{"product_id":"the-forbes-cfa-institute-investment-course-9780470919651","title":"The Forbes  CFA Institute Investment Course","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe most up-to-date and all encompassing guide to investing in today''s markets\u003c\/b\u003e  \u003cp\u003eFrom Forbes and the CFA Institute-two of the most highly respected and recognized names in the investment industry-\u003ci\u003eThe Forbes\/CFA Institute Investment Course\u003c\/i\u003e is an interactive roadmap to investing in today''s challenging stock markets. From building capital and asset allocation and diversification to choosing a broker and reading a financial statement, \u003ci\u003eThe Forbes\/CFA Institute Investment Course\u003c\/i\u003e has offered investors step-by-step guidance since 1948. The course\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eIncludes advice for novices, but also accommodates those who are more familiar with markets\u003c\/li\u003e \u003cli\u003eProvides important information on fundamental analysis versus technical analysis\u003c\/li\u003e \u003cli\u003eDetails different asset classes: fixed income securities, derivatives, mutual funds, and equities\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith Q\u0026amp;A, links to videos, expert advice, interviews with top money managers, and much more, \u003ci\u003eThe Forbes\/\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Building Capital 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRole of the Stock Market in Building Wealth 2\u003c\/p\u003e \u003cp\u003eDetermining Your Financial Position 3\u003c\/p\u003e \u003cp\u003eYour Financial Inventory Guide 4\u003c\/p\u003e \u003cp\u003eInvestment Margin 11\u003c\/p\u003e \u003cp\u003eDefining Your Goals 12\u003c\/p\u003e \u003cp\u003eReturn Requirements 13\u003c\/p\u003e \u003cp\u003eRisk Profile 14\u003c\/p\u003e \u003cp\u003eLife Cycle and the Risk\/Return mix 15\u003c\/p\u003e \u003cp\u003eOther Considerations 16\u003c\/p\u003e \u003cp\u003eAsset Classes 17\u003c\/p\u003e \u003cp\u003eAsset Allocation 20\u003c\/p\u003e \u003cp\u003eActive versus Passive Investing 22\u003c\/p\u003e \u003cp\u003eDiversification 23\u003c\/p\u003e \u003cp\u003eDollar Cost Averaging 24\u003c\/p\u003e \u003cp\u003eChapter Takeaways 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 How Securities Markets Function 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRole of Securities Markets 33\u003c\/p\u003e \u003cp\u003eThe Securities Exchanges 36\u003c\/p\u003e \u003cp\u003eOver-the-Counter Markets 37\u003c\/p\u003e \u003cp\u003eNASDAQ 38\u003c\/p\u003e \u003cp\u003eElectronic Communication Networks 39\u003c\/p\u003e \u003cp\u003eStock Quotes 39\u003c\/p\u003e \u003cp\u003eThe Third Market 40\u003c\/p\u003e \u003cp\u003eOther Markets 40\u003c\/p\u003e \u003cp\u003eHow the New York Stock Exchange Operates 41\u003c\/p\u003e \u003cp\u003eHow the NASDAQ Operates 43\u003c\/p\u003e \u003cp\u003eFrom SOES to SuperMontage 44\u003c\/p\u003e \u003cp\u003eOTC Bulletin Board and Pink Sheets 45\u003c\/p\u003e \u003cp\u003eHow the ECNs Operate 45\u003c\/p\u003e \u003cp\u003eCrossing Systems 46\u003c\/p\u003e \u003cp\u003eElectronic versus Floor Trading 46\u003c\/p\u003e \u003cp\u003ePreferencing 48\u003c\/p\u003e \u003cp\u003eInternalization 49\u003c\/p\u003e \u003cp\u003eChapter Takeaways 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Selecting a Broker and Trading 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStructure of a Brokerage Firm 52\u003c\/p\u003e \u003cp\u003eActivities of a Brokerage Firm 53\u003c\/p\u003e \u003cp\u003eServices Offered by All Brokers 54\u003c\/p\u003e \u003cp\u003eFull-Service versus Discount Brokers 55\u003c\/p\u003e \u003cp\u003eOnline Brokers 58\u003c\/p\u003e \u003cp\u003eChoosing a Brokerage Firm 58\u003c\/p\u003e \u003cp\u003eCommissions 