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K**R
Wright Knows of What He Speaks
As a public service to my fellow hapless investor, who may be thinking of reading (if not actually buying, you cheap ------d!) this gem of a little book, I have a few brief words of sage advice to impart to you.First, read the book, cover to cover. Thankfully, it is a light, fast read, that at times is a bit on the repetitive side, but nonetheless very informative. Then set it aside for a week, during which time you allow your first impressions of the book to subside, and then read it again. After the second reading, put the book aside but in a prominent place, such as facing out to you on your bookshelf or on your desk, where you can see the title almost beckoning to you. Then, and this is the hard part, do the following:Do what you normally would do when investing. If you are like most people, you'll lose money. That's OK, after all, you are only human and this state of affairs not only confirms that but also confirms that like your fellow man (or woman- it pays not to discriminate), you have absolutely no idea what you are doing. Then, one day, after having lost a tidy sum of money, this book will beckon you, and then, maybe, just maybe, you will see the light, and glean from it its carefully gathered wisdom over some four decades or so. You might be so taken aback by its very simplicity that you take the heretical step of subscribing to the Investment Quality Trends newsletter.OK, all jokes aside now- for those of you who are sick of losing money in the stock market, or just plain tired of middling results in return for all of your effort and study of the market, this is the book you need to read and ultimately use in your quest to 1) preserve your limited and precious capital, 2) generate a respectable income and 3) grow your investment account. Whether you are in retirement and looking to protect what you have amassed, or you are young (or young-ish) and looking to invest for an eventual retirement (in this economy?!? Good luck with that.), this is the book you need to buy, read, understand, and use- repeatedly.For seasoned investors like myself, the book may read a bit too simple and too basic (this I suspect may be due to the fact that the book is pitched moreso to the novice or beginning investor that is unsure of him- or herself vis-a-vis stocks). More than a few of you will take issue with how restrictive the stock universe that it inhabits is. All of you need to trust me on this one thing: using this book will keep you out of serious trouble (by minimizing your risk in stock investing and protecting your modest grubstake), and for those of you who find the book to be too restrictive in terms of the number of stocks to choose from, pay very close attention to Chapter 4 of the book, modify Chapter 4 a bit to suit your needs, and broaden the list of likely stock investment targets.The method espoused in the book really is as simple as the author makes it out to be. In passing, I have found this book, along with The Future For Investors by Jeremy J. Siegel (author of Stocks For The Long Run), to be good, strong, positive reinforcement.Here are a few final free-bies: Using this book as a guide (and perhaps a subscription to the IQT newsletter- no pressure from me here), screen for the truly indispensable outfits. Then, dollar cost average into them. Do this preferably via some tax-advantaged account (IRA of some sort in a pinch, but ideally a 401-k type deal if you have it available to you). And for the coup-de-gras, I noticed that more than a few of the outfits that make the Wright-Weiss cut for quality and value offer direct stock purchase plans with optional cash purchases of as little as 50 bucks in some cases (some even offer IRAs). The truly intelligent and astute small investor would take advantage of this wherever possible (in a pinch, a Sharebuilder account would suffice)- just be mindful of the paperwork, which will require the use of a spreadsheet and a modicum of organization. Oh, and one more thing, since the outfits chosen are indispensable, you never have to sell them (unless of course, their investment quality has fundamentally eroded) and you can value-cost-average (buy on the dips) at your leisure as well. Check out Craig L. Israelsen's lovely little book, The Thrifty Investor (an older and somewhat dated but nonetheless very relevant text), for further enlightenment on these free-bies.In sum, you can either work for your money, or you can put your money to work for you. Granted, if you are like most of us, you have to work for- that is to say, earn- your money, so it behooves you to put your hard-earned money to work using a safe and sound strategy that thankfully, this book provides.As always, caveat emptor people. Caveat emptor.
R**N
A solid investing strategy throughly explained
I heard about dividend yield investing from a coworker who had a lot of success from it and read Kelly Wright's book for myself. Prior to reading this book I had no investing strategy, only to speculate when the markets were down. I found the book very easy to read, and Wright backs up his explanations with data and charts.
