Reader Included Stock Trading Riches in Their Amazon List of Recommended Trading Books

A reader on Amazon included my book "Stock Trading Riches" in their list on formula investing books.

They even tested my system:

"When using Puri’s spreadsheet and making one trade on the S&P 500 ETF (Ticker: SPY) on the first trading day of each year from 2001 to 2008, the result is that his system did beat Buy & Hold. The compounded annualized return of buying and holding the SPY index only, was 1.7%, while Puri’s system delivered 2.0%. Better results may be had with individual stocks, other ETFs, or closed-end funds."

I am grateful for the review. Also, I recommend not using a general index fund because it will lack volatility because the fluctuations of the individual components will cancel one another out.

Instead, my system works much better with a portfolio diversified among stocks and/or sector funds. The "Stock Trading Riches" formula would then be applied individually to each stock or fund to generate a better return by taking advantage of each position's volatility.