DePorre was an attorney until he lost his hearing -- and then his practice and his marriage. With nothing left to lose, he took the balance of his savings and, after dabbling in a few online investment groups, began investing on his own according to a plan he developed.
Why the shark theme? Sharks are ruthless predators, aggressive and quick to strike, but also quick to leave when danger is sensed. Sharks stay active and focused, patiently trolling for prey, and are adaptive, able to change tactics and react on a dime. Sharks also "feed" best in the middle of a frenzy. These, according to DePorre, are also the hallmarks of a successful investor.
In "Invest Like a Shark" you'll learn:
How to avoid being passive, the death knell for any amateur investor.
Why you as an individual are better at the stock market than money managers at investment companies. You can, and should, manage your stocks aggressively, and cut your losses quickly. In other words, grab your profits and run. Take advantage of your flexibility as an individual.
Why "buy and hold" investing doesn't work. Wall Street wants you to do just that; however, the salary of a money manager is likely dependent upon how many invested dollars he's managing, not what profits are being created for investors. Additionally, just sitting on a stock places it in potential danger if the market as a whole weakens.
Why "buy low, sell high" is flawed thinking. DePorre dismantles this Wall Street myth, as well as others.
Before you invest in the stock market (or if you already have and it isn't going well), take a look at "Shark Investing." DePorre will show you exactly how he made money -- and how you can, too.
For more information, take a look at SharkInvesting.com, created by DePorre.
David Uffington regrets that he cannot personally answer reader questions, but will incorporate them into his column whenever possible. Write to him in care of King Features Weekly Service, P.O. Box 536475, Orlando, FL 32853-6475, or send e-mail to columnreply@gmail.com.
(c) 2007 King Features Synd., Inc.