Whether you're thinking of changing your superannuation fund now or some time in the future, you need all the facts.This informative,plain-English guide gives you the tools and tips tohelp you select the right fund for your super needs.
In order to effectively employ portfolio strategies that can control interest rate risk and/or enhance returns, you must understand the forces that drive bond markets, as well as the valuation and risk management practices of these complex securities. In Advanced Bond Portfolio Management, Frank Fabozzi, Lionel artellini, and Philippe Priaulet have brought together more than thirty experienced bond market professionals to help you do just that. Divided into six comprehensive parts, Advanced Bond Portfolio Management will guide you through the state-of-the-art techniques used in the analysis of bonds and bond portfolio management. Topics covered include: General background information on fixed-income markets and bond portfolio strategies The design of a strategy benchmark Various aspects of fixed-income modeling that will provide key ingredients in the implementation of an efficient portfolio and risk management process Interest rate risk and credit risk management Risk factors
Based on cutting-edge research by leading corporate critic Louis Lowenstein, The Investor’s Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About It reveals how highly overpaid fund sponsors really operate and walks you through the conflicts of interest found throughout the industry. Page by page, you’ll discover the real problems within the world of mutual funds and learn how to overcome them through a value-oriented approach to this market.
Trump University books are practical, straightforward primerson the basics of doing business the Trump way--successfully.Written by leading experts and including an inspiring Foreword byTrump himself, these books present smart business wisdomillustrated with real-life examples from Trump and otherworld-renowned experts. Perfect for anyone who wants to get aheadin business without the cost of an MBA, these street-smart guidesprovide real-world business advice based on the one thing you can'tget in any business school--experience. In "Trump University RealEstate 101, Second Edition," you'll learn how to: Develop yourentrepreneurial abilities and invest like a pro Make moneyespecially in today's down market Operate your rentals profitablyeven in weak markets Create instant equity in any propertyCalculate the effects of financing on cash flows and propertyvalues Use options and assignments to tie up properties Forecastmarket trends whether up or down Create and enhance the value ofany property And much mor
A detailed look at one of today’s most secure ways to invest and protect assets 。 Swiss Annuities and Life Insurance covers all the important investment and legal aspects of the field。 Readers will learn about the key characteristics of Swiss annuities and life insurance; become familiar with frequently used terminology; and discover how investors can capitalize on these attractive products。 The book also discusses issues related to asset protection and estate planning, and answers numerous tax and reporting requirement questions for U。S。 investors。 Switzerland, one of the most attractive countries in the world to invest and to do business in, has attracted foreign investors for decades。 The financial services sector, and particularly private banking and insurance, has built a unique international reputation that attracts clients from all over the world。 Those who choose to invest with Swiss insurance companies benefit greatly from this financial expertise, where Swi
The first authoritative history of hedge funds-from their rebel beginnings to their role in defining the future of finance. Based on author Sebastian Mallaby's unprecedented access to the industry, including three hundred hours of interviews, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007- 2009. Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first century capitalism. Ken Griffin of Citadel started out trading convertible bonds from his dorm room at Harvard. Julian Robertson staffed his hedge fund with college athletes half his age, then he flew them to various retreats in the Rockies and raced them up the mountains. Paul Tudor Jones posed for a magazine photograph next to a killer shark and happily declared that a 1929- style crash would be "total rock-and-roll" for him. Michael Steinhardt was capable of reducing underlings to sobs. "All I want to
Are investment bankers the responsible guardians of free-market capitalism that they would have us believe? Or are they something more sinister altogether . . . necessary but dangerous players in our free-market economy? “Greed,” said Gordon Gekko in Wall Street, “is good.” But how good is it for capitalism if the major investment banks are basically an oligopoly, keeping their risks low and their profits artificially high? How good is it for companies that listen to their value-destroying advice? And how good is it for the average shareholder, who pays a huge price through portfolios that underperform and have a raft of hidden charges? Philip Augar worked in investment banking for more than twenty years and has since become a gadfly to the industry on both sides of the Atlantic. His new book reveals exactly how the investment banks make their money by acting simultaneously for buyers, sellers, and themselves while carefully avoiding fee-based competition with one another. T
Throughout history, mergers and acquisitions have been the major game played on Wall Street. These deals have had far-reaching effects, on the worlds of finance and industry - more than most commentators or financiers are publicly willing to admit. Deals of the Century captures this dynamic moment in history by taking an in-depth look at the most notable merger and acquisition deals of the twentieth of Carnegie Steel in 1901 to the creation of the former AOL Time Warner, renowned business historian and bestselling author Charles Geisst traces the deals that have had the most dramatic impact on the worlds of both finance and industry over the past century. Decade by decade, you'll be introduced to the personalities behind each event, as industries are built, dismantled, and reorganized by "professionals" driven mainly by the profits extracted from the deals themselves. Engaging and informative, Deals of the Century paints an exciting portrait of the incredible M&A journey and illustrates how many
TheclassicbestsellerbyBenjaminGraham,TheIntelligentInvestorhastaughtandinspiredhundredsofthousandsofpeopleworldwide.Sinceitsoriginalpublicationin1949,BenjaminGraham'sbookhasremainedthemostrespectedguidetoinvesting,duetohistimelessphilosophyofvalueinvesting,whichhelpsprotectinvestorsagainsttheareasofpossiblesubstantialerrorandteachesthemtodeveloplong-termstrategieswithwhichtheywillbecomfortabledowntheroad. Overtheyears,marketdevelopmentshaveborneoutthewisdomofGraham'sbasicpolicies,andintoday'svolatilemarket,TheIntelligentInvestoristhemostimportantbookyouwilleverreadonmakingtherightdecisionstoprotectyourinvestmentsandmakethemasuccess.Featuringnewchapterupdates-whichappendeverychapterofGraham'sbook,leavinghisoriginaltextuntouched-fromnotedfinancialjournalistJasonZweig,thisHarperBusinessEssentialseditionofthetimelessclassicoffersreadersanevenclearerunderstandingofGraham'swisdomasitshouldbeappliedtoday.
