The X-Discipline: Financial Independence for the Web-Savvy Investor
()
About this ebook
During the 32-month bear market between March 2000 and March 2003, "buy and hold" advice from brokers and financial advisors failed to stem portfolio losses ranging from 40 to 80%. People lost money for one reason: they failed to sell. There's no safe haven where you can buy a stock and forget about it. Have you lost faith in the individuals and institutions that recommended your investments? Are you looking for a better way?
This rare, realistic book offers a, unique, practical alternative depending on others for advice and to the risks, effort, and time involved in managing a stock portfolio yourself. This book is specific - instead of the usual bland list, the author escorts you into the internals of websites with down-to-the-mouseclick procedures for extracting what you need to make clear-cut decisions. He helps you build two essential (but usually omitted) skills for investing: how to critically read the news and control your emotions.
His disciplined approach to selling works under all economic conditions to protect you against market downturns; yet, the search that yields high-performing low-volatility funds requires only moderately frequent trading and only about one hour a week of your time. The method frees you from the brokers and financial advisors who have not the skills, methods, or incentive to tell you when to sell - and eliminates their exorbitant fees.
With numerous examples and detailed guidance, The X-Discipline shows you how to anticipate market moves by understanding the impact of news events. It helps you resist the temptation to react emotionally when the market gets volatile or turns against you. No longer dependent on others' advice, you can use ultra-discount brokers to trade low cost efficiently-run funds.
Synopsis of the Book
The X-Discipline is organized into four Parts that let you to use it in different ways. If you want to sit down and surf your way through the steps, start with Chapter 1 and work through to Chapter 7. Your first session will take two to three hours, during which you will find the dogs in your portfolio and build a list of potential winners. With repetition, running through the five steps will require only a few minutes weekly. Because it focuses on process, Part 1 is light on explanation. Each Part 1 chapter has a Part 2 counterpart that goes into greater detail on the origin and reasoning behind the strategy and on potential problems. You can read Part 2 sequentially or use it as a reference.
If you want to learn about The X-Discipline before adopting it, begin with Chapter 8 in Part 2. Part 3 has additional studies and time saving information, and Part 4 gives specific procedures for accessing websites. Updates to Part 4, which will change as websites change, are available on www.x-discipline.com
Part 1: Immediate Results!
Chapter 1: Charting Basics describes the use of charts to identify and measure trends, applying a technique used by experienced traders to identify trend reversals, which are key buy or sell signals.
Chapter 2/Step 1: Determine the Market Stage helps you use the trend of the NASDAQ Composite Index to determine the "Stage" of the market, which helps you decide how much of your capital to put at risk.
Chapter 3/Step 2a: Finding Mutual and ETF Winners introduces fund screeners, for exchange-traded and mutual funds. These online applications produce a list of the best performing funds during the most recent one to three months.
Chapter 4/Step 2b&c: Selecting the Best of the Best shows you how to use the relative strength chart application to trade off high performance and low volatility, and how to eliminate mutual funds having undesirable attributes.
Chapter 5/Step 3: Sell - Before You Buy describes planning your exit strategy, detecting failing performance and deciding whether when to sell.
Chapter 6/Step 4: Review the News. News moves prices, and more of your decisions will turn out rig
Paul W. Accampo
DURING a thirty-year career in marketing and sales at Hewlett-Packard, Paul Accampo pursued a passion for investing, reading over fifty books and countless articles. Making his first stock purchases in the 1970's, he immediately learned flexibility, when investors at the time cast off stocks for gold, real estate and certificates of deposit. He and two close friends tried and discarded many investing ideas, growing their portfolios over two decades, while learning to avoid major damage from events like the Crash of '87. PaulÕs extensive travel precluded managing a large stock portfolio. Having limited time, he focused on mutual fund investing, becoming an early "telephone switcher" and an early user of online mutual fund charts. Noting the vast sums lost in 2000, Paul turned his attention to refining and explaining his methods, improving ways to control risk, refining sell criteria, discovering the best websites for obtaining fund data, and understanding volatility. Wishing to pass on the knowledge accumulated over a lifetime to his children and their generation, he has created a method of disciplined investing for Generation X. An accomplished writer and speaker on technical subjects during his HP career, Paul has employed the analytical side of his nature (he holds an engineering degree from the University of California at Berkeley) and his marketing and sales skills to explain a most complex human endeavor in straightforward terms. He lives with his wife, Elaine, in Mill Valley, California, where he enjoys bicycling, skiing and volunteering his time in community activities.
