Winning With The Market: Beat The Traders And Brokers In Good Times And Bad

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Winning with the Market, by Wall Street Journal editor and frequent TV financial commentator Douglas R. Sease, clearly presents a positive, no-nonsense investing approach that can be applied during any stage of life with as few expenses or associated time commitments as possible. In the first section, Sease explains why putting one's savings into stocks, bonds, and mutual funds is (and should remain) the best way to meet individual financial goals--and why stock index funds and inflation-indexed Treasury bonds are his vehicles of choice for doing so. In the second section he explains the concept of asset allocation--"a fancy term to describe the process of balancing your investment portfolio among cash, stocks, and bonds to suit your own lifestyle, your financial goals, and your tolerance for risk"--and outlines appropriate mixes for readers in their 20s, 30s, 40s, 50s and, 60s. A final section recommends specific index funds that concentrate on U.S. or foreign stocks in various size and special-interest configurations, and provides locations where accounts can be created to buy Treasury bonds directly. Sease concedes that readers may not beat the market by following his advice, but these suggestions should allow the average investor to match it with relative ease. --Howard Rothman

Book Description

Say good-bye to expensive brokers! Forget gambling on their latest "hot stock," or their junk-bond or high-cost mutual funds recommendations. The results can be disastrous. Instead, veteran Wall Street Journal editor and CNBC commentator Douglas R. Sease shows you how to take back control of your money with a simple, safe, yet powerful investment program that can be tailored to your individual needs.

Writing with the solid backing of The Wall Street Journal, Doug Sease reminds us that many financial services providers try to make investing appear mysterious and difficult in order to justify their fees.

You can use a combination of inexpensive, easy-to-purchase investment vehicles -- stock-index mutual funds and inflation-indexed Treasury bonds -- to build a portfolio that will maximize your returns and minimize your risk. Combining a disciplined savings program with an equally disciplined investment program is a virtual guarantee of success. It puts more money into your investments instead of into Wall Street's pockets. Best of all, Sease shows how to make the most of your money at different stages of your working life.

Winning with the Market shows you how to make the most of you rmoney for a lifetime of successful, broker-free investing.

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The good news of the 1990s was that more individuals than ever before owned stocks, bonds and mutual funds, gaining a stake in a powerful U.S. economy. The bad news was that they were also bombarded by "get-rich-quick" sales pitches from the financial services industry, and tempted by the risks of online day trading and the latest IPO flavor-of-the-month. Now veteran Wall Street Journal editor Douglas Sease contends that the financial world strives to make investing appear mysterious and difficult, when in reality, it's all actually quite simple. His terrific new audiobook, Winning With the Market, explains how to build successful long-term portfolios without having to rely on expensive and unreliable advice from the so-called experts -- financial knowledge to help listeners thrive in today's unpredictable financial market.

Customer Reviews:

The Market made easier...........2002-12-09

Sease seems to me like a man with a good head on his shoulders. He understands the market very well and simplifies it for the average investor. We are all looking to make more money while spending as little as possible and Sease's investment tips are a good start.

He spans the field of investing from those who are interested in high risk stocks to those who wish to invest there money more safely into money markets. The book has tips for every investor, which is both a good and a bad thing.

Sease focuses on a broad scope of savings and investment strategies for the person looking to explore the field. Being this broad, I do not recommend this book to those who look to dig up information on more specific types of investment strategies. There are various books out there to meet the needs of the more narrow investor, but Sease's book is focusing on the entire spectrum to inform his readers of the possiblities that are out there.

To be honest, I read this book for an economics class that I am taking, and initially I was not thrilled. In reading it, however, I have learned much more about the market and investing then I could have imagined. It is a stretch, but I may have even enjoyed the book from time to time.

I highly recommend this book for those who are looking to make the kind of retirement/nest egg/tuition money that they really dream of having. It will allow the average investor to jump into what can often be a very confusing and sometimes scary market. If nothing else you will understand the market better should you ever decide that you would like to try investing.

The Market made easier...........2002-12-09

How can I find another 2-8% of my income to invest.......2001-02-15

Douglas Sease's "Winning With The Market" is good stuff. He seems to have his head screwed on straight -- and his suggestions for how to navigate the shifting currents of the financial rivers seem sound.

The question is: without robbing a bank or playing the LOTTO, how can I find more money to invest wisely in order to really build up as large and secure a financial account as possible by the time I retire? It's a question that troubles me, and many people like me. I'm already trying to sock away as much as possible. I'd like to be socking away more. But how?

