Part 1: Introduction including Mutual Funds |
Part 1:
|
Syllabus:
BUS-123-501/502 Short Format -
Audio Commentary of Short Format Class Syllabus -
Long Format
Long format also in Canvas
More Student Services
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
Ah, it's what yer lookin' at right now.
Office Hours -- We are here to help you!
Zoom Room Online Office
We will have at least twelve online Zoom office hours this semester.
BUS-123-501 -- First 8-Week Class -- Thursday nights from 7:00 pm to 7:55 pm
Thursday, February 6th, 7:00 to 7:55 pm (first week of semester)
Thursday, February 13th, 7:00 to 7:55 pm (coincide with exam #1)
Thursday, February 27th, 7:00 to 7:55 pm (coincide with exam #2)
Thursday, March 6th, 7:00 to 7:55 pm (coincide with exam #3)
Thursday, March 20th, 7:00 to 7:55 pm (coincide with exam #4)
Thursday, March 27th, 7:00 to 7:55 pm (coincide with final exam)
BUS-123-502 -- Second 8-Week Class -- Thursday nights from 7:00 pm to 7:55 pm
Thursday, April 10th, 7:00 to 7:55 pm (first week of semester)
Thursday, April 17th, 7:00 to 7:55 pm (coincide with exam #1)
Thursday, May 1st, 7:00 to 7:55 pm (coincide with exam #2)
Thursday, May 8th, 7:00 to 7:55 pm (coincide with exam #3)
Thursday, May 22nd, 7:00 to 7:55 pm (coincide with exam #4)
Thursday, May 29th, 7:00 to 7:55 pm (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.
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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 -
Commentary -
Answer Key
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 (7 Feb 2025)
Here, we go! Check out our list of 10 stocks. All are very different companies. Down just a bit for the first week.
Snapshot (14 Feb 2025)
Hey, hey! We are up 1% already. Well done!
Snapshot (21 Feb 2025)
After Friday's shellacking, we are only down 1%. Not bad, Dear Students.
Snapshot (28 Feb 2025)
We bounced back to even! (Well, okay. We are down 0.31%.) Given the volatility, that's pretty darned good.
Snapshot (7 Mar 2025)
Ugly week, thanks to Agent Orange and President Musk. Down over 3%. Pooh.
Snapshot (14 Mar 2025)
Even uglier week. Thanks to Agent Orange, we are down 6 1/2%. Can you say Global Trade War? Sure you can! Everyone's a Loser!
Snapshot (21 Mar 2025)
Still down over 6%. Everybody underwater except for John Deere and Waste Management, two boring companies.
Snapshot (28 Mar 2025)
Whoa! We are lucky to only be down 7%. (Waste Management is still above water. Somebody gotta' pick up the trash!)
Bibliography - Books to Read (Eventually) -
Commentary
Sixteen Rules for Success
According to Sir John Templeton (We will see him in chapter 6.)
The World is Global
This is Rob Lovelace, one of the grandsons of Jonathan Bell Lovelace, the founder of Capital Group / American Funds.
Visualizing the World Economy, December 2024
August 2023
December 2022
December 2021
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.
Wise Advice from Mike Gitlin, President & CEO, Capital Group / American Funds
- Full interview
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
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.
Typical speculators, aka traders
It's stressful!
Typical investors
Wouldn't you really rather be an investor?
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!
Whoa! 66% per year since 1988!
This Porter Stansberry guy has been scamming for over 20 years! At 66% per year, $100 would have become $8,392,496,512 by December 2023. Sure, buddy.
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
Short-term Securities Examples:
Video -
Audio
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, 2024
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
2024 Example:
Annual Report (new format) -
Portfolio Holdings
2023 Example:
Fall 2023
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
Investopedia: An Introduction to Commercial Paper
Why Brokered CD's Offer Higher Rates
Investopedia's discussion of Brokered Certificates of Deposit
Bankrate.com/banking Popular Internet site for researching short-term investments
The Federal Reserve Bank and the Money Supply
How Does the Federal Reserve System Work
Kiplinger's Magazine discusses the goals and inner workings of the Federal Reserve Bank
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 54
The Relationship of Risk versus Return
Chapter 1 - Lecture 4 - Slides 55 to 73
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 54
The Relationship of Risk versus Return
Chapter 1 - Lecture 4 - Slides 55 to 73
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 54
The Relationship of Risk versus Return
Chapter 1 - Lecture 4 - Slides 55 to 73
Short-term Investments, A Place to Park Your Money
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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 -
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 original 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: 91 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
Assets Under Management Hypotheticals Using Simulated Index Funds
$500,000 paying a yearly 1.0% annual fee - 20 years
$500,000 paying a yearly 1.0% annual fee - 25 years
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 #5)
Vanguard Funds Performance
American Funds Performance
Fidelity Funds
Only shows 310 or so of Fidelity's over 500 mutual funds. Woman CEO!
