Episodes
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1-6 Identify the important features of each of the major security laws as they affect investors.
Identify the important features of each of the major security laws as they affect investors.
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3-1 Explain why the combination of two risky securities can produce a portfolio with less risk than either separately, and compute both the expected rate of return and the standard deviation for any two-security portfolio.
Explain why the combination of two risky securities can produce a portfolio with less risk than either separately, and compute both the expected rate of return and the standard deviation for any two-security portfolio.
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10-1 Explain the various characteristics of mutual funds, including their sales fees, benefits, and disadvantages.
Explain the various characteristics of mutual funds, including their sales fees, benefits, and disadvantages.
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10-2 Describe how closed-end funds work.
Describe how closed-end funds work.
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10-3 Decide whether an ETF or an index fund is more appropriate for a client.
Decide whether an ETF or an index fund is more appropriate for a client.
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10-4 Describe the differences between REITs, RELPs, and REMICs.
Describe the differences between REITs, RELPs, and REMICs.
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10-5 Describe the differences between a UIT, a hedge fund, a variable annuity, and a separately managed account.
Describe the differences between a UIT, a hedge fund, a variable annuity, and a separately managed account.
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10-6 Identify the important characteristics to consider in selecting an appropriate mutual fund for a client.
Identify the important characteristics to consider in selecting an appropriate mutual fund for a client.
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10-7 Reconcile the poor average performance of mutual funds with their appropriateness for an investor's portfolio.
Reconcile the poor average performance of mutual funds with their appropriateness for an investor's portfolio.
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6-1 Describe the basic features of common stock.
Describe the basic features of common stock.
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6-2 Value common stock using the constant-growth model.
Value common stock using the constant-growth model.
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6-3 Describe the different market-price-based ratios for judging a stock's price.
Describe the different market-price-based ratios for judging a stock's price.
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6-4 Distinguish between growth and value stocks and their role in portfolio management.
Distinguish between growth and value stocks and their role in portfolio management.
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6-5 Describe the mechanics of dividend payments.
Describe the mechanics of dividend payments.
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6-6 Describe the key characteristics of other equity instruments, including ADRs and preferred stock.
Describe the key characteristics of other equity instruments, including ADRs and preferred stock.
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6-8 Describe the key characteristics of stock-like instruments used in employee compensation, as well as those of nontraditional investments.
Describe the key characteristics of stock-like instruments used in employee compensation, as well as those of nontraditional investments.
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6-7 Describe the key characteristics of rights, warrants, and limited partnerships.
Describe the key characteristics of rights, warrants, and limited partnerships.
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14-1 Describe the nine-step investment process and identify the six common components of an investment policy statement.
Describe the nine-step investment process and identify the six common components of an investment policy statement.
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14-2 Describe the relationship between the number of securities in a portfolio, the types of securities in a portfolio, and the riskiness of a portfolio.
Describe the relationship between the number of securities in a portfolio, the types of securities in a portfolio, and the riskiness of a portfolio.
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14-3 Explain the key issues associated with portfolio rebalancing.
Explain the key issues associated with portfolio rebalancing.
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14-4 Discuss other aspects of investment selection including investment effort, minimum investment size, ethical and moral issues, different tax treatments, and concentrated portfolios.
Discuss other aspects of investment selection including investment effort, minimum investment size, ethical and moral issues, different tax treatments, and concentrated portfolios.
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14-5 Demonstrate how dollar-cost averaging plans work and describe examples of these plans.
Demonstrate how dollar-cost averaging plans work and describe examples of these plans.
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14-6 Describe phenomena associated with behavioral finance and explain the implications of these phenomena for a financial planner.
Describe phenomena associated with behavioral finance and explain the implications of these phenomena for a financial planner.
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14-7 Describe strategies for selling the client on a plan.
Describe strategies for selling the client on a plan.
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13-1 Explain the basic model of personal taxation, compute a tax liability, and identify the relevant marginal tax rate.
Explain the basic model of personal taxation, compute a tax liability, and identify the relevant marginal tax rate.
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13-2 Compute the cost basis or adjusted cost basis of an investment.
Compute the cost basis or adjusted cost basis of an investment.
