Vitaliy Katsenelson, author of Active Value Investing: Making Money in Range-Bound Markets, has recently come out with a new book, The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere. Many investors don't realize that over the last ten years, the stock market has gone up and down but still ended up where it was ten years ago. Katsenelson shows in a simple guide how to invest and make money in this type of market, which he calls a cowardly lion market.
He believes that investors will be waiting a very long time for a traditional bull market. He recommends being a value investor and not being afraid of keeping some investment funds in cash. In order to protect yourself on the downside, he recommends buying stocks that are cheap, based on discounted cash flow. Chapter 12 is important as he covers an often overlooked subject, when to sell. Most important, he covers how to find new stock ideas.
If you are looking for a concise easy read on investing in sideways markets, get The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere.