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Investment & securities

See below for a selection of the latest books from Investment & securities category. Presented with a red border are the Investment & securities books that have been lovingly read and reviewed by the experts at Lovereading. With expert reading recommendations made by people with a passion for books and some unique features Lovereading will help you find great Investment & securities books and those from many more genres to read that will keep you inspired and entertained. And it's all free!

How to Become a 7 Figure Trader

How to Become a 7 Figure Trader

Author: Mike Bellafiore Format: Hardback Release Date: 09/10/2020

Your how-to guide on becoming a seven-figure trader Great traders are made, not born. Keeping that in mind, this book explores a blueprint you can follow to become a seven-figure trader and shares the trading lessons that can be learned from those who have reached this lofty plateau in the challenging world of prop trading. Inside, you'll learn about why some traders succeed, important attributes about them, their favorite setups, observations on their personal journeys as traders, and much more. - Each chapter is devoted to a seven-figure trader, infused with trading lessons throughout - The book covers 10 great traders who have pushed themselves to high levels of profitability - The information explores how the traders have won - The content makes a connection between the commonalities that exist between all the successful stories shared Written by the author of the trading classic One Good Guide, this book gives aspiring prop leaders everything they need to become a seven-figure trader.

The Psychology of Money

The Psychology of Money

Author: Morgan Housel Format: Paperback / softback Release Date: 08/09/2020

Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money-investing, personal finance, and business decisions-is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.

Performance Evaluation

Performance Evaluation

Performance Evaluation, Second Edition, presents an updated, comprehensive exploration of portfolio evaluation. Based on the authors' Performance Evaluation and Attribution of Security Portfolios (2012) this Second Edition adds four new chapters and updated content throughout in its practical approach to measuring manager skills and using recent statistical techniques to solve investment problems. Added are new factor models, including the newly developed q-factor model and the new models of Fama and French; new examples; and new work on qualitative considerations used in performance evaluation. Highly detailed, Performance Evaluation, Second Edition, combines academic rigor with practical applications and guidance for applications of diverse approaches.

The Financial Times Guide to Investment Trusts

The Financial Times Guide to Investment Trusts

Author: John C Baron Format: Paperback / softback Release Date: 28/08/2020

Making your capital work hard has never been more important than it is today. Investment trusts, often over looked as an investing vehicle, are a key tool in getting better returns on your money. The Financial Times Guide to Investment Trusts is your concise and jargon free introduction to one of the City's best kept secrets. It explains how investment trusts differ from unit trusts and OEICs and explores the pros and cons of investment trusts including their superior performance. It also helps you identify your investment objectives, discusses the basic principles of successful investing, and how to run a trust portfolio. Whether you are a novice DIY investor or have many years' experience and wish to question the experts; the FT Guide to Investment Trusts: * Provides a detailed overview of what investment trusts are and how they differ from other funds * Examines the factors which help to explain the better performance of trusts - including cheaper fees, discounts and gearing * Analyses the stepping stones to successful investing * Shows you how to construct and monitor a trust portfolio * Highlights the workings of two live and benchmarked portfolios which John has been sharing with Investor Chronicle readers over the years.

The Incredible Shrinking Alpha 2nd edition

The Incredible Shrinking Alpha 2nd edition

Author: Larry Swedroe Format: Paperback / softback Release Date: 25/08/2020

Active managers persistently lag the returns of benchmarks and index funds that track them, with the excuses for underperformance recycled every year. This comprehensive book is the antidote for the active managers' siren song. If you understand the benefits of indexing, or systematic investing, it will reinforce your commitment while increasing your knowledge. If you don't yet believe, Swedroe and Berkin provide a compelling case that you're playing the loser's game of active management. Alpha, or outperformance against appropriate risk-adjusted benchmarks, is shrinking as it gets converted into beta, or factor exposures. They demonstrate that even for the most talented managers, their ability to add value is waning because: the amount of alpha available is declining; it must be split among an increasing amount of investment dollars; and the competition is getting tougher. In this greatly expanded second edition, Swedroe and Berkin show you how to develop an investment plan that focuses on what risks to take, and how much of them, as well as how to build a diversified portfolio. They present a list of vehicles to consider when implementing your plan and provide guidance on the care and maintenance of your portfolio. As a bonus they add appendices that will make you a more informed and, therefore, better investor.

