Conference nyoss1::market_investing

    
      I've been meaning to put this in here for a while.
    
    
        Two books to recommend with a few comments.  Both are by the
    authors Stephen Pollan and  Mark Levine.
    
    
         YOUR RECESSION GUIDE  -  Pretty much specific to this recession,
    came out end of last year but very relevent.  I wanted to list the
    chapters for these two books but have already returned them to the
    library.  It goes into assessing your job security, reaffirming your
    job committment, what to do when laid off, how to negotiate severance
    pay and others before leaving premises, raising cash in emergencies,
    finding new jobs then going on the offensive, buying a home in a
    recession, starting or expanding business during recession, and several
    other good sections I probably forgot.  A great book for novice
    investors, might be a little simple for some of you sophisticated
    types.  I especially like the part about what to do specifically if you
    are tapped on the shoulder.  Haven't seen that anywhere else.
    
       Also, THE BUSINESS OF LIVING by the same authors.  Many, many,
    topics covered that you don't usually hear about.  Here's a few I
    can remember:  interviewing professionals, finding a Cpa/Lawer/Realtor,
    how to figure what you can afford for a home, how to negotiate prices
    on cars and homes, and many others(like about 50 subjects) that I can't
    remember.  If you read the index it'll start you thinking and even the
    real sophisticated investors out there will find a section or two they
    haven't seen covered before.
    
         The one big thing I didn't agree with these authors on in both
    books is their attitude to sell all assetts, eat canned food, stay home
    all the time, whatever is neccessary to buy a home.  Thought they took
    it too far.
    
    Have fun
    Tim

    Title:	Dun & Bradstreet Guide to $Your Investments$ 1992
    Author:	Nancy Dunnan
    Publisher:  HarperPerennial
    ISBN:	0-06-273118-1
    Cost:	US $15.00
    
         This book is usually published each year in December.  This is the
    second year I have purchased this book.  I originally purchased the
    book because I wanted to learn all the different aspects and terms of
    investing.  So, as a starter primer, I found it great. Now that I have
    a year of reading and listening to financial media, I find it an
    excellent reference guide to review and keep my investment thoughts
    fresh.  I would highly recommend it to a beginner/novice and the
    seasoned professional should check it out at the book store or library.
    
    John

    I saw a book at the mall yesterday that was selling for $1.00 brand
    new, the book title is INVESTING WITH THE INSEDERS LEGALLY. By Aaron B.
    Feiger, CFA.
    
    Has anyone ever read or heard of it before?
    
    I didnt buy it but for $1.00 even if it was a dog book not much wasted
    expense wise. I'm somewhat a beginner Invester so I dont know much on what
    to read for begginers other than what has been suggested in this notes
    file.
    
    Any comments welcome.
    
    Frank
    

    
    I have an extra copy of two excellent books:
    
    	Winning on Wall Street		Marty Zwieg
    
    	Market Logic			Norman Fosback
    
    15$ for the Fosback book, 10$ for the Zwieg book
    
    /Jim
    
    p.s.  they're both excellent books.
    

	Am looking for the following:

	"Options, Strategies for Investment" or a similar sounding title.
	The author is ?? McMillan (sorry for the lack of details, but I have the
	exact name at home). My public library does not have it, and they can
	not find it from other public libraries as well. 

	Does anyone have a copy that I can borrow for a few days? Or, a pointer
	to where I can find this book.

	TIA.

    Amit,
    
    McGraw Hill has a huge basement bookstore in midtown Manhattan and they
    are almost sure to have it. I have their number at home, if you are
    interested.
    
    Raja

I'd like to suggest another book which would be informative for the novice and 
fun reading for the more knowledgeable investor.  The book is "A Random Walk 
Down Wall Street" by Burton Malkiel.  

	This book is divided into several sections and begins by explaining the 
history of "exchanges" by anecdotally relating stories of the "Tulip Bulb" 
frenzy of old Holland and the "Bubble" scams of England.  Mr. Malkiel goes on to
explain how todays markets work and take the mystery out of such concepts as 
options and indexes.  The book concludes with his "Life Cycle Guide to 
Investing" which suggests ways to decide upon risk levels and investment 
strategies for specific goals depending upon ones stage in life.  

	Mr. Malkiel is a professor of finance at Princeton University and has 
been writing this book since (I believe) the mid 1970's.  The latest edition is
the 5th (unless the 6th is out already)  Each new edition is adjusted to the 
changing marketplace so that obsolete strategies are replaced with more current 
ones.  Malkiel is a BIG fan of Index Mutual Funds and this attitude is reflected
in the book.  He explains that, for the small investor, these funds provide 
superior diversification to individual stock purchases and that very few 
"specialty" funds can match the long term return of the "market" as a whole.

	The book is easy reading and lists for $14.95 (paperback).

    There is a reasonably new investment theory called "Modern Portfolio
    Theory" by Marcowitz and Sharp.  They are said to have won a Nobel
    prize for this theory.  In short, it says that the allocation of funds
    among asset classes is far more important than selection of individual
    investments.
    
    Does anyone know of a book that explains this theory and its
    implementation ?
    
    Thanks,
    
    Doug

    
Actually the theory is not that new. Checkout his article in the 6/91 issue
of the Journal of Finance.  The article is titled "Foundations of Portfolio
Theory".

