Principles of Finance_Biederman_Date_041910

Principles of Finance_Biederman_Date_041910 - 3rd and 4th...

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3 rd and 4 th markets slide 3 rd market: stocks trading elsewhere than they are listed 4 th market: (because want to be) able to trade at other than scheduled times (9-4) - Restricted, - Can play market through your broker - Dangers: Thin market, so not much, if any, liquidity/market depth - The number can change overtime and can lose money in a matter of minutes, 5:30 meeting tells a lot more information Handout: The markets close, wake up Foreign markets - Emerging market: “new kids on the block” in terms of equity markets. trading stock - 20-25% (not til mid 30s) - Best ways to do it, exchange trade fund or mutual funds o Trade in U.S. $ and can buy price of stock for small price o American depository receipts—issued by U.S. bank that has bought up foreign stock and converted it to U.S. dollars ADR (only trade with large well-known international companies), ETf, MF—car trade in foreign markets DJIA,NASDAQ and S&P Chart - Average person thinks DJIA when asked how U.S. did today - More correct answer (broader market) S&P500
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Principles of Finance_Biederman_Date_041910 - 3rd and 4th...

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