BUS-123 - Introduction to Investments - Fall 2023
Study and work *every* day!
Free Textbook

Southwestern Community College
Instructor: Frank Paiano - Email: fpaiano@swccd.edu

Zoom Meeting Room for Office Hours

Group Based on BUS-123, Introduction to Investments
Thank you, Abe!

Southwestern Investment Club
Thursdays at Noon Online
Zoom Meeting Room for Southwestern Investment Club

---

First Exam

Exam #1
BUS-123-501/502	Online	Exam #1: Chapters 1 and 2  Chapter 1: Introduction, Overview, Risk Versus Return, Short-term Investments  Chapter 2: Mutual Funds: Investments for the Masses Thursday, September 14th, to Sunday, September 17th, at 11:59 pm

---

Announcements

Announcements  (Announcements also available in Canvas)

Week #6 - Continuing Chapter 3, Introduction to Stocks - Video - Audio     Due: Chapter 3 assignments  Study, study, study stocks! Every day! At least one hour per day! You Can Do It! Week #5 - After the First Exam - Starting Stocks! - Video - Audio     Due: Chapters 1 and 2 Assignments (if not submitted), Index Funds and Diversification Bonus Assignment Week #4 - Finish Mutual Funds - Exam 1 This Week - Chapter 1 Assignments (if not submitted yet) - Video - Audio     Due: Exam #1, Chapter 1 assignments (Submit them late!), Chapter 2 assignments and Le Maison de Mutual Funds discussion forum Week #3 - Starting Mutual Funds - Exam 1 Next Week - Chapter 1 Assignments and Short-term Discussion Forum Due This Week - Video - Audio     Due: Short-term Snack Shack discussion forum and Chapter 1 assignments due this week, Exam #1 next week Week #2 - Continuing Introduction to Investments - Risk versus Return - Short-term Investments - Video - Audio     Due: Finish chapter 1 material, Add your personal email and mobile phone number to Canvas Week #1 - Introduction and Welcome to BUS-123, Introduction to Investments, for Fall 2023 - Video - Audio     Due: Please Introduce Yourself discussion forum Week #0 - Presemester Announcement - Video - Audio   Pre-semester annoucement for students enrolled   Pre-semester annoucement for students on waiting list

