Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market »

Thomas H. Kee Jr. is President and CEO of Stock Traders Daily. His reports and analysis are currently featured by Reuters Research for their institutional clients. Kee writes a monthly column for MarketWatch and provides economic analysis and forecasting to a variety of institutional and retail clients. He had worked with Smith Barney, A.G. Edwards, and Morgan Stanley before founding Stock Traders Daily in January of 2000.

For many years, money managers and brokers have told us that if we just stay invested at all times, we will make money in the long run. Unfortunately, this has not been true for quite some time. In fact, over the past ten years, all major averages are negative. Buy-and-hold investors have all lost money, and given the current and future economic environment, this pattern is likely to continue for many years. It's clear that you can no longer rely on your money manager to protect your wealth. This is a responsibility we all must now assume for ourselves. The next step is to learn how to make money in a volatile market—with wealth preservation in mind. Buy and Hold Is Dead will show you how.

In this timely guide, author Thomas Kee, a widely respected Wall Street strategist, introduces you to the Investment Rate Model, a combination of tools that will help you protect your wealth and realize opportunities for the rest of your life. He offers strategies that work in both up and down markets, adjust by themselves, and keep you on the right side of the curve at all times. More importantly, he reveals a refined approach to market strategy that will remove your personal limitations and allow you to take advantage of opportunities whenever they arise. You will learn how to understand current economic and stock market cycles, how to anticipate future economic and stock market cycles, and how to position yourself so that your investments never become a burden again. Kee's ultimate objective, he explains, is to bring you into what he calls "The Comfort Zone"—a place where your investments no longer negatively affect your emotional state and where market woes no longer stifle your personal life.

The strategies in Buy and Hold Is Dead will change the way you approach your investments in the market, in real estate, or in private business by allowing you to grow without exposing yourself to the risk of loss such as you may have experienced in the recent past. The Comfort Zone awaits you—and this book will show you how to get there.

Preface ix

Acknowledgments xv

Chapter 1 The Investment Rate 1

Chapter 2 Keep It Simple, Sweetheart 11

Chapter 3 Brackish Investors and Their Impending Doom 33

Chapter 4 Golden Handcuffs 49

Chapter 5 Since When Has Losing Less Become a Winning Stratefy? 63

Chapter 6 Redefining Balance 75

Chapter 7 Contemporary Darwinism 81

Chapter 8 A Proactive Aversion 91

Chapter 9 Embracing Independence 105

Chapter 10 Ahead of the Curve 121

Chapter 11 2009: Return to Parity 137

Chapter 12 Personal Balance Sheet 145

Chapter 13 Every Day Is a Tuesday 153

Chapter 14 The Game Plan 171

Chapter 15 Oscillation Cycles 191

Chapter 16 The Golden Sequence 213

Chapter 17 Rule-Based Trading Strategies 233

Chapter 18 Automated Trading 271

Chapter 19 A Greater Depression 279

Final Thoughts: Welcome to the Comfort Zone 285

Appendix: A Real-Life Example 287

About the Author 293

Index 295