Artikeltemplate

'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 tax
 

Sommario

What’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

Info autore

Glen C. Arnold, PhD, runs his own equity portfolio and a property development company from his office in the heart of rural Leicestershire.  He teaches at Schroders Investment Management and leads investing seminar days for private investors. www.glen-arnold-investments.co.uk
Glen is the author of the UK’s number 1 investment book, The Financial Times Guide to Investing, as well as the investing classics, The Great Investors, The Financial Times Guide to Value Investing and Get Started In Shares. He has also written several market-leading university textbooks including Corporate Financial Management.

Riassunto

'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 tax
 

Dettagli sul prodotto

• Autori: Glen Arnold
• Editore: KNV Besorgung
• Lingue: Inglese
• Formato: Libro
• Pubblicazione: 31.07.2015
• EAN: 9781292005072
• ISBN: 978-1-292-00507-2
• Serie: The FT Guides; The FT Guides
• Categorie: Libri scolastici > Libri per scuole e istituti professionali; Scienze sociali, diritto, economia > Economia > Tematiche generali, enciclopedie