---

Chapter Presentations, Handouts, and Assignments

Part 1: Introduction including Mutual Funds
Part 1:	Syllabus: BUS-123-501/502 - Audio Commentary of Class Syllabus - Long Format   Long format also in Canvas   More Student Services for Fall 2023  More student services not included in syllabus   Support for English Learners and Multilingual Students  Even more student services not included in syllabus   Add your personal email and mobile phone number to Canvas  This will ensure that you receive all important communications. And you get 2 extra credit bonus points! Your Humble Professor Introduces Himself Your Humble Professor Introduces Himself with just audio A Guided Tour of the class website - Audio  Uh, it's what yer lookin' at right now. Online Office: Zoom Room Virtual Office Hours  We will have at least twelve online Zoom office hours this semester. Thursday nights from 7:00 pm to 7:55 pm      Thursday, August 24th, 7:00 to 7:55 pm (first week of semester)      Thursday, September 14th, 7:00 to 7:55 pm (coincide with exam #1)      Thursday, October 12th, 7:00 to 7:55 pm (coincide with exam #2)      Thursday, October 26th, 7:00 to 7:55 pm (coincide with exam #3)      Thursday, November 16th, 7:00 to 7:55 pm (coincide with exam #4)      Thursday, November 30th, 7:00 to 7:55 pm (coincide with final exam) Saturday mornings from 11:00 am to 11:55 am      Saturday, August 26th, 11:00 to 11:55 am (first week of semester)      Saturday, September 16th, 11:00 to 11:55 am (coincide with exam #1)      Saturday, October 14th, 11:00 to 11:55 am (coincide with exam #2)      Saturday, October 28th, 11:00 to 11:55 am (coincide with exam #3)      Saturday, November 18th, 11:00 to 11:55 am (coincide with exam #4)      Saturday, December 2nd, 11:00 to 11:55 am (coincide with final exam) Please let me know what days and times are good for you and we will schedule an office hour for you.
Chapter 1: Introduction, Overview, and Risk versus Return	Chapter 1: Introduction, Overview, and Risk versus Return Chapter 1 in textbook on LibreTexts.org Presentation file  Every chapter has a Google Docs slide presentation that can be read with Google Docs, OpenOffice, LibreOffice, or PowerPointless Study Guide - Video - Audio  Discussion of the chapter study guides and how to use Google Docs 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 Everyone post! We need your input! Don't worry about what you will say! Just write something! - Commentary   Add your picture to the discussion boards!  We want to see your smiling face! Work-Based Learning Work-Based Learning Extra Credit Bonus Assignment - Commentary  Two points for every Investment Club meeting you attend! Better than a poke in the eye, eh? Security? But I'm not an Administration of Justice Major!   No, not that type of security! Security Types Matching Handout - Answer Key - Commentary   Memorize for exam! You must know these! Investopedia: What is a Security?   Kind of a dumb name, huh? "Security." Sample Portfolio Class Project - Commentary   Create Your Own Portfolio: Video - Audio  (Check back often to see how we are doing.)   Snapshot (28 Aug 2023)  Not bad! We are off to a pretty good start! Up 0.75%.   Snapshot (1 Sep 2023)  Whoa! Not bad! A big bump to over 3%!   Snapshot (8 Sep 2023)  Just under 3%. We are doing pretty good, all things considered.   Snapshot (15 Sep 2023)  Still going strong at almost 4%. Well done, Artifical Intelligence!   Snapshot (26 Sep 2023)  Down just a bit more than 1%. Could be a whole lot worse! Bibliography - Books to Read (Eventually) - Commentary Sixteen Rules for Success  According to Sir John Templeton (We will see him in chapter 6.) Visualizing the World Economy, December 2022  Source: VisualCapitalist.com - Updated annually    The December 2021 Graph Visualizing the World Economy in 2050  Prediction is difficult, especially about the future. Nonetheless, the world is changing. The Value of Long-term Investing Future Value Worksheet - Commentary - Answer Key Future Value Tables Do you want to be an Investor or a Speculator/Trader?      Psst! If you want to be an Investor, you have come to the right place. If you want to be a Speculator/Trader, sorry, we can't help you.    Liar's Poker Story - Slide 47  Are you a Speculator/Trader or are you an Investor?    Investopedia on the Difference between Investing and Speculating/Trading    The Difference between Investing and Speculating/Trading according to Forbes    Fidelity International weighs in on the discussion    Jack Bogle Interview with Forbes  Aha! I found it! In this interview, Jack Bogle nails the difference between investing and speculating. Scroll down to [06:09] Emotion Is The Enemy    Speculative Booms of the Past  The History of Capitalism is the History of Booms and Busts, Manias and Crashes    Schwab's advice on risk versus return  Love the part that shows that checking your portfolio more often makes you more nervous and risk averse. Scams   They want to take your money! Turn $33,000 into $7,000,000 in just 2 years! - Rates of Return - Commentary   Yet another scam -- Turn $500 into $650,000 with no risk!  