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B**S
This book moves you from ignorance to awareness...that's it!
Andy introduces a great concept called the "education continuum" wherein a learner should progress from ignorance, to awareness, to proficiency, to competency.The majority of the information you can find on the internet by perusing Andy's blog posts and other peoples information that is similar to Andy. Therefore if you have any trading/investing experience at all...this book is pretty much a waste.If it is a waste, why did I give it three stars and not one? Two factors influenced this decision on my part.1. Andy is a Robert Kiyosaki Rich Dad Advisor. He knows his stuff and I am a huge Kiyosaki fan. The information is solid and good information. It simply did not help me move from where I am on the education continuum, like I had hoped.2. If someone is ignorant or barely aware about investing, trading, and specifically cashflow generation and risk management; then this is a good book for them. Just don't expect to read this book and they start trading. There is a bit more to it than that.I do have another concern, while it bears hearing, it is not critical of this book. The "4 pillars" Andy discusses in this book, is also a virtual training course that Andy sells between $500-$900. Disclaimer, I have not taken that course, but I have had it marketed enough to me to advise you to spend the $14 on this book and not the $500-$900 on the course...unless you absolutelty hate reading and really want this information presented a video/webinar style.Is it worth $14 for the book? Yea...(said hesitantly)Will the book alone enable you to begin trading tomorrow? No. You must do some more learning first!
S**S
Incorporating Option Trading Into the "Rich Dad" Philosophy
Being a big fan of the 'Rich Dad' series of books and an avid trader of stocks and options I did not know what to expect from this book trying to tie it all together. I was pleasantly surprised by this books ability to explain the basic concepts of trading stocks and options using fundamental analysis and technical analysis to create cash flow by using paper asserts. I believe this is a much simpler and easier process for building net worth and cash flow than dealing with rental properties and real estate. I really like how Andy Tanner suggested 1% risk of capital per trade as a basic example of proper risk management which I agree with and also his explanation of how traders can operate like casinos not gamblers with the use of an edge. His biggest points were how to use stock option contracts for leverage in your trading versus the need to own stocks and also how to sell option contracts for cash flow consistently. I really loved his stories of how Warren Buffett sold naked puts on value stocks at levels he wanted to own them at and how Mark Cuban was paid in Yahoo Inc. stock for the business they bought from him and he was able to hedge the Yahoo stock with puts to ensure he would remain a billionaire even if Yahoo collapsed, which it did from over $100 to $4 a share with the dot com bubble burst in the year 2000. This is an excellent beginners book for would be traders of options, the scope of this book is just an introduction the principles and concepts of trading options profitably which will be a big eye opener to many new traders. If you are interested in the concepts of the 'Rich Dad' series of books or how to trade this is a great place to start.
A**G
Financial Education Simplified!
Andy’s common sense, layman’s approach makes reading and learning the material easy. I’ve already signed up for the Four Pillars of Investing course and hope to be on my way out of “the rat race!”
N**N
Great Introduction to Personal Finance Ideas
The concepts and ideas in this book are for more than the stock market. It applies to such a wide range of subjects that it is shocking, our own personal finance habits, business management, and even the scientific process. It does this by not providing an in-depth view of the stock market and uses examples from other markets and industries to help explain the concepts and ideas. Everyone should have read this book in high school.
S**D
I’m a big fan of Richdad’s series
I’m rich dad series big fan. Andy is nice but his book is most likely repeat Robert’s philosophy. I hope he can teach something more practical in stock like the way that Robert teaches in real estate.
C**S
Need a place to start? Start here, with this book.
Excellent for the beginner. I would start here. This book doesn't throw a lot of terms at you to help you figure out what they're saying on CNBC. Rather, Tanner explains what is going on with the market so you can make a better investment decision. The book has many useful concepts. It talks about the three types of cashflow income. It explains what is really an asset and how even debt can be leveraged the right way so that it can become an asset. The heart of the books talks about the four pillars to investing: fundamental analysis, technical analysis, cash flow, and risk management.This is really an introduction to the stock market and any kind of cash flow investing. It will make the concepts clear. You will understand financial statements and charts, but you will need other books on the market and a way to practice a lot of these concepts. I use a stock market game to practice concepts (google some for the best choice) and I read How to Make Money in Stocks both the original book and the Getting Started Book.There are negatives to the book. Tanner did ramble in some spots. I skipped those areas. Because it's a Rich Dad book you will have to suffer through the rich dad poor dad story here and there. Not too much though. I was surprised. Other books in the collection lay on the story kind of thick. Those were the only things. Not deal breakers. I've read a lot of the negative reviews and I don't understand what the problem was. It's a good book. Cheap, to the point, and extremely helpful.
A**R
No good info
This sucks. I mean for someone who already trades in the stock market this but is no good. If you want to get real help on how to make money based on strategies go to search for “tasty trade” in your search engine.
D**D
Very easy read and easy to understand the 4 pillars
This is my first purchase of a financial book of any kind. I've read a good amount of the Rich Dad series and thought I would try out one of the advisor series. This definitely eased my trepidations about paper assets and looking forward to putting the four pillars to use.
M**A
Great Investment Book
Atleast I finally understand put and call options! Andy explains these in an easy way to understand. Great book on the basics of investment and really enjoyable to read.
A**R
Good read
Gives you a good fundamental understanding on the topic so you can then go and build on further.
A**R
It's perfect education
I learned the most valuable conceptsIt's really educational4 important pillars that every professional investor should learn. Thanks Andy
V**S
Excellent!
I believe that this is an excellent book for absolute beginners as myself! This is not for someone who has experience with investing!
A**R
Great book, everyone who want to take control of ...
Great book, everyone who want to take control of their future should read. Give's you a strong foundation to build on.
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