After you buy Sease's book, you might want to check out another book by a financial services CEO named Wade Dokken (of American Skandia, one of the fastest growing variable annuity and mutual fund companies). His new book is called "New Century, New Deal: How To Turn Your Wages Into Wealth Through Social Security Choice."

Dokken has a revolutionary premise: you already have more money with which you could invest for your retirement; the problem is that instead of using that money wisely and productively, you're sending it to Washington in the form of your Social Security taxes. Hmmm. Interesting. And frustrating.

But what if you could take 2%, or 4%, or eventually even 8% of the 12.4% you now send to the bureaucrats in Washington, and instead deposit that money in a personal retirement account conservatively invested in, say, stock mutual funds, or TIPS, for example?

In other words, what if you could apply Sease's sound investing advice with Dokken's revolutionary premise on how to scrape up more money to invest? Well, Dokken runs the numbers. They're astounding. You almost have to run them yourself, blink hard, and then run them again. But they're true: if you could invest 8% of your income (two-thirds of your Social Security taxes) in an IRA or 401(k)-like account you could retire with well over $1 million, possibly even more than $2 million. And even if Washington only created 2% accounts, you could still build up an account worth a quarter of million or more.

And the risk, over the long term, is minimal. Why? Partly because the markets have always grown 6-9% annually over the long haul. And partly because you'd be engaged in the ultimate act of dollar-cost-averaging. You'd be investing relatively small portions of money in equities out of each paycheck, every two weeks for the rest of your working life.

Sease is right -- invest what you have wisely and shrewdly.

But Dokken (interestingly enough, a lifelong Democrat) is also right -- turn up the heat on Washington for the freedom to invest more of YOUR OWN MONEY in your own personal retirement account.

Use Savings, Stocks, and Bonds to Meet Your Financial Goals.......2001-01-16

This book is an overview of simple ways to create investment income. As such, it is lacking in depth and documentation found in many narrower books. You will find that you will need to work with these more focused books in order to get the full benefit from this one. The main reason for reading this book is to consider the many sample portfolios for mixes of stocks and bonds for accomplishing financial goals at different ages, with different objectives, and with varying financial obligations.

"Do you want the stock market to go up or down?" Mr. Sease poses that question to help you decide if you are an investor or not. Investors want the market to go down so they can buy cheap. Those who are living from their investments or cashing them out want high prices, because they will be selling rather than buying in the future.

This book provides a good general overview of the role of savings, stocks, bonds, investment brokers, investment managers, financial advisors, mutual funds, public sources of information in helping you make money. Unlike many such books that then espouse one solution for all, the book segments its readers by age, financial obligations, and income to suggest different methods to be used to implement the book's ideas.

The book has a worthwhile goal: "to free you from the tyranny of the financial services industry and the wasted time spent chasing outsize returns . . . ." He has some candid views to share in this regard. "I don't like stockbrokers." He later clarifies this as the full-service stockbrokers.

Basically, Mr. Sease is an advocate of the efficient market hypothesis for financial securities. This means that most people will not be able to outperform the market averages. The track record of professional money managers certainly is consistent with this hypothesis. But you can match the averages cheaply by buying indexed, no-load mutual funds. Almost all of his portfolios have some of these in them. As you get closer to needing the money, he suggests putting money into bonds to protect your principal from the large fluctuations that stocks often experience. He also demonstrates the power of compounding to encourage you to save more and save sooner.

Despite the basic soundness of Mr. Sease's approach, the book itself does have some weaknesses that you should be aware of. Most of these weaknesses seem to relate to trying to cover too many subjects in one slim volume.

For example, the most important thing you can do to be more successful with your investing is to have written goals that you regularly review. These goals should include subjects like housing, education for your children, financial security for your family, long-term health care, and retirement. Some people will also want to include philanthropy and caring for other family members, including parents, siblings, and grandchildren. But that's up to you. Although the book does refer to goals, it does not begin to do so until the middle of the book and treats the goals as though you already have them. My experience in working with successful, educated, high-income people is that almost none of them have written financial goals that they review. For some ideas on how to do this, I suggest you review the excellent material in Charles Schwab's new book, You're 50 -- Now What?

Second, the subject of what you can expect from stocks and the case for indexed mutual funds is made much better than in this book by John Bogle in Common Sense About Mutual Funds. You should take a look at that book. You should also consider the new book, What if Boomers Can't Retire?, to understand the risk of common stocks failing to provide their historical returns in the future.

