Practical Investment Management with Stock Track Coupon

PRACTICAL INVESTMENT MANAGEMENT is intended for learners studying investments for the first time. Very practical and applied, it is comprehensive enough for those who plan to become Certified Financial Analysts, but remains user-friendly due to its clarity of explanation and its pedagogy. The book contains all standard topics found in the typical modern investments text, but in addition, several chapters of Practical Investment Management are unique. In addition to being an increasingly important asset class, mortgage-backed securities provide some thought-provoking questions on fixed income valuation. Bob Strong has an engaging writing style along with practical experience making this a very solid, yet very friendly, book for readers.

User Ratings and Reviews

5 Stars PIM
Good book, very expertly layed out. Aome explainations a bit long winded but has great examples.

4 Stars Practical Investment Management
This book appears to be one of the more practical and straightforward texts on investments that I have encountered. It introduces the reader to why people invest, how security markets function, what typical investment choices are available, and how they are valued.

The book is the right size (about 530 pages) to be covered in a one semester course on the fundamentals of investing. It provides a foundation for analyzing various securities, including bonds, stocks, convertible securities, and derivatives. In addition, the book provides an exposure to risk reduction techniques, such as portfolio diversification and hedging, that is important for investors in protecting their gains or reducing their potential losses.

However, the book is not without its flaws. The chapter on fundamental analysis (chapter 7) could be expanded to include a discussion of financial statements (i.e., the balance sheet and the income statement) and an addition of ratios related to debt management (i.e., debt-to-assets, debt-to-equity, times-interest-earned, etc.). These ratios would provide the investor more information regarding the risks that are inherent with the use of debt. In addition, the topic on duration in chapter 17 does not include a discussion on the purpose for obtaining the duration of a fixed income security, namely how the price of the security is affected by a change in market interest rates.

Despite these shortcomings, the book will make a fine required text for an introductory course on investment management at the undergrduate level.

5 Stars Great introduction to investments text
This book is easy to read and interesting. The author makes investment principles incredibly easy to understand. I recommend it to anyone who wants to learn to basics of investments.

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