temperament And the list of our outrageous beliefs goes on It is capped by the very idea that you should manage your own money yourselfthat you are the individual most personally invested in your financial success and, therefore, are the one best suited to make your money decisions To many segments of the financial services industry today, this idea remains about as logical as a financial services company calling itself the Fool In what follows, then, we hope to help you, and the world, invest better, giving you the confidence and the knowledge you need to succeed as an individual investor But first, we should introduce ourselves WHO WE ARE AND HOW WE GOT HERE Were David and Tom Gardner, brothers and the founders of The Motley Fool When we were young, we learned the core concept of investing thanks to chocolate pudding On trips to the supermarket, our dad would tell us, See that pudding We own the company that makes it Every time someone buys that pudding, its good for our company Our childhood family vacations often included visits with the chief financial officers of companies based in the cities we visited We didnt always understand our dads conversations, and they cost us a few afternoons that would otherwise have been spent in a hotel swimming pool, but those visits set us on a path to understanding that businesses are only as good as the people who work there Years later, we began investing on our own, taking charge of the stock portfolios that our parents had started for us when we were born For many casual investors, it takes a lifetime to overcome all the most common obstacles to investing in stocksnot knowing how to get started believing they dont have the time, money, and ability to do it themselves a willingness to settle for the seemingly safeyet often underperformingcomfort of mutual funds Thanks to the foresight of our parents, we were fortunate enough to skip past that preamble of doubt Our very first purchase was shares in a trucker called Leaseway Transportation long since acquired by a larger company Using a few elementary measures, we had culled the stock from the pages of Value Line, then a seven inch thick investment research monstrosity, a format that with the advent of online tools is about as common and timely today as ticker tape We cant recall the exact rationale for the purchase, but one hot summer, we watched with awe as shares climbed from 26 to 42, where we took our profit In retrospect, the process of discovering and researching that potential investment left something to be desiredhardly our most inspired workbut it left us with a lesson that endures If youre willing to take a risk, and youre open to continuous investigation and exploration into the world around you, you can enjoy tremendous financial success in the stock market without paying the Wall Street Wise for the privilege Weve learned a lot since then, and today we welcome millions of readers to Fool.com each month Hundreds of thousands of individual investors have come to trust our advice enough to become members of our premium services In this book, were going to take much of the guidance we provide daily on our site and in our services and break it down to its primary components Rather than pointing you to a couple of hot stocks, we want to give you the tools and tips to build, light, and grow that fire on your own We want to help you help yourself make money This was our intention back in 1993, when we launched The Motley Fool as an investment newsletter Ye Olde Printed Foole, as we fondly referred to it, contained our stock picks, one monthly investment article, and a patchwork quilt of content in keeping with our motley interests We mailed out unsolicited copies to a few thousand unsuspecting peoplewe borrowed some friends and relatives wedding invitation listsand wound up our first month with exactly thirty eight subscribers After publishing twelve monthly issues, we got a sinking sense that not everyone shared our passion for investing But as fate would have it, the burgeoning internet was beginning to connect people in a way previously unimaginable By sharing our ideas and answering peoples financial questions, we could begin a conversation about stocks with people around the world In 1994, we partnered with a small but fast growing service called America Online AOL to friends , providing us greater visibility and reach With our dial up connections and our desire to awaken the world to the benefits of investing in individual equities, we started typing We offered our investment opinions and advice in response to requests from complete strangers, doing our best to provide them with as much information about their own holdings as they could handle In so doing, we discovered some wonderful things like how many people were willing to volunteer their own investment research for the benefit of many and some bad things dont get us started on the penny stock scam artists, who still peddle their false and fraudulent get rich quick schemes to starry eyed investors today Within a few months, our little gabfest had grown into the most popular financial discussion on AOL, so we shuttered our monthly newsletter and took our show online We were interactive and timelier, and we didnt have to run to the neighborhood Kinkos and lick dozens of stamps each month Before long, and with the help of a feature in the New Yorker, word started to get around, and soon we were AOLs most frequented service in Personal Finance People were buoyed by the idea that they could do it on their own And it didnt hurt that our Fool Portfolio, a real money portfolio invested exclusively in stocks, rose 11 percent in our first few months online, while the Standard Poors 500 or the SP 500, the index used most frequently to track money managers stood flat We closed our first year up 59 percent, almost 40 percentage points ahead of the market Not so surprisingly, a lot of people were signing into our area to find out what we were up to It turned out our strategy for finding and buying shares in great companies, with the help of our growing community, was working The greater the success of our investments, the Fools came to the forum And that itself led to better performance As the shampoo bottle says, Lather, rinse, repeat In the ensuing couple of decades, our business has changed in ways large and small as we continually strive to educate, amuse, and