Screen LibraryWealth forever : the analytics of stock markets /
This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested...
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| Corporate Authors: | |
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| Group Author: | |
| Published: |
World Scientific Pub. Co.,
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| Publisher Address: | Singapore ; Hackensack, N.J. : |
| Publication Dates: | 2003. |
| Literature type: | eBook |
| Language: | English |
| Subjects: | |
| Online Access: |
http://www.worldscientific.com/worldscibooks/10.1142/5329#t=toc |
| Summary: |
This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested. The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death. All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the various methods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks. |
| Carrier Form: | 1 online resource (x,564pages) : illustrations (some color) |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9789812796677 (electronic bk.) |
| CLC: | F830.91 |
| Contents: | Foreword -- ch. 1. The fascinating world of the stock market: basic knowledge and considerations. 1.1. Introduction. 1.2. Stock ownership has never been easier. 1.3. Markets and their indices. 1.4. Types of accounts. 1.5. Types of orders. 1.6. Types of positions. 1.7. Dates to remember. 1.8. Conclusion -- ch. 2. Investment philosophies and techniques. 2.1. Introduction. 2.2. The fundamental school. 2.3. The technical school. 2.4. Venues for participating in the stock market. 2.5. Conclusion. -- ch. 3. The performance history of US equity markets. 3.1. Introduction. 3.2. The Y2K strikes, with a bear market. 3.3. The soaring 1990s. 3.4. The long-term history of US stock markets. 3.5. Lessons from history. 3.6. Conclusion -- ch. 4. US stock market performance relative to other instruments and markets. 4.1. Introduction. 4.2. Bonds and other investment alternatives. 4.3. Global comparisons and macroeconomic factors. 4.4. Reducing risk through dollar-cost-averaging and long-term investing. 4.5. Conclusion -- ch. 5. Balancing risks and returns: three theoretical insights -- 5.1. Introduction. 5.2. Portfolio diversification. 5.3. The asset pricing model and theory. 5.4. The efficient market hypothesis and its implications. 5.5. The insights from insights: concluding remarks -- ch. 6. Equity valuation. 6.1. Introduction. 6.2. Valuation by multiples and ratios. 6.3. Valuation by cash flow analysis. 6.4. Other valuation models. 6.5. Putting it all together, analytically. 6.6. Concluding remarks -- ch. 7. How to select stocks: capitalizing on inefficiencies? 7.1. Introduction. 7.2. Are stock returns predictable? 7.3. Event studies and return predictability. 7.4. The "Dogs of Dow". 7.5. Select stocks to beat the market: concepts of fundamental analysis and technical analysis. 7.6. The problems of active trading strategies. 7.7. A generalized framework for evaluating stocks. 7.8. Conclusion -- ch. 8. Stock options, warrants and convertibles. 8.1. Introduction. 8.2. Options. 8.3. Warrants and convertible securities. 8.4. Conclusion. Appendix. An alternative method for pricing a stock option contract -- ch. 9. Retirement planning and tax minimization. 9.1. Introduction. 9.2. Retiring comfortably? 9.3. Social security, US style. 9.4. The pressing urgency for supplemental retirement income. 9.5. Supplemental retirement plans. 9.6. The nature and scope of tax considerations. 9.7. Conclusion -- ch. 10. Holding the government at bay: wealth preservation and control. 10.1. Introduction. 10.2. The "Less Intrusive Alternative" Model of wealth preservation. 10.3. Key types and uses for trusts. 10.4. Tax planning for investments. 10.5. Investing through mutual funds and other pass through entities. 10.6. Taxability of traded stock options. 10.7. Wealth preservation strategies. 10.8. The goal of wealth preservation strategies. 10.9. A classic approach for investor control. 10.10. Conclusion -- Index. |