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 -
Interview with CEO Michael Gitlin
Fidelity Funds Insights -
Viewpoints -
Ned Johnson on Wikipedia -
Interview with CEO Abigail Johnson
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
Creating Stock Alerts Using Google Bonus Assignment -
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
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
Even in hindsight, it is difficult to choose stocks
Ninety Years Ago (Lecture 3) -
Commentary -
Results
Don't Peek Until You Have Chosen a Company! Note: Amazon, NVUDIA, and Sherwin-Williams were added in 2024. Who was kicked out?
The Thirty Stocks in the Dow Jones Industrial Average
Internet Finance Web Sites (Assignments, Lecture #3)
Researching Stocks on the Internet 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
BigCharts Now owned by MarketWatch
Investopedia
Pretty good website (even though it is owned by the same folks who own Tinder)
The New York Times Markets Overview
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?!
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.
Stock Certificates
Disney -
Allied Signal -
Campbell Soup Company -
Commentary
Penny Stock and Other Stock Scams
What Are Penny Stocks
The Risks of Penny Stocks
DPER -- From $0.006 To $0.06 In Just 9 Days! (Lecture 5) -
Commentary Psst. DPER is gone! Last sold for $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
(Shared version of article good for 30 days from 4-February-2025)
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
Secretary Amasses a Fortune With 3 Shares
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 one of the companies that pay 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. This list 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.
The Newport Beach Public Library gives you online access to The Value Line for six months.
(Then you have to travel up to Newport Beach with a valid California ID to get a permanent account.)
Presentation:
Video -
Audio
Pretzels Unlimited Discounted Cash Flow Spreadsheet
(Lecture 3)
Pretzels Unlimited Presentation:
Video -
Audio
Valuation Worksheet 1 -
Commentary -
Answer Key
Jimba Jomba Jumba Juice Discounted Cash Flow Spreadsheet
Jimba Jomba Jumba Juice Presentation:
Video -
Audio
Valuation Worksheet 2 -
Commentary -
Answer Key
The Value Line: Johnson 'n' Johnson Spreadsheet
The Value Line Presentation:
Video -
Audio
Chapter 4 Formulas
Present Value Table (Needed for Discounted Cash Flow Model calculations)
Online Audio Lectures
Chapter 4 - Lecture 1 - Slides 1 to 5
Introduction to Valuation Models
Chapter 4 - Lecture 2 - Slides 6 to 20
Dividend Discount Models
Chapter 4 - Lecture 3 - Slides 21 to 36
Discounted Cash Flow Model
Chapter 4 - Lecture 4 - Slides 37 to 49
The Value Line: A Sip from the Financial Firehose
Online Audio/Video Lectures (Closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 5
Introduction to Valuation Models
Chapter 4 - Lecture 2 - Slides 6 to 20
Dividend Discount Models
Chapter 4 - Lecture 3 - Slides 21 to 36
Discounted Cash Flow Model
Chapter 4 - Lecture 4 - Slides 37 to 49
The Value Line: A Sip from the Financial Firehose
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 5
Introduction to Valuation Models
Chapter 4 - Lecture 2 - Slides 6 to 20
Dividend Discount Models
Chapter 4 - Lecture 3 - Slides 21 to 36
Discounted Cash Flow Model
Chapter 4 - Lecture 4 - Slides 37 to 49
The Value Line: A Sip from the Financial Firehose
|
Chapter 5:
Fundmental
Analysis:
Financial
Statements
and
Ratio
Analysis
|
Chapter 5: Fundamental Analysis: Financial Statements and Ratio Analysis
Chapter 5 in textbook on LibreTexts.org
Presentation file
Study Guide
Financial Ratios Assignment -
Commentary
Financial Ratios Formulas
Financial Statements
Sprouts Balance Sheet
Sprouts Income Statement
Sprouts Cash Flow Statement aka Statement of Cash Flows
SEC Edgar
Search for Company Annual and Quarterly Filings
All publicly traded companies are required to file their financial statements here
Online Audio Lectures
Chapter 5 - Lecture 1 - Slides 1 to 20 Financial Statements & Ratio Analysis
Chapter 5 - Lecture 2 - Slides 21 to 41 More Ratio Analysis
Online Audio/Video Lectures
Chapter 5 - Lecture 1 - Slides 1 to 20 Financial Statements & Ratio Analysis
Chapter 5 - Lecture 2 - Slides 21 to 41 More Ratio Analysis
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 5 - Lecture 1 - Slides 1 to 20 Financial Statements & Ratio Analysis
Chapter 5 - Lecture 2 - Slides 21 to 41 More Ratio Analysis
|
Chapter 6:
Efficient
Market
Theory:
"Who Can
Beat the
Market?"
