Get started in shares trading for the first-time investor
Investing can be fun as well as rewarding. It could certainly earn you much more than you could gain by sticking your money in a bank account. It really does not require much to make money from the stock market - just an understanding of a few simple concepts and the following of a few rules. Writ...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Harlow, England :
Pearson
[2013]
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| Edición: | 1st edition |
| Colección: | Financial Times
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628469806719 |
Tabla de Contenidos:
- Cover
- Contents
- Acknowledgements
- Publisher's acknowledgements
- About the author
- List of acronyms
- Preface
- Chapter 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
- Chapter 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
- It's easy to create shares
- Authorised, issued and par values
- Public, private and listed
- No right to vote
- Parents and groups
- Primary versus secondary markets
- Chapter 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
- Chapter 4: What do stockbrokers do?
- They are not that 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
- Chapter 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
- After the deal
- The advanced stuff - direct market access
- Chapter 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
- Chapter 7: Sifting out the important stuff on the internet
- What the company puts out
- Newspaper websites
- Financial websites
- Financial website navigation, step by step
- Director's dealings
- Trading online
- Chapter 8: Preference, foreign and golden shares
- Preference shares
- Overseas shares
- Golden shares
- Chapter 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
- Don't do the following
- Chapter 10: Assessing a company
- Investors versus speculators
- Assessing an industry
- Competitive resource analysis
- The TRRACK system
- Quality of management
- Chapter 11: Profits and balance sheets
- The future is the focus, the past gives us clues
- Profit and loss account
- Balance sheet
- Chairman's statement
- Chief executive's review
- Directors' report and business review
- Auditors' report
- Five-year summary
- Trading statements
- Chapter 12: Cash flow and key ratios
- Cash flow statement
- Key ratios and measures
- Chapter 13: Measuring risk
- The greatest risk of all
- Diversification - the nearest thing to a free lunch in investing
- Volatility
- Correlation
- Beta and alpha
- Some more types of risk
- Great investors' views on risk
- Chapter 14: Companies selling shares to outsiders
- Can be good, but be cautious
- The sponsor
- The prospectus
- Finding out about new issues
- Underwriting
- The role of the corporate broker
- Methods of flotation
- How does an AIM flotation differ from one on the Official List?
- After flotation
- Chapter 15: Seasoned equity offerings.
- Rights issues
- Illustration of a rights issue
- Other equity issues
- Splits and consolidations
- Chapter 16: Stock market indices
- How are indices calculated?
- The major UK market indices
- Venturing abroad - international indices
- Other important indices
- Chapter 17: Taxation
- Stamp duty
- Tax on dividends
- Capital gains tax (CGT)
- Individual savings accounts (ISAs)
- Personal pensions
- Tax benefits of investing in AIM companies
- Be a cheerful giver: get the taxman to give away money too!
- Chapter 18: Regulation of the markets
- Scams
- UK regulation
- The Financial Conduct Authority (FCA)
- Be reassured, but take precautions
- Index.
