Table of Contents

PART ONE Preparing to Invest 1 The Investment Environment 2 Markets and Transactions 3 Investment Information and Securities Transactions PART TWO Important Conceptual Tools 4 Return and Risk 4A The Time Value of Money 5 Modern Portfolio Concepts PART THREE Investing in Shares 6 Shares 7 Analysing Shares 8 Share Valuation 9 Technical Analysis, Market Efficiency and Behavioural Finance PART FOUR Investing in Fixed-Income Securities 10 Fixed-Income Securities 11 Bond Valuation PART FIVE Portfolio Management 12 Managed Funds: Professionally Managed Portfolios 13 Managing Your Own Portfolio PART SIX Derivative Securities 14 Options: Puts and Calls 15 Commodities and Financial Futures Appendix A Financial Tables A-1 Index I-1 Credits C-1 WEB CHAPTERS 16 Investing in Preference Shares 525 17 Real Estate and Other Tangible Investments