Hello and welcome to our community!

[rwins42943]

Hello Folks! New to Rule #1 and this awesome website. I look forward to a rich and rewarding experience with all of you. Show me the money! -Richard

[golfz]

Originally Posted by rule1maine

was thrilled last nov when I read "The Little Book that Beats the Market"...and then I read "Rule #1" and began my own little paper worksheet. You can imagine how thrilled I am now that I have the MOS calculator!!! Lovin' it and makin' $$$$ Thanks to everyone!

Very glad to hear you are making MOOLA via RULE #!. Care to share your winners!

How about the losers as we all have them too. Is it a net sum gain? Might be very valuable basking in your penumbra of sucessful Rule #1 investing.

By the way my biggest gripe with Phil is his non sharing of his own investing history using the rules and techniques IN THE BOOK. I think a notarized or otherwise authenticated history of his investing using Rule #1 over say the last three years is fair as I think we all would agree to that in the interest of full disclosure.

We would then see how the master performed using his own device.

[TradeHiker]

I'm a few months into Rule #1 and have a question for fellow investors who may have found some successful screens using Zacks, Morningstar, or Investools. I've seen the Investools site and might be interested if it appears useful. I am currently on a 14-day trial of Morningstar and feeling it out. But my main site has been Zacks where I am an Elite user following the Focus List as my primary source. I have been looking at some screens on the Zacks site and hope to be 'weened' and on my own research and analysis within the next couple of months utilizing the Rule # 1 methodology. I'd like some feedback on the use-ability of Investools as well as any useful screens using any other sites (especially the free ones).

[Gunnski]

I have checked out most. Morningstar is the closest I have found to a R-1 investing concept. They are very value focused. If you like Moringstar. The Five Rules For Sucessful Stock Investing, by Pat Dorsey is a must read.

I would suggest not kicking a bunch of tires, focus on the rules set out in the R-1 book and use this board. There is no Rosette Stone out there. Its all about rolling your cuffs up and running the numbers. I would use all the other (free) sites as wonderful tools for research! I would not pay for a thing! Except your investment fees.
Have you tried any scans on MSN Money (free)? Happy investing.

[TradeHiker]

Thanks for the post. You've pretty much summed up my thoughts. I've located a Relative Value screen on Reuters (free) which kicks out a lot of names I've reviewed over the passed few weeks. It's a good place to start. I've been using MSN to get my raw data but I suppose I have a lazy streak. That's not R-1, I know, but I've been trying several different strategies over the last few years such as Gorilla Trades, then Zacks Focus - both of which pretty much hold your hand as you follow the leader. I'm a member of AAII which also hosts a 'Shadow Stock' portfolio which is yet another no-brainer. Being fiercly independent I love the number crunching, putting up a MOS, and following my 'first love', technical indicators. This blog is just icing on the cake.

[papagator]

I love AAII for the value. $29 a year is great, but I bought the lifetime subscription, it also includes the companion service Computerized Investing. Both are great for educational purposes. I like the screens on AAII as a starting point to get stock ideas and then do my own research. I also have a Zack's subscription and will not let it go. I do alot of testing (paper trading in a portfolio). Zack #1 are hard to beat. If Zack's gives a stock a 4 or 5 I won't touch it. Rarely buy a 3 but will hold a stock that drops to 3. I'm new to Rule #1 haven't even finished the book but plan to make it a major part of my investment strategy. Back to Zack's, it's a bit expensive but worth the expense to me. You can dicker with them on price, never accept the first offer, they will always come back in 2-3 weeks with a better offer. Had a paid subscription to Moringstar but dropped it. Have had Investools for a couple of years, like Zack's better, but use the options resources on Investools.

[papagator]

About halfway through the book. Came so highly recommended to me. Was a stockbroker for 10 years, 80-90. Retired military. Love investing and talking investing. Have been a Position trader, holding 1-6 months. About 70-30 technical analysis over fundamental. Perhaps the book is going to change that. Previously or currently subscribed to many investment services and software progams. Do alot of testing (paper trading in portfolios) to test different strategies and software and services. Few pass the test. Had one very good investing year but the last two have not been so great. Have only found one strategy that seems to consistently be good for me. Why I don't just stick to that I don't know. As I say I enjoy discussing investing was a stockbroker for awhile and taught tax classes fore H & R Block for several years. Feel free to contact me and we will chat.

[hitone395]

Welcome! Hope you are enjoying the book and the forum.

I have a few questions for you, since you are a former stockbroker, if you don't mind:

What are your thoughts about the book so far? How does it compare to how the institutional companies analyze a company? Do you find that P/E ratios are an important part of whether a company is overvalued or not?


Thanks!!

[papagator]

HiTone, When I was trained, I did not receive ANY training in stock analysis. I was taught what PE meant and that it had some significance. We spent alot of time on options because they could cause the brokerage firm alot of trouble. We covered the different types of orders, what bonds, mutual funds, preferred stock, etc were and how to prospect. The brokerage firm analyst had the responsibility to do all the fundamental analysis. And technical analyst, they were fortune tellers. Since I left the brokerage business in 1991 I was out of the market till 2003. Since then I have been buying all the books, tapes, DVD's, etc I can get my hands on to try and really learn how to invest. As I said I have not been much on fundamentals (basically because I am too lazy to do all the research). Town's book however leads me to believe I can do the fundamental research he suggests and have relatively good results. He is using the same strategies that the greatest investors of all time have used, so who am I to question their approach. That said, I would still rather pay someone to do the research for me and identify the stocks that meet his criteria and then let me do my thing from there. Regarding your question about PE's. Most of my reading says they are not very reliable because companies can cook their books so many different ways to affect their earnings. A recent study I read showed how high PE companies had about the same percentage big winners as low PE companies. My reading has indicated Price to Book and Free Cash Flow are better indicators than PE. I said I test alot, a recent test had excellent results with Price to Book. Any other questions feel free. I am not an expert, my results indicate that, I still have lots to learn. I have probably learned more what not to do than what to do. But I do enjoy "teaching" and helping people when I can. Good luck

[agrigsby]

Hello All,

I'm from Houston, 26, and a rookie investor. I've been watching and reading the site for awhile, and now I'm starting to become more of an active member.

This past sunday I ordered a couple of highly recommended books:
1. Rule #1
2. Security Analysis
3. Financial Shenanigans

I'm really excited to read Rule #1, but I feel it may be best to start off with Security Analysis, then follow up with Rule #1.