When you see get-rich-quick advertisements like these, please send them my way. Thanks! Investopedia article on recent stock scams Advice from a Scam Expert on How to Spot a Scam The same kind of illegal behaviors go on in the world of weight loss supplements  Some weight loss supplements have Prozac and Viagra! Short-term Securities Investments Investopedia: An Introduction to Commercial Paper Why Brokered CD's Offer Higher Rates  Investopedia's discussion of Brokered Certificates of Deposit T. Rowe Price Cash Reserves Money Market Fund  Interesting. This fund can have securities that mature in up to 397 days but the average is 60 days. Fidelity Money Market Fund  Annual Report -- April 30, 2023 Vanguard Municipal Money Market Fund  Municipal money market funds are tax-exempt at the Federal level U.S. Government Money Market Mutual Fund Annual Report  Scroll down to pages 5 and 6 to see the Treasury bills and corporate paper that the money market owned on September 30, 2022 Short-term Securities Examples: Video - Audio   2022 Example: Fall 2022   2021 Example: Fall 2021   2020 Example: Spring 2020   2019 Example: Spring 2019   2018 Examples: Fall 2018 - Spring 2018  The Federal Reserve Bank started raising short-term rates in 2015   2014 Example: Fall 2014 -  Before 2015, short-term rates were close to zero! Interview with a Dyed-in-the-Wool CD Investor  Jeanne tells you why she will only invest in short-term investments Bankrate.com/banking  Popular Internet site for researching short-term investments The Federal Reserve Bank and the Money Supply Unusual and Foreboding Change in the U.S. Money Supply    Is this a dangerous indicator or simply a reversion to the average after Covid? Online Audio Lectures Chapter 1 - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment? Chapter 1 - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe Chapter 1 - Lecture 3 - Slides 35 to 53    The Relationship of Risk versus Return Chapter 1 - Lecture 4 - Slides 54 to 72    Short-term Investments, A Place to Park Your Money Online Audio/Video Lectures Chapter 1 - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment? Chapter 1 - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe Chapter 1 - Lecture 3 - Slides 35 to 53    The Relationship of Risk versus Return Chapter 1 - Lecture 4 - Slides 54 to 72    Short-term Investments, A Place to Park Your Money Online Audio/Video Lectures on YouTube Chapter 1 - Lecture 1 - Slides 1 to 14    Introduction: What is an Investment? Chapter 1 - Lecture 2 - Slides 15 to 34    An Overview of the Investment Universe Chapter 1 - Lecture 3 - Slides 35 to 53    The Relationship of Risk versus Return Chapter 1 - Lecture 4 - Slides 54 to 72    Short-term Investments, A Place to Park Your Money
Mutual Funds: Investments for the Masses	Chapter 2: Mutual Funds: Investments for the Masses Chapter 2 in textbook on LibreTexts.org Presentation file Study Guide - Commentary Assignment - Commentary Mutual Fund Annual Report Assignment - Commentary   (You can use the Annual Reports and Prospectuses links below) Thrift Savings Plan Assignment - Commentary Bonus Assignment: Index Funds and Diversification - Commentary    Market Concentration in 5 Charts - Summer 2023 Mutual Fund Case Studies - Commentary  (Not an assignment but something like this might just be on the exam -- hint, hint) Investor.gov: What Are Mutual Funds   The Federal government explains mutual funds Mutual Funds Used in Lecture #2 AB Large Cap Growth Fund   Formerly Alliance Large Cap Growth Fund Legg Mason Value Trust   Now called Clearbridge Value Trust T Rowe Price Dividend Growth Fund Vanguard 500 Index Fund   The Admiral shares have replaced the orginial 500 Index Fund Fidelity 500 Index Fund Mutual Fund Types Scramble Sheet (Online lecture 3) - Commentary A Sample Mutual Fund  (Online lecture 5 - Just one of over 12,000!) ICA Prospectus: Full - Summary - Webpage - Commentary ICA: 89 Years of Investing -  Commentary: Video - Audio Top 75 Holdings of ICA -  Commentary The Benefit of Time -  Commentary Worst Day / Best Day -  Commentary Hypothetical Illustrations  (Online Lecture 5) $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 $1,000 per month for 20 years    Commentary: Video - Audio A Shares (commission-based) versus F or I Shares (fee-based, aka Assets Under Management) $500,000 paying the up-front commission - 20 years $500,000 paying a yearly 