Cash Color

My Personal Finance Blog

Oct
19

Review: Common Stocks And Uncommon Profits

Posted by Cash Color

Common Stocks And Uncommon Profits by Philip A. Fisher is one of those good books but difficult to comprehend. It is good because Philip imparts his more than half a decade of experience investing in stocks to the readers. It is difficult to comprehend because the way the book is written …. is not like a conversational piece whereby the author is talking to the reader.

Philip highlighted the areas an investor should research into when choosing which stocks or companies to invest into. He goes on to describe how he went about researching these companies. Unfortunately, some of these techniques which he call “scuttlebutts” is difficult to apply by the layman investor.

Philip also described and explained what are the characteristics he look for in a stock or company to qualify as a “outstanding investment”.

A good thing I like about this book is that the reader is not bombarded with too many graphs and statistics.

Pros: The “scuttlebutts”, how to spot an outstanding investment.

Cons: Boring at times. Not easy to comprehend.

Jun
19

Review: Stock Performance Guide

Posted by Cash Color

Stock Performance Guide Malaysia, is a must have book if you’re a stock investor, with an affinity towards numbers.

I bought this book about 2 weeks ago. I didn’t realize the potential of this book until last night, when it opened my eyes.

The stock market downturn in the last few days has presented a good timing to buy into new stocks. Well, at least I thought this downturn is only a correction and our stock market will head higher and now is a good time to buy some stocks.

I stared at my stock trading console. Not knowing where to begin. I couldn’t rely on my previous analysis techniques because quite frankly, my portfolio value was declining in a bull run. Go figure. Neither could I rely on rumors, because it was already too late by the time I knew about the rumors. I was at a lost.

Then I remembered this Stock Performance Guide I bought two weeks ago. I took it out. Flipped through some pages. And it suddenly dawned onto me that within the pages of this book, is an unbiased source of data and information that I could use. I could check out the performance of companies dating back to 10 years ago. I could see which companies are cash cows.

I wished I had bought this book at least one year ago, when the stock market was falling. Then I would have ample time to study the different companies, understand the types of businesses these companies are involved in, understand which companies consistently delivers to their shareholders and so on.

If you are a numbers person, you must get this book. With this book, you will have another unbiased tool to help you make better judgment.

Apr
26

Review: Getting Rich Your Own Way

Posted by Cash Color

Finally, I’ve made it through this book. Getting Rich Your Own Way: Achieve All Your Financial Goals Faster Than You Ever Thought Possible by Brian Tracy is one of those books that keep repeating contents and explanations. So, at times it is quite boring to read the same contents again and again. Perhaps the repeating of contents is what’s needed to reinforce the ideas in this book into the minds of the readers.

I feel that this book is more geared towards business minded people. Whether you are already an entreprenuer or planning to start your own business, you will find some useful ideas in this book that will be of use to you.

Besides business contents, there’s also a lot of content to cultivate and develop the readers minds and behaviors to think and act positively. This book will explain why so few people are paid so much for the work they do, the service they provide or the products they sell, and how you too can achieve what these people have achieved.

There’s little content written for investment. If you’re looking to buy a book on investment, then you won’t find much help here.

My conclusion, if you’re into business or plan to be in business then get this book. You will never know one idea in this book can save you a lot of money, or earn you a lot of money.

Mar
06

Review: Multiple Streams of Income

Posted by Cash Color

This is a good book for people looking to create different streams of income, especially passive income. Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition by Robert G. Allen successfully hammered into my head the importance of saving every penny we can save. Every penny is a seed to many more pennies.

Robert has outlined guides we could all follow in creating the different types of passive income. He discussed about investing in stocks and real estate. He also touched on tax liens as a high return investment. He explained about network marketing and why we should get involved and not left behind. He also explained how we could earn income from licensing our intellectual properties. He convinced me as to why we should tap on the strength of the internet to build a fortune for ourselves, and how we could do it.

In summary, this is a good book. If you are already earning multiple streams of income but find that you have no time for yourself, then you definitely have to read this book. Perhaps you have created the wrong types of income streams. Read this book and you will learn how to improve the quality of your life.

Dec
13

Review: Value Investing: From Graham to Buffett and Beyond

Posted by Cash Color

Value Investing: From Graham to Buffett and Beyond, is written for students of value investing. The author, Bruce C. N. Greenwald is a Professor and reading this book gave me the feel as if I was attending one of his lectures.

The first part of this book is about the different theories and valuation methods. Only when one is able to fairly value a business will he be able to judge if the business or stocks are selling below its intrinsic value. If you are the type who falls asleep listening to your lecturer, chances are this book is as good as a sleeping pill to you.

The second part of the book analyzes the different approaches used by different value investors such as Warren Buffett, Mario Gabelli, Glenn Greenberg, Seth Klarman and a few others. We see how these investors put their knowledge into use and how they value businesses.

My conclusion, this book is more suitable for readers who love academic theories and formulas.