Outperform the Dow: Using Options, Futures and Portfolio Strategies to Beat the Market (Wiley Trading Advantage Series) - Hardcover

Über die Autorin bzw. den Autor

Meissner previously spent six years operating derivatives desks for Deutsche Bank in New York, Frankfurt, and Tokyo. He wrote Trading Financial Derivatives and has published numerous articles in international journals.

RANDALL FOLSOM, CPA, received his BS in Computer Science from the University of Maryland and his MBA from Hawaii Pacific University. An expert in information systems, Folsom is currently working as a systems analyst for Applied Materials, Inc.

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"Outperform the Dow presents not only fascinating statistics about the performance of the Dow itself but also how to beat that performance with nearly four dozen different methods, from the basic to the sophisticated. You won′t often find strategies involving futures and options included in this type of discussion, but this practical guide shows how they can be used to boost your returns in simple, safe ways you might never have considered." –DARRELL JOBMAN, CoAuthor of The Complete Guide to Electronic Futures Trading

The Dow Jones Industrial Average is the most widely followed equity index in the world, and the benchmark against which most U.S. investors measure their investment returns. Outperform the Dow outlines strategies and techniques that many investors have used to consistently beat this benchmark–and pump up their portfolio values.

Outperform the Dow goes beyond simply discussing these strategies to provide solid, statistical evidence of their consistent superiority in up, down, and sideways markets. Learn here how you can profit from Dow–beating strategies that include:
∗ Last Year′s Winners n Smooth Risers
∗ Tuesday Opportunity
∗ Triple–Witching Days n Fool′s Forecast
∗ Semi–Monthly Analysis
∗ January Momentum
∗ Covered Call Writing
∗ October/June Straddles
∗ Exotic Options

The objective of investing is to supply companies with capital and for the investor to gain profits. History shows that over time, certain techniques and strategies have consistently allowed savvy investors to gain exceptional profits. Discover the secrets of successful investors, climb down off the "buy–and–hold" bandwagon, and learn how to really make your money work for you with Outperform the Dow.

Please visit our Web site at www.wileyfinance.com

Aus dem Klappentext

"The purpose of this book is to explain the Dow Jones Industrial Average and modern financial instruments to the reader. Using these financial instruments we will derive investment strategies that exploit the seasonal and fundamental patterns of the Dow and individual companies. We will show that it is possible to systematically produce better returns than the Dow."

-from the Foreword

In those three sentences, authors Gunter Meissner and Randall Folsom sum up the purpose-and power-of Outperform the Dow.

Over the years, certain techniques and strategies have been proven to consistently provide returns superior to the overall Dow average. Outperform the Dow presents the best of these techniques in a straightforward style, explaining how to use each technique-and which works best in a variety of investment environments.

Chock-full of uncomplicated yet potent port-folio strategies and futures and options plays, this useful guidebook profiles and explains history's most proven techniques and investment products. For example: * The Tuesday Opportunity - Over 50% of the Dow point gain in the last 30 years has occurred on a Tuesday. Learn how to use futures to leverage profit from this remarkably consistent anomaly. * Last Year's Winners - Since the mid-1980s, this easy-to-implement strategy-lower in risk than virtually every other portfolio strategy-has outperformed the Dow by 6.7% annually. * January/October - Over the past 30 years, over 19% of the Dow increases occurred in January. October, however, was on average a down month. Option strategies described here can help you exploit these solid trends. * Covered Call Writing - Discover how to use this strategy-among the most popular of all option strategies-to garner potential returns of 100% or more on highly volatile Internet stocks.

Fundamental analysis...Technical analysis... Portfolio strategies...Options...Futures... History has shown that certain tools-if used correctly-can measurably improve the performance of virtually any portfolio. Outperform the Dow is, quite simply, a catalog of the most consistently successful investment strategies and products. Learn now how to implement them in your investment program, dramatically increase your odds of Dow-topping portfolio performance-and give yourself that market-proven extra edge.

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PREFACE

Aren't you ashamed to be concerned about money and about the soul and the truth you don't care? - Socrates

This book is about money. Lots of money. And we care. Not only because we have Japanese wives and they are somewhat demanding, but because we believe that in our time it is important to know about investing and modern financial instruments. Being knowledgeable about finances makes life easier. It raises the efficiency of your work, make sit easier to put your kids through college, promises vacations to Hawaii, and most importantly, it ensures a secure retirement. All this can be achieved with a very low degree of risk.

The purpose of this book is to explain the Dow Jones Industrial Average and modern financial instruments we will derive investment strategies that exploit the seasonal and fundamental patterns of the Dow and individual companies. We will show that it is possible to systematically produce better returns than the Dow.

In Chapter 1, the history, composition and calculation of the Dow is explained. In chapter 2 we show the contemporary methods to forecast stock prices and evaluate them. Chapter 3 deals with portfolio strategies concentrating on outperforming the Dow and minimizing risk. Chapter 4 explains futures and derives methods for beating the Dow with futures. Chapter 5 clarifies standard options and shows ways to outperform the Dow with standard options. In Chapter 6, the reoccurring volatility cycles of the Dow are exploited to derive maximum return strategies. In Chapter 7, exotic options are introduced and their practical application to maximize profits is explained.