1.25% annual fee - 20 years $500,000 paying the up-front commission - 25 years $500,000 paying a yearly 1.25% annual fee - 25 years    Commentary: Video - Audio 401(k), 403(b), and other Employer-sponsored Plans Jack Bogle sticks it to the 401(k) world  And Senator Oral Hatch is not pleased... Offerings of Sample Mutual Fund Companies Performance  (Online lecture 4) Vanguard Funds Performance American Funds Performance Fidelity Funds and all the other funds that they offer through their web site    Over 3,400 no transaction fee funds. Over 9,700 funds total! Woman CEO! Dodge and Cox Funds Performance T. Rowe Price Funds Franklin Templeton Funds    Woman CEO! Annual Reports and Prospectuses  (Online lecture 5 and Mutual Fund Annual Report Assignment) Vanguard Funds American Funds Fidelity Funds    Woman CEO! Dodge and Cox Funds T. Rowe Price Funds Franklin Templeton Funds  Choose fund and then find [Documents] - Woman CEO! Top 10 Largest U.S. Fund Families: Morningstar  ThinkAdvisor, Sep 2019 - Careful: Difficult to get accurate, current results The Top Three Have Earned Their Stature  At least, according to Morningstar.com CityWire Alpha Female Report  The Women are gaining but still far behind the Men Mutual Fund Commentaries, Insights, and Perspectives Vanguard Insights - John Bogle's Official Website - Obituary for Howard Schow American Funds Investment Insights - The Capital Ideas (Parent company of American Funds) - Obituary for Jon B. Lovelace Fidelity Funds Insights - Viewpoints - Ned Johnson on Wikipedia Dodge and Cox Funds Video Perspectives Gallery - Check out The Benefits of an Active Approach to Global Fixed Income T. Rowe Price Investing Insights - Biography of T. Rowe Price, Jr. 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! See last presentation. Why The Average Investor's Investment Return Is So Low Like Moths to a Flame   In January 2014, investors (?) rushed out of stock funds and into bond funds ... at just the wrong time. Fun video. A Cautionary Tale for Investors   An example of a mutual fund without proper oversight by the Board of Directors Woodford Funds Debacle:   An example of a mutual fund manager who believed he was invincible. Look for long-term results, Dear Students!   The decline and fall of a star stock picker  To read this one, you have to create a free account with City Wire Selector   Morningstar's take on the Woodford Funds  Morningstar also requires you to create a free account to read the article   Woodford Funds Debacle   The Financial Times now has a "pay wall" for this article. Sorry. You can get it at a library. Recent Mutual Fund Scandal   The investment manager was lying about the value of the investments. How did this happen?! Online Lectures Chapter 2 - Lecture 1 - Slides 1 to 20     Introduction to Mutual Funds Chapter 2 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My! Chapter 2 - Lecture 3 - Slides 41 to 56    Types of Mutual Funds (Scramble Sheet) Chapter 2 - Lecture 4 - Slides 57 to 61    The Great Debate: Passive Versus Active Management Chapter 2 - Lecture 5 - Slides 62 to 79    Fund Families and a Sample Mutual Fund Online Audio/Video Lectures Chapter 2 - Lecture 1 - Slides 1 to 20     Introduction to Mutual Funds Chapter 2 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My! Chapter 2 - Lecture 3 - Slides 41 to 56    Types of Mutual Funds (Scramble Sheet) Chapter 2 - Lecture 4 - Slides 57 to 61    The Great Debate: Passive Versus Active Management Chapter 2 - Lecture 5 - Slides 62 to 79    Fund Families and a Sample Mutual Fund Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 2 - Lecture 1 - Slides 1 to 20     Introduction to Mutual Funds Chapter 2 - Lecture 2 - Slides 21 to 40    Fees, Expenses, and Class Shares, Oh My! Chapter 2 - Lecture 3 - Slides 41 to 56    Types of Mutual Funds (Scramble Sheet) Chapter 2 - Lecture 4 - Slides 57 to 61    The Great Debate: Passive Versus Active Management Chapter 2 - Lecture 5 - Slides 62 to 79    Fund Families and a Sample Mutual Fund
Part 2: Stocks, also known as Equities
Introduction to Stocks	Chapter 3: Introduction to Stocks Chapter 3 in textbook on LibreTexts.org Presentation file Study Guide Assignment Stock Markets Assignment - Commentary Earnings Call Assignment - Commentary Stock Transactions The difference between limit, stop, and stop-limit orders  Limit, schlimit! If you want the buy or sell the stock, just use a market order! Market Simulation Handout - Commentary    Presentation: Chaos in the Classroom! (Spring 2020 just before the lockdown): Video - Video (CC) - Audio Internet Finance Web Sites   (Assignments, Lecture #3) Presentation: Video - Audio The Value Line Awesome resource that used to be pay only. Check it out!    