Ch1.0.pptx - What is an Investment An investment is the commitment of current money or other resources in the expectation of reaping future benefits 1

Ch1.0.pptx - What is an Investment An investment is the...

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An investment is the commitment of current money or other resources in the expectation of reaping future benefits . 1 What is an Investment?
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If you have 10000 or more to invest, how should you invest? 2 Where to Invest?
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Overview of the course Equity Analysis Portfolio Theory Debt Securities Option Derivative s Why study investments? Be a smart investor! 3
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Chapter 1 The Investment Environment 4
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Types of investments: Real assets Financial assets Equity Debt Derivatives Process of investments: Asset allocation vs. security selection Top-down vs. bottom-up strategies Risk-return trade-of Environment of investments: Overview of security markets and players 5 Outline of Chapter 1 Invest ments
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Real Assets Used to produce goods and services Examples: Property, plant & equipment, human capital, etc. Financial Assets Claims on real assets or claims on asset income Examples: stocks, bonds, and derivatives 6 1.1 Two Types of Assets
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7 Share prices of Apple Inc. (AAPL)
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