 Small priced stocks can provide a fantastic return. |
| Review Date: March 8, 1999 |
| Assessor: CBostrom@wyellowstone.com, West Yellowstone, MT |
| Mr. Bowser has provided the public with a tremendous set of strategies to incorporate into our own investing approaches. He has done so by staying away from a lot of the "Wall Street Jargon" which can frighten many of us who are still culture. He provides information which is below the radar screen for most of the larger brokerage houses. If you are attracted in pursuing investing on a do-it-physically basis, his book will provide you with a solid basis from which to start your search for appropriate stocks. Most of us can afford to buy some shares at less than $3.00/share. Mr. Bowser provides the education de rigueur to select those stocks. He has done a very excellent service for the "small guy" in the investing field. |
Fantastic Book
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| Review Date: August 8, 2000 |
| Assessor: Jeffery, Indiana |
| I read this "fantastic book" and it showed me the steps to buying and selling penny stocks... The author gives you a wide range of stocks to chose from in his newsletter. You can get a sample copy of the newsletter with the coupon in the back of the book. Get your money's worth here. |
Fantastic book for new investors
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| Review Date: April 2, 2007 |
| Assessor: Piggylover, Gloucester VA |
R. Max Bowser's 1st book, Making Dollars with Pennies, is a fantastic book for those individuals looking for a manual to initiate them to the stock market, its inner workings, and those vital parties involved in it. The terms of the stock market are clearly certain and the down-to-earth writing makes the reader feel like the author is language directly to the reader. The author very quickly develops a rapport with the reader. There is a particular humor on paper into every condemn as Mr. Bowser pokes a small fun at himself and irregularly at fellow investors that have in some way fouled themselves in the stock market game.
The main purpose of Making Dollars with Pennies is to initiate the reader to the program he uses to establish which stocks to buy and when to sell. Some points that are very accurately followed are: Why an investor would be attracted in "ministocks"; What the Bowser Game Plot is; Its evolution; and even how the Bowser Ratings are single-minded.
Mr. Bowser does a very excellent job in program the reader exactly why he/she should consider "ministocks", even taking into account the relative volatile nature of the minipriced stocks. The author succeeds in convincing the reader that if he is uncomplaining, has a versatile portfolio, and follows Mr. Bowser's suggestions as to which stocks to buy, that the reader will do honestly well. Mr. Bowser backs up his statements by program the reader a piece of his past in which he was not so successful in the stock market and how he learned how the stock market works. He clarifies how these findings of how the stock market works were developed into The Bowser Game Plot. He also clarifies in depth the unfathomable Rating System and what it entails, raising the veil on how Mr. Bowser finds these small moneymakers.
As for the book, its layout and other mechanical factors of the book, I found the large print very simple on the eyes, making it a pleasant to read. The catchy titles of the chapters and subchapters encourage the reader to continue on with the next chapter. Plenty of charts help give reasons for anything the reader may not know. Perhaps the only thing that might be painstaking slightly off is that there doesn't seem to be any real order in which the chapters are presented. The first half of the book is ardent to explaining the stock market basics and the value of "ministocks" and the second half of the book is ardent to the explaining the Bowser Game Plot and how it is used. Otherwise, there really isn't any method to the chapters. But, it doesn't affect the readability and enjoyment of the book. It's kind of a go-with-the-flow type of conception.
All in all, R. Max Bowser's Making Dollars with Pennies is a momentously useful and enjoyable book that should be read by anyone considering inflowing the stock market. Mr. Bowser is very well-informed in the ways of the stock market and is obviously very willing to help those who are willing to learn and make it in it. He very clearly demonstrates how his program works and how it should be used to make it work, and he does it in a charming and humorous way, making it simple for the reader to continue in what can be a very dull subject. This reader found the book very useful and enjoyable. A certain must-read for those inflowing into or attracted in the stock market.
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Beat Wall Street
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| Review Date: December 1, 2000 |
| Assessor: Tommy, Long Island NY |
| If you can consistenty beat Wall Street you will be headed for the record books. I do agree with the author that you can beat Wall Street but you need to place in allot of time and research. There are books like The guide for penny stock investing that can help. The key is to do your research and then to hold on to your stock as it moves up. Donny Lowy in his guide and Max in his book do supply the extra control to make it happen. |
An Unusual and Refreshing Approach to the Market...
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| Review Date: December 7, 2001 |
| Assessor: aseclyst, Small Hills, NJ USA |
| This is maybe the worst on paper book that I could conceive of giving four stars. The reason I am rating "Making Dollars with Pennies" so highly is due to its make pleased and because Max Bowser, who has been publishing his "Bowser Report" for over 25 years, is the real deal. Really, the book is a quick and simple read, with a folksy demeanor. No high finance here. The book may be most helpful for people who have already been in the market for a small while (and perhaps been burned). The book is weak as a work of literature due to its poor organization and repetitiveness (stressing diversification among 12 to 18 stocks several times). I believe that to make it as an active investor in today's market, you need some kind of an "edge" or a niche. One way to obtain that is to focus on stocks trading under $3 per share, as Max does. Let the book serve as your trail guide into the jungle of less vital stocks. While Max rails against the studious ignorance among institutions of these by all accounts risky shares, in practice he is quite strict about what he does. Even if the choice of new issues is somewhat covered in mystery (with Bowser encouraging readers to subscribe to his monthly report in order to get new picks) he gives sufficient detail of his "Bowser Rating" system to uncover his plotting process. Two significant ways Bowser reduces risk of investing among less vital stocks is by having a bias towards companies with strong balance sheets and a consistent record of past earnings - no development-stage, long shot plotting stocks here. One vital caveat to keep in mind about Bowser's system is that it was honed during the mid-to-late 70s, when treading water was often hard. To the extent that his slant or conclusions have become stale or outdated, it may trace to thoughts he tested at that time. In person, I find the vintage comforting as our 2000-2010 market may maybe have more in common with the 70s than the 80s or 90s bull runs. Also please note that some of his suggestions, above all for the technicalities of social class up and monitoring a portfolio, appear to have been made obsolete by the internet. Aside from diversification, Bowser's maybe most vital other safeguard is a formula for selling. First of all, whenever a stock's "Bowser Rating" falls below 8, the stock is sold, forcing an investor to sell companies with fading nitty-gritty. Secondly, whenever a stock doubles, an investor is positive to sell half of his or her spot, seizure cost. The remainder of a rising spot is then held until it declines 25% from its most recent high. How have Bowser's picks (from over 25 years of newsletters) done over time? As he says towards the end of the book [p. 157], 47% of the companies are still in business, 26% have been bought out and 27% are bankrupt. Over their land periods, more recommended stocks have declined than have advanced. But, absent audited data, it appears that tiny minorities of winning stocks have more than made up for the losers. These huge winners are mentioned in an "honor roll", and contain firms such as Semtech, Smithfield Foods and Alpha Systems. The fantastic hope of the investor in small stocks is not that the average pick will do well, but that a small number of them will be huge winners - which is why diversification is so vital. "Making Dollars with Pennies" is only a beginning. It is no use instead for doing more work on your own. |
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