"It (Making Money on the New Zealand Sharemarket) is a mine of information and will remain a ready source of reference material for me." L. J.
"'Making Money on the New Zealand
Sharemarket' was a pearler of a read!! 10 out of 10!" S. G.
"Your book, Making Money on the New
Zealand Sharemarket, is fantastic. When are you going to write an Australian
"The bookís huge - itís got everything in it. Excellent. Awesome."
"I wish I had read your book years ago. It has shown me where I have gone
wrong all these years. I now have the confidence to make some serious money on
the market. Thanks for a great book."
"This is the best book I have ever read about the sharemarket. Itís well
worth the price."
"I have just finished reading Making Money on the New Zealand Sharemarket.
Itís excellent. It has everything I need to know about the market, and a whole
lot more. I love the top sections on each page, the cartoons and quotes are
great. Thank you very much. Well done."
"Iíve just finished your book and having also read a number of US books
on Technical Analysis and Investment generally your book really does cover the
ground well and has the advantage of explaining the institutional setup in
NZ...Your Appendix II on tax issues is the most useful explanation I have yet
seen... Thanks again for the great book." - B.H.
|McEwenís Investment Report #117 - 16 November 2000
Second edition offers first class advice
|This week marks the launch of the second edition of Making Money on the New Zealand Sharemarket, a highly useful and successful book that was first published late last year.
I reviewed the book at the time and recommended it for its depth of information, its clarity and above all the objectivity of its authors, financial advisors Frank Newman and Phil Briggs.
Making Money on the New Zealand Sharemarket is basically an opinionated encyclopaedia to investment by two very experienced men. I highly recommend it for those wanting to know more about investment.
Sunday Star-Times |
19 December 1999
Avoid sharemarket hell and discover what stags do
Last-minute Christmas shoppers stuck for a gift for the person who has
almost everything might consider the latest good-humoured book from Frank Newman
and Phil Briggs.
Making Money on the New Zealand Sharemarket is a
timely publication for those who want the mysteries of sharemarket investment
explained in a clear and highly readable form. Novices are taken through a
beginnerís guide at the outset, while more experienced investors will probably
skip to the later chapters.
The bookís structure is logical in its progression from the simple to the
complex, which makes for an excellent educational text.
Exercises such as revision crosswords are
Fundamental analysis - which is concerned with translating company statistics
into investment decisions - is covered in reasonable depth, including a
"how to" chapter on making sense of financial information published in
newspapers and company reports.
Graph-based charting, or technical analysis, is also explored in a couple of
sub-chapters, but at more of an introductory level that would require further
reading to build upon.
Making Money covers the gamut of sharemarket listings such as ordinary shares,
cash and bonus issues and initial public offerings (IPOs).
It also gives brief mention to sharemarket-based
derivatives, which are futures and options contracts written on shares and
A budding futures trader would need a specialised book on the subject, but would
get a good grounding from Newman and Briggs on how the underlying sharemarket
works to create profit opportunities through derivatives.
The book is distinguished by superb indexation and cross-referencing in contrast
to many of its type by local authors. Included are six appendices, of which one,
the sharemarket dictionary, represents particularly good value.
Those who mix with share investors need no longer bluff their way through
conversations studded with terms like "arbitrage", "OTC",
"pari passu" and "spread".
It is intriguing to learn what is meant by being a "bull", a
"bear", a "squirrel" or a "stag", which are
pertinent in the world of investment, not just astrology.
The book de-mystifies what can be an intimidating topic for first-timers without
patronising seasoned sharemarket players."
The National Business Review December 3, 1999 Issue|
COMPREHENSIVE GUIDE TO INVESTING
The nonprofessional sharemarket investor now has easygoing A - Z
For many newcomers to the sharemarket, investment there can seem a bewildering
mystery beset by conflicting advice from competing, mutually derogatory experts.
What has been needed is an unbiased, comprehensive but easy-to-read book that
covers the A - Z of being an ordinary, nonprofessional sharemarket investor.
Frank Newman and Phil Briggs have come up with as near to perfect a formula as
could be wanted for supplying this information in Making Money on the New
Zealand Sharemarket. The book reads like an encyclopedia of what the amateur
share investor should know. It has appeal to novices and old hands alike.
Making Money works its way through stratified levels of information, starting
out with a beginnerís guide and building up to in-depth discussion on
strategy. Both fundamental and technical analysis are studied, although the
charting sections represent more of an introductory standard.