60\u003c\/p\u003e \u003cp\u003eDirect Purchase of Securities 62\u003c\/p\u003e \u003cp\u003ePlacing Orders 63\u003c\/p\u003e \u003cp\u003eOdd-Lot Trading 66\u003c\/p\u003e \u003cp\u003eMargin 67\u003c\/p\u003e \u003cp\u003eTransaction Example 68\u003c\/p\u003e \u003cp\u003eSettlement 69\u003c\/p\u003e \u003cp\u003eStock Symbols and the Ticker Tape 70\u003c\/p\u003e \u003cp\u003eQuestions to Ask Your Broker 71\u003c\/p\u003e \u003cp\u003eChapter Takeaways 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Tax-Favored Investment Strategies 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Gains and Dividends 75\u003c\/p\u003e \u003cp\u003eTraditional IRAs 77\u003c\/p\u003e \u003cp\u003eRoth IRAs 79\u003c\/p\u003e \u003cp\u003e401(k) Plans 80\u003c\/p\u003e \u003cp\u003eEducation Savings Accounts and 529 Plans 82\u003c\/p\u003e \u003cp\u003eOther Pension Plans 83\u003c\/p\u003e \u003cp\u003eMutual Funds and Taxes 85\u003c\/p\u003e \u003cp\u003eUsing Tax-Advantaged Accounts 86\u003c\/p\u003e \u003cp\u003eChapter Takeaways 87\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Reading Financial Statements 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncome Statements 91\u003c\/p\u003e \u003cp\u003eBalance Sheet 95\u003c\/p\u003e \u003cp\u003eStatement of Cash Flows 99\u003c\/p\u003e \u003cp\u003eMaking Sense of the Numbers 102\u003c\/p\u003e \u003cp\u003eProfitability Ratios 102\u003c\/p\u003e \u003cp\u003eAsset Utilization Ratios 105\u003c\/p\u003e \u003cp\u003eLeverage Ratios 108\u003c\/p\u003e \u003cp\u003eRevisiting ROE 110\u003c\/p\u003e \u003cp\u003eLiquidity Ratios 110\u003c\/p\u003e \u003cp\u003eMarket Multiples 112\u003c\/p\u003e \u003cp\u003eLook Beyond the Numbers 114\u003c\/p\u003e \u003cp\u003eRead the Footnotes 115\u003c\/p\u003e \u003cp\u003eCan You Trust Financial Statements? 115\u003c\/p\u003e \u003cp\u003eChapter Takeaways 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Sources for Investment Information 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere to Obtain Information 123\u003c\/p\u003e \u003cp\u003eSecurities and Exchange Commission 124\u003c\/p\u003e \u003cp\u003eEarnings Releases and Regulation Fair Disclosure 125\u003c\/p\u003e \u003cp\u003eInvestment Brokers and Dealers 127\u003c\/p\u003e \u003cp\u003eCan You Trust Brokerage House Reports? 128\u003c\/p\u003e \u003cp\u003eInvestment Newsletters and Other Publications 129\u003c\/p\u003e \u003cp\u003eCorporate Reports 130\u003c\/p\u003e \u003cp\u003eReading the Annual Report 130\u003c\/p\u003e \u003cp\u003eGovernment Reports 131\u003c\/p\u003e \u003cp\u003eChapter Takeaways 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Common Stocks and Economic Indicators 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAnother Look at the Balance Sheet 133\u003c\/p\u003e \u003cp\u003eWhy Common Shares Have Value 136\u003c\/p\u003e \u003cp\u003eMacroeconomic Factors 136\u003c\/p\u003e \u003cp\u003eIndustry-Specific Factors 140\u003c\/p\u003e \u003cp\u003eOther Barometers 141\u003c\/p\u003e \u003cp\u003eEvaluating Data 141\u003c\/p\u003e \u003cp\u003eChapter Takeaways 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Fundamental Analysis 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting versus Trading 145\u003c\/p\u003e \u003cp\u003ePassive Investing 146\u003c\/p\u003e \u003cp\u003eActive Investing 147\u003c\/p\u003e \u003cp\u003eBusiness Focus 153\u003c\/p\u003e \u003cp\u003eIndustry Outlook 154\u003c\/p\u003e \u003cp\u003eCompany Status 155\u003c\/p\u003e \u003cp\u003eMajor Trends 157\u003c\/p\u003e \u003cp\u003eEarnings History and Outlook 158\u003c\/p\u003e \u003cp\u003eDividends 159\u003c\/p\u003e \u003cp\u003ePrice-Earnings and Price-Book Ratios Revisited 161\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow 163\u003c\/p\u003e \u003cp\u003eEvaluating Management 