Country-Risk Rating of Overseas Investment from China

Country-Risk Rating of Overseas Investment from China

Author: Zhang Ming, Wang Bijun Format: Hardback Release Date: 30/07/2020

China is currently one of the most important players in the global investment scene. However, with the rapid growth of overseas investment, there is also sharp increase of the investment risks. Their country-risk rating system constructs five indicators, including economic fundamentals, ability to service debt, social flexibility, political risk and the relation with China, to provide warning and reference for Chinese enterprises and sovereign wealth funds. This year's rating system expands to fifty-seven countries, which makes their system more comprehensive. China carries on risk rating for thirty-five One Belt One Road economies to enhance the reference value for policymakers. China's outbound direct investment hit a new high in 2016, reaching $196.15 billion, making the country the world's second-largest overseas investor. The volume of its outbound direct investment increased by 34.7% year-on- year in 2016 and accounted for 13.5% of the world's total -the first time it exceeded 10%. Since 2003, when the Ministry of Commerce joined hands with the National Bureau of Statistics and the State Administration of Foreign Exchange to start releasing authoritative investment data annually, China's outbound direct investment has kept increasing for 14 consecutive years. From 2002 to 2016, the annual average growth of its outbound direct investment reached 35.8%. In 2016, China's outbound direct investment once again exceeded the foreign direct investment it received, making it a net capital exporter for two consecutive years. Meanwhile, its outbound direct investment stock hit $1.35739 trillion at the end of 2016, China had the most overseas M&A deals in history in terms of both number and value of M&A deals. In the future, China is expected to bring out more of its investment potentials and build a win-win cooperative relationship with other countries following its economic transition and upgrading, rising competitiveness of Chinese enterprises in overseas markets and steady advancement of the Belt and Road initiative.

Algorithmic Trading Methods

Algorithmic Trading Methods

Algorithmic Trading Methods: Applications Using Advanced Statistics, Optimization, and Machine Learning Techniques, 2nd Edition focuses on trading strategies and methods, including new insights on the evolution of financial markets, pre-trade models and post-trade analysis, liquidation cost and risk analysis required for regulatory reporting, and compliance and regulatory reporting requirements. Highlighting new investment styles, it adds new material on best execution processes for investors and brokers, including model validation, quality and assurance, limit order model testing, and smart order model testing. Using basic programming tools, such as Excel, MATLAB, and Python, this book provides a process to create TCA low cost exchange traded funds.

