Hello and welcome to our community!

[JayC]

Originally Posted by rockbadenuff

I bumped into this book, Phil Town Rule #1 and now I'm hooked. Is it really that easy?!!? I'm looking for the Excel software that was developed by ROIC. How can I download a copy of that? I'm from the Pacific Northwest, a transplant from SoCal. It rains alot up here but its really warm this week. It reminds me of home. Any way, Hello and good luck to every one with the 'what it takes to make it' stuff.

No, it's not as easy as Phil makes it out to be :) But this board will help you narrow the search from 14000 to a handful to research. As for the spreadsheet, look at the menau bar across the top of the form. Move your mouse over Downloads and Click on "Automatic Margin of Safety Calculator ... ". But I'm sure you already figured that out.

Jay

[Sionnak]

I just started reading the book and I could feel the blood coming out my nose and ears when I got to the ROIC and other calculations. 15 minutes my butt.....

but thanks to this forum, I already found a couple of great threads to help me along.

[eliavlev]

I have recently launched a beta version of an online Rule #1 calculator. I would like to share it with the forum and would appreciate feedback.
Please try it out at : www.tprices.com.

[indad4x]

requires a login and pswd.

[Rooster]

I don't understand what user p/e means.

[jessho]

Hi there. I read Phil Towne's book while on vacation and have been toying with the idea of jumping into the investing arena for a bit now. I am a stay at home mom and have been looking for a way to use my brains, but time is defintely an issue. Recently, I set aside some time to do some analysis and found it to be a lot more difficult than the book made it sound. I was profoundly confused by yahoo and MSN and how to use all of their tools (mostly the charts). I was beginning to think that the kids had turned my overeducated brain to mush. But, after finding this website, I feel a lot better and am reconsidering jumping in. Thanks for putting in all this work and for sharing with the community. It is at the very least completely fascinating to me.

I have followed a lot of the threads regarding Investools and I am considering the purchase. Does anyone have an opinion about when one should buy it? It seems pretty expensive, but, on the otherhand a whole lot better geared towards this type of investing.

Thanks again.

[AlexG]

don't waste your money, all the stuff in investools can be found on the net for free.

for charts- StockCharts.com - Simply the Web's Best Stock Charts

for 10 years of information- Morningstar: Stocks, Mutual Funds, and Investing

for industry performance -http://bigcharts.marketwatch.com/industry/bigcharts-com/

[JayC]

Originally Posted by jessho

Hi there. I read Phil Town's book while on vacation and have been toying with the idea of jumping into the investing arena for a bit now. I am a stay at home mom and have been looking for a way to use my brains, but time is definitely an issue. Recently, I set aside some time to do some analysis and found it to be a lot more difficult than the book made it sound.

Yeah, that is what I found too. He makes it seems as if any company you are in love with will be ripe for the picking. As it turns out, they aren't ... at least not at this moment in time. So that's part of the equation too ... patience

I was profoundly confused by yahoo and MSN and how to use all of their tools (mostly the charts).

Phil has put step by step instructions for MSN charts and data on his BLOG in the FAQ section. However, the tech team here did an outstanding job with the Excel calculator. Check it out.

I have followed a lot of the threads regarding Investools and I am considering the purchase. Does anyone have an opinion about when one should buy it? It seems pretty expensive, but, on the otherhand a whole lot better geared towards this type of investing.

Thanks again.

My opinion ... don't buy InvesTools until your ROI can pay for it first. What I mean is that $2000 (or how ever much is costs) plus $1200 renewal fees each year is a lot of outlay. besides, you need to get your feet wet trading first. Head over to virtualstockexchnage.com and create yourself a free account. Then find a game (or start your own) and start paper trading. Try it "your" way first, then use Rule#1 to see the difference. it's a bull market right now so "deals" are tougher to find, but this site helps ferret some out. The Excel sheet will help you analyze companies faster, but you still have to meet the 4-M's. Go back and re-read Phil's BLOG from the beginning ... I did and I feel it was time well spent. .

Sorry for the large post ... it's just hard not to get excited about things when the system is working (on paper at least). I made myself invest at least 2 months into paper trading before I touched my newly opened Roth IRA.

FWIW,
Jay

[eliavlev]

The website requires each user to create his account by registering. This was done so each user will have his own backlog of stocks presented to him once logged in for quick access.

The user P/E is a user input of a P/E value to allow playing around with sticker price calculations.

[npg]

Originally Posted by jessho

I have followed a lot of the threads regarding Investools and I am considering the purchase. Does anyone have an opinion about when one should buy it? It seems pretty expensive, but, on the otherhand a whole lot better geared towards this type of investing.

I would not recommend such expense. You get better value for money elsewhere. If you really want the rolls-royce in investment research, then go to Value Line - The Most Trusted Name in Investment Research.

Money much better spent.

A subscription to the outstanding investors digest is also a good idea. Things may be a bit slow at the begin, but you will pick up speed in no time.

Good luck!