Related to The X-Discipline
Related ebooks
Castles and Moats: Insurance, Investment, and Life Planning Simply Explained Rating: 0 out of 5 stars0 ratingsThe Next Generation of Wealth : Investing Like the Legends - Top Financial Investment Secrets I Mastered From my Mentors Rating: 0 out of 5 stars0 ratingsInvest Wisely Rating: 0 out of 5 stars0 ratingsKey to an Extraordinary Life Rating: 0 out of 5 stars0 ratingsPersistent : Business Basics,Startups, Investments and Mindset. Rating: 0 out of 5 stars0 ratingsProcrastination 101: Embrace Laziness and Level Up Your Life Rating: 0 out of 5 stars0 ratingsYou!! the Next Millionaire Rating: 0 out of 5 stars0 ratingsGrow Your Money Tree: A Beginner’s Guide to Investing Rating: 0 out of 5 stars0 ratingsInvesting in Dividends Rating: 0 out of 5 stars0 ratingsLife at the Speed of Passion: Create a Life of Intention, Purpose, and Integrity Rating: 0 out of 5 stars0 ratingsProfiting from Hedge Funds: Winning Strategies for the Little Guy Rating: 0 out of 5 stars0 ratingsCharisma Improvement: 3-in-1 Guide to Master Charismatic Leadership, Personality Development & Improve Your Charm Rating: 0 out of 5 stars0 ratingsFrom Bad to Worse to Best in Class: A Refugee's Success Story Rating: 5 out of 5 stars5/5Inside The Entrepreneur's Mind Rating: 0 out of 5 stars0 ratingsALL IN: 101 Real Life Business Lessons For Emerging Entrepreneurs Rating: 0 out of 5 stars0 ratingsThe 50 Secrets Of My Success: The Inspiring True Story of a Young Multimillionaire Rating: 0 out of 5 stars0 ratingsThe Wealth of Families Rating: 0 out of 5 stars0 ratingsHow To Use the Power of Positive Self Talk Rating: 0 out of 5 stars0 ratingsThe Science of Getting Rich: Original Retro First Edition Rating: 0 out of 5 stars0 ratingsA Winners Alphabet Rating: 0 out of 5 stars0 ratingsWarren Buffett Secret Life Lessons: Tips and Tricks to succeed in Life, Investing, and Business in Buffett Ways Rating: 0 out of 5 stars0 ratingsWhat To Consider if You're Considering College — Taking Action Rating: 0 out of 5 stars0 ratings5 Success Mantras of Financial Distribution Business Rating: 0 out of 5 stars0 ratingsGetting Started in Rental Income Rating: 0 out of 5 stars0 ratingsPattaya Property and Thailand's Real Estate: How to Buy Thai Condominiums, Apartments, Homes & Villas Rating: 0 out of 5 stars0 ratingsWarrior Entrepreneur - Lessons From The Battlefield To The Boardroom Rating: 0 out of 5 stars0 ratingsHow to Achieve Billionaire Status at a Young Age Rating: 0 out of 5 stars0 ratingsThe Safest Way to Play it Safe While Still Growing Your Money Rating: 0 out of 5 stars0 ratingsSelf-Made: How to Win by Investing in Yourself Rating: 0 out of 5 stars0 ratingsThe Guide to Financial Freedom: How a 24-year Old College Dropout Created a Brand and Retired Young Rating: 0 out of 5 stars0 ratings
Investments & Securities For You
Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Real Estate by the Numbers: A Complete Reference Guide to Deal Analysis Rating: 0 out of 5 stars0 ratingsA Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Stock Investing For Dummies Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Day Trading For Dummies Rating: 3 out of 5 stars3/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Rating: 5 out of 5 stars5/5Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5
Reviews for The X-Discipline
0 ratings0 reviews