Item description for Safe Strategies for Financial Freedom by Van K. Tharp, Doyle Rayburn Barton & Steve Sjuggerud...
A common sense rules for protecting portfolios without biting into profits.
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Est. Packaging Dimensions: Length: 1" Width: 4.75" Height: 5.5" Weight: 0.46 lbs.
Release Date Apr 25, 2005
Publisher American Media International
ISBN 1932378669 ISBN13 9781932378665
Availability 0 units.
More About Van K. Tharp, Doyle Rayburn Barton & Steve Sjuggerud
Van K. Tharp, Ph.D., is an internationally known consultant and coach to traders and investors, as well as the founder and president of the Van Tharp Institute. He is the author of multiple bestselling books on trading and investing, including Safe Strategies for Financial Freedom and Financial Freedom Through Electronic Day Trading. Tharp is a highly sought-after speaker who develops courses and seminars for large banks and trading firms around the world. He has published numerous articles and has been featured in publications such as Forbes, Barron's Market Week, and Investors Business Daily.
Van K. Tharp currently resides in Raleigh, in the state of North Carolina.
Reviews - What do customers think about Safe Strategies for Financial Freedom?
Helps you build a trading system Jul 11, 2008
I bought this book because I had read a bunch of great articles in magazines by Tharp. I expected to hear a bunch of stuff about psycology in trading and that kind of stuff, but Tharp spends most of the effort telling about how to create a trading system that will guide your trades. He covers money management, risk management, and how to develop trading rules for your personal style. I wish I had read this book years ago when I began trading, but hey, I've got it on the shelf now. Great reference for both new and experienced traders.
Well written, Great organization of concepts May 24, 2008
For the serious student in the field of personal finance, this book is actually written for someone above a 3rd grade reading level. Well organized, it is a progressive study of the various areas of personal wealth building, calling upon the expertise of authors for different topics. This is a must for any investor's personal library.
Very Good Book! May 25, 2007
Great book for starter investors or for those who want to understand the market!!!
If you want to get your finances in order...read this book first.. May 11, 2006
I have read Van Tharp's first book, "Trade Your Way To Financial Freedom" and made a glowing review of that book....this book isn't a trading book (even though it introduces the concepts of Position Sizing, and Expectancy) ..but more of a general personal finance book...Instead of teaching you how to trade stocks...it teaches you how to trade mutual funds, and general real estate concepts (that you should look into more if you want to go that route, it'll be foolhardy to jump into real estate learned from only that book). It also tells you how to get yourself more familar with today's economy. Not only it teaches you how gets your finances in order with debt reduction and asset reallocation techniques, it shows how to protect your growing wealth and teaches your children how to start saving as well!! I wish this book was written decades ago...I'd be so much ahead...
This is the only personal finance book that gives you all the tools you need to help you go in the right direction..
A Foundational Element of Your Personal Financial Plan Apr 5, 2006
Safe Strategies for Fiancial Freedom is by far the best book that I have found on the process of achieving/preserving wealth and finding financial freedom SAFELY. Virtually all of the other books on these topics are Ra-Ra pep talks with few substantial tools, or they are directed at giving you a Holy Grail system. If you are looking for a Holy Grail then you need to realize that there are no Holy Grail Systems, purchase Dr. Tharp's other works, work on yourself, develop your own systems, and read this book. If you are looking to take control of your personal finances, protect and grow your capital then start here.
Of Dr. Tharp's many works, this is the most approachable (and is very approachable) for the average person, and it is very informative for the sophisticated investor. It provides a great foundation in assessing your financial picture, your responsibility for yourself and how your beliefs effect this, the components of a complete system for investing, risk control, assessing your system, the big picture of finance, and approaches to different investment catagories. At the core is Dr. Tharp's belief that whatever you trade or invest in needs to fit you. Fitting you means matching your beliefs about yourself, money, and the markets be they stock, bond, curreny, real estate, or baseball cards. If you do not believe that you can be financially free, you are not going to be. There are extensive tools provided to assist you in developing a target and game plan, continually assess where you are, what the big picture is doing, and where to find opportunity.
Unlike Dr. Tharp's previous books, this book gives you systems (sets of rules) to use. You need to decide if these fit you and your goals. If these recepies are not quite right for you, you can adapt them. Back testing of systems is discussed, and the limitations of back testing systems are elucidated. There is an extensive discussion on how to improve this limited information through simulating your system and how the information gleaned from this exercise can inform your decisions regarding Risk and Position Sizing. Risk and Position Sizing are also thoroughly discussed as these are THE KEY to reaching your goals in terms of gains and smoothness of your equity curve. The classic Tharp marble game is presented and gives you a true feeling and experience of how position sizing can dramatically effect the results of your system. These concepts are critical to turning your investing (or non-investing) into something "safe" instead of "risky".
The information in this book will repay you many times over the cost of the book and your time to read and implement its information. Read this book! Have your kids read it. Give it to family and friends, and you will be doing something to improve all of their lives. Safe Strategies for Financial Freedom Deserves a 7 out of 5.