Bull Hunters Guide to The US Stock Market
Hi and welcome to our brand new blog at
Universal Wealth Creation.
This software is currently undergoing testing, however the time of year plus my unwavering faith in my in-house WebGuru: Mr Basil, leads me to proudly release it pre-Christmas.
That, and of course the release of my latest (well, first) ebook:
The Bull Hunters Guide To The US Stock Market
I put it together to simplify the workings of the stock market. Why the US? Well, no real reason. It is the biggest and most liquid market in the world and I’ve learnt plenty about the ASX here in Australia.
So the US it is. Oh! Yes, another thing; I checked my stats on my website: Universal Wealth Creation a few months back and I had over 10,000 visitors from the US alone and nothing substantial to offer them in my field.
So that helped me put this book together. At first it was going to be a little 20 page thing in PDF format. Maybe a few weeks to put together. No worries!
Well, a few months later I have myself a 36 page ebook that, If I may say so myself, explains the market pretty well for a novice and hopefully a few experienced hands too. Surely, there will soon enough be some responses back on the quality anyway.
Rather than having a glossary in the book, there is an online stock market glossary available on the Universal Wealth Creation site with links throughout the book. So simply click on the word and it will put the explanation straight in front of you as long as you’re online.
I welcome your feedback and hope to hear from you very soon.
Oh Yeah! And have a great Christmas! Im off to Albany and looking for some days of doing absolutely nothing. Haven’t had that for a while. Cool!
Talk to you soon
Regards
Sean Rasmussen
Universal Wealth Creation © 2004 - 2007
May 30th, 2007 at 10:15 pm
Just a slight correction. Foreign Exchange is the most liquid market in the world today. 1.5 - 3 Trillion a day. Keep up the good work.
Gerard
May 30th, 2007 at 10:17 pm
Thanks Gerard
Looks like my research for the 2007 version has already started.
Cheers
Sean Rasmussen
Universal Wealth Creation
May 30th, 2007 at 10:17 pm
Very informative! I would say an excellent source of information for those requiring information regarding stocks from start up. Good work.
Mark
May 30th, 2007 at 10:18 pm
Thanks Mark
That was my intention with the book. Just basic information rather than a lot of technical stock market “stuff”.
Sean Rasmussen
Universal Wealth Creation
May 30th, 2007 at 10:22 pm
Well done Sean. Easy to read, easy to understand, and great introduction to US Stock Market. Keep up the good work.
Keith
May 30th, 2007 at 10:23 pm
Gday Sean,
I found your ebook very informative & a great introduction. I also liked the hyperlinked explanations very valuable. I look foreward to your next ebook & thanks for making it available.
Kindest Regards
Ken Grady
May 30th, 2007 at 10:23 pm
Hi Sean, A very informative, easy to read book that gradually leads the reader through the process of how business works. I think it is fantastic in that the very simplicity of it will help many people to understand the whole private enterprise to monster corporation process. I liked the hyperlinks too, think they are a great idea. I wish you every success with this and if you haven’t downloaded this, why not do it now? It’s great. Thanks Sean!!!
Kath
May 30th, 2007 at 10:23 pm
Fantastic little book Sean, nice work. Very easy to read with some great factual infomation. Keep up the good work and I look forward to the next one.
Steve
May 30th, 2007 at 10:24 pm
Dear Sean,
As a novice we found your Book easy to understand and very informative. You have done very well and thank you for letting us read it.
Louise
May 30th, 2007 at 10:24 pm
Hi Sean, a very nifty little production. Congratulations on your first e book, it sounds like you are very proud of it and rightly so. Previous to reading it I knew very little about the contents, and so, am now more informed on both general stock and shares information as well as the underlying structure of what makes the American stock and shares system operate. I enjoyed the hyperklink/glossary and found it helpful. I am looking forward to my beginnings in the Australian stock market and perhaps on to bigger things.
Deborah
May 30th, 2007 at 10:25 pm
Thanks for all the feedback, so far. Im happy to hear (see) that the Bullhunters Guide is getting a positive reception. I hope that you will pass it on to anyone who might benefit from it. The stock market can be very scary to many people and reading this little book can atleast help “minimise” that fear by gaining some understanding of the basic concepts.
Sean Rasmussen
Universal Wealth Creation
May 30th, 2007 at 10:25 pm
Hi Sean,
Fantastic reading, interesting and easy to understand. Just one question, on p10 you mention that if a corporation goes bankrupt it will distribute the proceeds of its remaining assets, first to its debtors and then to shareholders. Whereas, in AU those we owe money to are creditors (ie Accounts Payable), and those that owe us money debtors (Accounts Receivable) do our US friends treat these terms the other way or I am misunderstanding this sentence?
Looking forward to the next instalment,
Keep up the good work and best wishes for the New Year.
Regards
Tina
May 30th, 2007 at 10:26 pm
Hi Tina
It should be “all bills gets paid” then the shareholders get the rest. I haven’t got a copy of the book handy (as Im in Albany on holidays) to check it.
Yes, a creditor is someone who the corporation owes money to. Well picked up! I’ll check it in the book and correct it for the current version of The Bullhunters Guide to the US Stock Market when I get back home. Thanks for your input.
Happy New Years Eve tomorrow night!
Sean Rasmussen
Universal Wealth Creation
May 30th, 2007 at 10:30 pm
Thanks Sean, it’s the accountant coming out in me! I wouldn’t have been surprised if the yanks did have it the other way around though.
Since you have an updated version, the other thing I picked up (but it doesn’t really matter) on page 13, JP Morgan Chase name and ticker symbol have been transposed (ie listed as name: JPM, ticker symbol: JP Morgan Chase).
Enjoy your holidays, hope you are having some halfway decent weather!
