The proven, all-weather investing strategy that delivers long-term, consistent returns The most common investing approach today-one that values "growth" over all else- can be ineffective and counterproductive for many investors, not to mention needlessly stressful. Now, one of Seeking Alpha's most popular writers, Steven Bavaria, provides a groundbreaking alternative that will see you through all markets-up, down, and sideways. The Income Factory shows how to build an income stream that increases solidly and consistently-a result of re-investing and compounding the dividends. And the best part? This income stream actually grows faster during market downturns than during flat or rising market periods. The Income Factory sheds light on: * Why "high-yield" doesn't have to mean "high-risk" * How credit investments perform more predictably than equity investments * Why "junk" is a misnomer-and why high-yield debt is safer than most of the stocks investors own * How to grow your wealth steadily without following the markets obsessively Through Bavaria's strategy, cash income increases year after year at a predictable rate. For example, a 9% yielding portfolio doubles and re-doubles every 8 years. If you're in for the long haul, an Income Factory lets you achieve your goals and still sleep well at night. Investing does not have to be about picking specific horses and hoping they win the race. An Income Factory achieves its goals by essentially betting on horses to make it around the track and finish the race. Those are easier bets to win, and they don't require us to be glued to the financial news 24/7.

Erik Banks, responsible for global risk management at Merrill Lynch in Hong Kong, has written another text on the derivatives field covering innovation in these instruments in Asia Pacific. The text acts as a detailed reference on the nature of these markets and the prospects for the Asian derivative markets, both listed and OTC. He also includes an analysis of the Australian, New Zealand and Japanese markets to fit the emerging markets into context.

The successful first edition provided an introduction to the valuation and risk management of modern financial instruments, formulated in a precise mathematical expression and comprehensively covering all relevant topics using consistent and exact notation. In this edition, Deutsch continues with this philosophy covering new and more advanced topics including risk adjusted performance and portfolio optimization. This edition also includes a CD-ROM in the form of Excel workbooks giving detailed models of the concepts discussed in the book.

Until now, most socially responsible and impact investments have centred on developed markets, with growth potential and investment opportunities in the frontier economies of countries such as Cambodia, Laos, Myanmar, and Vietnam being mostly overlooked. While some individuals and organizations have begun to develop responsible investment opportunities with these countries in mind, large new sources of capital for development could still emerge. This book explores the greater potential for global investment in Southeast Asia, and the ways in which socially responsible investment styles can be used in their developing economies. It demonstrates how the benefits of investment could create a robust platform for separate stakeholders, including governments, non-governmental organizations, development banks, the financial sector, and small and medium sized enterprises. The author explores how shaping collaborative sustainable investment policies could speed up inclusive development, address the needs of those at the bottom of the pyramid, and ensure sustainable future growth.

Stock Investing for Everyone

This book is written for a broad category of investors–ranging from the inexperienced part-timer interested in learning more about analyzing stocks and taking advantage of market trends to the seasoned pro, aiming to hone his or her skills and learn more about the latest investment strategies, tools, and techniques.

Written by an exceptionally well qualified author team–one of whom, Vaqar Zuberi, was ranked among the top 5% of proprietary traders for seven years running–Stock Investing for Everyone covers all the bases, from market fundamentals to advanced electronic stock screening and ranking tools. Without abstruse theory or complex mathematics, it supplies clear, step-by-step instructions on how to:

• Research stocks using the Internet, newsletters, company reports, and other major resources
• Use sophisticated stock valuation tools and techniques
• Conduct fundamental and technical analysis
• Analyze key fundamental and momentum indicators such as EPS, trading volume, moving averages, and others
• Recognize and exploit market trends
• Screen and rank stocks using both traditional and the latest electronic tools
• Interpret stock behavior and effectively handle both weakening and red-hot stocks
• Use the investment strategies and techniques of stock market professionals
• Employ sophisticated risk and portfolio management techniques
• Screen stocks using the original, highly effective "Express" method

Stock Investing for Everyone arms you with the knowledge and skills you need to minimize risk and maximize the returns on your stock investments.

Praise for Stock Investing for Everyone

"A valuable source of investment strategies and general investing information for all levels of investors. I work in the financial industry, providing investment research data to individual and institutional investors,and I still learned a great deal from this book. Any investor can use the tools provided here to help make profitable investment decisions. I strongly recommend this book to anyone who is beginning to enter the market or to experienced investors seeking to broaden their knowledge base."
–Brett A. Bernstein, Vice President, Zacks Investment Research, Inc.

"What makes this book terrific is that it provides a very thorough and up-to-date treatment of stock analysis, particularly as to stock valuation, that individual investors can easily understand."–Chuck Hill, Director of Research, First Call Corporation

"The authors provide a thorough and comprehensive guide to the do’s and don’ts of stock investing." – Jim Solloway, former Director of Research, Argus Research Corp.

