Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market

322 Pages·2009·4.37 MB·English

by  Thomas H. Kee

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Buy and Hold Is Dead
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Buy and Hold Is Dead
How to Make Money and
Control Risk in Any Market
THOMAS H. KEE
John Wiley & Sons, Inc.
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Copyright(cid:1)C 2010byThomasH.Kee.Allrightsreserved.
PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey.
PublishedsimultaneouslyinCanada.
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LibraryofCongressCataloging-in-PublicationData:
Kee,ThomasH.
Buyandholdisdead:howtomakemoneyandcontrolriskinanymarket/
ThomasH.Kee.
p. cm.
Includesindex.
ISBN978-0-470-45841-9(cloth)
1.Portfoliomanagement. 2.Riskmanagement. 3.Investments. I.Title.
HG4529.5.K44 2010
332.6–dc22
2009021632
PrintedintheUnitedStatesofAmerica.
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To Christie, who always helps me
find my Comfort Zone.
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Contents
Preface ix
Acknowledgments xv
CHAPTER1 The Investment Rate 1
CHAPTER2 Keep It Simple, Sweetheart 11
CHAPTER3 Brackish Investors and Their Impending Doom 33
CHAPTER4 Golden Handcuffs 49
CHAPTER5 Since When Has Losing Less Become a
Winning Strategy? 63
CHAPTER6 Redefining Balance 75
CHAPTER7 Contemporary Darwinism 81
CHAPTER8 A Proactive Aversion 91
CHAPTER9 Embracing Independence 105
CHAPTER10 Ahead of the Curve 121
CHAPTER11 2009: Return to Parity 137
CHAPTER12 Personal Balance Sheet 145
CHAPTER13 Every Day Is a Tuesday 153
CHAPTER14 The Game Plan 171
CHAPTER15 Oscillation Cycles 191
CHAPTER16 The Golden Sequence 213
CHAPTER17 Rule-Based Trading Strategies 233
CHAPTER18 Automated Trading 271
CHAPTER19 A Greater Depression 279
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viii Contents
FINALTHOUGHTS Welcome to the Comfort Zone 285
APPENDIX A Real-Life Example 287
AbouttheAuthor 293
Index 295