Trading for the First-Time Investor
De som köpt den här boken har ofta också köpt The 48 Laws of Power av Robert Greene (häftad).
Köp båda 2 för 475 krGlen Arnold is the author of Corporate Financial Management, now in its 4th edition, Financial Times Guide to Value Investing 2e, The Handbook of Corporate Finance, FT Guide to Investing, 2e, The FT Guide to the Financial Markets and The Great Investors. FT Guide to Investing is the most successful book in the personal finance section of Total Consumer Market by value.
Acknowledgements
About the author
List of acronyms
Preface
1 The thrill of owning shares
Imagine being the owner of some great companies
How to become a millionaire
Returns over the decades
International comparison
Comparing the returns on other investments
2 Businesses and shares
What is a share?
Why do we need shares?
Partnerships and liability
Directors are not the same as owners
Some more on ordinary shares
Its easy to create shares
Authorised, issued and par values
Public, private and listed
No right to vote
Parents and groups
Primary versus secondary markets
3 What you receive from the company
A flow of cash income
How much is paid?
When do I get paid?
Downloading data on dividends for a company
Dividend yield
Capital gains (and losses)
Share buy-backs and special dividends
Perks
4 What do stockbrokers do?
They are not posh anymore
Types of broker
Setting things up with a broker
Execution-only (or dealing-only) service
Advisory dealing service
Discretionary service
Choosing a stockbroker
Instructions and instructions
Ways of paying for your shares
Internet dealing
Transferring shares without brokers
5 What happens once you have decided to trade?
Older ways of trading
Quote-driven trading
Order-driven trading
So which system is best?
Clearing
Settlement
Alternatives to SETS in London
After the deal
The advanced stuff direct market access
6 What do stock markets do?
A worldwide phenomenon
Shifts in stock exchanges
A fair market
The main benefits of a well-run stock exchange
The London Stock Exchange (LSE)
The London Stock Exchange primary market
The secondary markets
The Alternative Investment Market (AIM)
PLUS
7 Sifting out the important stuff on the internet
What the company puts out
Newspaper websites
Financial websites
Financial website navigation, step by step
Directors dealings
Trading online
8 Preference, foreign and golden shares
Preference shares
Overseas shares
Golden shares
9 What drives share prices?
Business is business, regardless of scale
A multiplicity of factors
Economic growth
Inflation and interest rates
Export potential and currency shifts
Change in the industry
Government actions
Social trends
The anticipation machine
Dont do the following
10 Assessing a company
Investors versus speculators
Assessing an industry
Competitive resource analysis
The TRRACK system
Quality of management
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