| Acknowledgments |
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| Introduction |
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xi | |
| PART ONE Prepare |
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Ken Stern's School of Common Sense |
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3 | (6) |
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3 | (2) |
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5 | (2) |
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Don't Forget to Look on the Bright Side and Keep a Sense of Humor |
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7 | (1) |
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Summary: A Word about the Validity of the Information |
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7 | (2) |
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9 | (10) |
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10 | (1) |
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Ken Stern's Commonsense Rules for Accumulating Wealth |
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11 | (2) |
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OK, Ken, but What about Investing in Stocks? |
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13 | (2) |
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Doesn't Buy and Hold Work Best? |
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15 | (1) |
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Curiosity May Have Killed the Cat, but |
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16 | (1) |
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17 | (2) |
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Shields, Swords, and Strikes: Forming Your Personal Wealth Plan |
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19 | (12) |
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20 | (1) |
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21 | (2) |
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23 | (1) |
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Building Your Personal Wealth Plan |
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24 | (2) |
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Let's Chat about Your Spending Plan |
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26 | (3) |
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29 | (2) |
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It's Time to Gather Acorns and Build Your Personal Board of Directors |
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31 | (20) |
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Be Free of Debt, Increase Savings, and Have Access to Capital |
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32 | (2) |
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34 | (1) |
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It's All about Education and Networking |
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35 | (1) |
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Your New Board of Directors |
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36 | (9) |
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Resources and Watch Dogs for Individual Investors |
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45 | (1) |
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It's Time for a Board Meeting |
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46 | (1) |
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46 | (5) |
| PART TWO The Economy and the Business Cycle |
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The Key to Great Investing |
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The Business Cycle: Your Treasure Map |
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51 | (14) |
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What Is the Business Cycle? |
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52 | (1) |
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Everything You Need to Know about Economics...but No One Can Explain (Until Now) |
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53 | (1) |
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The Phases of the Business Cycle |
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54 | (9) |
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63 | (2) |
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Determining What Stage of the Cycle We Are In |
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65 | (12) |
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Indicators of the Current Phase of the Business Cycle |
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65 | (5) |
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Explanation of Economic Indicators |
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70 | (4) |
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74 | (3) |
| PART THREE Smart Investments |
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When in Doubt, Hedge Your Bets |
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77 | (10) |
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Where to Invest When You Are Not Sure If We Are in a Slowdown or a Recession---and You Will Never Be Sure |
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81 | (5) |
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86 | (1) |
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Using the Business Cycle to Cash In |
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87 | (16) |
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88 | (5) |
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The Sectors to Watch If We Are Already in a Recession |
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93 | (1) |
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Where to Invest Late in the Trough to the Early Stages of the Growth Cycle (Before the First Interest Rate Hike) |
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94 | (3) |
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Which Sectors Historically Perform the Best and Worst as Growth Accelerates? |
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97 | (2) |
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How to Find Stocks within a Sector and within an Industry |
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99 | (1) |
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99 | (4) |
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The Easy Way to Beat the S&P |
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103 | (8) |
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Using Macrotrends to Beat the S&P 500 |
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103 | (2) |
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105 | (5) |
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110 | (1) |
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How to Spot a Market Bottom---Time to Get Aggressive |
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111 | (14) |
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What Are the Signs that the Bear May Be Over? |
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111 | (2) |
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If the Market Dropped Because of a Recession, What Would It Take to Get Out of a Recession? |
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113 | (5) |
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What to Do If You See These Trends |
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118 | (1) |
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The Smart Way to Reallocate |
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119 | (3) |
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122 | (3) |
| PART FOUR World-Class Stock Picking |
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The Power of Knowledge and Where to Find it |
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125 | (10) |
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Where to Get Investment Ideas |
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127 | (1) |
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Where to Find Information about a Specific Company |
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127 | (7) |
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134 | (1) |
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Create Winning Stock-Picking Models |
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135 | (6) |
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My Favorite Four Stock-Picking Models |
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135 | (4) |
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139 | (1) |
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How You Can Create a Model on Your Own |
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140 | (1) |
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140 | (1) |
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One Dozen Fabulous Fundamentals and Bonus Stock-Picking Checklist |
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141 | (14) |
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Deciding What a Company is Worth Today |
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141 | (1) |
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141 | (4) |
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145 | (3) |
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The Final Four Fundamentals |
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148 | (2) |
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The Commonsense Checklist |
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150 | (3) |
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153 | (2) |
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The Right Way to Compare Stocks |
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155 | (10) |
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Compare Home Depot and Lowe's |
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156 | (7) |
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Summary of Home Depot versus Lowe's |
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163 | (2) |
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Know When to Hold and When to Fold |
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165 | (6) |
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166 | (1) |
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Using Stops to Sell a Stock |
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167 | (2) |
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If You Still Believe the Stock Will Go Higher, Double Down |
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169 | (1) |
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169 | (2) |
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Building a Model Portfolio |
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171 | (6) |
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Build a Model Based on Your Investment Discipline |
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172 | (1) |
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How Many Stocks Do You Need? |
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172 | (2) |
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What about Diversification between Stocks, Bonds, and Cash? |
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174 | (1) |
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174 | (2) |
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176 | (1) |
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176 | (1) |
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The Dogs of the Dow---Is It Really That Easy? |
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177 | (4) |
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178 | (1) |
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179 | (2) |
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181 | (4) |
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Why Do Some Companies Pay a Dividend While Others Don't? |
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182 | (1) |
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Be Careful of a Company That Pays Too High a Dividend |
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182 | (1) |
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183 | (2) |
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Two Awesome Investment Ideas |
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185 | (10) |
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Idea One: Buy Stocks After Acquisitions Are Announced |
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185 | (4) |
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Idea Two: Double or Nothing Plays |
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189 | (3) |
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Buy When Blood Is in the Streets |
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192 | (2) |
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194 | (1) |
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Classic Mistakes of Individual Investors |
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195 | (10) |
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196 | (2) |
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198 | (1) |
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A Word about Investment Fads |
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198 | (1) |
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Getting Rich via Your Employer |
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199 | (3) |
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202 | (3) |
| PART FIVE The Last Ingredient to Greatness |
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My Investment (and Life) Discipline |
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205 | (8) |
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205 | (3) |
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208 | (2) |
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Your Life Discipline Is Just As, or More, Important Than Your Investing Discipline |
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210 | (1) |
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211 | (2) |
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213 | (6) |
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213 | (1) |
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214 | (4) |
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218 | (1) |
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You Are the Captain---Start Acting Like One |
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219 | (2) |
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218 | (3) |
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221 | (4) |
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221 | (1) |
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How You Think Is Everything |
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222 | (1) |
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Simplify Your Investment Approach |
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222 | (1) |
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222 | (1) |
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223 | (2) |
| Index |
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225 | |
