Secrets of Millionaire Investor Book Review by Adam Khoo and Conrad Alvin Lim

Before this book, I had no idea what the real techniques were for investing in the stock market. When I saw this book on the bookstore shelf, I immediately turned its pages to check its contents and was pleasantly surprised by the level of detail and coverage of investing in the stock market. Impressed with what I read, I bought it without hesitation.

After reading this book and applying some of the lessons taught, I can say that I am now a better stock market investor. Before, I was just a novice. I’ll explain why.

This book teaches the fundamentals of stock picking that Adam will show you. The technicalities of trading are illustrated by Conrad, who traded his way out of bankruptcy using very good strategies. He easily earns US$5000-US$7000 a month trading stocks and options. That can replace anyone’s salary at any time, don’t you think? His record is US$22k++ in a single month.

One of the important concepts mentioned at the beginning of the book is investing in the stock market and using the power of compounding. You can be an automatic millionaire when you retire using this technique. All you need is patience and some investment consistency. This is how Warren Buffet became the richest man by investing in the US market and letting the returns on his investments accumulate.

The rest of the book explains four strategies for growing your funds in the stock market based on the level of investor you’re currently at with the returns and time horizon you’re looking for.

The first growth strategy is the most basic level for novice investors that teaches you how to achieve compound returns of 10% to 12.08% per year by buying the market or buying sectors or industries that are outperforming.

The second growth strategy shows you about value investing that can earn you a 15% to 25% annual return. This method requires you to buy large companies at a deep discount and sell them for a large profit. Warren Buffet uses value investing to pick his stock. He will learn the nine value investing criteria for choosing stocks that investors like Warren Buffet or George Soros would choose.

The third growth strategy tells you about momentum investing, which can achieve a higher return of more than 25% in a shorter time, such as 3-6 months. This involves selecting stocks whose price is about to increase significantly due to market optimism. Adam walks you through seven steps to spotting these kinds of actions.

The latest growth strategy is the most advanced of all, allowing you to net profit from 100% to 500% in one day to 3 months. This strategy involves buying and selling stock options that are traded. Trading allows you to make money in any direction, be it up, down or sideways. The authors have dedicated 2 chapters to explain the basics of options and are clearly illustrated with examples of some commonly used strategies for the reader.

I really enjoyed this book because it was clearly written and provided a practical approach to investing and trading. This book has given me a good foundation as a beginner to prepare for more advanced strategies and implementations. I highly recommend this book to anyone who wants to start investing or trading in any stock market and doesn’t know how to get started.

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