Gain a full understanding of today's most important investment topics from the perspective of an individual financial planner with Mayo's INVESTMENTS: AN INTRODUCTION, 13E. This inviting approach introduces the process of investing and the many alternatives available for constructing a strong investment portfolio. You master the investing fundamentals needed for success on the CFP (R) exam while developing more advanced investing skills. You learn to manage your assets as an active portfolio manager or simply as an informed investor. This edition highlights how to make solid investment decisions with an overview of today's most pertinent investment opportunities and challenges. Updates highlight the latest changes in taxation and investment planning prompted by the 2018 Tax Cuts and Jobs Act (TCJA). An ongoing Financial Advisor's Investment Case and expanded coverage of stock valuation ratios, stock repurchases, and dividend payments emphasize how to apply what you've learned to daily decisions.
Part I1. An Introduction to Investments.2. Securities Markets.3. The Time Value of Money.4. Financial Planning, Taxation and the Efficiency of Financial Markets.5. Risk and Portfolio Management.Part II: INVESTMENT COMPANIES.6. Investment Companies: Mutual Funds.7. Closed-End Investment Companies, Real Estate Investment Trusts (REITs), and Exchange-Traded Funds (ETFs).8. Stock.9. The Valuation of Common Stock.10. Investment Returns and Aggregate Measures of Stock Markets.11. The Macroeconomic Environment for Investment Decisions.12. Behavioral Finance and Technical Analysis.13. The Bond Market.14. The Valuation of Fixed-Income Securities.15. Government Securities.16. Convertible Bonds and Convertible Preferred Stock.Part V: DERIVATIVES.17. An Introduction to Options.18. Option Valuation and Strategies.19. Commodity and Financial Futures.Part VI: AN OVERVIEW.20. Financial Planning and Investing in an Efficient Market Context.