Also, financial investments are not the best way to build financial security. Books like Rich Dad, Poor Dad make the case for creating investments that generate cash from a young age. In most cases, these investments will either be real estate or businesses. These subjects deserve equal time in a book about investing, but are not considered in this one. In the new book, Rich Kid, Smart Kid, is a fascinating example of how a young man learned this lesson by his father refusing to buy the son a new set of golf clubs. In the process, the son learned how to start his own vending machine business, make investments for his own college education, and let his business pay for the golf clubs. That is a far more powerful paradigm than is presented here.

I agree in principle with almost everything said in this book, but I would not encourage most people to read the book until after they had read the other books I suggested. At that time, the reader will be ready for the sample portfolios in this book which present some interesting alternatives for getting good long-term returns from financial investing with acceptable risk for the timeframes involved.

After you have finished considering the model portfolios in this book, I suggest that you test them for risk by assuming that both the stock and bond markets perform as badly as they ever have in the past. Then look at what you projected returns look like. Imagine how you would feel if you experienced these returns. If you would be disgusted and unhappy, chances are that you are taking on too much risk.

Book Description

Book Description

For the first time in history, everyone -- third World freedom fighters to urban drug dealers -- can communicate in secrecy via unbreakable codes made available by advances in cryptography and computer technology. As the welcome and unwelcome consequences of this new technology begin to dawn on governments worldwide, responses have varied from stringent regulation to laissez fare liberalism. Written by a former General Counsel of the National Security Agency and an expert in cryptography law, The Limits of Trust: Cryptography, Governments & Electronic Commerce explores the policy and legal issues raised by the democratization of cryptography and offers a guide to the ways in which the law of cryptography translates issues of trust into standards for lawful conduct. This book addresses the international regulation of cryptography and digital signatures both in terms of confidentiality (cryptography used to keep secrets) and authentication (cryptography used to verify information). Coverage includes + a description of over 45 countries' policies and laws on cryptography import, export, and domestic controls and digital signature initiatives worldwide; + a concise history of the cryptography debate in the United States from its beginnings after World War II to the recent debates over the Clipper Chip and key recovery encryption; + a presentation of the efforts of the United States government (and others) to build a new national consensus on regulation of encryption; + a description of existing export control agreements and more recent efforts to make encryption systems accessible to the police; + an introduction to the issues pertaining to cryptography policy, including a discussion of the ways in which international forums -- such as the Organization for Economic Cooperation and Development (OECD) and the Wassenaar Arrangement on Export Controls -- have addressed such policy; + a discussion of the importance of cryptography to facilitate electronic commerce with authentication technologies, such as electronic and digital signatures; and + an overview of issues that need to be addressed in developing a digital infrastructure and of the obstacles to electronic commerce imposed by recent digital signature initiatives. The Limits of Trust contains several useful features: + country- by-country summaries of cryptography and digital signature policies; + expert essays from various countries, providing a narrative perspective of the cryptography regime; and + an appendix offering translated and untranslated text of many relevant laws. The Limits of Trust is the first book to describe in detail the responses of governments around the world to the consequences of widespread encryption. This work provides the practical information necessary for lawyers, businesspeople, technologists, and anyone wishing to conduct electronic commerce legally around the globe to quickly evaluate the applicable legal regime to ensure their compliance and to assess whether legal assistance is needed. The Limits of Trust can thereby allow companies to save the expense and interruption of business that may arise from failure to comply with international laws. At the same time, its balanced information on policy, theory, and historical context make The Limits of Trust an important resource for policymakers and academics.

Customer Reviews:

Not bad in retrospectý.......2001-09-20

While reading through other reviews of this book I noticed not only that they were negative as a whole but also that they were all written prior to the (WTC and Pentagon among suspected others) terrorist attacks in the US on 9/11/2001.

In light of the fact that we can see much more clearly now how "ultimate" privacy can be a "not so perfect" thing, and how complete privacy may actually hinder our own safety and security, I imagine this book and the ones to follow will get more balanced reviews.

I also imagine that this book and other works by this author or those with similar backgrounds and views might aid or even guide the many people and organizations that will have to now deal with the true issues of "privacy" in this electronic age.

I thought the author was in his element, though an under appreciated element at the time. Looking at the book again, I certainly still recall my own feeling that this author was on a different side of the proverbial fence than I have ever been. However, his insight is invaluable and in retrospect, even somewhat balanced, and the issues he brings to light are pertinent.

The evolution of thoughts, facts, and opinions similar to the ones found in this book will (imo) be a driving force behind the development of an acceptable solution to the strained relationship between privacy and security which we have all been feeling in one way or another. Not bad in retrospect...

