Details

Fisher Investments on Financials

Fisher Investments Press, Band 19 1. Aufl.

von: Fisher Investments, Jarred Kriz
40,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	15.08.2012
ISBN/EAN:	9781118234013
Sprache:	englisch
Anzahl Seiten:	224

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Beschreibungen

Titelbeschreibung

The easy-to-use resource for anyone looking to learn more about the financial sector and how to make the most of it The Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals with the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide is specifically on Financials, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. Following a top-down approach to investing, Fisher Investments on Financials can help you make more informed decisions within the Financials sector. It skillfully addresses how to determine optimal times to invest in Financials stocks and which Financials industries have the potential to perform well in various environments. The book is divided into three comprehensive parts—Getting Started, Financials Details, and Thinking Like a Portfolio Manager. <ul> <li>Explains some of the sector's key macro drivers—like regulation, interest rates, and credit trends</li> <li>Shows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector</li> <li>Takes you through the major components of the industries within the global Financials sector and reveals how they operate</li> <li>Offers investment strategies to help you determine when and how to overweight specific industries within the sector</li> <li>Outlines a five-step process to help differentiate firms in this field—designed to help you identify those with the greatest probability of outperforming</li> </ul> Filled with in-depth insights, Fisher Investments on Financials provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Financials sector and discover strategies to help achieve your investing goals.

Inhaltsverzeichnis

Foreword ix Preface xi Acknowledgments xv Part I Introduction 1 Chapter 1 Financials Basics 3 Financials 101 4 Financials Sector Breakdown 23 Part II Industry Group Details 31 Chapter 2 Banks 33 Banks 101 34 Types of Banks 45 Banks Industry Group Characteristics 48 Bank Regulation 53 Chapter 3 Diversified Financials 63 Capital Markets 64 Consumer Finance 76 Diversified Financial Services 80 Chapter 4 Insurance Industry Group 83 Characteristics of Insurers 84 How Do Insurance Companies Make Money? 89 How Do Insurance Companies Act? 94 Regulation 98 Chapter 5 Real Estate Industry Group 103 What Is a REIT? 105 REIT Characteristics 108 A Representative Example: Annaly Capital Management 112 Equity REIT Sub-Industries 115 Unique Measurements for REITs 118 Part III Thinking Like a Portfolio Manager 121 Chapter 6 The Top-Down Method 123 Investing Is a Science 123 The Top-Down Method 126 Top-Down Deconstructed 131 Managing Against a Financials Benchmark 139 Chapter 7 Security Analysis 143 Make Your Selection 144 A Five-Step Process 145 Financials Analysis 153 Chapter 8 Financials Investing Strategies 159 Adding Value at the Sector Level 160 Adding Value at the Country or Industry Level 161 Adding Value at the Security Level 162 Appendix A: Reference Material 165 Appendix B: Derivatives 171 Appendix C: Risk-Adjusted Balance Sheet 175 Notes 179 About the Author 185 Index 187

Autorenportrait

JARRED J. KRIZ has been in the financial ser-vices industry since 1997, with experience in the banking, investment banking, brokerage, and asset management fields. He regularly presents to audiences at investing workshops across the country and currently works as a Senior Capital Markets Research Analyst at Fisher Investments with a focus on the Financials sector and macroeconomic strategy.

Back cover copy

The Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals with the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide is specifically on Financials, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. Following a top-down approach to investing, Fisher Investments on Financials can help you make more informed decisions within the Financials sector. It skillfully addresses how to determine optimal times to invest in stocks and which industries have the potential to perform well in various environments. Divided into three comprehensive parts—Getting Started, Financials Details, and Thinking Like a Portfolio Manager—Fisher Investments on Financials: <ul> <li>Explains some of the sector's key macro drivers—like regulation, interest rates, and credit trends</li> <li>Shows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector</li> <li>Takes you through the major components of the industries within the global Financials sector and reveals how they operate</li> <li>Offers investment strategies to help you determine when and how to overweight specific industries within the sector</li> <li>Outlines a five-step process to help differentiate firms in this field—designed to help you identify those with the greatest probability of outperforming</li> </ul> Filled with in-depth insights, Fisher Investments on Financials provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective on the Financials sector and discover strategies to help achieve your investing goals.