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Lecture 2 Sep 7 2011

Lecture 2 Sep 7 2011 - FINA3104 Lecture2 TradingSecurities...

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FINA 3104: Investment Analysis and Portfolio Management Lecture 2 – Trading Securities Darwin Choi September 7, 2011 Recap from Last Lecture Review of the Syllabus Course Overview Two main components of investments: The current–future tradeoff Uncertain environment 2
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Outline of Today’s Lecture Securities Indexes How Securities Are Traded Buying on Margin Short Selling 3 Classification Tree of Assets 4 Financial Assets Marketable (Tradable) Derivative Securities Depend on the Value of Other Assets Primitive Securities Claims on Real Assets Debt Bills, Notes, Bonds Equity Stocks Futures Options Non-Marketable Debt Loans, Mortgages, Insurance Policies Equity Net Worth (Personal Wealth Net of Debt) Securitized Claims Package Non-Marketable Securities into Marketable Portfolios
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