Hello and welcome to our community!

[joshuat]

NB: My library carries free subscriptions to things like Value Line. I have to drive to the library to use it - they don't let you log in over the internet (which they do allow for other financial services), but I'd rather do that then pay for a Value Line subscription. Check out what is available in your area.

[jessho]

All great recommendations. Thanks to all!

[pintodave]

Just wanted to say 'thanks'! Slick site!

[JayC]

I have since attended the 2-hour free INVESTools seminar and have taken them up on the 1 week on-line training period for the 2-day Training class. My impressions: If you read Phil's book and have already started paper trading some R1 stocks and you don't want to quit your day-job to become a full time investor ... $1000 for training + $50 a month for the service seems like too much. Phil covers most of the material you need to get started. To their credit, INVESTools puts all the data at your finger tips, but if you are investing the "whole egg" and just watching it, does one need that level of automation?

To each their own, but I don't see the value of the tools for my situation and level of knowledge and understanding. Now I may change my mind after I delve deeper into their Options course.

FWIW,
Jay

[dnystwn]

cool stuff.

A suggestion: maybe allow user to use his own growth rate and EPS in addition to the PE?

[leanmass]

Gents and Ladies,
On the front page of the book, there is a ringing endorsement from Jim Cramer, manic host of "Mad Money" that this book is "The clearest and best book out there to get you on the path to riches. This one's special". Phil Town also returns the compliment several times in the book stating the Cramer is a smart guy and the such. Yet, the investment styles of two seem radically different. Although it's painful for me to watch Mad Money, I've done Rule #1 analysis on several of Cramer's recommendations and not a single one passes the test. Either they are priced well above MOS or they don't have the requisite Fundamentals history. I was just trying to figure out your perspective on Cramer vs. Town. Do any of you use Cramers recommendations in your "Risky Biz" profile? Cramer's net worth is reportedly over $100 million so he must be doing something right...but I can't reconcile his style with what Town teaches in his book.

[richpauir]

There's more than one way to make money in the market. Day trading as well as value investing can both be profitable, as long as you understand the assumptions. If a particular technique weren't profitable at least some of the time, it would have been abandoned. I like to watch Mad Money, even though I'm more inclined to the value investor strategy. Thus I wouldn't jump on most the stocks Cramer recommends. I do, however, enjoy learning about other opinions and techniques. If you close your mind to other possibilities, you will miss important information and advice.

The fact that we're in a bull market also helps validate almost anyone's technique for profiting on the market.

[leanmass]

Thanks. I appreciate the perspective

[Gooned]

I listened to this book on CD and borrowed from the local library...FREE! It was quite entertaining, given that Cramer was not only the author but also the reader. On a side note, local libraries often provide a nice selection of books on CD, many of which are focused on personal finance and investing (Rich Dad, Poor Dad; The Millionaire Next Door; etc.). If you spend a lot of time in your vehicle you may want to listen to a few books instead of the radio routine.

[eliavlev]

Thanks for the comments.
Will upgrade the site in the near future.