By Jim Rogers
He’s the swashbuckling global visitor and mythical investor who made his fortune sooner than he was once 40. Now the bestselling writer of A Bull in China, sizzling Commodities, and Adventure Capitalist stocks a heartfelt, critical advisor for his daughters (and all younger traders) to discover luck and happiness. In A reward to My Children, Jim Rogers deals suggestion together with his trademark candor and self assurance, yet this time he provides paternal compassion, protectiveness, and love. Rogers unearths tips on how to research from his triumphs and blunders as a way to in attaining a filthy rich, well-lived lifestyles. For example:
• belief your personal judgment: Rogers sensed China’s actual capability long ago within the Nineteen Eighties, at a time while such a lot analysts have been hugely skeptical of its clients for growth.
• specialize in what you're keen on: Rogers was once 5 while he all started accumulating empty bottles at baseball video games rather than playing.
• Be power: Coming to Yale from rural Alabama, and in over his head, Rogers by no means stopped learning and wound up with a scholarship to Oxford.
• See the realm: In 1990, Rogers traveled via six continents via bike, gaining a world viewpoint and studying easy methods to review customers in swiftly constructing nations akin to Brazil, Russia, India, and China.
• not anything is actually new: something deemed “innovative” or “unprecedented” is generally simply overhyped, as in relation to the web or television, airplanes, and railroads sooner than it
• and never a section off the topic, and extremely vital: Boys will desire you greater than you’ll desire them!
Wise and hot, available and inspiring, A present to My Children is a smart present for all these simply beginning to put money into their futures.
Read or Download A Gift to My Children: A Father's Lessons for Life and Investing PDF
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Additional info for A Gift to My Children: A Father's Lessons for Life and Investing
Example Profitable Decisions: You decided two months ago to buy a call. You paid the option price of $200, which entitled you to buy 100 shares of a particular stock at $55 per share. The striking price is 55. The option will expire later this month. The stock currently is selling for $60 per share, and the option’s current value is 6 ($600). You have a choice to make: You may exercise the call and buy 100 shares at the contractual price of $55 per share, which is $5 per share below current market value; or you may sell the call and realize a profit of $400 on the investment, consisting of current market value of the option of $600, less the original price of $200.
In the preceding example, the stock would have to fall at least seven points below the put’s striking price just to create a breakeven outcome (before 31 32 CALLS & PUTS: DEFINING THE FIELDS OF PLAY trading costs). In this case, even utilizing a longer-term LEAPS put, the option profit simply did not materialize before expiration. If you have more time, your choice would be easier because you could defer your decision to either take a loss or just wait out the price movement of the stock. You can afford to adopt a wait-and-see attitude with a long time to go before expiration, which makes the LEAPS a more flexible choice than shorter-term listed options.
Pick the Right Stock The usual assumption in using any form of analysis is that you identify stocks you would want to buy or hold, and when the news turns bad, you then want to sell shares. With options, however, a stock that shows inherent weaknesses can also signal the time to use options in a different way. For example, if you are convinced that a stock is overpriced and susceptible to price decline, one reaction would be to buy puts. If you’re right and the price falls, your puts will increase in value.
A Gift to My Children: A Father's Lessons for Life and Investing by Jim Rogers