Juggling Dynamite: An Insider's Wisdom on Money Management, Markets, and Wealth That Lasts

Juggling Dynamite: An Insider’s Wisdom on Money Management, Markets, and Wealth That Lasts

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With straight talk and real life stories, this book shows you how to protect your investments so that neither you nor your money are trampled by the myths and herd mentality of the marketplace. Investing can be challenging. Compounding the problem are the pressures that stem from the profit-seeking investment sales industry and the business media. In Juggling Dynamite, portfolio manager Danielle Park reveals the insider wisdom you need to build and preserve your wealth through the market cycles. Park explains how investors can benefit from understanding cycles, the cost of mutual funds, and the evaluation of stock prices. This book will equip you with the tools to make your portfolio grow using active investing and market timing. Juggling Dynamite will enable you to reach that elusive brass ring: lasting financial success.
Publisher ‏ : ‎ Insomniac Press (March 1 2007)
Language ‏ : ‎ English
Paperback ‏ : ‎ 256 pages
ISBN-10 ‏ : ‎ 1897178344
ISBN-13 ‏ : ‎ 978-1897178348
Item weight ‏ : ‎ 272 g
Dimensions ‏ : ‎ 15.24 x 1.17 x 22.86 cm
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13 reviews for Juggling Dynamite: An Insider’s Wisdom on Money Management, Markets, and Wealth That Lasts

  1. Amazon Customer –

    Different angle thinking
    It refreshing take on the investment industry as a whole. The book well explains that average people with average investment horizons of 20 years can not be too optimistic and look at hundred year averages of stuff always going up in the long run. We do not have 100 year so their might be a time to be in the market and a time to be out of the market. There are often long down cycles to those 100 year averages and should your lifetime be during one of those, then you need to think differently. The buy and hold strategy is always good for the people making commissions only if you are in. The issue is to start thinking for yourself when you should actually be out for a while for your own good. Finding anyone honest enough to explain that being out is the only strategy in during certain period is a rare gem. Read this book.

  2. Greg Nelson –

    Okay I can’t trust the financial industry but know what?
    Good book that points out the problems with the financial industry, but I’m no further ahead after reading the book. Now I know that I can’t trust my financial adviser, but I don’t have any specifics on what I do now. More confused that ever….

  3. B. J. Campbell –

    Four Stars
    Easy to understand the issues she is revealing. Couldn’t put it down

  4. Sir Klunk –

    Excellent insider look at the financial advisor industry
    Excellent insider look at the financial advisor industry. All the more interesting given that it was written in 2006, on the eve of the biggest disaster since the Great Depression. Danielle Park is an excellent writer, saying in one paragraph what usually takes three or four. A very good read.

  5. Robert genuine review –

    Dont bother
    I found this book to be simply cut and paste of information. If you are new to the markets then read this book but if you have some knowledge then dont waste your time. There are alot of better books out there.

  6. T. Mag –

    Investors and “Financial Advisors”.
    My experience with a number of financial advisors has been relatively poor. I was looking for advice on what the key points to look out for in investing are. It was clear to me that the bulk of financial advisors were either not able or not willing to make these points, but, rather concentrate on advice that was geared to maximizing their fees.Danielle Park’s book confirmed many of the thoughts that occurred to me over time. For example, I frequently discussed fund fees with my advisors, just to be told that with a good fund manager, this was easily recouped.Yet, it is pointed out in many books and articles on investing to keep investment fees low (< 1 %). Danielle Park does, among other good pointers as to what to avoid. It confirmed for me that by far most mutual fund fees, for example, are much too expensive to make mutual funds an attractive way to invest, at least in Canada. I found the book very helpful in deciding what investment approach to take in the future.Ted Mag

  7. Jack Barnes –

    dynamite
    one of the best financial investment advisories I haveread in a long time with a very timely philosophical approach to personalinvesting expressed in simple clear language friendly to the reader.I still use it for referencc when I need to get some relief from derivatives, options and mortgages etc

  8. Peter T. Bishop –

    Juggling Dynamite
    This book was very easy to read ,with understandable illustrations of the issues and points being made.The author brougt in personal experiences which added credibility to the text and graphs.

  9. CAWade –

    There is no better book than ‘Juggling Dynamite’ telling you what to expect during secular bull or secular bear market. Have to agree with the author that timing is always important when it comes to investing. Passive buy and hold strategy promoted by wall street(means more bonus for them) has come to the end.Calling top or bottom is impossible to do. However, valuing the risks is something you have to do everyday, if preserving the capital is your #1 goal.Love the recommended list of books to read at the end too if you’d like to have more insights to investing.

  10. promethian –

    What I liked about the book:Good quotes and quips, e.g.Page 17, John Galbraith, ‘the more money a person possesses, the more compelling his economic perception…’Page 29, Irving Fisher, Professor of Economics at Yale, October 1929, ‘Stock prices have reached a permanent high plateau and are expected to go higher within a few months.’Page 43, John Templeton, (who usually was a permanent optimist), ‘the greatest threat to economic activity is debt, ..never been a time when people worldwide had such a high proportion of debt.’page 53, letter from client to his daughter’s on bursting of bubbles….”lives are ruined, marriages, break up, and suicides rise. No I am not exaggerating….It takes patience, as every cycle goes to an extreme at the top and bottom.”Other points made by the author include:1. Use a fee based advisor if you are not managing your own money;2. Life work balance, (seems like the author wanted to get this off of her chest even though it does not seem highly relevant for this book)3. The need for market timing, because people have finite life spans and specific periods when they are older when they do not have time to make up investmnet losses, in other words, this book is really a book about arguing against “buy and hold.” I would say the book makes a convicing case on this point, and so I give the book 4 stars.The author makes a good point about considering cash as an asset class, to be liquid if prices go down. One of my fellow reviewers was critical of the author for making the obvious point, that the “buy price” is so critical in investment success. However, this is more subtle than people think, because people think a promising company or prosperous technology is a good investment when it was not (because the investor paid too high a price).Instead of putting in her personal philosophy and ideas on work life balance, I would say more discussion on precious metals and alternative investments would have been more relevant to the book. I realize my review and any review is subjective, however for this reason, I did not give a full five stars for this book.

  11. customer –

    Mostly about the authors philosophy and is sort of not focused. Also, the book could have been much shorter; the last 25% of the book could have been summarized in less than one page.Overall I agreed with much of what the author says, but the book itself lacks substance and analysis

  12. Mack –

    Daniel Park is market historian and a realist. She has the wisdom of someone well beyond her years. You can spend some 20-30 years learning from your investment mistakes or just simply read this book. Watch the video below to get an idea of her philosophy on investing and life. A great read.[…]Keep in mind that she is speaking from a Canadian point of view which makes her insights quite interesting. Highly recommended.

  13. J. King –

    Mrs. Park wrote a fine book and offers her wisdom about market timing vs the now defunct “buy and hold” strategy, as well as avoiding brokers and financial planners with possible conflicts of interest in seeking commissions over protecting the client’s capital. She seems to have a bit of a contrarian view regarding some aspects of investment found in other books recently read. The book offered some take-home points at the end, but it also seemed to me to be lacking something. While the book was written a few years ago, I didn’t recall there being much, if any, discussion about commodities such as gold and other current hot topic items. The main pointers in the book seemed to be fairly common sense: to run away from someone trying to put you into the buy and hold strategy, watch out for managers more interested in making money off of you instead of for you, and don’t expect to make a very high return without speculation and high risk.

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