Content:
ToggleAbout the book
The authors tried to give a detailed description of the structure of the US stock market., draw conclusions and give advice, allowing you to apply the knowledge gained in any stock market - not only in the UNITED States, but also in Russia.
After reading this book, you will get acquainted with the history of the US stock market and its structure, learn about the main participants, their goals and functions, master the "combat arsenal" of the investor's financial instruments.
A large section is dedicated to practice: ago, how to become an investor, long-term investment, active trading.
From the authors
The work of banks is built on a successfully functioning stock market, insurance companies, pension and investment funds around the world; the power of giant corporations and the daily struggle for their assets. The history of Wall Street is the history of the formation and development of the American economy, which is in many ways, which have, precisely because of the existence of a developed stock market in the country.
This book contains comprehensive information for, to start your journey into the world of exchange investments - information about exchanges, about that, how they work, about that, how to make transactions in the market and what should be guided by this, about the general principles of fundamental analysis, about that, where to get information for making investment decisions.
We cannot promise you, that all your transactions will be successful - but we can show the complexity and attractiveness of the investment world, get to know the basics, so that later you can gradually build your own investment strategy and trading system.
Who is this book for
This is a book for practicing financiers and investors..
Table of contents:
- Greeting
- Foreword. The place and role of the stock market in the economy
- Theory
- Chapter 1. Stock market history
- 1.1. How and why exchanges and traders appeared. Creation of American exchanges
- 1.2. The rise of the American stock market. Agrarian, rail and banking crises
- 1.3. The US financial market and financial tycoons of the late 19th - early 20th centuries in fiction
- 1.4. New era and the Great Depression
- 1.5. The revival of stock trading
- 1.6. The first electronic trading systems. OTC market and creation NASDAQ
- 1.7. ECN against traditional exchanges. Internet trading is revolutionizing stock trading
- 1.8. A crisis 2008 years and market rescue
- 1.9. Recent history of the stock market and its prospects
- 1.10. The most famous and eccentric US investors, business creators and CEOs
- Chapter 2. How the financial market works
- 2.1. The main participants in the financial market and their goals
- 2.2. What are we for Brokers
- 2.3. Custodian and clearing organization: what is it and how does it work
- 2.4. What do investment banks do
- 2.5. Federal Reserve System: role and main functions
- Chapter 3. The investor's battle arsenal: basic financial instruments
- 3.1. Promotions: share in big business
- 3.2. Bonds: debts for sale
- 3.3. ETF: follow the market
- 3.4. Futures and options: next level
- 3.5. Profitability, which can be earned on different financial instruments
- Chapter 4. How and why are shares listed on the stock exchange?
- 4.1. Why do companies go to IPO
- 4.2. Share placement procedure: main steps
- 4.3. Life after IPO: tasks of the head of the company in the modern world
- 4.4. Dividends: why do some companies pay, others don't
- 4.5. How the stock price of companies behaves after an IPO in the long term
- Chapter 5. Financial market regulation: who protects the investor
- 5.1. Financial legislation: basic principles and important points
- 5.2. SEC: main functions and powers
- 5.3. Self-regulatory organizations and their role
- 5.4. Investor insurance system
- Practice
- Chapter 6. How to become an investor
- 6.1. Where to begin? Goal setting and personal financial plan
- 6.2. Investment Ways: individual and collective investment
- 6.3. Work on the exchange through a broker: what you need to know
- 6.4. How to read the broker's statements
- 6.5. How to buy and sell stocks: studying the trading platform
- 6.6. Buy and sell orders: main types
- Chapter 7. Long-term investment in practice
- 7.1. Passive investing: smart start and fundamental analysis
- 7.2. Fundamental analysis: news and events
- 7.3. Learning to read company statements
- 7.4. Company Valuation Methods: choose the best
- Chapter 8. Active Trading on practice
- 8.1. Active investor: what is important to know
- 8.2. We form an investment portfolio: diversification and selection of instruments
- 8.3. Medium term trading: getting ready for trade
- 8.4. Medium term trading: we implement investment ideas
- 8.5. Intraday trading: how to trade intraday
- Chapter 9. Success stories: how did they make money
- 9.1. Jesse Livermore: how to guess the trend and make everyone hate you
- 9.2. Warren Buffett: with your favorite promotions - together and forever
- 9.3. George Soros: reflect on it
- Dictionary investor - basic terms
Quotes from the book
Business type
The stock market has allowed people, not having serious initial capital, receive a share in the business and a part of the generated profit or income from the movement of quotations - that is, in the final analysis, it was the stock market that contributed to a more equitable and even distribution of wealth in society
Listing
Listing - the procedure for selection and admission of securities to organized trading. Exchanges have requirements for the size of the issuer, its profitability, financial performance, the presence of an audit, history of existence and so on. Listing is usually several levels: the higher the level, the more large and reliable companies are represented in it.
Ups and downs
Really, for 120 years, since the beginning of the publication of the Dow Jones, the US market has experienced a total of 33 recession - approximately one every four years. At the same time, the stock market always increased and after the recessions, phases of active growth began., leading stock indices to new all-time highs.
Nicholas Berggrun - billionaire bum
The founder of the investment company led an ordinary billionaire life, while in 45 years did not realize, that happiness is not in money. Having sold all movable and immovable property, Nicholas Berggrun focused on his intellectual and spiritual development. He is now officially listed as homeless., travels all over the world, lives in hotels and rarely appears in the office.
hedge funds
Hedge funds are often referred to as the stock market predators and vultures for their attempts to cash in on crashes and crashes.. So, one of the strategies of American hedge funds is to buy bonds of Latin American countries, defaulted, for a song, and then through the courts to force these countries to pay off their debts. In particular, such actions were taken by US hedge funds in relation to Argentina and Peru.
Paul Allen seeks life on Mars
Co-founder of Microsoft Corporation, making enough money, invested more 30 mln USD. in the creation of a system of telescopes for detecting alien intelligence. Supersensitive antennas installed in San Francisco, able to pick up the signals of thinking creatures from other planets. Billionaire confident, what to 2025 year mankind will receive evidence of life on Mars.
