Real estate investment trusts (“REITs”) have been
around for more than fifty years. Congress established
REITs in 1960 to allow individual investors to invest
in large-scale, income-producing real estate. REITs
provide a way for individual investors to earn a share
of the income produced through commercial real
estate ownership – without actually having to go out
and buy commercial real estate.
What is a REIT?
A REIT, generally, is a company that owns – and
typically operates – income-producing real estate or
real estate-related assets.
An “investment adviser” is an individual or firm responsible for making investments on
behalf of, and providing advice to, investors. An investment adviser has a duty to act in
the best interest of their clients. Sometimes, however, investment advisers will take
advantage of their positions of trust and use unauthorized and deceptive methods to
misappropriate money directly from their clients. Investors should be careful to review
their monthly account statements and to conduct annual reviews of their investment plans
with their investment adviser.
A thorough trading guide from a professional trader
The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets.
Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With ofﬁces in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written speciﬁcally for ﬁnance and investment professionals as well as sophisticated individual investors and their ﬁnancial advisors.
Berkshire Hathaway’s stock has risen nearly 27 percent a year for
Bthe past 36 years. For its consistency and proﬁtability, this com-
pany, managed by Warren E. Buffett of Omaha, has been amazing.
If you asked Buffett how you, as an individual investor, could go
The bull market of the late 1990s created significant wealth, yet subse-
Tquent bear market years diminished many investor portfolios. Natu-
rally, investors find the concept of shrinking assets to be unacceptable
and seek ways to generate greater wealth. Emulating the best practices
of the world’s most successful investors has led to increasing “retailiza-
tion” of hedge funds, funds that formerly were available only to the
world’s richest individuals.
Motivation for Developing the Course
Research by the members of the project consortium Employers’ Confederation
of Latvia and Bulgarian Chamber of Commerce and Industry indicated the need for
further education courses.
Innovative Content of the Course
The course is developed to include the following innovative content:
• Key concepts of investment analysis and portfolio management which are
explained from an applied perspective emphasizing the individual
investors‘decision making issues...
The purpose of this book is to share some of the tips, techniques, and
observations that have worked for me and other highly successful
traders. After nearly 23 years as a registered broker in the futures and
options field, I have come to know quite a few successful traders and have
personally made many successful trades. I have also experienced my share
of disasters and have known traders and investors who were doomed for
Motivation for Developing the Course Research by the members of the project consortium Employers’ Confederation of Latvia and Bulgarian Chamber of Commerce and Industry indicated the need for further education courses. Innovative Content of the Course The course is developed to include the following innovative content: • Key concepts of investment analysis and portfolio management which are explained from an applied perspective emphasizing the individual investors‘decision making issues
This chapter first discusses some basic themes for the next chapter. We begin with term investment and discuss the profitability and risks associated with investments. this leading to a lecture on how to measure price and expected return on an individual history vidual asset or a portfolio of assets
Fueled in part by some extraordinary theoretical developments in finance, an explosive growth of information and computing technology, and the global expansion of investment activity, investment theory currently commands a high level of intellectual attention. Recent developments in the field are being infused into university classrooms, financial service organizations, business ventures, and into the awareness of many individual investors. Modern investment theory using the language of mathematics is now an essential aspect of academic and practitioner training....
If successful, this book will change your idea about what an optimal investment
portfolio is. It is intended to be a guide both to understanding
irrational investor behavior and to creating individual investors’ portfolios
that account for these irrational behaviors. In this book, an optimal portfolio
lies on the efficient frontier, but it may move up or down that frontier
depending on the individual needs and preferences of each investor.
Mục đích của thị trường chứng khoán là tạo điều kiện thuận lợi cho việc trao đổi chứng khoán giữa người mua và người bán, do đó cung cấp một thị trường (ảo hoặc thực). Các trao đổi cung cấp thông tin thương mại thời gian thực trên các chứng khoán niêm yết, tạo điều kiện thuận lợi cho phát hiện giá cả
In addition to testing for the presence of smart money, the disaggregated na-
ture of our fund f low data allows us to examine two key hypotheses with respect
to mutual fund investor behavior. Specifically, we are in a position to compare
the quality of fund selection decisions made by individual and institutional
investors, and likewise to compare fund buying and selling decisions.
The number one concern of start-up entrepreneurs and growing small business
owners and managers is how to finance their venture. When the personal
financial resources of the entrepreneur are exhausted, when the
tradition of going to family and friends for “cradle equity” has been thoroughly
“worked,” and when incurring personal debt from a bank for a loan
is no longer a viable option, then raising private capital can be one of the
toughest challenges for many entrepreneurs.
Another of ICI’s key missions is to promote public understand-
ing of funds and their investors. To that end, we stepped up
our outreach to the media and the public. Two key develop-
ments were the launch of ICI Viewpoints, a forum providing our
commentary on key issues as they emerge, and our increased
proﬁle in the broadcast media. Through these and other
means, we have achieved some success in informing coverage
and shaping opinions on key policy questions.
This new level of eort across so many fronts produced tan-
When considering demand side factors, we find that wealthier countries, measured by GDP per
capita, and countries with a more educated population have a larger mutual fund sector. These effects are
particularly pronounced for the equity sector, which may require a higher level of investor sophistication.
Internet penetration is also positively related to the size of the mutual fund sector, but it is highly
correlated with the other demand size variables.
We find that portfolios in which funds are weighted by their money inf lows
outperform portfolios in which funds are weighted by TNA: New money beats
oldmoney.We also find that high net f low funds outperformlow net f low funds.
Thus, within the universe of actively managed funds, new investors tend to
choose the better ones: Money is smart. This result holds for both individual
and institutional investors, and is driven by investors’ fund buys rather than
sells. The smart money effect is not explained by the Chen et al.
The use of alternative fuels to displace coal reduces reliance on fossil fuels, reduces
emissions of carbon dioxide (CO2) and other pollutants, and contributes to long-term cost
savings for cement plants. Further, due to their high burning temperatures, cement kilns
are well-suited for accepting and efficiently utilizing a wide range of wastes that can
present a disposal challenge.
This report begins with an overview of the types of alternative fuels used in cement kilns,
focusing on energy and environmental considerations.
Sustainability is increasingly being viewed as a non-negotiable added extra that comes at a
price, although it can offer financial rewards, particularly over the longer term. These
rewards are measured in micro (energy efficiency, recycling etc.) and macro terms
(greenhouse gas reducing, less resource depleting etc.), and are nearly always
environmentally-based. The social aspects of sustainabilty (productivity, well-being etc.)
must also be seriously considered. However, financial rewards from investment in this area
are less understood.