T**E
A Simple, Intelligent Guide to Dividend Stock Buying
After the feds announced that there would be no increase in interest rates for two years, I knew I had to move forward with the portfolio of dividend paying stocks I was working on. Waiting for an opportunity to invest in treasuries obviously wasn't in the cards for a 68-year-old. I had already begun choosing stocks based on S&P's Dividend Aristocrats when I mentioned to my husband how influenced I had been decades ago by Geraldine Weiss' "Dividends Don't Lie." He asked, "Where do you suppose she is now?" So I went to the internet, found out IQ Trends was still publishing, ordered a sample subscription and downloaded "Dividends Still Don't Lie" on my Kindle. The market tanked and I used the opportunity to cross check my Dividend Aristocrats with IQ Trends and filled out my portfolio using Kelley Wright's strategies with the help of IQ Trends. I have always believed in dividend stocks but thought in terms of buy and hold (which I am not comfortable with in modern times). Kelley Wright explains how, when and what not only to buy but how, when and what to sell. All the data is there for the last 40 years, showing how to make capital gains, earn income and have a solid total return. You understand how yield defines value, how to use dividends to buy and sell in profitable trading ranges and how to choose stocks that fit your own goals and objectives. If I were buying the book today, I would buy a pbook since the charts and graphs are useless on the kindle. I even tried using a magnifying glass. Nevertheless, the text without the tables gave me everything I needed. I am earning income, have a very good chance for an excellent total return and sleep well in the confidence that by buying when a blue-ribbon blue chip is undervalued, selling when it is overvalued and re-investing in a newly undervalued stock I have a well thought out plan with reasonable safety.
J**E
Better in print
I purchased Dividends Still Don't Lie on Kindle. The concepts are clearly explained, and the rationale for investing in high-quality blue-chips is solid. The data are convincing, as presented in the text. The major flaw, and why I suggest buying the book in print rather than on Kindle, is that the figures and tables are virtually unreadable owing to the tiny size of the print. Even increasing the font size does not help, because the tables and figures are "photographs", not print, so it will not magnify.I phoned Kindle Help-Desk and they were unable to resolve this difficulty. I tried downloading the Kindle version to my desk computer, only to find out that I could not print the tables or graphs for portable reference, e.g., beside a newspaper or a stock screen on the computer. Very frustrating!!! Kindle staff admitted that this was a problem that, to date (March 2011), has no solution. So yes, the content is good, but the Kindle version has major drawbacks.
A**1
Pretty Good Book
I thought about some things I had not considered before and ultimately got some smart tips from the book. Using the book to a T tries to sell you on IQ Trend subscription but you can simply take the fundamentals of what's in the book and use it as is.I've used this book to pick out about a dozen buy and hold dividend stocks as the book suggested during neutral or under yield points and I've managed to do pretty solid with it. I am glad I bought this book, buying the book at about age 30 I think I'll be able to keep some of the concepts in the back of my mind for the next 40 years. A good read for the amateur stock investor.
W**N
Written so anyone can read
Yes the author does use things like PE ratio. But what I also like is the author also writes the whole words out. Price/Earnings. Too many authors just assume you know the letters and skip over your potential lack of understanding. The book however also veers off in different directions in the stock market which is fine but I prefer more focus on the prime target, that is dividends and strategies to succeed with. Further the author offers a subscription program at the end. Something for me which is distracting from reason I bought the book. I believe if you want to learn you have to study many different ideas and that means reading many different authors. So yes I would recommend this book.
N**A
Good title, little substance
This book provides very little insightful information. It mostly presents generic, non-actionable knowledge such as macro versus micro, growth versus income, impact of interest rates etc. The only thing "new" in the book is the over-value/under-value chart. But this is just an alternative presentation of yield versus time curve freely available from various websites. If you wants to see the charts for some stocks, you need to pay for a subscription for author's website. At the end, this book feels like an advertisement for author's website "investment quality trends".
R**N
Getting paid every month
This book was very well written outlining the advantages in investing in great dividend stocks. A MUST for any beginner who is starting to invest. Its the dividends that build the wealth month after month..... year after year and don't forget the dividend investment plan.
G**B
great book for value investors
I read this book in one day and found it great. It explains cycles of stocks and how to act as a shareholder and have success. It explains to me why i had much more success in valuable stocks that payd increasing dividends.I found examples for how to invest in different market situations and how to look for undervalued companies.The only thing i missed were examples from non american companies, but i learned how to make my own research.So for me it is very helpful.
C**L
Very disappointed. The book can be summarised with a sentence
Not an insightful book to follow. Very disappointed. The book can be summarised with a sentence: buy stocks with good dividends. Yet the book's wordy description is completely unconvincing.Forget about this book.
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