Trading Software and Books Reviews

Investing On Wall Street

Investing On Wall Street, as its name implies, is not a trading book but rather a practical guide to investing in the US. If you have ever been curious about how to invest in the world’s largest economy but have been too afraid to ask, then this book is for you.

Andrew Quin develops a logical case for considering investment opportunities in the US. It’s like comparing cars to go-karts. By not investing in the US, which has a population of 292 million people compared with Australia’s 20 million, traders are restricting the growth potential of their investment portfolios.

Investing On Wall Street is divided into two parts. The reader is first introduced to the investment opportunities offered by the US in terms of its population, demographics, product range and capital markets. The reader then enjoys a discussion on investment theory and investment psychology.

Part Two makes up the bulk of Investing On Wall Street, with a practical look at how to get Aussie dollars invested in the US market. Andrew Quin provides an easy-to-follow explanation of the differences between the Australian and the US markets, how to access the US market efficiently and effectively, how to find a suitable US online broker and how to manage the currency risk. There is also a section dealing with tax and other offshore investment issues.

Investing On Wall Street is well written. Although the book is a little light on investment methods (and the author does acknowledge this, deferring to those who are more astute at such things) it well and truly makes up for it with its practical section on how to invest in the US. For the small price of $A34.95 you too can safely learn how to become a US investor.

This article was originally published in the Sep/Oct 07 issue of YourTradingEdge magazine (www.YTEmagazine.com). All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.

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