4504c1 - Understanding Investments Chapter 1 Jones...

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Understanding Investments Chapter 1 Jones, Investments: Analysis and Management Why study Investments To understand the investments field as currently practiced To help you make investment decisions that will enhance your economic welfare To create realistic expectations about the outcome of investment decisions Investments Defined Investments is the study of the process of committing funds to one or more assets that will be held over some future time period. Concerned with the management of an investor’s wealth (sum of current income and the present value of all future income) Emphasis on holding financial assets and marketable securities Financial assets—paper claims on some issuer Marketable securities—financial assets that are easily and cheaply tradable in organized markets Non-marketable securities—represent personal transactions between the owner and issuer (savings accounts, nonnegotiable CDs MMDA,US government savings bonds)
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