The Fisher Investments On series is designed to provideindividual investors, students, and aspiring investmentprofessionals the tools necessary to understand and analyzeinvestment opportunities—primarily for investing in globalstocks. Each guide is an easily accessible primer to economic sectors,regions, or other components of the global stock market. While thisguide is specifically on Telecom, the basic investment methodologyis applicable for analyzing any global sector, regardless of thecurrent macroeconomic environment. Following a top-down approach to investing, FisherInvestments on Telecom can help you make more informeddecisions within the Telecom sector. It skillfully addresses how todetermine optimal times to invest in Telecom stocks and whichTelecom industries have the potential to perform well in variousenvironments. Divided into three comprehensive parts—Getting Started, TelecomDetails, and Thinking Like a Portfolio Manager— FisherInvestments on Telecom: Explains some of the sector
The definitive guide to incorporating for small business owners and entrepreneurs Should I incorporate my business? Which form of corporation will best help me achieve long-term business goals? What legal liabilities do I assume when I incorporate? How do I take full advantage of corporate tax regulations? Get detailed answers to these and all your other questions about incorporating your business in How to Incorporate, Fifth Edition. Attorney Michael Diamond weighs the pros and cons of incorporating, helps you choose the form of corporation that's best for you, and helps you structure your corporation for maximum legal, tax, and business advantage. This edition covers all the latest changes in corporation and partnership laws and includes up-to-the-minute information, advice, and guidance on every topic of concern to business owners dealing with the issues and difficulties of incorporating. You'll find up-to-the-minute information on: When to form a stand
Warren Buttett Is both a unique investor and individual.He is one of the few to ever become a billionaire by investing in the stock market,yet he still does his own tax return,has never issued him-self stock options,and doesn’t want or need a building with his or his company’s name on it. Not too long ago,several members of the media and the investment community were writing off Buffett’s investment principles and style as not being in step with technology investments and new methods of investing.But time has proven these critics wrong.Now,more than ever,the principles,values,and methods used by Buffett to create wealth are sought after and carefully considered. Warren Buffett Wealth does not discuss any of the latest get-rich-quick investment fads. Instead,it focuses on the straightforward,ethical factors and principles of building wealth,sustaining it,and passing it on to future generations for the betterment of society. Written by longtime Buffett expert Robert Mil
The Art of the Trade is a searing portrait of the futures and options industry as seen through the eyes of someone who has participated in this arena for more than twenty years. On one level, its a brutally honest, no-punches-pulled look at the individuals and institutions that comprise this unique community. On another level, The Art of the Trade is a personal story of the challenges author Alan Jankovsky faced as he battled the markets, the brokerage industry, and his own early penchant for self-destruction.
Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: estimate cash flows calculate discount rates adjust for accounting distortions take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the ri
For investors at all levels. Completely updated, this practical guide has the informationinvestors need to keep up in the complex, fast-paced, and highlyprofitable world of options and futures, where everything is inplay—from oil to diamonds, poultry to vaccines, franchises tocoffee. ? Provides cutting edge information on energy futures andoptions ? Tools for creating flexible strategies that can move with thetimes ? New information on the solid standbys like livestock, preciousmetals, and equities ? Keyed to the new realities of the global economy, making thisbook vital for investors at all levels ? Highly respected expert author
"Dave Corbett's book turns two simple ideas into a program for life-enrichment, that you can create a life expressly for yourself and that the so-called retirement years are the best time to do it. Drawing on a lifetime of work with people who were rethinking what they wanted and their direction, he shows how to do both those things. Be warned: If you read the book, you're going to be changed. But I think you'll like how you turn out." "Dave's book reveals a powerful and profound formula for crafting a genuinely rich life. If you agree that retirement is passé, and you are a lifelong learner and have a desire to make your life count in a deeply fulfilling way, you will love this book." "Healthy, fit, financially secure, and happy for another 40 years? Is there really that kind of gold over 'them thar' hills? Yes, and Portfolio Life is the guide, leading boomers to a life path never before traveled by so many. Don't pass 50 without it." "This is the work of a wise, thoughtful author with decades o
This book gives an introduction to the bond markets for practitioners and new entrants who need to understand what they are, how they work and how they can be used, but do not want to be intimidated by mathematical formulae. By the end of the book readers will be able to decide whether to invest in the bond market. The mathematical formulae will be relegated to the appendices and supplemented by a companion website which allows users to enter their own bond market investments, to simulate anticipated events and see the results. Patrick Brown is well-known as Chairman of the European Bond commission (recently retired). The only bond book that does not rely heavily on mathematical formulae.
CNBC anchor Insana (The Message of the Markets) has chronicled past investment fads and bubbles to provide lessons to prospective and current investors. He asserts that it's "not enough to study, observe and comment on financial folly." Investment fads will continue to happen, and by using historical information investors may recognize the signs of an impending bubble. The author devotes most of the chapters to describing the fads and bubbles that have occurred over the years, such as the Dutch tulip mania of the 1630s, the feverish interest in plank road companies in the 1840s and 1850s, the surge in closed country funds in the late 1980s, and the bull market of the 1990s. The chapters "Trendwatching" and "Endwatching" offer advice on how to identify a mania while it is happening and describe the effects on the investor and the stock market when a bubble bursts. The last chapter contains questions and answers for analyzing the possibility of a future "hard asset" bubble. While well written and offering valid
An Introduction to Fund Management introduces readers to the economic rationale for the existence of funds, the different types available, investment strategies and many other related issues from the perspective of the investment manager. It gives an overview of the whole business and explores the process and techniques of fund management, performance measurement and fund administration. This updated edition reflects new regulatory changes and industry developments.
Synopsis: Jean Chatzky of NBC's Today and Money magazine offers a groundbreaking approach to personal finance, asking "How much money do you need to be happy?" Her research shows that the happiest people in America, at all income levels, tend to use the money strategies that Chatzky calls the ten commandments of financial happiness."The perfect book for these challenging times, as it offers readers the gifts of both wealth and meaning."QWayne Dyer. Synopsis: Chatzky of NBC's "Today" and "Money" magazine offers a groundbreaking approach to personal finance by asking, "How much money do you need to be happy?"
Sound investment basics. Valueinvesting concentrates on business tangibles and common sense. Thisguide explains these strategies in clear, jargon-free terms, andgives advice on: the importance of knowing the four major parts ofa company?’s annual report and how to read them, how to listen forinsights into the company plans and performance during the CEO?’sdiscussion with analysts, and major strategic investment policiesthat drive value investing and how to select the one right for yourgoals. ?· From an expert financial writer ?· Red-hot investment strategy in this troubled financialclimate ?· Billionaire gurus like Warren Buffet advocate valueinvesting
A complete explanation of the issues that determine private firm value Principles of Private Firm Valuation combines recent academic research and practical real world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus
Michael Edleson first introduced his concept of value averaging to the world in an article written in 1988. He then wrote a book entitled Value Averaging in 1993, which has been nearly impossible to find—until now. With the reintroduction of Value Averaging, you now have access to a strategy that can help you accumulate wealth, increase your investment returns, and achieve your financial goals. 作者简介: Michael E. Edleson is a Managing Director of Morgan Stanley and oversees the firm's equity risk globally. Prior to that, he was Chief Economist of NASDAQ and a finance professor at Harvard Business School. Edleson earned his PhD at MIT.
3 Easy Steps to Better Stock Investing Lessons explain key stock investing concepts clearly and simply to help you learn quickly. Quizzes reinforce and build on what you learn. Worksheets let you put what you learn into practice immediately to improve your own investing. Morningstar Investing Workbook Series helps you build skills progressively at your own pace. Look for these other titles in the Workbook Series: Stocks 2: How to Select Winning Stocks Stocks 3: How to Refine Your Stock Strategy Mutual Funds 1: Find the Right Mutual Funds Mutual Funds 2: Diversify Your Fund Portfolio Mutual Funds 3: Maximize Your Fund Returns Morningstar has been helping investors make better investing decisions for more than 20 years with independent information and analysis. Morningstar people are passionate about helping you invest successfully. Paul Larson is the editor of the Morningstar Investing Workbook Series: Stocks. He is also one of Morningstar's Equities Strategi