The two modes of analysis are, after all, quite compatible. There is also a
brief subchapter on derivatives which gives a summary overview but the serious
investor would need a specialised book to study on the subject before committing
money to futures and options.
The authors take potshots at sharebrokers but their advice is sound for the
beginning investor who might mistake these salesmen as infallible guides to
getting rich. Criticism of litigious companies and their habit of threatening to
sue honest advisers is also broached.
An independent state of mind is what the authors seek to encourage and their
book provides a wide range of analytical tools to enable investors to become
capable of making their own decisions.
An evenhanded assessment of choosing managed funds versus direct investment is
included; this departs from the usual
vested-interest rivalry concerning the superiority of one over the other waged
between sharebrokers and fund managers.
The book is superbly indexed and cross-referenced throughout, and can be readily
consulted as a dictionary on specific topics. It would make a sensible addition
of enduring relevance to any investment book library.
Considering their dry subject matter, the authors manage to be engagingly
humorous and provide a wealth of diversionary anecdotes and quotations for light
relief. They have unearthed some rather grotesque pictures of what todayís
captains of industry looked like in the sartorial holocaust of the 1970s.
A book that seeks to be so general and comprehensive will not necessarily
recommend a specific investment approach for the reader.
The novice will have to sift through the abundance of material to put together
an investment method, and so there will be an element of trial-and-error
involved if Making Money is relied on as the sole authority.
Further reading would be recommended, for example, in the case of the investor
thinking of turning professional.
Considered as a well-rounded reference book and primer for sharemarket
investing, however, it is difficult to see how Messrs. Newman and Briggs will be
surpassed for some time as the standard introductory text for local equities
McEwenís Investment Report #68 - 24 November 1999
Often I am asked to recommend a book about share market investment, preferably
one that spells things out for investors who are not familiar with many of the
terms and concepts that "expert" investors deal with.
I use the term "expert" loosely because I believe that the extra
complexity the mainstream investment industry brings to investment analysis
doesnít produce any better results.
I find that question difficult to answer because I make a conscious effort to
avoid research and commentary by others about the New Zealand share market. In
order for me to outperform the market, I have to think and act differently from
other investors and the last thing I want to do is fall into the trap of being
influenced by othersí opinions, especially if they all agree.
The logic of such an approach can be seen from a comment just a few days ago
from a US funds manager, after the Nasdaq trading system (where most technology
shares are traded) reached yet another record high.
Mark Dawson, a money manager with Seattle-based Rainier Investment Management,
said buying pressure was pushing up the Nasdaq and that trend may continue for
"If youíre not exposed to technology stocks, youíre compelled to buy
them to keep up with your competitors," he said.
Needless to say, when the inevitable market correction comes all the former
buyers will turn into sellers and the result will not be pretty.
However, I have been sent a new book by Whangarei share broker Frank Newman and
investment adviser Phil Briggs that I not only have read but can recommend.
Rather than come up with a simplistic strategy for investment success, the two
writers have produced a comprehensive and unbiased look at every aspect of the
At around 350 pages Making Money on the New Zealand Sharemarket comprehensively
covers all significant investment terms, strategies and concepts.
One thing I particularly like about this book is its objectivity. Despite both
menís history as brokers and advisers, they pull no punches in explaining the
weaknesses as well as the strengths of various options.
For example: "Listen to your broker, by all means, but donít expect them
to make mountains of money for you. Their first priority is to make money for
themselves. . ."
The same applies to technical analysis (charting), even though Mr. Briggs is a
proponent of this technique. "Like a road map, technical analysis is superb
at telling you where you have been, but it does not tell you where the next bend
in the road is going to be."
Brevity and clarity are other virtues of the book, demonstrating that the
authors have a deep knowledge of their subject. Most chapters are just a few
pages long, and most contain tidbits of information, quotations, graphics or
cartoons - allowing someone with limited time to learn just by flicking through
I highly recommend this book as a resource for investors. It is not a guide to
making money so much as a useful encyclopedia that explains how the market and
the investment industry in this country works.
Empower Education - Book of the Month
- February 2000
From the author of How to Grow Rich and
The Seven Ways to Wealth, this new book sets out to show you how to
profit on the Sharemarket.
Making Money on the New Zealand
Sharemarket is a comprehensive guide which unscrambles
the jargon and will be valuable for anyone interested in the sharemarket -
theory and practical. It's full of interesting facts and recent history
(including horror stories) about the NZ sharemarket, and shows how our market
fits in to the world.
This is a worthwhile addition to any investor's