Un Holy Grails
Nick Radge
ISBN 978-0-9808712-1-0
Managed to complete my second read last night.
Its a book I feel could be easily over looked by a browse in the shop.
Particularly by those looking for the magic bullet.
Make no mistake its there but its highly likely the majority wont readily see it.
Its a book I feel the Masses will come back to after they have completed the first part of their journey.
Its a book those who have had enough of leaving their super in the hands of Fund Managers who lack innovation and even the most basic premise of sound investment,will seek out. Particularly when guidance in the hard times---let alone performance--allude them.
From 20-40-60 Retirement and funding of that retirement isn't that far away!
This is the book for you 20/40/or 60.
It gets directly to the crux of the matter.
Developing a Method/System if you like that you can evaluate.
Take control!
Nick demonstrates that they are often amazingly simple and the best "Can often be written on the back of an Envelope". Exploding the myth of complexity.
Anyone can do it even a Builder!
He goes further to make it clear that being in the market when the market is in your favour is just as important of being filtered out of danger when its not! The examples are fully disclosed and very easy to follow.
A great starting place for many.
Nick finishes this section presenting one of his methods as an example of what can and is being done for his clients.
I particularly like his interview with Steve who I have a sneaky suspicion is "Stevo" from "The Chartist". Steve began with Weekly Systems which were very successful but now is using MONTHLY systems.Something I had never considered ---Steve has a compelling story---one many like myself will relate to.
There will be many who should and will read this book who have substantial funds to see them through retirement or Semi retirement. Steve's story and the theme throughout this book is something these people need to know.
The Interview with the Financial Planner who uses a system he calls "Alpha"
is a nudge in the direction of pushing the reader into questioning how he is being looked after if he isn't willing to do so himself.
There ARE innovative professionals who are way ahead of the pack of mediocrity in the financial services industry.
Nick of course is one and offers his services (Certainly NOT directly in the book) but answers many of the questions through Steve's interview that need to be answered.
Finally the last few chapters I see as very simple but very timely.
We lose track in the hard times of what its all about.
In fact, I personally feel the way these times are handled not only practically but emotionally expose the trader and the Professional alike.
You really do need this book in your library even if you dont know you do yet.
One day you'll be progressed enough to grab this with both Arms and Eyes.
Make sure its on a shelf close handy!