|
Chapter 6: Market Efficiency Theory: "Who Can Beat the Market?"
Chapter 6 in textbook on LibreTexts.org
Presentation file
Study Guide
Assignment -
Commentary
The New York Times says that women are better investors than men -
Free link for 30 days after 24 February 2025.
And CNN agrees that women are better investors than men.
Ten Cognitive Biases that can lead to investment mistakes
Hamish Douglass of the Magellan Group
Wise advice: Do the opposite of what everyone else is doing! The 2000's were a rough decade for investors.
Five Largest Financial Bubbles in History
As told by Investomedia
Someone who was involved in the dot-com bubble describes the current kleptocurrency bubble. (Oops! Now they want you to pay.)
Henry Blodget was one of the most influential Internet analysts of the late 1990's.
Politics and the Markets
"Poli-" means "many" and "-tics" are blood sucking insects.
Which Political Party Has Been Good for the Stock Market?
Both! Democrats hold a slight advantage over Republicans.
Republicans don't like it when you tell the truth about energy
Blackrock counters that we have to concern ourselves with our clients, not your MAGA politics.
Blackrock to no longer use the term "ESG"
The term has been weaponized to gin up the right-wing outrage machine.
Wisdom from some of the All Stars of Investing
Sir John Templeton buys at the onset of World War II
Would you have his level of courage and conviction?
The Psychology of Human Misjudgment
Charlie Munger's treatise on why we shoot ourselves in the foot.
Six Lessons for Investors
From Thinking Fast and Slow by Daniel Kahneman. Read it!
Online Audio Lectures
Chapter 6 - Lecture 1 - Slides 1 to 13 Market Efficiency Theory: "Who Can Beat the Market?"
Chapter 6 - Lecture 2 - Slides 14 to 33 Investor Psychology, Active vs Passive Revisited, All Stars, and Famous Myths and Stupid Sayings
Online Audio/Video Lectures
Chapter 6 - Lecture 1 - Slides 1 to 13 Market Efficiency Theory: "Who Can Beat the Market?"
Chapter 6 - Lecture 2 - Slides 14 to 33 Investor Psychology, Active vs Passive Revisited, All Stars, and Famous Myths and Stupid Sayings
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 6 - Lecture 1 - Slides 1 to 13 Market Efficiency Theory: "Who Can Beat the Market?"
Chapter 6 - Lecture 2 - Slides 14 to 33 Investor Psychology, Active vs Passive Revisited, All Stars, and Famous Myths and Stupid Sayings
|
Chapter 7:
Technical
Analysis:
Reading
Squiggles
on a
Computer
Screen
|
Chapter 7: Technical Analysis: Reading Squiggles on a Computer Screen
Chapter 7 in textbook on LibreTexts.org
Presentation file
Study Guide
Optional Bonus Assignment -
Commentary
Technical Analysis Presentation:
Video -
Audio
(Use for bonus assignment)
Random Charts Spreadsheet (Press [F9] repeatedly.) -
Commentary
Who wants to be a Trader/Speculator?
Learn to be a trader in 3 days!
Special price! Only $1,495!
Traders Boot Camp!
Only $6,900 -- That's $1,000 off the regular price!
The Last Resistance Level Before a Major S&P 500 Breakout
Example of a Technical Analyst telling you that the market could go up or down.
Bearish Engulfing Pattern!
