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

About the Author

Roger H. Juchau is Emeritus Professor of Accounting and Management at the University of Western Sydney (UWS). He has also held academic posts at Lincoln University, Macquarie University, Nepean CAE and the Queensland Institute of Technology, and was Commonwealth Foundation Fellow at the University of the South Pacific. Professor Juchau is a graduate of the University of NSW, Queensland and Sussex Universities and a Fellow of the CPA Australia and the NZ Institute of Management. He has been a visiting professor at the University of California, Davis, and the Wye College, University of London. Roger initiated and led the development of accounting programs at UWS, South Pacific, Nepean and Lincoln. He has contributed to professional and academic literature through textbook writing, research monographs and professional and academic papers.

Donald G. Ross is Professor of Finance in the Faculty of Business at the Australian Catholic University in Sydney, where he teaches undergraduate and postgraduate coursework, and doctoral students in the areas of accounting for decision making, financial management, investments and funds management, and new venture financing. He has also held academic positions at Macquarie Graduate School of Management, Macquarie University, the University of Western Sydney and St Francis Xavier University, as well as short-term visiting appointments at universities in Europe, North America and the Asia-Pacific region. Don is an active researcher, with texts, book chapters, journal articles and case studies published on a wide variety of topics in finance and accounting.

Sue Wright is an Associate Professor in the Department of Accounting and Finance at Macquarie University. Her research interests include corporate governance, earnings management, corporate performance measurement, financial reporting, business valuation and analysis, and business education. She has taught investments, corporate finance and financial statement analysis, and supervises a number of PhD students and honours students.