Enhanced Convertibles: Investment Secrets of a Top-performing Money Manager

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New York Institute of Finance, 1995 - Business & Economics - 206 pages
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By utilizing a sophisticated trading technique that combines two investment strategies, investors can safely profit from a little-known investment vehicle that is substantially lower in risk than common stocks, yet provides equal or better return.
This practical guide shows you how it's done. Enhanced Convertibles provides in-depth coverage of convertible and covered call writing, and includes insights into why common stocks rise and fall and many other factors the most successful investors - even those who limit their holdings to mutual funds - will want to take into account. Here you will find the author's proven investment techniques that can further enhance returns and reduce risk. Packed with practical, easy-to-understand information, you'll discover how to tailor your investment portfolio to meet your personal needs and market outlook; simple models for forecasting price appreciation and total return; four ways to get an edge in the market; tested techniques for screening "losers" from your portfolio; why low-risk investing beats high-risk investing; five investment advantages you can gain with convertibles; why convertibles consistently outperform common stocks; and how to spot underpriced convertibles and overpriced options.
Plus, you'll find spreadsheet formulas for predicting stock price movement and the Black-Scholes formula for valuing options.
The first practical guide to a little-known and highly successful trading technique, Enhanced Convertibles will be a popular tool for money managers, investment analysts, and individual investors alike.

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About the author (1995)

Allan S. Lyons most recently served as president, portfolio manager of the Value Line Convertibles Fund.

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