Kiplinger is not impressed.
But then Kiplinger says, "Well, maybe Technical Analysis ain't all that bad."
(Don't believe them!)
Warrior Trading Three levels of suckers, ah, I mean traders!
FinViz.com A former student tells me he uses this website to help with his technical analysis. The management assumes no responsibility.
Please stay long-term oriented with high-quality investments
$15,500 to $1,000,000 to $7,000
Oh, well. It was nice while it lasted.
Don't Panic!
Yet another example of investors selling at the bottom.
"The investor's chief problem, and even his worst enemy, is likely to be himself." -- Benjamin Graham
Buy High, Sell Low? Sure, why not?!
NOVA Documentary: Betting on the Market - 1997
Watch for the couple from New York who put everything into AMLN. Starts around 27 minutes.
AMLN - Amylin Pharmaceuticals
The next year, AMLN quickly lost over 95% of its value.
Series 7 Stockbroker Exam Specifications
FINRA (Financial Industry Regulatory Authority)
Securities Industry Essentials: New Exam Coming!
FINRA wants to make it easier for you to enter the industry
Securities Industry Essentials: It's Here!
The SIE, Securities Industry Essentials, exam is now available
Securities Industry Essentials: Content Outline
Here is the content outline -- much of what it is in BUS-123, Introduction to Investments!
Securities Industry Essentials: Practice Exam
Cool! FINRA is offering a free practice exam. (Notice they showcase a woman on the webpage. We need more women in the industry!)
Online Audio Lectures
Chapter 7 - Lecture 1 - Slides 1 to 24
Technical Analysis: Reading Squiggles on a Screen
Online Audio/Video Lectures
Chapter 7 - Lecture 1 - Slides 1 to 24
Technical Analysis: Reading Squiggles on a Screen
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 7 - Lecture 1 - Slides 1 to 24
Technical Analysis: Reading Squiggles on a Screen
|
Part 3: Bonds, also known as Fixed Investments or Fixed Income Investments |
Chapter 8:
Introduction
to Bonds
|
Chapter 8: Introduction to Bonds
Chapter 8 in textbook on LibreTexts.org
Presentation file
Study Guide
Assignment -
Commentary
The difference between bills, notes, and bonds
Picky, picky, picky.
Bond Quote Sources
FINRA bond search page
This is the new and improved bond search page. That is a nice way of saying that it is harder to use.
Presentation:
Video -
Audio
Composite Rates
Composite Bonds Rates from Fidelity
Can be used for question #4 of assignment.
Wall Street Journal Bond Rates
Also shows yield curve which we discuss in chapter 9.
Federal Reserve Bank of St. Louis Bond Research Web Site
Great resource for researching about bonds in aggregate (but no individual bond quotes).
What should we do with Fannie Mae and Freddie Mac?
We are still trying to decide what to do with Fannie Mae and Freddie Mac
Here is an explanation of how they currently are working and an incremental change that may or may not help.
When Will Government Control of Freddie Mac and Fannie Mae End?
Dramatization of how some folks were able to bet against the mortgage market before the Global Financial Crisis
Video clip from The Big Short
"What could possibly go wrong?!" Plenty!
Bond Quote Examples
Ford: Mar 09 -
Oct 09 -
Jun 10 -
Oct 10 -
Mar 13 -
Oct 14 -
Oct 17 -
Apr 18 -
Oct 18 -
Apr 20 -
Apr 21 -
Apr 22 -
Apr 23 -
Apr 24 -
Mar 25
Presentation: Video -
Audio
Muni Bonds - Poway: Feb 09 -
Jun 10 -
Oct 10 -
Mar 11 -
Oct 11 -
Mar 12 -
Oct 12 -
Mar 15 -
Oct 18 -
Apr 20 -
Apr 21 -
Oct 21 -
Apr 22 -
Apr 23 -
Apr 24 -
Mar 25
Presentation: Video -
Audio
More Muni Bonds Quote Examples:
Gardena (Mar 2009) -
Puerto Rico (Mar 2012) -
City of Carlsbad (Dec 2011) -
Medical Establishments (Mar 2015) -
Lake Elsinore and Washington Township, July 2016
Advanta: May 09 -
Video -
Audio -
Sure 'nuff! They went under!
