TAILIEUCHUNG - Lecture Investments (Special Indian Edition): Chapter 25 - Bodie, Kane, Marcus

This chapter has been largely rewritten to reflect the ongoing transformation of trading practices, the growing dominance of electronic trading, the accelerating consolidation of securities markets, and continuing regulatory reform, in particular the response to the Sarbanes-Oxley Act. | Chapter 26 The Process of Portfolio Management Objectives Constraints Policies Return Requirements Liquidity Asset Allocation Risk Tolerance Horizon Diversification Regulations Risk Positioning Taxes Tax Positioning Unique Needs Income Generation Determinants of Portfolio Policies Type of Investor Return Requirement Risk Tolerance Individual and Personal Trusts Life Cycle Life Cycle Mutual Funds Variable Variable Pension Funds Assumed actuarial rate Depends on payouts Endowment Funds Determined by income Generally needs and asset growth to conservative maintain real value Matrix of Objectives Type of Investor Return Requirement Risk Tolerance Life Insurance Spread over cost of Conservative funds and actuarial rates Nonlife Ins. Co. No minimum Conservative Banks Interest Spread Variable Matrix of Objectives (cont’d) Liquidity Ease (speed) with which an asset can be sold and created into cash Investment horizon - planned liquidation date of the investment Regulations Prudent man law Tax considerations Unique needs Constraints on Investment Policies Managing Portfolios of Individual Investors Overriding consideration is life cycle Needs for current income Appropriate level of risk Appropriate level and type of life insurance Taxes and tax planning Tax Sheltering for Individual Investors Tax-deferral option - controlling the timing of gains on investments. Tax-deferred retirement plans IRAs Keogh plans Deferred annuities Fixed Variable Pension Funds Basic types of plans Defined contribution plans Defined benefit plans Pension investment strategies Defined contribution versus defined benefit Contingent immunization Investing in equities Future Trends in Portfolio Management Increased use of inflation-indexed bonds. More direct management of funds by individuals. More companies offering structured financial products.

• Quỹ đầu tư
• Lecture Investments
• Portfolio theory
• Equilibrium in capital markets
• Investment environment
• Financial instruments
• The capital asset pricing model
• Accounting principles
• Lecture Accounting principles
• Financial reporting
• Classifying investments
• Accounting for trading investments
• Strategic investments
• International operations
• Noninfluential investments
• Motivation for investments
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Financial accounting
• Lecture Financial accounting
• Accounting system
• Interpreting investments
• Passive investments
• Equity securities
• Investments in stock
• Survey of accounting
• Lecture Survey of accounting
• Capital investments
• Planning for capital investments
• Reinvestment assumption
• Internal rate of return
• Intermediate accounting
• Lecture Intermediate accounting
• Investments in debt securities
• Investments in equity securities
• Available for sale securities
• Debt investments
• Stock investments
• Financial statements
• Nguyên lý kế toán
• Managerial Accounting
• Lecture Managerial Accounting
• Kế toán quản trị
• Capital budgeting evaluation
• Accounting for cash
• Accounting cycle
• Business decision
• Kế toán tài chính
• Analyzing investments
• Financial information
• Financial statement analysis
• Intercorporate equity investments
• Minority passive investments
• Acquisition method
• Investment analysis
• Principles of portfolio
• Equity analysis
• Portfolio management
• Market organization
• Security market indices
• Market efficiency
• Investment management products
• Portfolio risk
• Portfolio planning
• Company analysis
• Equity valuation