Hey thanks for that. And which other do you recommend? Re they worth the fees asked? I'm moving away from my previous FA and into Commsec, but not as a trader, just an investor for a mid to long term. I have no time to learn to be a good trader, so paying for good investment advice maybe necessary. Or could I just use Commsec for it's buy/hold/sell recommends?TII is stable, methodical, and ethical. They don't try to be all things to all men, they aim to provide a good depth of analysis on a modest number of stocks. They are not interested in trading, derivitives, speculation, complex securities, TII focuses pretty closely on finding and following good, profitable companies which are undervalued. I have been a member for about a year and I think they do a very good job of it. I make my own decisions and don't always agree with their views - for example, they have gone right off Metcash now where I reckon it's just become outstanding value - but when in doubt, TII is a great touchstone.
I subscribe to a couple of other investment newsletters also, and rate one of those other two as poor, the other as good. TII certainly gets a pass mark from me. I'll renew my sub when the time comes.
What's your plan if they go down?As things have worked out, I have not yet bought any of their formal first-pick recommendations (except for one company which I already owned before I joined) but I have picked up on two or three of the other stocks they have discussed. These have not done anything amazing for me at this stage but I'm happy to hold and watch them gradually go up.
Have your profits from the shares bought following their advice exceeded the cost of your subscription so far?(So far so good!) I'm happy to recommend the Motely Fool Share Advisor too. I'll most likely renew when my subscription comes up. I think the service is a worthwhile one and it sits well alongside my Intelligent Investor subscription - two quite different services, both valuable, neither one expensive as these things go.
I have stop-losses set. They haven't been triggered. One came not too far from them at one point but has recovered nicely and is moving up into the green now, little by little. I reckon it's good for a fair bit more upside though, so I'm sitting put for a good while yet.What's your plan if they go down?
For TIE, yes, easily.Have your profits from the shares bought following their advice exceeded the cost of your subscription so far?
I purchased Unholy Grails and basically skimmed through it, then gave it to a friend of mineYou'd have to go a long way to beat THE CHARTIST.
Nicks been around over 20 yrs. Has published 3 books the latest
Is Nick's latest book something you can just read, or is it neccessary to have read the first two in order to properly understand?I purchased Unholy Grails and basically skimmed through it, then gave it to a friend of mine
who is pretty set in his ways with "buy and hold."
It took me a month to get it back. The friend is now busy computing strategies.
This book is what I needed in 2006. However now that I have it, all the better.
About a third of the book is discussions with experts. ...very good. i.e. the comments.
What I like is the Example Strategies. 8 of them. The concept of the thinking behind them.
Following this, is Proof of Concept.
It is interesting because I spoke to a fund manager(in 2004) about this type of concept, and was told
that's not how it's done. I accept now, that not how they were going to do it.
The Preface is the best I have read of any book. It talks about the "Fosbury flop" in high jumping".
How it would not work, and is now the accepted method.
I will close with a comment from the Preface.
"The contents of this book are actually nothing new, although only practiced by a quite few;
indeed the broad concept can be traced back to the 1800's."
The book sums up how to make money out of trading.(in my case more).
And all for an approximate price of a carton of stubbies.
I found the book is a stand alone .Is Nick's latest book something you can just read, or is it neccessary to have read the first two in order to properly understand?
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