Financial Markets - More About Chippewa Valley Schools金融市场更多关于奇普瓦瓦利学校.pptVIP

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2018-04-16 发布于江西
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Financial Markets - More About Chippewa Valley Schools金融市场更多关于奇普瓦瓦利学校.ppt

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Financial Markets - More About Chippewa Valley Schools金融市场更多关于奇普瓦瓦利学校.ppt

NEXT NEXT Financial MarketsChapter 11 Ms. Eraqi Financial Intermediaries TYPES OF INVESTMENTS Includes banks, SLs, credit unions also finance companies, pension funds, life insurance companies Mutual fund—pools individuals’ money to buy range of financial assets investors own shares of entire fund Financial Intermediaries Example: Nonbank Financial Intermediaries Finance companies make small loans to households, small businesses Mutual funds let individuals own many assets; managers make decisions Pension funds invest employees’ money, so will have more at retirement Life insurance companies invest income in financial assets let people save by building cash values, protect them against loss Financial Asset Markets Financial Markets Financial markets categorized according to time, resalability Capital market—for buying and selling long-term financial assets Money market—for buying and selling short-term financial assets Primary market—for financial assets that original buyer must redeem Secondary market—where financial assets are resold Financial Asset Markets Time Capital markets—assets held for over a year include stocks, bonds, mortgages, long-term CDs Money markets—loans made for less than a year include short-term CDs, Treasury bills Financial Asset Markets Resalability Primary markets—financial assets can be redeemed only by original buyer include savings bonds, small denomination CDs also market where first issue of stock sold through investment bankers Secondary markets—resale markets; offer liquidity to investors include stocks, bonds Risk and Return What Kind of Risk Are You Willing to Take? Risk usually means loss of part of initial investment, or principal no-risk investments: insured savings and CDs, U.S. government bonds Safe investments risk interest rate may not keep up with inflation Return on riskier investments depends on how profitable company is bonds less risky than stocks; bondholders paid off first Risk and Return What Kind of Re