Build Wealth With Common Stocks: Market-Beating Strategies for the Individual Investor Hardcover – January 19, 2021 by David J Waldron

Description

Written for individual investors by an individual investor.

In Build Wealth With Common Stocks, David J. Waldron shares actionable ideas to construct a potentially market-beating portfolio of the common shares of enduring companies to fund life’s significant milestones such as buying a home, paying for a college education, pursuing a passion, starting a business, or enjoying a comfortable retirement.

Waldron offers inspiring wisdom and memorable anecdotes to keep the reader moving forward during the endless roller coaster rides of market cycles.

From the dust jacket’s inside flaps:

On Outperforming Wall Street

Despite limited capital, the individual investor on Main Street has the potential to achieve superior returns with lower costs and less risk than the power brokers working on Wall Street.

On Being a Thoughtful Investor

To paraphrase American baseball legend Yogi Berra, investing is ’90 percent half’ common sense. The ‘other half’ is patience and discipline.

On Patience

Patience is the scarcest and, thereby, the most valuable commodity available to the retail-level investor.

On Discipline

One rule virtually guarantees you will never lose money on an investment (Chapter Five).

On Productive Fear

A portfolio constructed on the fear of losing money is destined to outperform a basket thrown together from the fear of missing out.

On Taking Ownership

Stop placing bets on stocks and start investing in companies.

On Active vs. Passive Investing

Buy slices of the best companies in the sector, reserving the index for hedging your portfolio.

On the Perils of High Yield Dividends

Chasing current yield is a recipe for junk equity. Instead, practice this more profitable concept of dividend investing (Chapter Nine).

On the Death of Value Investing

Value investing is never dead; it’s just less popular than short-term growth stories. As long as there are financial markets or farmers’ markets, value prevails.

On the Benefits of Self-Directed Investing

Build your beach or lake house instead of your financial advisor’s.

On Assessing Risk

A risk understood, accepted, and well-managed becomes the risk worth taking.

On Being a Defensive Investor

Outperform the market by managing the downside while allowing the upside to take care of itself.

Copyright 2021 by David J. Waldron. All rights reserved.