| Description |
1 online resource (1 volume) : illustrations |
| Series |
Fisher Investments on series |
|
Fisher Investments on series.
|
| Contents |
Foreword -- Using Your Financials Guide -- Part I. : Introduction -- 1. : Financials Basics -- Financials 101 -- The Largest Sector -- A More Volatile Sector -- More "Value" Than "Growth" -- Highly Leveraged -- Interest Rate Sensitivity -- Not Cyclical, Yet Not Defensive -- Heavily Regulated -- Reliant on Other People's Money (OPM) -- Financials Sector Breakdown -- Global Industry Classification Standards (GICS) -- Global Financials Benchmarks -- Fixed Income Benchmarks -- Sector Benchmarks -- Part II. : Industry Group Details -- 2. : Banks |
|
Banks 101What Is a Bank -- How Do Banks Make Money -- Financial Services Have Been Commoditized -- Types of Banks -- Banks Industry Group Characteristics -- Size: Banks Is Market-Like -- Style: Banks Are Value -- Banks Can Be Volatile -- Banks Are Sensitive to Certain Economic Conditions -- Bank Regulation -- The Basel Committee -- Liquidity -- Interbank Lending Rates -- 3. : Diversified Financials -- Capital Markets -- Asset Managers & Custody Banks -- Investment Banking & Brokerage -- Brokerage -- Diversified Capital Markets -- Consumer Finance -- Diversified Financial Services -- 4. : Insurance Industry Group |
|
Characteristics of InsurersThe Makeup of an Insurance Company -- How Do Insurance Companies Make Money -- Premiums -- Hard and Soft Markets -- Investment Income -- Fee Income -- Expenses -- How Do Insurance Companies Act -- Drivers -- Life and Health -- Property and Casualty -- Regulation -- Ratios -- US Regulation -- Solvency II (Europe) -- The International Association of Insurance Supervisors -- 5. : Real Estate Industry Group -- What Is a REIT -- Investable REITs -- Taxes -- Equity, Mortgage or Hybrid -- REIT Characteristics -- REITs Are Value -- REITs Are Small -- Dividends -- Supply and Demand -- Property Prices |
|
REITs Are Defensive-ishREITs Are Interest-Rate Sensitive -- REITs in Detail-Mortgage and Equity REITs -- Mortgage REITs -- A Representative Example: Annaly Capital Management -- If mREITs Act Like MBS, Then What Drives MBS' Total Return -- Equity REIT Sub-Industries -- Retail REITs -- Office REITs -- Residential REITs -- Industrial REITs -- Diversified REITs -- Specialized REITs -- Unique Measurements for REITs -- Funds From Operations (FFO) -- Net Asset Value (NAV) -- Net Operating Income (NOI) -- Cap Rates -- Part III. : Thinking Like a Portfolio Manager -- 6. : The Top-Down Method -- Investing Is a Science |
|
Einstein's Brain and the Stock MarketThe Top-Down Method -- Top-Down Means Thinking 70-20-10 -- Benchmarks -- Top-Down Deconstructed -- Step 1: Analyze Portfolio Drivers and Country and Sector Selection -- Step 2: Quantitative Factor Screening -- Step 3: Stock Selection -- Managing Against a Financials Benchmark -- 7. : Security Analysis -- Make Your Selection -- A Five-Step Process -- Step 1: Understand Business and Earnings Drivers -- Step 2: Identify Strategic Attributes -- Step 3: Analyze Fundamental and Stock Price Performance -- Step 4: Identify Risks -- Step 5: Analyze Valuations and Consensus Expectations |
| Summary |
"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. Explains some of the sector's key macro drivers--like regulation, interest rates, and credit trends 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 Takes you through the major components of the industries within the global Financials sector and reveals how they operate Offers investment strategies to help you determine when and how to overweight specific industries within the sector Outlines a five-step process to help differentiate firms in this field--designed to help you identify those with the greatest probability of outperforming 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"-- Provided by publisher |
|
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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Financial services industry.
|
|
Finance.
|
|
Investments.
|
|
Investments
|
|
finance.
|
|
BUSINESS & ECONOMICS / Finance.
|
|
Finance
|
|
Financial services industry
|
|
Investments
|
| Form |
Electronic book
|
| Author |
Kriz, Jarred J.
|
|
Fisher Investments.
|
| ISBN |
9781118234013 |
|
1118234014 |
|
