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Product Description
The Financial Times Guide to Investingis the definitive introduction to the art of successful stock market investing. Beginning with the very basics of why companies need investors and explaining what investors do, Glen Arnold takes you through the practicalities of buying and selling shares. He describes different types of investment vehicles and advises you how you can be successful at picking companies, understanding their accounts, managing a sophisticated portfolio, measuring performance and risk and setting up an investment club.
The second edition of this bestselling introduction to investing explains how the financial markets operate, shows you what you need to know to be successful and encourages you to follow and act on your own judgements. Thoroughly updated to help you invest with skill and confidence, new sections include:
- Online investing, website information and tools including screenshots and virtual portfolios as well as computerised counterparty trading
- Detailed updating of tax rates and legislation, increases in ISA allowances and revisions to capital gains tax
- A jargon-busting glossary to help you understand words, phrases and investing concepts
- Recent Financial Times articles and tables which illustrate and expand on case studies and examples
- Up-to-date statistics on the returns you can expect on shares and bonds
Investing can be profitable and fun and The Financial Times Guide to Investing 2nd edition, explains step-by-step both the essentials of investing as well as describing how the financial markets really work. It details the practicalities of investing, such as how to go about buying shares and describes the variety of financial securities you can buy, from bonds and unit trusts through to exchange traded funds.
Exploding the myths that only the wealthy can afford to buy and sell shares and showing you why you can be just as successful trading on your own as you would be by employing a fund manager, this authoritative guide book will help you build a profitable personal financial portfolio.
- What is investment
- The rewards of investment
- Understanding stock markets
- Using the financial media
- Buying and selling shares
- Pooled investments
- Investing in bonds
- Futures and options
- Financial spreadbetting
- Analysing companies and industries
- Mastering company reports and accounts
- Key investment ratios and measures
- Ticks of the accounting trade
- Managing your portfolio
- Mergers and takeovers
- Taxation and investors
- Measuring performance
- Investor protection
- Investment clubs
From the Back Cover
'The most damaging half truth for savers is “performance matters more than expenses”. Read this book carefully and the financial services industry will have one fewer easy victim, but you will have a sound base for a lifetime of successful investment.'
Martin White, Chair of UK Shareholders Association
This is one of those great big books to buy and then tuck away for constant reference. It's a tour through everything from managing a portfolio to establishing a fair intrinsic value for a share. If it moves in the world of investing, its probably here.'
David Stevenson, 'Adventurous Investor' in the Finanical Times
‘Informative and easy to read, Glen Arnold has produced arguably the most comprehensive book there is today on stock market investing and one that unquestionably will give an edge to any retail investor. This is a must read for anyone serious about investing.'
Simon Thompson, Companies Editor, Investors Chronicle
The Financial Times Guide to Investing is the definitive introduction to the art of successful stock market investing. Beginning with the very basics of why companies need investors and explaining what investors do, Glen Arnold takes you through the practicalities of buying and selling shares. He describes different types of investment vehicles and advises you on how you can be successful at picking companies, understanding their accounts, managing a sophisticated portfolio, measuring performance and risk and setting up an investment club.
The second edition of this bestselling introduction to investing explains how the financial markets operate, shows you what you need to know to be successful and encourages you to follow and act on your own judgements. Thoroughly updated to help you invest with skill and confidence, new sections include:
- Online investing, website information and tools including screenshots and virtual portfolios as well as computerised counterparty trading
- Detailed updating of tax rates and legislation, increases in ISA allowances and revisions to capital gains tax
- A jargon-busting glossary to help you understand words, phrases and investing concepts
- Recent Financial Times articles and tables which illustrate and expand on case studies and examples
- Up-to-date statistics on the returns you can expect on shares and bonds
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Customer Reviews
This is in no way a "get rich quick" book and actually helps to guide one away from such risky attitudes. Nor does it provide advice on savings accounts or the specific market or company that is best for you. It is an education on the world of finance: the markets, players, companies and instruments involved in the flows of capital which maintain the business world, and much of the economy, around us. It shows how most people (you don't have to be at all wealthy or super-brainy) can get involved in this system and, with a bit of patience and common sense, can significantly benefit from it. Armed with the basics and knowing who to deal with and, equally important, who to ignore, anyone should be able to improve their investment returns having read this.
The different kinds of investment are concisely explained and the limitations of some of the more hyped areas become obvious. Some of the mystery of futures trading is resolved, and one can follow-up pointers if interested in any particular area. The terminology used by companies in their financial reports and by the professionals who analyse them starts to become clear and all this jargon is explained again in the invaluable glossary at the back of the book, a place I kept referring to.
What emerges is the way money from savers and investors is used by Banks, Insurance companies and Pension funds to provide funds for new companies, established companies and companies wanting to expand and, as the author points out, how this wealth-creation is not just a good thing for individuals, but for society as a whole. I've already started to notice mistakes in the media, for example a recent TV drama's misunderstanding of the way hedge funds work and one sometimes gets the impression that there is only a dog-eat-dog mentality and little control over what happens in the markets. Undoubtedly there are problems and excesses but, getting closer to the subject and learning how it actually operates, can help to remove the prejudices and misunderstandings some people have about finance and about capitalism.
One fact alone has made this purchase a good one. I realised, when reading the section on pooled investments, that I had lost money on "With-profits policies" thanks to persuasive financial advisers and their commissions from insurance companies. That little piece of education has saved me hundreds of pounds in the future and makes this book a high-return investment in itself.
Both recommend a Warren Buffett-esque long term investment strategy, but the FT book is clearer and more succinct.
The information in the FT book is focused around the common sense idea that informed investment decisions can only be made through an understanding of business, economic and accounting principles. It also explains some of the technical processes behind different investment vehicles. In a nutshell it attempts to answer three questions:
1) What should I know before making an investment decision?
2) How do I execute an investment decision?
3) How can I make better decisions in the future?
Further reading is suggested at the end of every chapter/topic.
This FT book is merely an introduction to the world of investing, but it will get you started in the right direction.
You may prefer the Motley Fool book if you want a more "mind off" approach to investing. There is much less background information and the book will often tell you what to do. Avenues for further investigation are directed at its website where they will sell you a variety of articles and publications that also tell you what to do (and promise higher returns).
Over time, I have found myself returning to the FT book again and again, whilst the Motley Fool has sat gathering dust on my bookshelf.
Easy to understand, the author assumes little or no understanding of financial jargon and gradually introduces these using a examples which make... Read more
It clearly lays out investment terminology and provides an interesting explanation of these. Read more
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