Comments on: Book Review: The Brainwashing of the American Investor http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm Building Wealth through Saving and Investing Sat, 20 Mar 2010 14:14:53 -0400 http://wordpress.org/?v=abc hourly 1 By: Recent URLs tagged Freebies - Urlrecorder http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-53872 Recent URLs tagged Freebies - Urlrecorder Fri, 26 Sep 2008 13:17:21 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-53872 [...] recorded first by b0risj on 2008-09-25→ Comment on Book Review: The Brainwashing of the American Investor ... [...]

[...] recorded first by b0risj on 2008-09-25→ Comment on Book Review: The Brainwashing of the American Investor … [...]

]]> By: Recent Book Arrivals http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-32159 Recent Book Arrivals Tue, 22 Apr 2008 03:31:59 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-32159 [...] The Brainwashing of the American Investor by Steve Selengut. The author lost me in the first chapter where he claims that “Trading absolutely always produces more growth in capital, more growth in income, and more inflation insurance than any other strategy”. Right! Fortunately, Million Dollar Journey did read the book and wrote a review. [...]

[...] The Brainwashing of the American Investor by Steve Selengut. The author lost me in the first chapter where he claims that “Trading absolutely always produces more growth in capital, more growth in income, and more inflation insurance than any other strategy”. Right! Fortunately, Million Dollar Journey did read the book and wrote a review. [...]

]]> By: messels http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-23793 messels Mon, 28 Jan 2008 23:43:45 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-23793 i disagree w/ jonahthan's comment. the underlying value of the portfolio may decline when you need the cash (for general cash flow purposes) and if you're solely relying on a rise within the underlying security, the timing may be off. in fact, it could be at the bottom, well below your purchase price, when you need the $$ most. but, if the investment is not merely an appreciable asset but also something that generates income, there's little reason to let it go. i'm not quite following what the author is prescribing [so i should pick up the book], but this is what i'm hearing: go for income stocks but trade them on minor gains. my problem is that if you're trading out on asset appreciation, doesn't that defeat the purpose of having income-holds? besides, some of the holdings i have pay out more than 10% as it is, so the author would [probably] make an exception for that situation. is anything like that addressed in the book that you could speak to? i think a focus on long-term cash flow (for me, not the company) is way more important than wallst. implies since it's the only half-way reliable to make money in the market. is that the "brainwashing" that the author is focusing on? i mean, aapl just went to $200. some poor guy bought at $200 thinking, "well the analysts have $225 as the target, so i'm good to go." that 'investor' is only concerned about asset appreciation. but, if everyone starts selling at the same time (as we've seen) the price drops like a rock. so the asset appreciation didn't occur. (obviously this doesn't apply to traders who are looking for this type of price movement). flaunting "buy" ratings seems like the big-brainwashing at work... i disagree w/ jonahthan’s comment. the underlying value of the portfolio may decline when you need the cash (for general cash flow purposes) and if you’re solely relying on a rise within the underlying security, the timing may be off. in fact, it could be at the bottom, well below your purchase price, when you need the $$ most. but, if the investment is not merely an appreciable asset but also something that generates income, there’s little reason to let it go.

i’m not quite following what the author is prescribing [so i should pick up the book], but this is what i’m hearing: go for income stocks but trade them on minor gains. my problem is that if you’re trading out on asset appreciation, doesn’t that defeat the purpose of having income-holds? besides, some of the holdings i have pay out more than 10% as it is, so the author would [probably] make an exception for that situation. is anything like that addressed in the book that you could speak to?

i think a focus on long-term cash flow (for me, not the company) is way more important than wallst. implies since it’s the only half-way reliable to make money in the market. is that the “brainwashing” that the author is focusing on?
i mean, aapl just went to $200. some poor guy bought at $200 thinking, “well the analysts have $225 as the target, so i’m good to go.” that ‘investor’ is only concerned about asset appreciation. but, if everyone starts selling at the same time (as we’ve seen) the price drops like a rock. so the asset appreciation didn’t occur. (obviously this doesn’t apply to traders who are looking for this type of price movement). flaunting “buy” ratings seems like the big-brainwashing at work…

]]> By: Leveraged Dividend Investing for the Cash Flow | Million Dollar Journey http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-22665 Leveraged Dividend Investing for the Cash Flow | Million Dollar Journey Tue, 15 Jan 2008 07:32:05 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-22665 [...] FrugalTrader05:00 amAdd comment Permalink After reading "The Brainwashing of an American Investor", my mind has been on the subject of investing for cash flow.  As the author states, a [...]

