Opis: The Financial Times Guide to Investing - Glen Arnold

'The most damaging half truth for savers is "performance matters more than expenses". Read this book carefully and the financial services industry will have one fewer easy victim, but you will have a sound base for a lifetime of successful investment.' Martin White, Chair of UK Shareholders Association This is one of those great big books to buy and then tuck away for constant reference. It's a tour through everything from managing a portfolio to establishing a fair intrinsic value for a share. If it moves in the world of investing, it's probably here.' David Stevenson, 'Adventurous Investor' in the Financial Times 'Informative and easy to read, Glen Arnold has produced arguably the most comprehensive book there is today on stock market investing and one that unquestionably will give an edge to any retail investor. This is a must read for anyone serious about investing.' Simon Thompson, Companies Editor, Investors Chronicle The Financial Times Guide to Investing is the definitive introduction to the art of successful stock market investing. Bestselling author Glen Arnold takes you from the basics of what investors do and why companies need them through to the practicalities of buying and selling shares and how to make the most from your money. He describes different types of investment vehicles and advises you on how to be successful at picking companies, understanding their accounts, managing a sophisticated portfolio, measuring performance and risk and setting up an investment club. The third edition of this investing classic will give you everything you need to choose your shares with skill and confidence. Thoroughly updated, this edition now includes: - Comprehensive advice about unit trusts and other collective investments - A brand new section on dividend payments and what to watch out for - An expanded jargon-busting glossary to demystify those complex phrases and concepts - Recent Financial Times articles and tables to illustrate and expand on case studies and examples - Detailed updates of changes to tax rates and legislation as well as increases in ISA allowances and revisions to capital gains taxWhat's new in the third edition Introduction PART I INVESTMENT BASICS Chapter 1 What is investment? Partnerships; Limited liability; Ordinary shares and extraordinary returns; Shareholder rights; A money-making machine; Dividends and retained earnings; What if I want to sell?; Primary and secondary markets; Bonds; Capital structure; Stocks and shares; Rights issues; Financial institutions; Be proud to be a capitalist!; A note of warning: investment and speculation Chapter 2 The rewards of investment Becoming a millionaire; Simple and compound interest; How well have investors fared in the past?; The importance of income; International comparison; Equities versus gilts; What about risk?; Closing comment; Further reading Chapter 3 Stock markets What is a stock market?; Brokers and market makers; Pricing - good old supply and demand; A short history of the London Stock Exchange; 'Big Bang'; The international scene; Variety of securities traded; The primary market; The secondary market; The Main Market(The Official List); The Alternative Investment Market; techMARK and the other MARKs; PLUS; Other trading facilities; Who owns UK shares?; The role of stock exchanges; Useful websites Chapter 4 Buying and selling shares Stockbroker services; Choosing a stockbroker; Finding prices; Getting the most out of websites; What happens when I buy or sell shares?; An alternative mechanism; A third trading system; What happens after dealing?; Ways of paying for your shares; Internet dealing; Transferring shares without brokers; Further reading PART II THE INVESTMENT SPECTRUM Chapter 5 Pooled investments Unit trusts; Open-ended investment companies (OEICs); Exchange traded funds (ETFs); Investment trusts (investment companies); With-profits policies; Unit-linked policies; Insurance company bonds; Stock market-linked bonds; Money markets; Hedge funds; Fund supermarkets; Bringing home the significance of high fees Chapter 6 Bonds Gilts; Corporate bonds; Credit rating; High-yield (junk) bonds; Convertible bonds; Foreign bonds; Eurobonds Chapter 7 Unusual share investment Business angels; Venture capital and other private equity; Private equity categories; Overseas shares; Preference shares Chapter 8 Options What is a derivative?; What is an option?; Share options; Call option holders (call option buyers); Call option writers; An example of an option writing strategy; LIFFE share options; Put options; How to trade options; Using share options to reduce risk: hedging; Using options to reduce losses; Index options; Further reading; Websites Chapter 9 Futures Marking to market and margins; Settlement; Buying and selling futures; Universal stock futures (single stock futures) Chapter 10 Spread betting, contracts for difference and warrants Spread betting; Contracts for difference; Warrants; Covered warrants; Further reading; Websites PART III COMPANY ANALYSIS Chapter 11 Company accounts Oh no! Not numbers again!; How to obtain reports; The report and accounts; Profit and loss account; Balance sheet; Cash flow statement; Chairman's statement; Chief executive's review; Director's report and business review; Auditors' report; Five-year summary; Trading statement; Further reading Chapter 12 Key investment ratios and measures From the financial pages; Performance ratios and measures; Financial health ratios and measures; Forward-looking measures; Further reading Chapter 13 Some of the tricks of the accounting trade Goodwill; Fair value; What was our revenue again?; Exceptional items; Stock (inventory) valuation; Depreciation; Capitalisation; Off-balance-sheet items; Share (stock) options; Other tricks; Concluding comment; Further reading Chapter 14 Analysing industries The competitive floor; The five competitive forces; Threat of entry; Intensity of rivalry of existing companies; The threat from substitutes;Buyer (customer) power; Supplier power; Industry evolution; Concluding comments; Further reading Chapter 15 The competitive position of the firm The TRRACK system; What makes resources extraordinary?; Investment in resources; Leveraging resources and over-exploiting them; Concluding comments; Further reading PART IV MANAGING YOUR PORTFOLIO Chapter 16 Companies issuing shares. New issues; Rights issues; Other equity issues; Scrip issues; Share buy-backs and special dividends Chapter 17 Taxation and investors Stamp duty; Tax on dividends; Capital gains tax; Interest-bearing instruments; Inheritance tax, Individual savings accounts; Personal pensions; Enterprise Investment Scheme; Venture capital trusts; Offshore investment Chapter 18 Mergers and takeovers Merger motives; Financing mergers; The rules of the takeover game; Who wins from mergers?; Final comment: Why do mergers fail?; Further reading Chapter 19 Investor protection Protecting investors from wayward financial service professionals; Regulation of markets; Regulating of companies; Self-protection Chapter 20 Measuring performance: indices and risk Indices; Risk; Diversifiable risk; Websites; Further reading Chapter 21 Investment clubs How to set up a club; The unit valuation system; Bank account; Brokers; Tax; Further reading Glossary

Szczegóły: The Financial Times Guide to Investing - Glen Arnold

Tytuł: The Financial Times Guide to Investing
Autor: Glen Arnold
Producent: FT Press
ISBN: 9781292005072
Rok produkcji: 2014
Ilość stron: 592
Oprawa: Miękka
Waga: 1.06 kg

Recenzje: The Financial Times Guide to Investing - Glen Arnold