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Build Wealth With Common Stocks

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Build Wealth With Common Stocks provides information on stock selection for the everyday investor looking to join an investment community.

Synopsis

David J. Waldron shares actionable ideas to construct a potentially market-beating portfolio of the common shares of enduring companies to fund life's significant milestones.

Waldron offers inspiring wisdom and memorable anecdotes to keep the reader moving forward during the endless roller coaster rides of market cycles.

On Outperforming Wall Street:

Despite limited capital, the individual investor on Main Street can achieve superior returns with lower costs and less risk than the power brokers working on Wall Street.

On Being a Thoughtful Investor:

To paraphrase American baseball legend Yogi Berra, investing is ‘90 percent half’ common sense. The ‘other half’ is patience and discipline.

On Taking Ownership:

Stop placing bets on stocks and start investing in companies.

On the Death of Value Investing:

Value investing is never dead, just less popular than short-term growth stories. As long as there are financial markets or farmers’ markets, value prevails.

On the Benefits of Self-Directed Investing:

Build your beach or lake house instead of your financial advisor’s.

On Assessing Risk:

A risk understood, accepted, and well-managed becomes the risk worth taking.

On Being a Defensive Investor:

Outperform the market by managing the downside while allowing the upside to take care of itself.

While there are a handful of persons who are conversant on the stock market, the average person has no clue about selecting and purchasing stocks. In Build Wealth With Common Stocks, David Waldron sets out to demystify stock screening, research, and selection for the everyday investor. The book does not encourage short term trading schemes that offer quick financial gains because this might be a bit much for the new investor. The author felt it was best to leave such trading schemes to professional traders.


I wanted to read this book because I was hoping to find a book written in simple terms about stocks for new investors. My interest was piqued when the author mentioned that he used a well planned and executed model and that the book is for the everyday investor. Since I consider myself an everyday investor who is seeking to build wealth, I decided that this was a good book for me to read. David Waldron did not disappoint and now I have a better understanding of how to select the best stocks.


In Build Wealth With Common Stocks, the author shares broad ideas, strategies, principles, and practices about his personal experience with the stock market. The book is divided into three parts. Part one deals with the principles, part two takes care of strategies, and part three deals with practices that shows the investor how to build a common stock portfolio. Build Wealth With Common Stocks focuses research on ethically managed companies that are noted for consistently high returns.


I recommend this book if you are a first-time investor who is gingerly stepping into the investment market and looking for trustworthy counsel. For the everyday investor who is looking to apply market beating strategies and principles, this book will not disappoint.  The book promises to facilitate self-awareness and fill in the blanks and the author definitely fulfilled this promise. I will hold on to this book for reference as I embark on my journey as a new investor.




Reviewed by

Mardene Carr is from the beautiful Island of Jamaica. She is a trained Librarian, doctoral student, blogger, journal reviewer, proofreader,and editor. She has authored several journal articles and blog posts. Mardene is also a motivational speaker and international student coach.

Synopsis

David J. Waldron shares actionable ideas to construct a potentially market-beating portfolio of the common shares of enduring companies to fund life's significant milestones.

Waldron offers inspiring wisdom and memorable anecdotes to keep the reader moving forward during the endless roller coaster rides of market cycles.

On Outperforming Wall Street:

Despite limited capital, the individual investor on Main Street can achieve superior returns with lower costs and less risk than the power brokers working on Wall Street.

On Being a Thoughtful Investor:

To paraphrase American baseball legend Yogi Berra, investing is ‘90 percent half’ common sense. The ‘other half’ is patience and discipline.

On Taking Ownership:

Stop placing bets on stocks and start investing in companies.

On the Death of Value Investing:

Value investing is never dead, just less popular than short-term growth stories. As long as there are financial markets or farmers’ markets, value prevails.

On the Benefits of Self-Directed Investing:

Build your beach or lake house instead of your financial advisor’s.

On Assessing Risk:

A risk understood, accepted, and well-managed becomes the risk worth taking.

On Being a Defensive Investor:

Outperform the market by managing the downside while allowing the upside to take care of itself.

Table of Contents

ACKNOWLEDGMENTS

INTRODUCTION                                                                                                            

 

PART I: PRINCIPLES

1 Get Rich Slow

2 Filter the Noise

3 Compound with a Margin of Safety

4 Apply Common Sense

5 Practice Patience and Discipline

6 Own Companies Instead of Trading Stocks

7 Buy Fear and Sell Greed

8 Hedge as an Alternative to Indexing

9 Create Wealth with Total Return

10 Embrace an Enduring Market Truth

 

PART II: STRATEGIES

11 Define the Value Proposition

12 Quantify Shareholder Yields

13 Measure the Return on Management

14 Weigh Valuation Multiples

15 Assess Downside Risk

 

PART III: PRACTICES

16 Construct a Common Stock Portfolio

17 Manage Portfolio Allocation

18 Control Portfolio Costs

 

EPILOGUE

RESOURCES

NOTES

ABOUT THE AUTHOR             


About the author

David J. Waldron is an individual investor and the author of self-improvement books. He earned a Bachelor of Science in business studies as a Garden State Scholar at Stockton University and completed The Practice of Management Program at Brown University. view profile

Published on January 19, 2021

Published by Country View

50000 words

Worked with a Reedsy professional 🏆

Genre: Business & Management

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