Getting Started in Security Analysis

Due to the current economic climate, individual investors are starting to take much more time and effort to really understand their investments. They've been investing on their own in record numbers, but many have no idea how to handle the current financial crisis. This accessible guide shows you how to take control of your investment decisions by mastering security analysis.This fully updated Second Edition of Getting Started in Security Analysis covers everything you need to fully grasp the fundamentals of security analysis. It focuses on the practical mechanics of such vital topics as fundamental analysis, security valuation, portfolio management, real estate analysis, and fixed income analysis. \* Easy-to-follow instructions and case studies put the tools of this trade in perspective and show you how to incorporate them into your portfolio \* Along with dozens of examples, you'll find special quiz sections that test your skills \* Focuses on key security analysis topics such as deciphering financial statements, fixed-income analysis, fundamental analysis, and security valuation Sound, practical guidance for taking control of investment decisions.

Individuals are starting to take much more time and effort to really understand their investments. They're investing on their own in record numbers--with index funds, online services, and discount dealers like Schwab. Tested by the author in his Paine Webber investment seminars, this accessible guide shows serious investors how to take greater control of their investment decisions by mastering security analysis. Clear, easy-to-follow instructions, examples, and case studies focus on the practical mechanics of such key security analysis topics as fundamental and technical analysis, valuation, portfolio theory, fixed-income analysis, and deciphering financial statements. Special workbook sections offer practice problems.

PETER J. KLEIN (Melville, New York) is a first vice president at Paine Webber, Inc., where he focuses on managing money for high net worth investors. A Registered Investment Advisor, he regularly conducts investment seminars. A PRACTICAL, COMPREHENSIVE INTRODUCTION TO Getting Started in Security Analysis This accessible new guide covers everything you need to fully grasp the fundamentals of security analysis. Getting Started in Security Analysis focuses on the practical mechanics of such vital topics as fundamental and technical analysis, valuation, portfolio theory, and fixed income analysis. Along with dozens of examples and case studies, you'll also find special workbook sections that enable you to put your new skills to work. You will find complete details on: Accounting—balance sheets, income statements, merger and acquisition principles Economics—the business cycle and investment timing, international trade valuations, and the basics of macroeconomics Portfolio management—investment policy statement, asset allocation, portfolio construction Quantitative analysis—time value of money, internal rate of return, standard deviation, variance, correlation Credit analysis—asset utilization/efficiency ratios, credit ratings, fixed income securities This is an easy-to-use introduction to security analysis, providing the tools to understanding how and why a portfolio investment strategy works. The text covers the basics of fundamental analysis, valuation, portfolio management theory, fixed-income analysis, and understanding financial statements. Its fundamental approach focuses on practical mechanics. The material begins at a basic level but also provides analytical sections for the more sophisticated reader and includes examples, case studies, and illustrations - plus workbook-style problems set at the ends of chapters "This accessible new guide covers everything you need to fully grasp the fundamentals of security analysis. Getting Started in Security Analysis focuses on the practical mechanics of such vital topics as fundamental and technical analysis, valuation, portfolio theory, and fixed income analysis. Along with dozens of examples and case studies, you'll also find special workbook sections that enable you to put your new skills to work."--BOOK JACKET. A new addition to the popular "Getting Started" series, this easy-to-use introduction to security analysis provides the tools to understanding how and why a portfolio investment strategy works.