Binding: Paperback
Dewey Decimal Number: 332.64
EAN: 9780471215301
ISBN: 0471215309
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 196
Publication Date: May 10, 2002
Publisher: Wiley
Sales Rank: 905478
Studio: Wiley

---

Related Items:

• Technical Analysis for Dummies
• The Global Trader: Strategies for Profiting in Foreign Exchange, Futures and Stocks
• CNBC Creating Wealth: An Investor's Guide to Decoding the Market
• Currency Trading For Dummies (For Dummies (Business & Personal Finance))
• The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments
• see more

---

Editorial Review:

Product Description:
"Marshall McLuhan said, 'We have become a global village,' CNBC has helped lead the way in creating a global village for the financial markets. Readers will finish CNBC 24/7 Trading feeling smarter about the markets and really understanding how important it is to be in the information flow." -Mary Meeker, Managing Director, Morgan Stanley Dean Witter
"CNBC 24/7 Trading unlocks the mystery of how individual investors can invest and trade everywhere all the time. This book will become the investment bible that levels the playing field between Wall Street and Main Street." -Robert J. Froehlich, Vice Chairman, Kemper Funds Group Managing Director, Scudder Kemper Investments
"TD Waterhouse has operations in eight countries, so we see that growth in international investing is accelerating. To be successful investing around the globe, investors need both information and insight. CNBC 24/7 Trading covers what individual investors need to know in a thorough, easy to understand way." -Steve McDonald, CEO, TD Waterhouse
From the Foreword
"CNBC 24/7 Trading . . . embraces the reality that the markets never stand still . . . this book is a guide to the emerging 24/7 marketplace, a road map to the potential rewards for investors who can grasp that marketplace's opportunities and understand its risks."-Sue Herera
"This definitive book on investing in the 24/7 markets provides the comprehensive tools for active investors and market pros alike. Offering information and advice on trading, obtaining research, measuring market volatility, and assessing local market risk, no smart investor should venture without it." -Linda R. Killian, CFA, Principal, Renaissance Capital

Amazon.com Review:
Nothing has so altered the investment landscape in the past five years as the Internet and the CNBC network. The availability of real-time financial news, data and analysis, and instant order entry and execution have empowered investors and democratized financial markets. Barbara Rockefeller's CNBC 24/7 Trading is a primer for what's fast approaching--a trading day that never ends, where at least 500 international stocks can be bought or sold electronically anytime, anywhere.

The book's main theme is the importance of including foreign stocks in a portfolio to lower risk and increase returns. Current portfolio-management theory, or "modern portfolio theory," holds that foreign stocks have historically outperformed American stocks and tend to move up and down at different times, as well. Thus, a portfolio that includes both is not only less risky but also likely to perform better over time. The point of optimum diversification, the "efficient frontier," is where the greatest returns are achieved with the least risk. They make the case that to not diversify is to actually take a bigger risk. In fact, today more money is invested and managed according to the tenets of modern portfolio theory than by any other method. Yet, missing in this book is any discussion about the impact of an increasingly wired world on stock volatility everywhere, and especially on the "noncorrelation" between U.S. and foreign stocks, on which modern portfolio theory is predicated. Recall how quickly the Asian financial crisis spread to Brazil and then to Russia just a couple of years ago. In the near future, events may well impact all stocks globally in the same way at the same time.

The book explains well the many risks in buying foreign securities. There's currency risk; country-specific economic and political risks; foreign-market, liquidity, broker, and back-office risk; foreign-company operational risk; and accounting standards that are anything but standard. What's more, it's harder, at least for now, to get timely and accurate news and financial data from overseas. The book does cover several theoretically safer methods of investing abroad, including American Depositary Receipts, iShares (foreign index shares), and open- and closed-end funds. And there are sections on the basics of foreign exchange and even charting for beginners.

Investors interested in taking a financial worldview will find here all the reasons they should--and plenty of things to worry about if they do. --Scott Harrison




Rating: - Excellent explanation with lots of research leads
This book is an excellent addition to a collection of a small investor who wants to learn about the benefits of international investing. However, it is also a great reading for somebody who is just starting in the field of Finance. It explains basic concepts very carefully, so that a good base is established for further explanations. Yes, to a certain point it concentrates more on non-U.S. markets, but I believe this is only because U.S. market information is readily available to us every day. ... Read More

---

Rating: - Misleading
Whereas this book definitely has its good points, the title is quite misleading. As a matter of fact its focus is quite limited mostly to foriegn markets and evaluating these investments combined with trends within the many international markets. On a general level this is discussed fairly well but the details are explained in a matter where it is assumed that you have taken a good number of economics classes. In addition, the different chapters seem to touch back to the same point that when investing ... Read More

---

Rating: - Thrill-o-minute romp it isn't...
Although Barbara Rockefeller's attention to detail and obvious knowledge of the inside world of the life of a stock trader are quite phenomenal, I found the story lacking direction, and the climax weak. The characters of George Soros and Abby Joseph Cohen, for example, are minimally developed at best, and unnecessarily verbose at times. But Rockefeller has most certainly done her homework in terms of setting the stage for her story, an example that more contemporary writers should heed. All in all, however, ... Read More

---

Rating: - A Useful Tool
Barbara's book is a much needed addition to the trader's library. As currency, bonds, and stock index futures are now traded around the clock, the need for more information on how to deal with this fast-paced environment is much needed. Barbara's real expertise is in the currency sector and the information in the currency chapter alone is well worth the price of the book. As a CTA and investment advisor, I find Barbara's information highly useful and would highly recommend this book.

---

Rating: - Fair warning
A recent amazon.com reviewer states incorrectly that Barbara Rockefeller's 24/7 Trading fails to note that the increasingly wired world raises volatility and affects the correlations among global stocks because this is one of the main points in the book. To wit: "...the developed world is so wired together these days that a drop in the Dow and the Nasdaq is often followed by an equivalent drop in the Nikkei (225 (Japan), DAX (Germany), CAC (France), DTSE 100 (UK) and other major indices." (p.187) She continues, ... Read More

---

Browse for similar items by category:

• Popular Economics - Business & Investing - Subjects - Books - General
• Business & Investing - Subjects - Books - General
• Investing - Business & Investing - Subjects - Books - Futures
• Investing - Business & Investing - Subjects - Books - General
• Investing - Business & Investing - Subjects - Books - Options