[...] FrugalTrader05:00 amAdd comment Permalink After reading "The Brainwashing of an American Investor", my mind has been on the subject of investing for cash flow.  As the author states, a [...]

]]> By: MDJ’s First Birthday! | Million Dollar Journey http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-19040 MDJ’s First Birthday! | Million Dollar Journey Thu, 06 Dec 2007 07:32:03 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-19040 [...] Copy of a hardcover investing/trading book: The Brainwashing of the American Investor. [...]

[...] Copy of a hardcover investing/trading book: The Brainwashing of the American Investor. [...]

]]> By: Jonathan http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-19014 Jonathan Thu, 06 Dec 2007 01:10:33 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-19014 Interesting, I don't know if I would ever be able to stomach placing my priority on income than the assets value. I've seen some stocks with nice dividends, but I've always taken into account the gain and loss of the asset in relation to any income it generated. Perhaps this is a more acceptable strategy to a person with millions who's looking for income? Thoughts? Interesting, I don’t know if I would ever be able to stomach placing my priority on income than the assets value. I’ve seen some stocks with nice dividends, but I’ve always taken into account the gain and loss of the asset in relation to any income it generated.

Perhaps this is a more acceptable strategy to a person with millions who’s looking for income? Thoughts?

]]> By: FrugalTrader http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18979 FrugalTrader Wed, 05 Dec 2007 17:16:02 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18979 Cross the River, yea, you are right to a certain extend, they have similar philosophies but not exactly the same. For example, Selengut would recommend buying when a strong stock is 20% below it's 52 week high and buy on the way down. Graham would base his purchasing on low ratios of strong stocks. On the selling side, Selengut would recommend selling after 10% profit, where Graham would say to sell after 50% gain or 1 yr (whichever came first). Cross the River, yea, you are right to a certain extend, they have similar philosophies but not exactly the same. For example, Selengut would recommend buying when a strong stock is 20% below it’s 52 week high and buy on the way down. Graham would base his purchasing on low ratios of strong stocks. On the selling side, Selengut would recommend selling after 10% profit, where Graham would say to sell after 50% gain or 1 yr (whichever came first).

]]> By: Cross the river http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18974 Cross the river Wed, 05 Dec 2007 15:54:45 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18974 Sounds a lot, and I mean A LOT, like the Intelligent Investor from Benjamin Graham. Sounds a lot, and I mean A LOT, like the Intelligent Investor from Benjamin Graham.

]]> By: FrugalTrader http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18967 FrugalTrader Wed, 05 Dec 2007 13:32:01 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18967 Len, stay tuned for tomorrows post where you'll get the chance to win a copy. Len, stay tuned for tomorrows post where you’ll get the chance to win a copy.

]]> By: Len http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18964 Len Wed, 05 Dec 2007 13:11:03 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18964 Nice review - Chapters and Amazon do not have this book in stock and the Publisher wants ~$25 to ship to Canada. Nice review – Chapters and Amazon do not have this book in stock and the Publisher wants ~$25 to ship to Canada.

]]> By: FrugalTrader http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18959 FrugalTrader Wed, 05 Dec 2007 12:23:53 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18959 10k, I can't say "no" when publishers contact me offering free books for review. :) Stay tuned, there are more book reviews in the pipeline. 10k, I can’t say “no” when publishers contact me offering free books for review. :) Stay tuned, there are more book reviews in the pipeline.

]]> By: 10kPortfolio http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18949 10kPortfolio Wed, 05 Dec 2007 08:45:29 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18949 You do read a lot of books! At least that is a good thing. What am I doing up? It is almost 1:00am! You do read a lot of books! At least that is a good thing. What am I doing up? It is almost 1:00am!

]]> By: Book Review: The Brainwashing of the American Investor http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm/comment-page-1#comment-18948 Book Review: The Brainwashing of the American Investor Wed, 05 Dec 2007 08:01:05 +0000 http://www.milliondollarjourney.com/book-review-the-brainwashing-of-the-american-investor.htm#comment-18948 [...] Read the rest of this great post here [...]

[...] Read the rest of this great post here [...]

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