The previous edition of this best-selling classic has sold more than 400,000 copies. Now market guru and Investor's Business Daily publisher William O'Neil has thoroughly updated this virtual rule book for becoming an investment pro. How to Make Money in Stocks offers rational, well-documented guidance for all who want to make smart investments-even people who have never owned stock before. O'Neil explains how to make money reading the daily financial news pages... pick the best industry groups in the market... read charts like an expert and improve stock selection and timing... substantially reduce losses and mistakes... and turn a profit from reading and analyzing the news.
From the school of unemotional investing comes the classic
How to Make Money in Stocks, by Wall Street analyst and publisher William O'Neil. Readers new to securities will find it an excellent primer, one that relies on time-honored indicators such as quarterly earnings, market capitalization, and daily indexes. O'Neil's study of winning stocks stretches back to the 1960s, and he shares his insights here, describing what characterizes a growth stock, when to cut your losses (at 7 or 8 percent, no more), and how to spot a market top.
The techniques in How to Make Money in Stocks are hardly revolutionary, but therein lies their strength, as O'Neil claims his is "a winning system in good times or bad." Investors interested in Net stocks might be disappointed--the author's first rule is that a company must show a pattern of growing profits, which disqualifies many dot coms. (Try Rule Breakers, Rule Makers for a different take.) O'Neil's approach to stocks is, above all, rational, and he pays little heed to market hype.
Those new to investing would do well to read this book before embarking, and even more seasoned traders may find How to Make Money in Stocks a refreshing return to basics. Markets may swing bull and bear, but O'Neil promises to stand firm. --Demian McLean