"A comprehensive, nuts-and-bolts book that can meet the needs of novice, experienced, and professional stock market investors. Unlike most books on investing, this book focuses solely on the stock market and, consequently, fills a void in that area." – Isidro A. Diaz-Tous, President, Encor-America, Inc.

All over the world a growing number of people are viewing trading the markets as a valuable source of additional income or even as a new career option. Sitting in front of a PC, they are able to connect to their broker's trading platform and buy or sell on the world market assets of all kinds: gold, oil, shares, bonds, and so forth. Today, it is no longer a problem to "be short" on almost any class of asset. This book is an ideal guide on how to make money by fast trading. It will be especially valuable for those wishing to trade in their spare time with a limited amount of capital. Different styles of trading, including scalping, day trading, and swing trading, are clearly described, with advice on how to avoid common mistakes. In addition, the "Donkey" trading system - a system designed for everybody - is fully explained. Using this book, the reader will learn how to manage risk safely, maximizing the likelihood of success.

Deterrence of market manipulation is central to the entire regulatory and legal framework governing the operation of American commodity futures markets. However, despite all of the regulatory, scholarly, and legal scrutiny of market manipulation, the subject is widely misunderstood. Federal commodity and securities laws prohibit manipulation, but do not define it. Scholarly research has failed to analyze adequately the causes or effects of manipulation, and the relevant judicial decisions are confused, confusing, and contradictory. The aim of this book is to illuminate the process of market manipulation by presenting a rigorous economic analysis of this phenomenon, including the conditions that facilitate it and its effects on market users and others. The conclusions of this analysis are used to examine critically some legal and regulatory anti-manipulation policies. The Economics, Law and Public Policy of Market Power Manipulation concludes with a set of robust and realistic tests that regulators and jurists can apply to detect and deter manipulation.

Portfolio construction is fundamental to the investment management process. In the 1950s, Harry Markowitz demonstrated the benefits of efficient diversification by formulating a mathematical program for generating the "efficient frontier" to summarize optimal trade-offs between expected return and risk. The Markowitz framework continues to be used as a basis for both practical portfolio construction and emerging research in financial economics. Such concepts as the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT), for example, provide the foundation for setting benchmarks, for predicting returns and risk, and for performance measurement. This volume showcases original essays by some of todaya (TM)s most prominent academics and practitioners in the field (including Nobel Prize winner, Paul Samuelson) on the contemporary application of Markowitz techniques. Covering a wide spectrum of topics, including portfolio selection, data mining tests, and multi-factor risk models, the book presents a comprehensive approach to portfolio construction tools, models, frameworks, and analyses, with both practical and theoretical implications.

Trend Following Mindset brings to life the timeless conversations between Tom Basso and Michael Covel originally featured on Michael's renowned Trend Following podcast. In these profound and enlightening exchanges, Tom shares with Michael his deep wisdom on trading, business, life, and the how and why of his mindset. Tom Basso, dubbed Mr. Serenity by Jack Schwager, is one of the most experienced and knowledgeable trend-following traders in the world today-a trading legend who lives life to the fullest. Tom's most important trend following research papers are presented together for the first time, delivering a treasure trove of trading insights. Michael also pulls from Tom his perspective on: How to get started in trading; What trend following is, and how and why it works so well; Constructing your trading system; Position sizing and account management; The work-life balance of a trader; The transition from independent trader to professional money manager; and so much more. Trend Following Mindset will teach you the mindset of one of the great trend followers. Most important of all, it will show you how to do as Tom does ... and enjoy the ride.

China is now among the top hosts for foreign direct investment (FDI) inflows in the world. This fact, combined with recent developments in internationalisation and economic growth in China, ensures a perfect opportunity to identify the determinants and impact of FDI in the largest transition economy in the world. Based on the latest official data, this book adopts a panel data approach to the analysis of the national and regional determinants of inward FDI in China and its impact on regional economic growth, labour productivity and international trade. The Chinese evidence shows that FDI, international trade and economic-growth are interrelated. This book will be welcomed by scholars of emerging economies, international business - especially those interested in FDI - and international trade as well as those specialising in the Chinese economy.

Realize your real estate dreams with this revised and updated guide from a bestselling author—and discover the creative financing strategies that savvy investors are using to do more deals, more often.

No matter how much money you have in your checking account, there is always real estate you can’t afford. But the contents of your wallet don’t have to define your future! This book will show you how to leverage other people’s money and capital to get amazing returns on your initial investment.