May 30th, 2007 at 10:31 pm
Thanks again Tina.
I’m planning a stockmarket derivatives version of The BullHunters Guide to The US Stock Market with renting shares and selling insurance examples on the top 30 stocks ( The Dow Jones ). Having your feedback helps me improve the first version and develop an even better version for the options. So thank you very much for that!
I’ll probably put it to a survey to see how many readers of the current version of The BullHunters Guide are intersted in topics such as:
Writing Covered calls over the top 30 US Stocks.
Writing Naked and Covered Puts over the same US Stocks.
Regards
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:05 am
Thank you Sean,
It’s amazingly easy to read and understand. Looking forward to the second one.
Regards
Daniela
May 31st, 2007 at 12:06 am
Thanks Daniela
I’m already doing some research towards the next Bull Hunters Guide. This time around I will have more experience and ammunition for a great Stock Market experience.
Regards
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:06 am
It was a good read Sean. I particularly liked your simple explanations for the “Advanced Stategies” - Going Short, Buying and Selling Calls and Puts and Options trading. Your Ebook put a lot of the jargon into perspective for a novice like me.
cheers
Ross
May 31st, 2007 at 12:07 am
Thanks Ross
Much appreciated! I read a couple of great books on trading options in the early days by Guy Bower and that really helped my understand the market.
I know the power of having the concepts explained in laymans terms. Speaking the right language is important and that is what I have aimed for in the ebook.
Cheers
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:07 am
G’day Sean, Just read jamie’s book over the weekend and finished yours just now, I’ve had this information for 6 months now(too busy working to read it,ha,)……amazing stuff, I plan to start investing in 3-4 weeks after a bit more research, maybe sooner,lol……thanks Sean……..
May 31st, 2007 at 12:09 am
Good news Allan!
Thank you. I know what it’s like to be too busy to read. I’ve been there and still am sometimes. I suppose it’s a case of having too much fun to read sometimes. LOL.
Regards
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:09 am
i just think about some investment in Australian share market.this book definitely will help me a lot.great work.
thank you so much!
Zhi
May 31st, 2007 at 12:10 am
Thanks for your feedback Zhi.
Good luck with your research. I’m glad the book is helping you.
Regards - Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:10 am
Hi Sean,
I’d like to commend you on your book - it is the clearest explanation I have seen to date of the stock market.
I would like to know more about strategies on puts and calls. My problem is when to use the one or the other and how to determine the stike price and date. I envisage that with a put for instance one could make the price too low and loose out on capital gains.With a call one may determine a price too high resulting in having to buy shhares at way above market value. To me the whole concept seems risky compared to capital building strategies. What sort of information is available to make money out of options. I am from South Africa but have visited your country and am very impressed with it and the Ausies. Happy Australia day to all the Australians.
Johann
May 31st, 2007 at 12:11 am
Hi Johann
Thanks for your commendation.
When it comes to puts & calls, there’s a big difference if you buy or sell them. Without getting into to much detail here, as it would confuse a lot of people, I can explain it briefly.
1. If you sell a PUT on the stock exchange, you are promising to buy a particular stock at a value (normally) below its current price, before a certain date.
2. If the price goes below the promised BUY price, then you have to BUY it.
3. You keep the premium received for making this promise.
4. This works best if the stock price goes sideways or up.
1. If you sell a CALL on the stock exchange, you are promising to sell a particular stock (normally yours) at a value “above” its current price, before a certain date.
2. If the price goes above the promised SELL price, then you have to SELL it.
3. You keep the premium received for making this promise.
4. This works best if the stock price goes sideways or down.
There is plenty more to it than that. Especially when you look at the other side which is Buying a Call or Put
Selling a Call on a stock that you own is called: Writing a Covered Call. Others refer to it as Renting Shares as it’s like you are a Sharelord
Hopefully I haven’t confused you with this.
Regards
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:11 am
I must say this book is an eye opener I thought the share market was just buy and sell then hope for a return but its totaly complexed in a good way…..I am excited about the challenge I am glad I read and understood the book I will use it as a reference often. Look forward to the book on renting shares as this type of stratergy really interests me!
Andrew
May 31st, 2007 at 12:12 am
Hi Andrew
I appreciate your feedback. I’m slowly working on the next Bullhunters Guide about share renting. There will be real examples based on 2006 prices for you to draw comparisons against in the real stockmarket. I plan to make it a wealth of knowledge.
Regards
Sean Rasmussen
Universal Wealth Creation
May 31st, 2007 at 12:13 am
Thanks Sean for the oppurtunity to read your book. You’ve put together an excellent reference; very easy to read, to grasp the principles & extend the logic with good examples & explanation- well done!
I’m only just starting out on this path with no real experience or insight & I’m hoping to create some wealth & a satisfying lifestyle with your help. So far I’m very impressed.
As I said, I love your book & it’s given me a solid understanding of the share market & it’s workings. I’m looking forward to your next book on share renting & am currently waiting to receive to Home Study Course.
All the best & I look forward to future correspondence. Luca.
May 31st, 2007 at 12:13 am
Hi Luca, thanks for visiting the blog and for your enthusiasm for what Sean has put together for people like you. He is at this time working on getting the next book out which I am also looking forward to.
Congratulations too on ordering the homestudy and taking action to further your education. Ivest in yourself as no one else will. Don’t forget to get into the forum at http://www.univesalwealthcreation.com/forum where you can meet other graduates and get in to ask questions.
Cheers
Angela Recchia
Universal Wealth Creation
September 5th, 2008 at 5:37 am
Hi Sean
Thank you very much for the book. Great work!!! It halped a lot to understand the principles how stock market works.
I think about investing on UK stock market. I need to do more research though and I’m not quite sure if it is the best time for noobie to invest especially now, when the recession is comeing. lol.
Krys