Unstoppable Prosperity by Charles Payne
Because we like to focus on helping small business owners grow and prosper by providing them with business automation systems and websites, I like to share once in a while books which I think will be found useful by the same.
One important part of growing and prospering in your business is knowing about investments options. One important place for this is the stock market. Depending upon your perspective, the stock market can be viewed as just a place for speculators, or it can be a place for people to actually invest in other companies for their own mutual benefit.
It is this latter attitude which is presented by Charles Payne. He is a successful stock market investor. He makes it clear in his book that he is not interested in speculating, but only investing. He shares his story of growing up as a poor black kid in Harlem, and how he learned to invest and make a lot of money in the market.
So in this book he shares his perspective on the three pillars of successful stock market investing. Those three pillars are:
- Fundamental Analysis
- Technical Analysis
- Behavioral Analysis
He discusses building a watch list, building a portfolio, and managing that portfolio. He warns of “inevitable corrections and market crashes”. Then he also discusses rookie mistakes to avoid.
The book is a helpful introduction to the world of stock market investing. Experienced investors may find it a bit elementary. But it is no doubt providing a welcome service to millions of people who are just dipping their toes into the world of stock market investing for the first time. His book helps to place them on the right path with the proper attitude at the start.