How the Stock Market Works: A Beginner's Guide to Investment
Praise and reviews: 'Almost everyone has a stake in the stock market, directly or indirectly, yet ignorance about how it works is widespread. This book is not just for investors, but for anyone who wishes to understand our financial system, and how we all fit into it' - Neil Collins, "Daily Telegraph", City Editor. 'This book cuts through the institutions' mystique with basic information for the amateur...covers all the important issues and takes a sceptical swipe at the pretentious jargon employed by the so-called experts' - "Industry". At times of fluctuating share prices and changes in trading, an investor needs to know enough about the stock market to ask the right questions, make the right choices, and not to be taken in by sharp salesmen. Here is the grounding to strip away the hype and unlock the jargon. This fully revised new edition will tell investors what is being traded and how, who does what with which and to whom, and how to evaluate both the shares and the proponents' claims. In his acclaimed lucid style, Michael Becket cuts through the investment hype to answer such questions as: What are shares? What are gilts? What are futures and options? What about overseas shares? How do you pick a share to buy? Whose advice can you trust? When do you sell a share? There is money to be made and it does not require genius to make a fortune, but you do need care, common sense, lots of luck and the expert advice of how the stock market works.
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What are shares?
Are there other types of paper?
Loan stock and debentures
What are gilts?
What are derivatives?
Building a portfolio
Sources of information
What do you look for in company accounts?
Using the accounts
What about overseas shares?
How do shares compare with investmentunit trusts?
Openended investment companies OEICs
Exchange traded funds
What is the point of owning shares?
How much money does it take?
What does it cost to deal in shares?
Where and how can you buy shares?
How do you find out the cost of a share?
Why at that price?
What do the newspaper financial pages mean?
Prices pages during the week
How do you pick a share to buy?
Other information from the company
Do the various ratios and formulae help?
Whose advice can you trust?
Can you recognize highrisk shares?
When do you buy shares?
What is a stock market?
The Alternative Investment Market
Do shareholders have any rights or duties?
Codes of conduct
What are rights and scrip issues?
What do you do at takeovers?
What if the company goes bust?
When do you sell a share?
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