Ludicrous.......2000-06-15

I saw this book at a local bookstore and picked it up, hoping to find an impartial look at cryptography in the new global marketplace. What I found instead was a somewhat Orwellian perspective on information control seasoned with a generous amount of hubris. Baker envisions a future where the plutocrats conduct their business in utmost security, where only those with worthy causes are allowed access to strong cryptography. The first question that comes to my mind is: who will determine which individuals and corporations have "worthy" causes? The government? Lawyers, perhaps? Baker seems much more concerned with the money such a system would put in his pocket than with personal privacy, and it shows.

Chipping away at freedom.......2000-05-21

Mr Baker seeks to justify a policy which will arbitrarily restrict your access to information and privacy. Quite an unpleasant surprise! Combine that with his patronizing tone, and you have a thoroughly unpleasant book.

I returned my copy.

Good old-fashioned lesson in information control!.......2000-04-21

Shame, shame on our Mr. Baker, trying to explain to us the reasons why limiting privacy to those who have "worthy" causes should be the only ones with the means to keep secrets secret. It looks like the bureaucratic "bull" can't keep up with the rest of us. People are fed the notion that "hackers" are individuals who like to promote choas. NOT SO, I SAY! We just like figuring things out. Anyone who reads this, please go and talk to that computer nerd next door, or the geek who works with you.... You'll see, we don't like people who break the law either. BUT THIS! Geeze.........

This book is awful.......2000-04-18

Baker succeeds in his attempt to ruin free commerce in America, and throughout the world. I'm sick of people like himself trying to screw the normal citizen out of more and more money as the corporations continue to issue unrealistic and unfair demands on the public. I definitely disapprove of this trash literature and hope others will be able to see through his lies as well.

Book Description

Recent discoveries in astronomy, especially those made with data collected by satellites such as the Hubble Space Telescope and the Wilkinson Microwave Anisotropy Probe, have revolutionized the science of cosmology. These new observations offer the possibility that some long-standing mysteries in cosmology might be answered, including such fundamental questions as the ultimate fate of the universe. Foundations of modern cosmology provides an accessible, thorough and descriptive introduction to the physical basis for modern cosmological theory, from the big bang to a distant future dominated by dark energy. This second edition includes the latest observational results and provides the detailed background material necessary to understand their implications, with a focus on the specific model supported by these observations, the concordance model. Consistent with the book's title, emphasis is given to the scientific framework for cosmology, particularly the basics concepts of physics that underlie modern theories of relativity and cosmology; the importance of data and observations is stressed throughout. The book sketches the historical background of cosmology, and provides a review of the relevant basic physics and astronomy. After this introduction, both special and general relativity are treated, before proceeding to an in-depth discussion of the big bang theory and physics of the early universe. The book includes current research areas, including dark matter and structure formation, dark energy, the inflationary universe, and quantum cosmology. The authors' website (http://www.astro.virginia.edu/~jh8h/Foundations) offers a wealth of supplemental information, including questions and answers, references to other sources, and updates on the latest discoveries.

Customer Reviews:

good seller.......2007-01-16

I order the book relatively close to the date i needed it for class and got it just in time! Thanks a lot!

Hawley is a genius.......2004-05-18

I took the class given by Hawley and he makes the book extremely easy to comprehend. Granted, he wrote it, the man is a hilarious comedic genius. He makes the concepts in the book very simple, and easy to understand. I've learned the concepts before in this book, and havent fully comprehended it. This book made it all come together. Get it!

A serious yet easy to read book.......2003-07-18

This is a serious yet easy to read book on a facinating and popular subject and its main commendation is its accessibility and rigour. It is an excellent antidote to some of the glossy and expensively packeged books by "pop" writers and TV programmes.

As the introduction of the book makes clear, the authors aim for a wide audience for whom Cosmology is not a core discipline. Not only do they do a good job in meeting this goal, but they also present the physical concepts and experimental results in a way that provides new and deep insights to those whose main interest is Physics. For instance, the discussion of the Big Bang and the cosmic models provides an excellent complement to the mathematical presentation of authors like M.V. Berry. Equally, there is a plethora of material that describes experimental results like those for General Relativity: bending of light under the infulence of the sun's gravity, the Eotovos experiment to demonstrate the Equivalence Principle, etc.

The book covers a broad field: Some historical aspects, Special and General Relativity, the Big Bang and various cosmic models, dark matter, and large scale structure.

