Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing
This is a remarkable book that aims at making a little person able to do what a big and successful person has always been able to do. The pension funds, the hedge funds and various other institutions are those that use the strength of investment for reaping the greatest returns without first providing the investor with a thorough idea about what investment is and what are the things that he or she need to be clear about and do in order to make an investment that will be likely to bring in a profit. Michael Carr who is the author of this book is himself a personal investor by profession and has a rich and varied experience in this field.
While he does admit in his book that the relative strength of an investment can certainly be used in order to reap a good profit he also talks about steps and methods by which a smart investment can be done on the part of an average investor who does not really have any sound knowledge of finance and who could do with some valuable advice in this matter.
Computing strategies along with the new ETF’s which are known to limit risk are those that have turned the concept of relative strength into an extremely viable investment strategy that can be used by the long term investors on a regular basis in order to profit as much as possible from the investments that they make.
The book written by Michael Carr stands out as a book which has been extremely well researched and which can really be counted upon for guidance as the literature review that has been conducted by the author is that which is highly legitimate. The book also does a good deal in presenting the concept of relative strength of investment to the readers in a comprehensive manner and suggesting good method by which this investment can be carried out.
Carr speaks about investment practices that are carried out by people who have made a name for themselves in the field of finance and investment such as the person Clay Allen. There are many different approaches that are currently in use which have been outlined in this book for the benefit of the reader so that he or she gets to understand what the author is trying to imply.
About the Author
Michael Carr is a man who has been involved in the profession of finance for more than twenty years now and is known to have made his mark in his society through his profession of being a chartered market technician, a position of great honor. After he retired from his role as a lieutenant in the American air force he took up investment and finance as a profession. He has quite a number of scholarly publications to his credit and has served in a position of authority in a number of boards and places.