164\u003c\/p\u003e \u003cp\u003eSome Final Thoughts on Fundamental Analysis 165\u003c\/p\u003e \u003cp\u003eChapter Takeaways 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Technical Analysis 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Value of Charts 169\u003c\/p\u003e \u003cp\u003eReading Charts 171\u003c\/p\u003e \u003cp\u003eDow Theory 171\u003c\/p\u003e \u003cp\u003eHead and Shoulders 175\u003c\/p\u003e \u003cp\u003eSupport and Resistance Levels 176\u003c\/p\u003e \u003cp\u003eTrading Ranges 177\u003c\/p\u003e \u003cp\u003eBreakaway Gaps 178\u003c\/p\u003e \u003cp\u003eImportance of Volume 179\u003c\/p\u003e \u003cp\u003eOther Technical Indicators 182\u003c\/p\u003e \u003cp\u003eTime to Grow Bullish 184\u003c\/p\u003e \u003cp\u003eChapter Takeaways 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Fixed-Income Securities 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBonds 189\u003c\/p\u003e \u003cp\u003eUnderstanding Bonds 190\u003c\/p\u003e \u003cp\u003eUnderstanding Bond Prices 191\u003c\/p\u003e \u003cp\u003eBond Prices and Interest Rates 192\u003c\/p\u003e \u003cp\u003eCall Feature 194\u003c\/p\u003e \u003cp\u003eCredit Quality of Bonds 194\u003c\/p\u003e \u003cp\u003eOther Issues Concerning Bonds 196\u003c\/p\u003e \u003cp\u003eHow to Buy Bonds 199\u003c\/p\u003e \u003cp\u003eMoney Market Securities 200\u003c\/p\u003e \u003cp\u003ePreferred Stock 201\u003c\/p\u003e \u003cp\u003eUnderstanding Preferred Stock 202\u003c\/p\u003e \u003cp\u003eTax Treatment 203\u003c\/p\u003e \u003cp\u003eTrust Preferred Securities 204\u003c\/p\u003e \u003cp\u003eFinal Thoughts on Bonds and Preferred Stocks 204\u003c\/p\u003e \u003cp\u003eChapter Takeaways 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Derivatives 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Derivative Instruments 207\u003c\/p\u003e \u003cp\u003eFutures 209\u003c\/p\u003e \u003cp\u003eSpot Asset 209\u003c\/p\u003e \u003cp\u003eThe Futures Market 210\u003c\/p\u003e \u003cp\u003eDelivery 211\u003c\/p\u003e \u003cp\u003eHedging 212\u003c\/p\u003e \u003cp\u003eStock Index Futures 212\u003c\/p\u003e \u003cp\u003eSingle-Stock Futures 214\u003c\/p\u003e \u003cp\u003eOptions 215\u003c\/p\u003e \u003cp\u003eDefinition of Options 216\u003c\/p\u003e \u003cp\u003eOptions Markets 216\u003c\/p\u003e \u003cp\u003eImportant Terms to Know 216\u003c\/p\u003e \u003cp\u003eListed Options 217\u003c\/p\u003e \u003cp\u003eWhat an Option Is Worth 219\u003c\/p\u003e \u003cp\u003eCommissions 221\u003c\/p\u003e \u003cp\u003eTo Sell or to Exercise 222\u003c\/p\u003e \u003cp\u003eSome Popular Option Strategies 222\u003c\/p\u003e \u003cp\u003eA Warning about Naked Option Writing 225\u003c\/p\u003e \u003cp\u003eChapter Takeaways 226\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Mutual Funds 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Investment Company 229\u003c\/p\u003e \u003cp\u003eClosed-End or Open-End 230\u003c\/p\u003e \u003cp\u003eA Short History of the Mutual Fund Industry 232\u003c\/p\u003e \u003cp\u003eCategories of Mutual Funds 232\u003c\/p\u003e \u003cp\u003eAdvantages of Mutual Funds 237\u003c\/p\u003e \u003cp\u003eDisadvantages of Mutual Funds 238\u003c\/p\u003e \u003cp\u003eMutual Fund Expenses 239\u003c\/p\u003e \u003cp\u003eHow to Choose a Fund 242\u003c\/p\u003e \u003cp\u003eSome Final Thoughts about Mutual Funds 243\u003c\/p\u003e \u003cp\u003eHedge Funds 243\u003c\/p\u003e \u003cp\u003eChapter Takeaways 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Rules of Thumb and Key Phrases 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinal Comments 254\u003c\/p\u003e \u003cp\u003eSuggested Readings 255\u003c\/p\u003e \u003cp\u003eAbout the Authors 257\u003c\/p\u003e \u003cp\u003eIndex 259\u003c\/p\u003e","brand":"John Wiley \u0026 Sons 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