Yet another example of the eternal tug o' war between risk and return
Bearer Bond Images
From a time when bonds had "coupons" attached to them.
Can anyone predict future interest rates? Doesn't seem so.
Online Audio Lectures
Chapter 8 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates
Chapter 8 - Lecture 2 - Slides 25 to 42 Types of Bonds, Bond Ratings
Online Audio/Video Lectures
Chapter 8 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates
Chapter 8 - Lecture 2 - Slides 25 to 42 Types of Bonds, Bond Ratings
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 8 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates
Chapter 8 - Lecture 2 - Slides 25 to 42 Types of Bonds, Bond Ratings
|
Chapter 9:
Bond
Yields
and
Valuations
|
Chapter 9: Bond Yields and Valuations
Chapter 9 in textbook on LibreTexts.org
Presentation file
Study Guide
Bond Valuation Assignment -
Commentary
Bond Valuation Worksheet #1 -
Commentary -
Answer Key
Bond Valuation Worksheet #2 -
Commentary -
Answer Key
Bond Valuation Worksheet #3 -
Commentary -
Answer Key
Bond Valuation Formulas
Present Value Tables
The Bond Yield Curve and Composite Rates
Bond Yield Curve from GuruFocus.com
Treasury bonds yield curve
Bond Yield Curve from Wall Street Journal
Also uses Treasury bonds to show yield curve
Composite Bonds Rates from Fidelity
Online Audio Lectures
Chapter 9 - Lecture 1 - Slides 1 to 19
Bond Yield Calculations
Chapter 9 - Lecture 2 - Slides 20 to 41
The Yield Curve, Bond Valuation
Online Audio/Video Lectures
Chapter 9 - Lecture 1 - Slides 1 to 19
Bond Yield Calculations
Chapter 9 - Lecture 2 - Slides 20 to 41
The Yield Curve, Bond Valuation
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 9 - Lecture 1 - Slides 1 to 19
Bond Yield Calculations
Chapter 9 - Lecture 2 - Slides 20 to 41
The Yield Curve, Bond Valuation
|
Chapter 10:
Hybrid
Securities:
Preferred
Stocks and
Convertible
Securities
|
Chapter 10: Hybrid Securities: Preferred Stocks and Convertible Securities
Chapter 10 in textbook on LibreTexts.org
Presentation file
Study Guide
Convertible Securities Assignment -
Commentary
Convertible Securities Worksheet -
Commentary -
Answer Key
The Three Questions on Exam #4 about Hybrid Securities
Preferred Stock Example -- Innovative Industrial Properties
Common Stock (IIPR) -
Preferred Stock (IIPR-A) -
Investor FAQ on their website
Online Audio Lectures
Chapter 10 - Lecture 1 - Slides 1 to 16
Preferred Stock & Convertible Securities
Online Audio/Video Lectures
Chapter 10 - Lecture 1 - Slides 1 to 16
Preferred Stock & Convertible Securities
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 10 - Lecture 1 - Slides 1 to 16
Preferred Stock & Convertible Securities
|
Part 4: Portfolio |
Chapter 11:
Portfolio
Diversification
and Asset
Allocation
|
Chapter 11: Portfolio Diversification and Asset Allocation
Chapter 11 in textbook on LibreTexts.org
Presentation file
Study Guide
Assignment -
Commentary
Investing in Retirement -- The Distribution Phase
Bonds in Retirement versus
Stocks in Retirement versus
Stocks and Bonds in Retirement versus
Balanced in Retirement &nbap;versus
Stocks and Bonds in Retirement Automatically Rebalanced versus
Presentation: Video -
Audio
Typical "Glide Paths" for Target Retirement Date Mutual Funds
Vanguard
Capital Group
Capital now has a slick interactive glide path.
T. Rowe Price
T. Rowe Price has "enhanced" their glide path.
Fidelity
Thrift Savings Plan
Taken from a resource other than the TSP.gov website. (Scroll down.)
The Argument for a Balanced Approach - As Fidelity Investments Sees It
Why Diversification Matters -
Video -
Audio
Fidelity's take on diversification
The Standard and Poors 500 Index Revisited
The S&P 500 versus the S&P 50?
Is the S&P 500 really a broadly-based, well-diversified index when 56% of the return comes from 50 companies?
Bonus Assignment: Index Funds and Diversification -
Commentary -
Anybody wanna' go back and redo (or do) the Bonus Assignment for chapter 2? Very illuminating!