It deals with returns on investment under uncertainty.  If we knew with
100% certainty the expected return of all possibility investment
strategies, then answer is simply the one with highest return. But
that's not case.

The math in the article is fairly heavy but it's worth reading.

Gim

                                        
    

    re: .5
    
>	"Options, Strategies for Investment" or a similar sounding title.
>	The author is ?? McMillan (sorry for the lack of details, but I have the
>	exact name at home). My public library does not have it, and they can
>	not find it from other public libraries as well. 
    
    	The book is called Options as a Strategic Investment by Lawrence
        McMillian, C 1980, published by NY Institute of Finance. It's an 
        excellent book.
    
    

    "Options as a Strategic Investment" by Lawrence MacMillan was updated
    to a second edition in 1986. It really is a great book!
    
    It can be ordered directly from the New York Institue of Finance
    by calling (212) 344-2900. It costs $44.95 with a $2.00 shipping
    and handling charge.
    

    
    My first time in this file since INVESTING split.  Since no one else
    has mentioned these, I thought I would...
    
    "Technical Analysis of Stock Trends", by Edwards & Magee.  Considered
    by many to be the Technical Analyst's "bible", it is a classic and imo
    "must reading" for anyone interested in TA.  This book can be ordered
    from the publisher, Magee Publishers, Boston.  It's expensive -
    around $65 (imo, worth every penny). 
    
    Another good TA book is "Technical Analysis of Futures Market" by John
    Murphy.  It expands TA beyond Edwards & Magee, and includes many
    statistical-oriented tools such as moving averages, oscillators,
    computer-based analysis, etc.  Applicable to stocks as well as futures.
    
    I'd also recommend an audio tape offered by Investor's Business Daily,
    named (I think) "How to Make Money in Stocks" by Wm. J. O'Neil.  There 
    is also a book version.
    
    For pursuing graphic TA analysis, a sub (trials are avail.) to O'Neil's
    service "Daily Graphs" is in my opinion indispensible.  This also is
    expensive (but, again, imo worth it).
    
    For those interested in a beginner's book on Fundamental Analysis, "How
    to Buy Stocks" is excellent.    Unfortunately, my copy is at home and I
    forget the author's name, but it can usually be found in general book
    stores in paperback.
    
    - Phil

    
    There was a book mentioned in the old Investing conference, that
    apparently is out of print. the book is "Guide to Computer Assisted
    Investment Analysis"  by Riley & Montgomery, published by Mcgraw-Hill.
    
    Does anybody know if another edition/reprint is planned. Or can anyone
    suggest a good book about developing Technical Analysis Software.
    
    Ferdy

Paul Balich
CSCMA::BALICH (Preferred)
Dtn 237-7028

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o How to pay for your child's college education :
   - Where, when, and how to apply for grants, loans, and all types of
     scholarships.
   - How to calculate what the college will expect from you.
   - How to evaluate financial aid offers.
   - How to take advantage of various forms of assistance.
  
o How to protect your family with insurance :
   includes: Life, medical, disability, auto, and homeowners.
    - Do you know exactly what protection you're getting with each of those
      policies ?
    - Do you have enough coverage ?
    - Are you paying for unnecessary coverage ?

o How to buy your first home :
    - How mortgage lenders decide how much you can borrow ?
    - How to decide what you want and need in a town, neighborhood, and a house.
    - What to look for and look out for in any house.
    - How to negotiate and got to contract.
    - How to shop for the right mortgage.

o How to make basic investment decisions :
    - US government, municipal, and coporate bonds.
    - The stock market.
    - Mutual funds.
    - Limited partnerships.
    - Insurance and annuities.
    - Real estate.

o Planning for a financially secure retirement :
    - Estimating what you'll need in retirement.
    - Deciding what to do about pension options.
    - Covering health care needs.
    - Choosing incurance and assuity strategies.
    - Using your home to provide retirement income.

For some basics on wall street, money, investing etc., I received a book a few
years back from the Wall Street Journal (*free* gift for taking a 3 month
subscription), called (I think) "The Wall Street Guide to Money and Markets".
It's a pretty short book (<100pp) has lots of charts, graphs, pictures, etc. to
explain things.  At the time I was thinking of subscribing to the WSJ, but in
retrospect, as a novice investor, I found this book itself worth the 3 month
subscription costs.

								_Mike

    "The Richest Man in Babylon," written in 1926, is a collection of
    inspiring parables and tales set in ancient Babylon concerning thrift
    and achieving financial success.  I bought it in paperback at a
    Franklin Quest Company store (day planners and all that) for five bucks.
    Might make a good stocking stuffer for a teenager or college student.
    
       Title:     The Richest Man in Babylon
       Author:    George S. Clason
       Publisher: Penguin Books
       ISBN:      0-451-16520-9

Two books mentioned recently:

"The Wealthy Barber" by David Chilton.  A good introductory 
investment "story".

"Personal Finance for Dummies"

    "The Intelligent Investor" by Dr. Graham
    This book was the foundation Warren Buffett used to begin his own 
    system of long term investing in stocks. Also "Buffett" is a
    biographical book on Warren Buffett, good reading.
    
    Quentin