The Whiz Kid of Wall Street's Investment Guide: How I Returned 34% on My Portfolio - Hardcover

Seto, Matthew

3.08

12 ratings by Goodreads

9780688145675: The Whiz Kid of Wall Street's Investment Guide: How I Returned 34% on My Portfolio

Hardcover

ISBN 10: 0688145671 ISBN 13: 9780688145675

Publisher: William Morrow, 1996

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At age fifteen, Matt Seto set up a mutual fund with $23,000 from relatives and has since watched it top the Dow Jones Industrial Average by 31 percent annually, outperforming 99 percent of the funds in its category and bringing him national media acclaim. Here, Seto shares the profoundly simple but enormously effective investment philosophy that caught the attention of Wall Street and the world. Forget brokers and the chore of tracking stocks. Matt shows how to mix street smarts with good judgment to develop a powerfully lucrative investment strategy. Loaded with common sense and great tips on demystifying the market, spotting misleading trends, minimizing risk, and much more, The Whiz Kid of Wall Street's Investment Guide offers innovative investment strategies for everyone.

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From Booklist:

Another great American success story--a young boy from a Detroit suburb gets interested in the stock market and begs his father to let him give it a try. After Dad does his best to warn the boy of the peril of jumping in with no help from brokers, young Matt begins investing money and bingo! Suddenly he's outperforming 99 percent of all mutual funds in the country and is the hottest thing on Wall Street. In this book, Matt, now 17, shares how he does it. The big surprise is that he does not have a magical method; instead, it's research, research, research. A lot of time at the library, sucking up information from company profiles, and simply buying stock in companies whose products and services were consistently used by his family and friends are his "secrets" (and hard work and research are much less glamorous but always so much more reassuring to the average American than some supersecret method). Matt does include some of his best stock tips here, but it's how he arrived at those conclusions that makes this book a quick, fun read and a big help to those who like to dabble in the market, no matter what their age. Joe Collins

From Library Journal:

Now 17 years old, Seto admits to becoming obsessed with the stock market at the age of nine. What motivated him to learn everything he could about the stock market was the infamous minicrash of 1987 and, he admits, not a little avarice. After synthesizing the wisdom of financial writers like Benjamin Graham, Peter Lynch, Peter Bernstein, and John Train, he applied himself to formulating an approach that identifies undervalued stocks through a fundamental analysis of the financials of target companies. His investment results inspire envy, exceeding 30 percent gains for the past three years, and he emphasizes that he uses information readily available in most libraries. A terrific object lesson and a good choice for public libraries.?Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1996 Reed Business Information, Inc.

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