Essays on Algorithmic Trading

Essays on Algorithmic Trading

Author: Markus Gsell Format: Paperback / softback Release Date: 24/07/2020

Stock Investing For Dummies

Stock Investing For Dummies

Author: Paul Mladjenovic Format: Paperback / softback Release Date: 16/07/2020

New ideas, strategies and resources to help you prosper in both up and down markets This new edition of Stock Investing for Dummies gives you proven strategies for selecting the stock of solid, winning companies and help you build your portfolio for either growth, cashflow (dividends) or both. Long-term stock investing has been a reliable and foundational part of most wealth-building plans for over a century and you can benefit from profitable, actionable tactics, tips and successful strategies in this edition. You will be able to navigate confidently through the post-pandemic period and through the market's rollercoaster ride and end up more prosperous than most stock investors. You'll also learn which types of stocks are best in a recession or stagnant economy. With the help of this guide, you'll quickly learn how to profit despite the turbulence and uncertainty with plain-English tips and information on both stocks and ETFs, new tax rules, exchanges, and investment vehicles, as well as the latest guidance on the global market landscape. Find out... The best approaches for investing in stocks (chapter 3) How to successfully invest in stocks with less than $100 (chapter 19) How to make your stock portfolio a cash flow machine for retirement (chapter 9) Learn how to minimize losses and maximize gains (chapter 17) The 10 features of a great stock to buy for long-term success (chapter 22) 10 ways to successful invest when the market is down (chapter 23) See the right numbers inside the company for safer stock choices (chapter 11) Need more income? Find out how to choose solid dividend-paying stocks (chapter 9) Explore new investment opportunities (chapter 13) Don't just make gains & income...learn how to keep more after taxes (chapter 21) Stock Investing for Dummies is an essential guide for anyone looking for trusted, comprehensive guidance to ensure their stock investments keep growing.

Benjamin Graham's Net-Net Stock Strategy

Benjamin Graham's Net-Net Stock Strategy

Author: Evan Bleker Format: Paperback / softback Release Date: 14/07/2020

IN 1975, legendary value investor Benjamin Graham wrote that his net-net stock strategy worked so well that he had renounced all other value investing strategies. In his 2014 shareholder letter, Warren Buffett wrote that he earned the highest returns of his career employing this 'cigar butt' approach to investing. And despite the widespread assumption that net-net stocks are a relic of the past, Graham's net-net stock strategy is just as viable today for small private investors as it was for Buffett's 'superinvestors' during their early careers. Net-net investing remains the most powerful value investing approach a small investor can adopt. This book is your ultimate practical guide to implementing it - and reaping the rewards - in today's markets. Evan Bleker has spent ten years studying Graham's strategy to uncover its real-world performance, how to employ it, and why it works. He's also dug deeply to identify additional criteria to boost returns and ensure a greater number of winners. In this book, Evan defines the strategy for investors, then walks readers through the strategy's philosophy, as well as academic and industry studies assessing the framework, and its implementation by world-class value investors such as Benjamin Graham, Warren Buffett, and Peter Cundill. He also compiles selection criteria into a practical checklist for investors, and documents how the strategy works in today's markets with exclusive detailed case studies.

What Determines U.S. Swap Spreads?

What Determines U.S. Swap Spreads?

Author: Adam Kobor, Lishan Shi, Ivan Zelenko Format: Paperback / softback Release Date: 12/07/2020

This title examines the evolution of the U.S. interest swap market. It reviews the theory and past empirical studies on U.S. swap spreads and estimates an error correction model for maturities of 2-, 5- and 10-year over the period 1994-2004. Financial theory depicts swaps as contracts indexed on Libor rates, rendered almost free of counterparty default risk by mark-to-market and collateralization. Swap spreads reflect the Libor credit quality (credit component) and a liquidity convenience premium present in Treasury rates (liquidity component). Multifactor models which were estimated on observed swap rates highlighted the central role played by the liquidity component in explaining swap spread dynamics over the past fifteen years. They also found, however, some puzzling empirical results. Statistical models, on the other hand, mainly based on market analysis, faced technical difficulties, arising from the presence of regime changes, the non-stationarity in swap spreads, and the co-existence of long-term and shorter-term determinants. Against this background, the authors applied the error correction methodology based on the concept of co-integration. They find that U.S. dollar swap spreads and the supply of U. S. Treasury bonds are co-integrated, suggesting that the Treasury supply is a key determinant on a long-term horizon. They then estimate an error correction model which integrates this long-term relationship with the influence of four shorter-term determinants: the AA spread, the repo rate, the difference between on-the-run and off-the-run yields, and the duration of mortgage backed securities. The error correction model fits observed swap spreads quite well over the sample period. The authors then illustrate how the same model can be used to carry out scenario analysis.

Security Analysis and Portfolio Management

Security Analysis and Portfolio Management

Author: S. Kevin Format: Paperback / softback Release Date: 12/07/2020