Active real estate investor and longtime co-host of The BiggerPockets Podcast, Brandon Turner, will show you the multiple financing methods that professional investors use to tap into current real estate markets. You’ll not only be able to navigate the world of creative real estate finance, but you’ll also get more mileage out of any real estate investment strategy.

Financing deals just got easier―learn how to be a smart investor by using creativity, not cash!

Inside, you’ll discover:

• The truth about no-money-down investing―Learn the mindset that successful investors use.
• How to get started investing in real estate―Learn the best strategies for getting your feet wet without paying thousands!
• Numerous strategies to mix and match―Creative investing requires a creative mind.
• How to attract private money, lenders, and partners―Become a magnet for millionaires’ investments.
• The ugly side of creative investing―Learn how to spot and overcome the downsides of the strategies mentioned in this book
• Strategies for wholesaling, flipping, rentals, and more―Find success no matter what niche you plan to use to build your real estate empire.

There is unrelenting pressure, particularly on taxation authorities in developing and transition countries, to design tax incentives to attract foreign investment. Although experience shows that justification for the use of such incentives can be found only in limited circumstances, policy makers everywhere continue to confer tax benefits on investors in the hopes of achieving various economic objectives. In this widely-researched volume, a leading consultant and academic in the field of international taxation surveys the major forms of FDI tax incentives in theory and in practice. Although it is not intended as a design guide for national taxation authorities, the books scope and depth make it an indispensable source of comparative analysis, showing where efficiency and cost-effectiveness are most likely to lie in a wide range of economic situations. It is particularly valuable in its discussion of the following issues: Avoiding the race to the bottom that comes from excessive tax competition;The elusive distinction in many countries between standard and special tax rates;The perceived benefits of FDI for the various stakeholders;Locational determinants;Risk factors;Distortionary effects;Sectoral competition; andAdministrative monitoring of compliance. Professor Easson draws on numerous actual patterns that arise in various national, supranational, and sectoral contexts, in each instance shedding light on real conflicts and constraints, and clarifying the choices required of investors, taxation authorities, and target enterprises. Tax Incentives for Direct Investment will clearly be of great use to government policymakers, students of international taxation and international business, and those who determine and advise on the policies of multinational corporations and other international investors.

Are you young and feeling left behind financially? It doesn’t have to be this way. The UK’s leading millennial money expert, Iona Bain, is on a mission to help young people own their futures, once and for all. Low wages, high house prices, zero reward for saving and the catastrophic fallout from Covid-19... young people have had a rough ride. But we have a choice. We can sleepwalk into a poorer future – or we can transform our prospects by embracing the power of investing. Iona is here to demystify savings, pensions and investing for a new generation. Whether it's robo-advisers or auto-enrolment, green investing or forex on Instagram, Iona will break down what it all means so YOU can take charge of your long-term finances. In this fun, wise and incredibly helpful book, Iona explains why investing matters. She also shows you how to get your basic finances right, save for your first home and make your pension socially responsible. You'll find out all about the rewards and risks of online investing, from sexy stockpicking apps to digital wealth managers, and learn how to manage your long-term finances so you can avoid major mistakes and achieve your goals. Investing often gets a bad rep thanks to the Wolf of Wall Street, social media scams and high-rolling money men. In fact, investing has never been more accessible, more interesting – and more important. It’s the single biggest thing that we can do to change our lives, and society, for the better. So what are you waiting for? Let’s start owning it!

The chief investment officers (CIOs) at endowments, foundations, family offices, pension funds, and sovereign wealth funds are the leaders in the world of finance. They marshal trillions of dollars on behalf of their institutions and influence how capital flows throughout the world. But these elite investors live outside of the public eye. Across the entire investment industry, few participants understand how these holders of the keys to the kingdom allocate their time and their capital. What's more, there is no formal training for how to do their work. So how do these influential leaders practice their craft? What skills do they require? What frameworks do they employ? How do they make investment decisions on everything from hiring managers to portfolio construction? For the first time, Capital Allocators lifts the lid on this opaque corner of the investment landscape. Drawing on interviews from the first 150 episodes of the Capital Allocators podcast, Ted Seides presents the best of the knowledge, practical insights, and advice of the world's top professional investors. These insights include: The best practices for interviewing, decision-making, negotiations, leadership, and management. Investment frameworks across governance, strategy, process, data analysis, and uncertainty. The wisest and most impactful quotes from guests on the Capital Allocators podcast. Learn from the likes of the CIOs at the endowments of Princeton and Notre Dame, family offices of Michael Bloomberg and George Soros, pension funds from the State of Florida, CalSTRS, and Canadian CDPQ, sovereign wealth funds of New Zealand and Australia, and many more. Capital Allocators is the essential new reference manual for current and aspiring CIOs, the money managers that work with them, and everyone allocating a pool of capital.

