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Beating the Dow with Bonds                                                       : A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South

Beating the Dow with Bonds : A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South

List Price: $15.00
Your Price: $10.20
Product Info Reviews

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Rating: 4 stars
Summary: An alternative to stocks in todays market...
Review: Although there are some holes, they do not ruin the basic info provided. I think that in trying to keep it simple, O'higgins might have made it too simple. In the end he shows that this is a strategy that doesnt take alot of complicated research to use and that is the true beauty. It is especially relevant in todays stock market.

Rating: 1 stars
Summary: A sad waste of paper - babbling brooks are better
Review: Having read many books on various financial subjects, this one is on my list as one of the top 10 wastes of time. In fact I am only writting this to hopefully save you time! Warning! When the reviews are from annonymous 'a reader' be suspicious!

Rating: 2 stars
Summary: Interesting...but confusing
Review: I agree with much of what has already been said as far as the amount of filler and the editorial glitches. And can anyone figure out the last chart -- table 11.1? These numbers make no sense and don't even correspond with the info on table 9.1. I began the book with some excitement but ended up feeling very uncertain about the method.

Rating: 2 stars
Summary: Interesting...but confusing
Review: I agree with much of what has already been said as far as the amount of filler and the editorial glitches. And can anyone figure out the last chart -- table 11.1? These numbers make no sense and don't even correspond with the info on table 9.1. I began the book with some excitement but ended up feeling very uncertain about the method.

Rating: 5 stars
Summary: Profitable, Pragmatic Advice for All Investment Scenarios
Review: I bought this book because I wanted to learn more about investment products OTHER than common stocks. Instead, (in the book on tape), I got 5-10 minutes about the different types of bonds, a little detail about T-bills, and the frank admission that this book "doesn't really discuss corporate bonds". WHAT!? The whole rest of it is spent preparing you to run for cover for the upcoming crash of 2000 - for that, I must say he was prescient (Too bad I didn't read this in 1999!). More time is spent describing the basics of common stocks, and how the major industrial averages are calculated than is spent on bonds! Oh - and that WRONG formula for computing the price/sales ratio erroniously also made it onto the cassette version. I actually had to rewind the tape to see if I had heard correctly!

Rating: 2 stars
Summary: Not enough content; poor research.
Review: I gave the author 2 stars because I agree with him on one basic premise - equities are generally overvalued. However, I found the rest of the book to be entirely lacking.

First, it severely lacks content. The book is short to begin with - and what few pages it has are spent poorly. Almost 1/3 of the book is dedicated to descriptions of the 30 DOW companies.

His investment strategy is simple. In fact, it's too simple. His conclusions are based upon very little research - nothing more than historic data that just happens to work out.

He has some valid points (i.e. zero coupon bonds as investments), but spent very little effort crafting it. The knowledge encapsulated within the 200+ pages of this book could be condensed to a single web page with little effort.

Rating: 3 stars
Summary: I got what I paid for
Review: I really can't defend this book, other than to say, "It told me what I wanted to know." Higgins' original Beating The Dow was my first introduction to the wonderful world of investment literature some ten years ago, so my purchase of this latest one was not an impartial decision. What's ironic about the existence of BTD With Bonds is that at the end of the original book, Higgins plainly showed that mixing his original Beating The Dow theory with other investments only weakened it. So why did I buy this book? I wanted a very clear, easy to understand book about investing in bonds. And that is what I got. While I probably won't be following the investment advice in this book, I did find it a pleasant alternative to Bonds for Dummies, or some similar title.

Rating: 4 stars
Summary: Phew - just in time!
Review: Many people here didn't like the editing, and rated the book badly as a result. Personally, I bought the book for the content, which was by and large very good, and a very enjoyable and eye-opening read. I'm glad I followed his advice too - today 22nd May my original stock portfolio dived well below what I paid for it, despite the "Dog Dow" strategy. I think it's got a long way to go, too.

Personally speaking, I think that if you're even only slightly interested in the subject, give it a read (whether or not you agree with my opinion about the stock market!), it takes the uninitiated through the TWO most important/fundamental instruments in the financial markets (i.e., there's more to life than equities).

The quote on the back says "a wake-up call for the equity obsessed". Couldn't agree more!

Rating: 2 stars
Summary: Short on content and poorly edited, but important
Review: O'Higgins' "Beating the Dow with Bonds" is an updated version of his very successful "Beating the Dow" which outlined the now well-known "Dogs of the Dow" strategy. In his new book O'Higgins presents a simple system whereby investors decide at the beginning of each year whether their money should be in treasury bills, treasury bonds, or stocks.

Simply stated, O'Higgins recommends investing in stocks only when the average yield (the inverse of P/E: E/P) of the S&P 500 exceeds the yield on government bonds. If this is not the case, then one uses the change in the price of gold is an indicator of inflation to decide whether to invest in US Treasury bills or US Government zero-coupon bonds.

While I find the strategy interesting, and am persuaded that the stock market is tremendously overvalued at present (a main point of the book), I think that this information could have been presented in 10 to 15 pages. O'Higgins reiterates the same information over and over again, and the book is the full of what I consider "filler." A full 65 pages (one fourth of the book!) contains synopses of the 30 companies comprising the Dow Industrials. Four pages list "selected" discount brokerage firms addresses.

I have very little patience for sloppy editing. Between O' Higgins, his cowriter (John McCarty) and their editor I would expect such glaring errors as missing words in sentences (not to mention nonsensical sentences) would not make it to publication. They did.

In summary, I would recommend that interested readers check out a copy from their local library and read pages 166 through 170. After reading this outline of O' Higgins' method, thumbing through previous chapters (noting the figures) will provide a quick, and probably useful, overview of his rationale. O'Higgins is making some very important points in "Beating the Dow with Bonds," and he is certainly a well-respected market veteran (as he points out on a number of occasions), but due to the rambling nature of the book and the sloppy editing I cannot recommend its purchase.

Rating: 1 stars
Summary: Method is GOOD, but the book is VERY POOR!!!
Review: The method of BTDWB is good, but the book is VERY POOR!!! There is serious mistake in the method described. Don¡¦t forget to go to Corrections to "17 Simple Steps to Super Returns" for a further reading. (You can find it in Amazon website----Editorial Reviews) But the correction is still containing mistake. Please note the Gold Price of the example in Corrections to "17 Simple Steps to Super Returns"!!


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