We will use The Value Line extensively in the next chapter on valuation. Yahoo Finance   Yahoo Finance was the best free finance site. It is still useful but not as much as before. Oh, well.    E-mail to and response from the CEO of Verizon   Verizon bought Yahoo. The CEO answered me personally! (Verizon then sold Yahoo.) Bloomberg Finance Marketwatch  Wall Street Journal's free web site (Not so free anymore...) Morningstar  Same website as chapter 2, mutual funds. Google Finance   Google Finance is great for checking on the international markets CNBC Investopedia  Pretty good website (even though it is owned by the same folks who own Tinder) The New York Times Markets Overview ESG - Environmental, Social, and Governance What is it?  Yet another buzz term to throw around or a real issue (actually three) that must be considered when investing? ESG will eat itself  Critical look at the difficulties in defining what is good and what is bad FINRA - Financial Industry Regulatory Authority FINRA  Investigate your broker and brokerage firm at FINRA's BrokerCheck FINRA Broker Check  Just type "PAIANO" for the name and hit [Enter] FINRA Registered Representative Brochure  Registered Representative is the legal term for a Stockbroker The new Securities Industry Essentials Exam  Started October 1, 2018 Solomon Securities Industry Essentials Exam Preparation  Just one of many exam prep companies (I don't get any kickback!) The FINRA Investor Knowledge Quiz  Actually, you should wait until the end of the semester before taking this quiz! FINRA SIE Exam Practice Exam  Take it over and over and over again! Wait until the end of the semester. The Spread - How market makers (aka dealers) make money Casas de Cambio - San Ysidro and Tijuana (Lecture 2) - Video - Audio - YouTube Investopedia explains the bid-ask spread Robinhood is not free!   How does a brokerage firm that changes no commission make money? From the spread! The SEC is not happy with Robinhood   But doesn't everyone know that they are still being charged when they use Robinhood? (I guess not...) How Robinhood makes money on $0 trades   Investopedia is skeptical but not very critical of Robinhood. Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders     However, this guy claims the spreads on Robinhood are very high. SEC Considers Banning Order Flow!   31-August-2021: Whoa! Wouldn't that upset the apple cart?! Even in hindsight, it is difficult to choose stocks Eighty-Nine Years Ago (Lecture 3) - Commentary - Results   Don't Peek Until You Have Chosen a Company! Stock Certificates Disney - Allied Signal - Campbell Soup Company - Commentary Stock Worksheets Stocks Worksheet 1 - (Lecture 2 and 4) - Commentary - Answer Key Stocks Worksheet 2 - (Lectures 2, 5, and 6) - Commentary - Answer Key Stocks Worksheet 3 - (Lecture 6) - Commentary - Answer Key Dividend Reinvestments Plans (DRIPs) Sempra Energy DRIP (Lecture 4) - Commentary Penny Stock and Other Stock Scams DPER -- From $0.006 To $0.06 In Just 9 Days! (Lecture 5) - Commentary   Psst. It is now at $0.0000 PPTL -- Turn $0.0138 to $0.05 In Just One Week!   What is it selling for now? $0.0000 Yahoo! Advertisement for AwesomePennyStocks.com - Another: "Penny Stocks Made Me Rich!" The same people who are doing the recommending to you are the same scam artists who are selling the bogus stocks to you! They "pump" up the price and then "dump" all the shares! It is a very old scam. AwesomePennyStocks.com shuts down after SEC/FBI probe  Sigh. These scams will never end as long as people are greedy and stupid. Another web site that was shut down  And they spelled "receive" incorrectly! I before E except after C... Two British Teens Ran "Stock-Picking Robot" Scam Email scam using PRFC -   PRFC was one of the few legitimate companies on the OTC. They warned the investment community that they were being used by the penny stock scammers. DRMC: 25-Feb-2015 - 26-Feb-2015 -- Definitive Rest Manufacturing    Formerly manufactured mattresses but now makes materials for aerospace industry. Uh, right... STHC: 24-Feb-2015 - 25-Feb-2015 -- SouthCorp Capital    Started June 2014 as a company refurbishing run-down homes but now is manufacturing cans and weight loss products. Okay... How Bernie Madoff Made Off With $18 Billion   They also ask the question, "Are we protected from the next major Ponzi scheme?" (Spoiler: No.) PBS Frontline's take on Madoff's fraud 60 Minutes: The Man Who Knew   60 Minutes interviews the man who reported Madoff to the SEC. They didn't listen. IPO -- Initial Public Offering or It's Probably Overpriced? It's Probably Overpriced! Rigging the IPO Game Bear markets come and go. Keep a long-term perspective. History of Bear Markets - (Lecture 3) - Commentary Another History of Bear Markets Five Weeks of Hell - Fall 2008  It's gonna' happen