The glossary and the authors' web site provide further information on the subject.

foundation s of modern cosmology.......2000-09-21

I got this book from my university library. Pretty easy reading considering I'm an engineering student. But then, this book isn't just for physics/astronomy students, as the authors have mentioned. It starts by giving a brief history of cosmology, continuing to current understanding before going to the current problems. The book is not math intensive as it emphasize on understanding the concepts. That's why it is something like a popular-science book. For those who have an interest in cosmology, consept-wise, I recommend this title. Those requiring intensive math, look elsewhere. The other cosmology book I've read is by Martin Roos.

The backgrounds and foundations of modern science;: An integration of the natural sciences for the orientation of college freshmen,

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The backgrounds and foundations of modern science;: An integration of the natural sciences for the orientation of college freshmen,
Richard Edwin Lee
Manufacturer: The Williams & Wilkins Co
ProductGroup: Book
Binding: Unknown Binding

General | Science | Subjects | Books

General | History & Philosophy | Science | Subjects | Books

Cosmology | Physics | Science | Subjects | Books
ASIN: B00085NM8E

Encyclopedia of Cosmology: Historical, Philosophical, and Scientific Foundations of Modern Cosmology (Garland Reference Library of the Humanities)

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Something about everything...

Encyclopedia of Cosmology: Historical, Philosophical, and Scientific Foundations of Modern Cosmology (Garland Reference Library of the Humanities)

Manufacturer: Taylor & Francis
ProductGroup: Book
Binding: Hardcover

Astronomy | Astronomy | Science | Subjects | Books

Cosmology | Astronomy | Science | Subjects | Books

Solar System | Astronomy | Science | Subjects | Books

General | Reference | Subjects | Books
ASIN: 0824072138

Customer Reviews:

Something about everything..........2004-01-16

Cosmology is a difficult term to define. Scientists, philosophers and theologians use the term in different ways, often roughly referring to the same category of object or idea, but using vastly different methods and tools. If one studies Kant's cosmology, for example, one is studying a vastly different field than if one picks up an astrophysics text on cosmology, such as the cosmology text by Narlikar from which I learned large-scale structures of the universe.

Cosmology, like much of science, was once assumed under the heading of philosophy -- in ancient Greece, for example, the great thinkers, those we classify as philosophers, were often ancient Renaissance thinkers, not separating out according to academic guidelines such as exist today components as being more philosophy or science or history. Thus, any attempt to look at cosmology properly, in its entirety, must begin with the ancients, and must take into account the various fields' contributions and digressions from the subject.

Perhaps first was the more philosophical and religious wonderings about the universe, its origins and its nature, and how things worked within. Included in this encyclopedia therefore are investigations of ancient Greek cosmology, tracing from there through the dominant Western strands of Christianity and the Enlightenment period to both the philosophical school and the physical science/astronomical side of cosmology. Even in the Enlightenment, the cross-currents between Copernican and Darwinian cosmologies and philosophical/religious cosmologies continued, and still play out to this day.

There are articles here that deal with particular philosophers and scientists as they developed their cosmological ideas. One will find articles on people as early as Thales and as recent as Hawking. There are articles on key cultural idea of cosmology, including an extensive essay on Religion and Cosmology; this is not just an enterprise for the physical scientists, as the article on Dante's moral cosmology relates. One will find interesting material in articles such as Egyptian Cosmology, Islamic Cosmology, and other societal contexts.

However, this is primarily a book for scientists, and assumes in most of its articles a familiarity with physics, mathematics and astronomy to a fairly sophisticated degree. Articles on the more recent cosmological constructs, such as the Big Bang cosmology, the Inflationary University, the Steady State cosmology, and other topics are well done. Indeed, the Steady State article was contributed by one of its originators. The philosophical side of astrophysical theories becomes evident in articles on the Grand Unified Theory, the Anthropic Principle, the article on Mulitple Universes, and the article on the Origins of Modern Cosmology.

This is an encyclopedia, arranged alphabetically -- many entries are more like longer dictionary definitions, descriptions and applications of equations and formulae, and treatments of scientific principles often used in astronomy and physics. These are useful beyond the field of cosmology. There is perhaps more philosophy and history here than a typical astronomer would want; there is perhaps more mathematical and physical science than a philosopher or historian would want. Nonetheless, it is a grand text, very complete, with good bibliographic information for major articles suggesting further reading.

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Foundations of the universe, (Library of modern sciences)
Matthew Luckiesh
Manufacturer: D. Van Nostrand Company
ProductGroup: Book
Binding: Unknown Binding

Cosmology | Physics | Science | Subjects | Books
ASIN: B00087ICUK

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