The Forbes/CFA Institute Investment Course

Vahan Janjigian 지음

Wiley 2011년 01월 06일 출간

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The most up-to-date and all encompassing guide to investing in today's marketsFrom Forbes and the CFA Institute-two of the most highly respected and recognized names in the investment industry-The Forbes/CFA Institute Investment Course 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, The Forbes/CFA Institute Investment Course has offered investors step-by-step guidance since 1948. The courseIncludes advice for novices, but also accommodates those who are more familiar with marketsProvides important information on fundamental analysis versus technical analysisDetails different asset classes: fixed income securities, derivatives, mutual funds, and equitiesWith QA, links to videos, expert advice, interviews with top money managers, and much more, The Forbes/CFAInstitute Investment Course is the perfect resource for anyone looking to learn about investing in today's markets.

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Preface xiiiAcknowledgments xviiChapter 1 Building Capital 1Role of the Stock Market in Building Wealth 2Determining Your Financial Position 3Your Financial Inventory Guide 4Investment Margin 11Defi ning Your Goals 12Return Requirements 13Risk Profi le 14Life Cycle and the Risk/Return Mix 15Other Considerations 16Asset Classes 17Asset Allocation 20Active versus Passive Investing 22Diversifi cation 23Dollar Cost Averaging 24Chapter Takeaways 31Chapter 2 How Securities Markets Function 33Role of Securities Markets 33The Securities Exchanges 36Over-the-Counter Markets 37NASDAQ 38Electronic Communication Networks 39Stock Quotes 39The Third Market 40Other Markets 40How the New York Stock Exchange Operates 41How the NASDAQ Operates 43From SOES to SuperMontage 44OTC Bulletin Board and Pink Sheets 45How the ECNs Operate 45Crossing Systems 46Electronic versus Floor Trading 46Preferencing 48Internalization 49Chapter Takeaways 49Chapter 3 Selecting a Broker and Trading 51Structure of a Brokerage Firm 52Activities of a Brokerage Firm 53Services Offered by All Brokers 54Full-Service versus Discount Brokers 55Online Brokers 58Choosing a Brokerage Firm 58Commissions 60Direct Purchase of Securities 62Placing Orders 63Odd-Lot Trading 66Margin 67Transaction Example 68Settlement 69Stock Symbols and the Ticker Tape 70Questions to Ask Your Broker 71Chapter Takeaways 73Chapter 4 Tax-Favored Investment Strategies 75Capital Gains and Dividends 75Traditional IRAs 77Roth IRAs 79401(k) Plans 80Education Savings Accounts and 529 Plans 82Other Pension Plans 83Mutual Funds and Taxes 85Using Tax-Advantaged Accounts 86Chapter Takeaways 87Chapter 5 Reading Financial Statements 89Income Statements 91Balance Sheet 95Statement of Cash Flows 99Making Sen

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저자(글) Vahan Janjigian

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VAHAN JANJIGIAN is Chief Investment Officer at Greenwich Wealth Management, LLC, a SEC registered investment advisor. He is a Forbes magazine columnist and Editor of the Forbes Special Situation Survey, widely regarded as one of the best performing investment newsletters. He previously served on the faculties of several leading universities. He is a frequent guest on popular television and radio business programs and is the author of Even Buffett Isn't Perfect.STEPHEN M. HORAN is the head of professional educational content for CFA Institute and specializes in private wealth management. Prior to joining CFA Institute, he was a professor of finance at St. Bonaventure University, principal of Alesco Advisors LLC, and a financial analyst and forensic economist in private practice. He is editor of Private Wealth: Wealth Management in Practice and the author of numerous articles in leading peer-reviewed journals. Dr. Horan isa frequent columnist in the Financial Times.CHARLES TRZCINKA is the James W. Virginia E. Cozad Chair in Finance at the Kelley School of Business, Indiana University, Bloomington. Previouspositions have included the faculties of SUNY Buffalo and New York University; director of the U.S. Commerce Department's MBA program in the People's Republic of China; and senior economist with the United States Securities and Exchange Commission.