The little book of sideways markets: how to make money in markets that don't move

Description

"Contrary to popular opinion, markets rarely experience significant periods down; half of the time they do rise but the other half of the time they go nowhere - trading seemingly mindlessly in a range with quick ups and breathtaking downs, only to come back to where they were. These periods last far too long to just buy and hold, since that kind of a strategy leads to 0 returns or worse. What's an investor to do when you have to save for college educations and retirement but the markets are going nowhere? Vitaliy Katsenelson has the answer: a value investing strategy with a focus on when to sell will get you through the whipsaws of sideways markets and coming out well ahead. Vitaliy clearly explains the market cycles and then provides you with a simple strategy that Tevya the Milkman uses to invest that follows three simple rules for quality, growth, and value. Katsenelson also marks the traps and pitfalls that lay in wait so you can avoid them and take a look over the horizon at the oncoming crises in Japan and China. Sideways markets aren't as fun as bull markets but once you understand how to make money in them, much like turning lemons into lemonade, you'll find your portfolio grows nicely even when the market is stalled"-- Foreword. Acknowledgments. Introduction. Chapter One Fasten Your Seat Belt. Chapter Two A Sideways View of the World. Chapter Three Don't Shoot the Messenger. Chapter Four Tevye Was a Rich Man. Chapter Five What We Can Learn from Gamblers. Chapter Six Brought to You by the Letter Q (for Quality). Chapter Seven Brought to You by the Letter G (for Growth). Chapter Eight Brought to You by the Letter V (For Valuation). Chapter Nine Add it Up. Chapter Ten Nip/Tuck. Chapter Eleven The Born-Again Value Investor. Chapter Twelve Applying Darwinism to the Sales Process. Chapter Thirteen You Are Not As Dumb or Smart As You Think. Chapter Fourteen On a Scavenger Hunt for Stocks. Chapter Fifteen Farewell, Blissful Ignorance. Chapter Sixteen Think Different. Chapter Seventeen I Could Be Wrong, but I Doubt It.