The key to successfully expanding your investment opportunities is, of course, information. This book introduces you to high-powered investing techniques and options you can pursue as you expand your portfolio — all in plain English. Whether you’re just beginning to explore more advanced investing or have been dabbling in it for a while but need strategies to increase your success, this book can give you the information you want. For example, you can find
✓ What your high-powered investing or trading options are: A whole series of investment opportunities go beyond the traditional stocks and bonds. You can trade commodities, foreign currencies, and futures
and options, all of which require a more hands-on approach. If you’re well- heeled, you may decide that hedge funds — private investment partnerships — are the way to go. You can find information on all these vehicles in this book.
✓ Keys to being a successful trader: Investing and trading are vastly different. With the former, you buy and hold with the expectation that your returns will increase over time as the value of the security goes up. With the latter, your success depends on how accurately you’re able to read the market and how quickly you can react to fluctuations. Nearly all the higher-end investment options covered in this book — currencies, commodities, futures, and options — rely to a greater or lesser extent on these trading skills.
✓ How to value a business or spot pricing trends: One key to being a successful investor is knowing how to get the information you need to make good — and timely — decisions. When the value of the underlying security is important, you need to know how to evaluate it. When being able to recognize market trends is the key to success, you have to know how to forecast them.
This updated edition of High-Powered Investing All-in-One For Dummies gives you the information and answers you need to incorporate these investing strategies and options into your own personal investing style. Even if you don’t adopt most of the principles and techniques described in this book, your awareness of them will make you a better investor.
Unless you’re going to become a professional trader (rather than simply an empowered personal investor), you probably don’t need to know everything in this book. You can bypass paragraphs with a Technical Stuff icon, which highlights esoteric details that not everyone has the stomach or time for, and sidebars, for those dizzyingly technical explanations that go on for more than a paragraph (and don’t they usually?). Neither are vital to your ability to ramp up your investing strategy.