BUS-123 - Introduction to Investments
Fall 2017

Southwestern Community College
Instructor: Frank Paiano


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Announcements and class material begin below. Keep scrolling.



Be not afraid.

"The moral arc of the universe in long, but it bends toward justice." -- Martin Luther King, Jr.

"This country is so fundamentally strong it can survive its leaders." -- Louis Rukeyser

Is the American republic built to withstand a malevolent president?

Same arguments as during Fascism in the 1930's and 1940's.


*** Text Book Information at the Bottom of the Page ***

Yes, yes, I know. This looks intimidating. "Aye, Paquito! All those links!"
Relax. Much of it is duplicated. (In the case of the presentations, quaduplicated!)
Just get started and remember to work at least an hour each day.




First Exam and Announcements

First Exam
BUS-123-501 & 502 - Online Exam #1: Chapters 1 and 4
 Thursday, September 14th, to Sunday, September 17th

 Chapter 1: Introduction; Overview of Investment Universe; Risk versus Return; Short-term Securities
 Chapter 4: Mutual Funds

Announcements  (Announcements also available in Canvas)

Week #0 - Presemester Announcement -  For students enrolled in the online BUS-123, Introduction to Investments, class



Chapter Presentations, Handouts, and Assignments


Part 1: Introduction


Syllabus:
Short Format - Audio Commentary - Long Format  Long format in Canvas
  Audio commentary discusses the short format syllabus
Your Humble Professor Introduces Himself
Your Humble Professor Introduces Himself (Closed Captioned) -  Look for Video (CC) for the closed captioned videos.
Your Humble Professor Introduces Himself with just audio -  Look for Audio for the audio commentaries.
A Guided Tour of the Class Web Site - Video (CC) - Audio  Uh, the class web site is what y'er lookin' at right now.

Chapter 1 and Notes:
What is an Investment?
The Investment Universe
Risk and Return
Short-term Securities

Chapter 1 Materials
Presentation
Study Guide - Video - Video (CC) - Audio
Assignment - Commentary   (The process is more important than the information and answers. Enjoy!
Short-Term Investments Assignment - Commentary
TreasuryDirect.gov Assignment - Commentary
   TreasuryDirect.gov  Your Federal Tax Dollars at Work!
   Cetes Directo    El TreasuryDirect.gov de Mexico - Miralo - Una tasa de interes mas grande que los estados unidos
How to Submit Assignments - Commentary
Discussion Forums Assignment - Commentary
  Add your picture to the discussion boards!  We want to see your smiling face!

Security Types - Overview of Investment Universe
Security Types Matching Handout - Answer Key   See Overview of Investment Universe - Memorize for exam!

Sample Portfolio Class Project - Feel free to create your own portfolio!
Sample Portfolio Class Project - Commentary

Short-term Securities Investments
Examples - 1  2  3 - Video - Video (CC) - Audio
Interview with a Dyed-in-the-Wool CD Investor

Books to Read, Future Value Calculations (optional), First of Many Scams
Books to Read (Eventually) - Commentary
Future Value Worksheet - Commentary - Answer Key
  How much wealth can build over our working careers? A lot!
Future Value Tables
Turn $33,000 into $7,000,000 in just 2 years! - Rates of Return - Commentary

Online Audio Lectures
Chapters 1, 3, Notes - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment?
Chapters 1, 3, Notes - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe
Chapters 1, 3, Notes - Lecture 3 - Slides 35 to 54    Risk versus Return
     Liar's Poker Story - Slide 48    Are you a Speculator/Trader or are you an Investor?
     The Value Line on the Difference between Investing and Speculating/Trading
Chapters 1, 3, Notes - Lecture 4 - Slides 55 to 72    Short-term Investments

Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.)
Chapters 1, 3, Notes - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment?
Chapters 1, 3, Notes - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe
Chapters 1, 3, Notes - Lecture 3 - Slides 35 to 54    Risk versus Return
     Liar's Poker Story -- Slide 48    Are you a Speculator/Trader or are you an Investor?
     The Value Line on the Difference between Investing and Speculating/Trading
Chapters 1, 3, Notes - Lecture 4 - Slides 55 to 72    Short-term Investments