This text provides a comprehensive introduction to the practice of Islamic banking and finance, an increasingly important area in the field of Finance. The authors cover current issues and concepts pertinent to Islamic finance, from the Islamic worldview and economics, to Shariah compliance, Islamic contracts and insurance.

Praise for The Mathematics of Derivatives

"The Mathematics of Derivatives provides a concise pedagogical discussion of both fundamental and very recent developments in mathematical finance, and is particularly well suited for readers with a science or engineering background. It is written from the point of view of a physicist focused on providing an understanding of the methodology and the assumptions behind derivative pricing. Navin has a unique and elegant viewpoint, and will help mathematically sophisticated readers rapidly get up to speed in the latest Wall Street financial innovations."
--David Montano, Managing Director JPMorgan Securities

"A stylish and practical introduction to the key concepts in financial mathematics, this book tackles key fundamentals in the subject in an intuitive and refreshing manner whilst also providing detailed analytical and numerical schema for solving interesting derivatives pricing problems. If Richard Feynman wrote an introduction to financial mathematics, it might look similar. The problem and solution sets are first rate."
--Barry Ryan, Partner Bhramavira Capital Partners, London

"This is a great book for anyone beginning (or contemplating), a career in financial research or analytic programming. Navin dissects a huge, complex topic into a series of discrete, concise, accessible lectures that combine the required mathematical theory with relevant applications to real-world markets. I wish this book was around when I started in finance. It would have saved me a lot of time and aggravation."
--Larry Magargal

What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital. These challenges are examined in this book, providing a significant reinterpretation of contemporary capitalism that will be of interest to both social scientists and conventional finance scholars.

Leverage Python for expert-level volatility and variance derivative trading Listed Volatility and Variance Derivatives is a comprehensive treatment of all aspects of these increasingly popular derivatives products, and has the distinction of being both the first to cover European volatility and variance products provided by Eurex and the first to offer Python code for implementing comprehensive quantitative analyses of these financial products. For those who want to get started right away, the book is accompanied by a dedicated Web page and a Github repository that includes all the code from the book for easy replication and use, as well as a hosted version of all the code for immediate execution. Python is fast making inroads into financial modelling and derivatives analytics, and recent developments allow Python to be as fast as pure C++ or C while consisting generally of only 10% of the code lines associated with the compiled languages. This complete guide offers rare insight into the use of Python to undertake complex quantitative analyses of listed volatility and variance derivatives. * Learn how to use Python for data and financial analysis, and reproduce stylised facts on volatility and variance markets * Gain an understanding of the fundamental techniques of modelling volatility and variance and the model-free replication of variance * Familiarise yourself with micro structure elements of the markets for listed volatility and variance derivatives * Reproduce all results and graphics with IPython/Jupyter Notebooks and Python codes that accompany the book Listed Volatility and Variance Derivatives is the complete guide to Python-based quantitative analysis of these Eurex derivatives products.

Updated and revised, this second edition applies advanced financial analytics within a strategic framework that recognizes an environment where sustainable competitive advantage is a progressively more difficult task. Real options offer the link to value and the strategic opportunities that lie in an increasingly dynamic landscape.

Asset management standards are crucial for building trust between investors and capital market experts. The issue of corporate governance has been thrown into the spotlight by the disastrous collapse of Enron and the implications for the industry. The proposed standards are relevant for the entire fund industry, regulators, providers of pension plans, and portfolio managers. Produced in association with the European Federation of Financial Analysts Societies, this book aims to provide a well-founded basis for development of the content of asset management standards in the UK, the US, and the EU. It contains a detailed overview of the current position, outlines planned developments and discusses underlying problems.

Shortlisted for the Financial Times & McKinsey Business Book of the Year Award An Economist Book of the Year The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones. We rarely stop to consider where they have come from. But we should. The World for Sale lifts the lid on one of the least scrutinized corners of the world economy: the billionaire commodity traders who buy, hoard, and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets, enabling an enormous expansion in international trade and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centers. The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.

First published in 1990, International Bond Markets analyses how the markets in public-sector debt have developed and how they operate in a number of countries, including those with chronic budget deficits. Alongside a detailed introduction to government borrowing, chapters consider the bond markets and debt management systems of the U.S.A., Japan, France, Italy and the U.K. With governments around the world struggling to manage their huge deficits, this is a particularly relevant title to students observing the current global economic situation, and those with a general interest in public debt management and bond markets.

"The Financial Times Handbook of Financial Engineering "clearly explains the tools of financial engineering, showing you the formulas behind the tools, illustrating how they are applied, priced and hedged.

All applications in this book are illustrated with fully-worked practical examples, and recommended tactics and techniques are tested using recent data.