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13-3 Determine the tax consequences of various equity investments, including the treatment of capital gains and losses as well as qualified and nonqualified dividend income.
Determine the tax consequences of various equity investments, including the treatment of capital gains and losses as well as qualified and nonqualified dividend income.
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13-4 Discuss the pros and cons of tax-loss harvesting and tax-efficient investing.
Discuss the pros and cons of tax-loss harvesting and tax-efficient investing.
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13-5 Avoid subjecting a client to violations of the wash-sale rule for various types of investments.
Avoid subjecting a client to violations of the wash-sale rule for various types of investments.
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13-6 Compute the tax consequences associated with investing in various types of bonds, including a tax-equivalent yield.
Compute the tax consequences associated with investing in various types of bonds, including a tax-equivalent yield.
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13-7 Describe the tax issues associated with investing in investment companies, options, annuities, LPs and MLPs, as well as futures contracts.
Describe the tax issues associated with investing in investment companies, options, annuities, LPs and MLPs, as well as futures contracts.
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13-8 Demonstrate the tax advantages of net unrealized appreciation on stock distributions from a pension plan, tax-harvesting losses in an IRA account, and the tax implications of converting assets from a traditional IRA to a Roth IRA.
Demonstrate the tax advantages of net unrealized appreciation on stock distributions from a pension plan, tax-harvesting losses in an IRA account, and the tax implications of converting assets from a traditional IRA to a Roth IRA.
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12-1 Describe the characteristics of the spot market, forward contracts, and futures contracts.
Describe the characteristics of the spot market, forward contracts, and futures contracts.
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12-2 Describe the institutional framework for trading futures contracts.
Describe the institutional framework for trading futures contracts.
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12-3 Describe the general characteristics of futures contracts.
Describe the general characteristics of futures contracts.
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12-4 Apply trading strategies using futures contracts, especially with regard to the creation of basis risk.
Apply trading strategies using futures contracts, especially with regard to the creation of basis risk.
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12-5 Utilize a financial futures contract to hedge market or interest rate risks.
Utilize a financial futures contract to hedge market or interest rate risks.
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11-1 Be conversant in the basic option terminology and the mechanics of the options markets.
Be conversant in the basic option terminology and the mechanics of the options markets.
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11-2 Describe the two reasons options have value, and compute the value for each reason.
Describe the two reasons options have value, and compute the value for each reason.
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11-3 Construct a profit function for a person long or short a put or call option.
Construct a profit function for a person long or short a put or call option.
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11-4 Construct a profit function for combinations of options and stocks.
Construct a profit function for combinations of options and stocks.
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11-5 Describe how the variables used in the Black-Scholes and binomial option pricing models and the put-call parity relationship affect the value of a call option.
Describe how the variables used in the Black-Scholes and binomial option pricing models and the put-call parity relationship affect the value of a call option.
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11-6 Describe how stock index options, interest rate options, and LEAPS® differ from listed puts and calls on common stock.
Describe how stock index options, interest rate options, and LEAPS® differ from listed puts and calls on common stock.
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11-7 Explain the advantages and disadvantages of convertibles and compute conversion values and conversion premiums.
Explain the advantages and disadvantages of convertibles and compute conversion values and conversion premiums.
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9-1 Compute the price of a bond, given the discount rate, and the yield to maturity, given the price.
Compute the price of a bond, given the discount rate, and the yield to maturity, given the price.
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9-2 Compute the current yield, the realized compound yield to maturity, the yield to call, and the realized rate of return for a bond.
Compute the current yield, the realized compound yield to maturity, the yield to call, and the realized rate of return for a bond.
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9-3 Identify the factors that influence the price volatility of a bond.
Identify the factors that influence the price volatility of a bond.
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9-4 Compute a bond's duration statistic.
Compute a bond's duration statistic.
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9-5 Explain how to use the duration statistic as an index number, to estimate bond price changes, and as a tool for immunizing a portfolio.
Explain how to use the duration statistic as an index number, to estimate bond price changes, and as a tool for immunizing a portfolio.
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9-6 Discuss bond swaps, ladders, bullets, and barbells as strategies for managing a bond portfolio.
Discuss bond swaps, ladders, bullets, and barbells as strategies for managing a bond portfolio.