ag'n, Folks. We just don't know when. Be prepared emotionally. What Past Market Declines Can Teach Us Don't Lose Perspective (Lecture 5) - Commentary BGFN, The Benjamin Graham Financial Network! - Commentary How to Handle a Market Decline  Don't panic. Keep a long-term perspective. Buy more! Three Ways to Prepare for Down Markets Bibliography - Read! It will give you an unfair advantage over everyone else! Books to Read about Stocks - Commentary (Same as Chapter 1) Rewards of keeping a long-term perspective 96-Year-Old Secretary Quietly Amasses a Fortune Stocks can make you rich, Dear Students ... but it takes time Woman buys 3 shares of Abbott Labs at age 26 When she dies at 100, she leaves $7 million to her favorite college High Frequency Trading (HFT) FINRA High-Frequency Trading (HFT) Concerns   But this guy says that HFT is good for us! Arrgh!   Brad Katsuyama, the Hero of Flash Boys, begs to differ. "The system is rigged."   And he started IEX to level the playing the field     Mr. Katsuyama's full speech   The link above is an excerpt   SEC gives approval to IEX to become a stock exchange   FranklinTempleton, Capital Group, and other large financial firms and pension funds backed IEX   Citadel tries to stop IEX!   Citadel is the company that pays Robinhood for the order flow. They don't want any competition!   One False Move   A High Frequency Trading firm loses $440 million in 45 minutes Warren Buffett and Berkshire Hathaway The History of Berkshire Hathaway Class B Shares Robo-Advising? Robo-Trading? What is this? It sure ain't investing! Fidelity Robotic Trading System   Whatever it is, they were charging 1.25% each year! Looks like random senseless trading by a computer.   Presentation: Video - Audio Online Audio Lectures Chapter 3 - Lecture 1 - Slides 1 to 12      Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 3 - Lecture 2 - Slides 13 to 35    The Stock Markets (aka The Capital Markets) Chapter 3 - Lecture 3 - Slides 36 to 46    Stock Transactions, Transaction Costs, and Stock Quotes Chapter 3 - Lecture 4 - Slides 47 to 59    Market Averages and Indexes; Volatility Reexamined Chapter 3 - Lecture 5 - Slides 60 to 73    Stock Characteristics and Measurements Chapter 3 - Lecture 6 - Slides 74 to 84    Types of Stocks, Growth versus Value, and Market Capitalization Chapter 3 - Lecture 7 - Slides 85 to 92    Stock Investment Strategies Online Audio/Video Lectures Chapter 3 - Lecture 1 - Slides 1 to 12      Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 3 - Lecture 2 - Slides 13 to 35    The Stock Market (aka The Capital Markets) Chapter 3 - Lecture 3 - Slides 36 to 46    Stock Transactions, Transaction Costs, and Stock Quotes Chapter 3 - Lecture 4 - Slides 47 to 59    Market Averages and Indexes; Volatility Reexamined Chapter 3 - Lecture 5 - Slides 60 to 73    Stock Characteristics and Measurements Chapter 3 - Lecture 6 - Slides 74 to 84    Types of Stocks, Growth versus Value, and Market Capitalization Chapter 3 - Lecture 7 - Slides 85 to 92    Stock Investment Strategies Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 3 - Lecture 1 - Slides 1 to 12      Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 3 - Lecture 2 - Slides 13 to 35    The Stock Market (aka The Capital Markets) Chapter 3 - Lecture 3 - Slides 36 to 46    Stock Transactions, Transaction Costs, and Stock Quotes Chapter 3 - Lecture 4 - Slides 47 to 59    Market Averages and Indexes; Volatility Reexamined Chapter 3 - Lecture 5 - Slides 60 to 73    Stock Characteristics and Measurements Chapter 3 - Lecture 6 - Slides 74 to 84    Types of Stocks, Growth versus Value, and Market Capitalization Chapter 3 - Lecture 7 - Slides 85 to 92    Stock Investment Strategies
Chapter 4: Fundamental Analysis: Valuation Models	Chapter 4: Fundamental Analysis: Valuation Models Chapter 4 in textbook on LibreTexts.org Presentation file Study Guide Chapter 4 Valuation Models Assignment - Commentary Chapter 4 Value Line Assignment - Commentary     Great News! The Value Line is now available online through the Southwestern College Library!     The paper version of The Value Line is available at the Chula Vista and San Diego Central Libraries.     It is also available at selected San Diego branch libraries. May be out of date. Call First.     Their website only shows the San Diego Central Library and Rancho Bernardo but we know it is available at other branches. Pretzels Unlimited Discounted Cash Flow Spreadsheet   (Lecture 3) Valuation Worksheet 1 - Commentary - Answer Key    Jimba Jomba Jumba Juice Discounted Cash Flow Spreadsheet Valuation Worksheet 2 - Answer Key The Value Line: Johnson 'n' Johnson Spreadsheet - Chapter 4 Formulas Present Value Table  (Needed for Discounted Cash Flow Model calculations)

---

Text Book