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapters 1, 3, Notes - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment?
Chapters 1, 3, Notes - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe
Chapters 1, 3, Notes - Lecture 3 - Slides 35 to 54    Risk versus Return
     Liar's Poker Story -- Slide 48    Are you a Speculator/Trader or are you an Investor?
     The Value Line on the Difference between Investing and Speculating/Trading
Chapters 1, 3, Notes - Lecture 4 - Slides 55 to 72    Short-term Investments

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapters 1, 3, Notes - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment?
Chapters 1, 3, Notes - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe
Chapters 1, 3, Notes - Lecture 3 - Slides 35 to 54    Risk versus Return
     Liar's Poker Story -- Slide 48    Are you a Speculator/Trader or are you an Investor?
     The Value Line on the Difference between Investing and Speculating/Trading
Chapters 1, 3, Notes - Lecture 4 - Slides 55 to 72    Short-term Investments

Chapter 4:
Mutual Funds

Presentation
Study Guide - Commentary
Assignment - Commentary
Mutual Fund Annual Report Assignment - Commentary  (See Annual Reports and Prospectuses below)
Thrift Savings Plan Assignment - Commentary
Mutual Fund Case Studies (not an assignment) - Commentary

Mutual Fund Types Scramble Sheet (Online lecture 3) - Commentary

Employer-Sponsored Plans
Strategies for Navigating the 401(k) Jungle -- Tom Petruno, LA Times
Jack Bogle sticks it to the 401(k) world  And Senator Oral Hatch is not pleased...

A Sample Mutual Fund  (Online lecture 4 - Just one of over 11,000!)
ICA Prospectus: Full - Summary - Commentary
ICA: 83 Years of Investing -  Presentation: Video - Video (CC) - Audio
Top 75 Holdings of ICA -  Commentary
The Benefit of Time -  Commentary
Worst Day / Best Day -  Commentary

Hypothetical Illustrations  (Online Lecture 4)
$100 per month for 30 years
$100 per month for 40 years
$100 per month for 40 years - increase $10 each year
$500 per month for 20 years
   Presentation: Video - Video (CC) - Audio


Offerings of Sample Mutual Fund Companies Performance  (Online lecture 4)
Vanguard Funds Performance
American Funds Performance
Fidelity Funds    Only shows 310 or so of Fidelity's over 500 mutual funds.
Fidelity Funds and all the other funds that they offer through their web site    Over 11,000!
Dodge and Cox Funds Performance
T. Rowe Price Funds
Franklin Templeton Funds

Annual Reports and Prospectuses  (Online lecture 4 and Mutual Fund Annual Report Assignment)
Vanguard Funds
American Funds
Fidelity Funds
Dodge and Cox Funds
T. Rowe Price Funds
Franklin Templeton Funds  Choose fund and then find [Documents]
Mutual Fund Commentaries, Insights, and Perspectives
Vanguard Insights - John Bogle's Official Website - Obituary for Howard Schow
American Funds Investment Insights - Obituary for Jon B. Lovelace
Fidelity Funds Insights - Viewpoints - Ned Johnson on Wikipedia
Dodge and Cox Funds Video Perspectives Gallery - Insight Papers
T. Rowe Price Investing Insights
Franklin Templeton Funds Investing Commentary - John Templeton's Official Website

No Investment Is Perfect ...
Mutual Funds Far Outperform Mutual Fund Investors   Huh? That does not make any sense. But it is true!
A Cautionary Tale for Investors   An example of a mutual fund without proper oversight by the Board of Directors

Online Lectures
Chapter 4 - Lecture 1 - Slides 1 to 20    Introduction to Mutual Funds
Chapter 4 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My!
Chapter 4 - Lecture 3 - Slides 41 to 61    Types of Mutual Funds (Scramble Sheet)
Chapter 4 - Lecture 4 - Slides 62 to 79    Fund Families and a Sample Mutual Fund

Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.)
Chapter 4 - Lecture 1 - Slides 1 to 20    Introduction to Mutual Funds
Chapter 4 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My!
Chapter 4 - Lecture 3 - Slides 41 to 61    Types of Mutual Funds (Scramble Sheet)
Chapter 4 - Lecture 4 - Slides 62 to 79    Fund Families and a Sample Mutual Fund

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 20    Introduction to Mutual Funds
Chapter 4 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My!
Chapter 4 - Lecture 3 - Slides 41 to 61    Types of Mutual Funds (Scramble Sheet)
Chapter 4 - Lecture 4 - Slides 62 to 79    Fund Families and a Sample Mutual Fund

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 20    Introduction to Mutual Funds
Chapter 4 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My!
Chapter 4 - Lecture 3 - Slides 41 to 61    Types of Mutual Funds (Scramble Sheet)
Chapter 4 - Lecture 4 - Slides 62 to 79    Fund Families and a Sample Mutual Fund

Text Book

Here are links to sellers of the 7th, 6th, 5th, and 4th edition of the text book: "Fundamentals of Investments" by Jordan & Miller
The text book is available at the college book store as well as numerous other outlets.
The text book is usually also available across the street at Otay Books.
There are now web-based versions of text books available at www.coursesmart.com.
Except for the data being updated, there are not many differences between the 4th, 5th, 6th, and 7th editions.
Also, there are two copies in the main campus library on reserve. (You can read them there but they can not be checked out)
7th Edition -- This is the "official" book of the Spring 2017 class
Amazon: https://www.amazon.com/MP-Fundamentals-Investments-Stock-Trak-card/dp/0078115663/ref=sr_1_2?ie=UTF8&qid=1470412788&sr=8-2&keywords=fundamentals+of+investing+7th+edition+jordan
Half.com: 7th edition not available on Half.com
Chegg.com: http://www.chegg.com/textbooks/fundamentals-of-investments-7th-edition-9780077861636-0077861639?trackid=67a86a11&strackid=6c290340&ii=5
6th Edition -- Very similar to the current edition (but cheaper)
Amazon: http://www.amazon.com/Fundamentals-Investments-Stock-Trak-Mcgraw-Hill-Insurance/dp/0077457641/ref=dp_ob_title_bk
Half.com: http://product.half.ebay.com/Fundamentals-of-Investments-by-Bradford-D-Jordan-and-Thomas-Miller-2011-Hardcover/99510715&tg=info
Chegg.com: http://www.chegg.com/textbooks/fundamentals-of-investments-with-stock-trak-card-6th-edition-9780077457648-0077457641?trackid=YAJcVwrZ&ii=1&om_ss=1
5th Edition -- Very similar to the current edition (but even cheaper)
Amazon: http://www.amazon.com/Fundamentals-Investments-Stock-Trak-Mcgraw-Hill-Insurane/dp/0077283295/ref=sr_1_6?s=books&ie=UTF8&qid=1322833773&sr=1-6
Half.com: http://product.half.ebay.com/Fundamentals-of-Investments-by-Bradford-D-Jordan-and-Thomas-Miller-2008-Hardcover/66239818&tg=info
Chegg.com: http://www.chegg.com/textbooks/fundamentals-of-investments-w-sp-card-stock-trak-card-5th-edition-9780077283292-0077283295?trackid=5a730d99&autosuggest=1&uqry=9780077283292&ii=1
4th Edition -- Also very similar to the current edition (but even more cheaper)
Amazon: http://www.amazon.com/Fundamentals-Investments-McGraw-Hill-Finance-Insurance/dp/0073027219/ref=sr_11_1?ie=UTF8&qid=1199133503&sr=11-1
Half.com: http://product.half.ebay.com/_W0QQprZ51726165QQcpidZ1373341548

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