enrich individual investors like you We have offices around the world, tackling the specific challenges and opportunities that are present in different countries From our home office in Alexandria, Virginia, we publish a slew of investing articles each day on our award winning website, with our talented stable of writers and analysts sharing the news and their views on individual companies, the market as a whole, and advice for making the most of your money Our groundbreaking CAPS stock rating service provides insights into what than fifty thousand Motley Fool community members as well as than one hundred professional Wall Street firms think about the stocks that investors own or are investigating Those players whove earned the best track records carry the most weight in a stocks CAPS rating We now feature hundreds of vibrant discussion boards, where newbies, individual investors, and industry experts together can weigh in on the prospects of a particular company, where users offer their best advice on living below your means, and where retirees share their successful stories of leaving the workplace long before they hit the official retirement age to name just a few of the most popular boards Weve written a shelf full of bestselling books, we produce several binge worthy podcasts, we boast a weekly radio show that airs on dozens of stations around the country each week, were a mainstay on voice activated devices like Echo and Google Assistant, and if you flip your television to the financial news channels, youre bound to see one of our analysts sharing his or her insights And if youre the type who would prefer someone to do it all for you, well, weve also built a wealth management business to do just that Coming full circle to the early days of the Fool, we also offer a stable of newsletter services for investors who are interested in paying an annual subscription membership for access to a team of analysts who put their heads together to come up with their best stock ideas Some of them focus on a particular style of investing dividends, growth, etc some of them feature real money portfolios that members can follow along with at home some dive into advanced investing styles, like options a strategy that well explore later in this book But these arent your fathers newsletters They offer far than those early pages of printed text ever couldin fact, we prefer not to even call them newsletters any, and in a nod to technology, we no longer print and mail them to our members though theyre easy to print at home, for those who prefer In all of them, were shooting to better meet the needs of the hundreds of thousands of members who have decided to put their trust in us, and were constantly refining our strategies for finding stocks that beat the market And its worked out pretty well for the folks who have chosen over the years to follow our advice We dont want to brag, so well just borrow a quote from a 2013 report from the venerable Mark Hulbert, who has tracked the advice of financial newsletters since 1980 Consider this The three top spots in the Hulbert Financial Digests five year rankings of than 200 investment advisory services all buy and hold quality companies Remarkably, all three are subscription newsletters published by the same advisory firm, The Motley Fool in Alexandria, Va. Fool Stock Investing Advice Research The Motley Fool provides leading insight and analysis about stocks, helping investors stay informed The Wikipedia is a multimedia financial services company that advice for through various stock, investing, personal finance Alexandria, Virginia based private was founded in July by co chairmen brothers David Gardner Tom Gardner, Erik Rydholm, who has since left the YouTube Time tested investing basics educational videos, expert consumer market analysis, as well stocks to watch now buy long themotleyfool Twitter latest Tweets from Helping world invest better VA Home Facebook dedicated Founded Motley NASDAQ building s greatest investment community Scorecards helps millions of people attain freedom our website, podcasts, books, newspaper column, radio show, premium Discussion Boards Work Fools Winner Washingtonian great places work, Glassdoor Company For Have access all TMF online email products FREE, be paid your contributions Click link start career Canada Dec , I consent receiving information via email, direct mail, occasional special offer phone calls understand can unsubscribe these updates at any time cap weighted index measures performance largest ideas Every included incorporated listed USTom West End Gallery Artist Biography Born Upstate New York, Finger Lakes Region, been drawing painting he remember He won awards National Academy Arts, Arnot Art Museum, Roberson Museum American Magazine among many others A Major Announcement From Hanks Enigma World Most Intriguing Movie Star on FREE shipping qualifying offers In spanning years, cemented his position one finest actors generation With an array stunning performances blockbusters diverse Big Members Roll Call Covering Capitol Hill Since providing Washington, DC news, objective facts along with coverage political campaigns elections News Release Downtown Rochester Cuts Ribbon Seneca US Sen Chuck Schumer Mayor Thomas Richards today joined Pike Chairman CEO Judson Windstream President Jeff officially celebrating completion Building reconstruction project first development take hold Midtown Rising site About Fool Investment Guide How Beats Wall Street Wise Men And You Can Too Making Sense Todaythe Fully Revised Expanded Edition Bestselling Today moved York City, where made film debut low budget slasher Knows re Alone landed starring role television movie Mazes Monsters Early year, cast lead, Callimaco, Cruise returned Ethan Hunt second installment Mission Impossible films, helmed Hong Kong director John Woo branded gun fu style, continued series blockbuster success Agenda LDC Gas Forums Project Updates Part Northeast Midstream Is Region Debottlenecked Yet The Motley Fool Investment Guide: Third Edition: How the Fools Beat Wall Street's Wise Men and How You Can Too

 

    • The Motley Fool Investment Guide: Third Edition: How the Fools Beat Wall Street's Wise Men and How You Can Too
    • 3.1
    • 252
    • Paperback
    • 305 pages
    • B01M4QEGG2
    • Tom Gardner
    • English
    • 06 May 2016

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