Top critical review
12 people found this helpful
Must have read the wrong book....
on 17 March 2009
This book was entirely too textbookish for me, rather than simplify the stock market it continued in the typical way of lecturing the reader (me!) and did so in such an unhelpful academic style.
I, frankly, do not understand how the other reviewers could possibly think this was a useful book , especially given the title. It was not a 'Step by Step' anything. And it was incomplete and perhaps a little inaccurate to boot.
It never mentioned using an execution only online trader - instead it advocated getting a broker (perhaps the most expensive way to trade). It also never mentioned self-select ISAs that enables the private investor to manage their own tax efficient investment vehicle.
It is perhaps the worst introduction I could have had.
Fortunately, I hedged my bets and bought 'The Naked Trader' by Robbie Burns at the same time and I have to say that was an infinitely better book for me. By the time I was halfway through it - I had experienced a '2 weeks in the life of a trader' without the airs and graces.
The 'Naked Trader' style was much more friendly and supportive - written as though the author was sitting with you in a pub giving the lowdown on how to do this, the pitfalls and really useful tools to help you get started. He breaks all the complex stuff down with great real life examples form the market that he actually traded. Definitely, the ordinary bloke's guide to sustainable and profitable investing.
I hope this gives a more balanced view of the book compared to the other reviewers. I ultimately returned the 'Investing in Stocks & Shares' book back for a refund - it was that bad!