Online Audio Lectures
Chapter 11 - Lecture 1 - Slides 1 to 27
Diversification and Risky Asset Allocation
Online Audio/Video Lectures
Chapter 11 - Lecture 1 - Slides 1 to 27
Diversification and Risky Asset Allocation
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 11 - Lecture 1 - Slides 1 to 27
Diversification and Risky Asset Allocation
|
Part 5: Speculating, also known as Trading, better described as Gambling |
Chapter 12:
Options
Contracts
|
Chapter 12: Options Contracts
Chapter 12 in textbook on LibreTexts.org
Presentation file
Study Guide
Bonus Assignment -
Commentary
Options Notes Sheet
Options Worksheet -
Commentary -
Answer Key
Untold Riches Can Be Yours Gambling, uh, I mean, Investing in Options!
Online Trading Academy, 7 Days, 42 Hours, Only $7,495!
That's only $178.45 per hour -- what a deal! You will spend more in one hour than this entire 3-unit class. Must be worth it!
The Day Trading Academy
This one is only $2,997! Hurray! They need new suckers ... uh, I mean, traders!
Ooops! Optionetics is now Tom's Trading Room
We referred to Optionetics in the presentation. This world changes quickly.
TradeWins.com
These folks have got to be seen to be believed! Chuck and Wendy and Bubba want to learn ya' good! Scroll down.
Wait! Wait! Jim tells you why he buys options!
Update: He no longer trades options...
Stay Away From Options!
Trader believes he has no risk options position, then promptly loses 2,000% on the transaction
"I have no money at risk."
20-year-old trader takes own life after racking up $700,000 debt selling options
How could Robinhood allow this young man to have this much leverage/exposure?
He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Another example of the dangers of derivatives. He used instruments similar to options but even more radioactive.
Bloomberg's take on Bill Hwang and Archegos Capital's spectacular failure
The Mysterious Demise of a $1.7 Billion Mutual Fund
Wait a minute! Mutual funds are not supposed to be using derivatives!
Employee Stock Options
Empoyee Exercises Options Before Company Goes Public - Potentially Loses $100,000
And he took out a loan to buy the shares! Don't do this at home, Folks.
Online Audio Lectures
Chapter 12 - Lecture 1 - Slides 1 to 16
Options Contracts; Calls and Puts
Chapter 12 - Lecture 2 - Slides 17 to 30
Options Characteristics; The Break-even Point
Chapter 12 - Lecture 3 - Slides 31 to 42
Options Strategies; Covered Calls and Naked Puts
Chapter 12 - Lecture 4 - Slides 43 to 52
Employee Stock Options; Final Comments
Online Audio/Video Lectures
Chapter 12 - Lecture 1 - Slides 1 to 16
Options Contracts; Calls and Puts
Chapter 12 - Lecture 2 - Slides 17 to 30
Options Characteristics; The Break-even Point
Chapter 12 - Lecture 3 - Slides 31 to 42
Options Strategies; Covered Calls and Naked Puts
Chapter 12 - Lecture 3 - Slides 43 to 52
Employee Stock Options; Final Comments
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 12 - Lecture 1 - Slides 1 to 16
Options Contracts; Calls and Puts
Chapter 12 - Lecture 2 - Slides 17 to 30
Options Characteristics; The Break-even Point
Chapter 12 - Lecture 2 - Slides 31 to 42
Options Strategies; Covered Calls and Naked Puts
Chapter 12 - Lecture 3 - Slides 43 to 52
Employee Stock Options; Final Comments
|
Chapter 13:
Futures
Contracts
|
Chapter 13: Futures Contracts
Chapter 13 in textbook on LibreTexts.org
Presentation file
Study Guide No assignment for chapter 13
Foreign currency trading is easy - an easy way to lose money
Los Angeles Times
Online Audio Lectures
Chapter 13 - Lecture 1 - Slides 1 to 14
Futures Contracts
Online Audio/Video Lectures
Chapter 13 - Lecture 1 - Slides 1 to 14
Futures Contracts
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 13 - Lecture 1 - Slides 1 to 14
Futures Contracts
|
Chapter 14:
Buying on
Margin
and
Selling
Short
|
Chapter 14: Buying on Margin and Selling Short
Chapter 14 in textbook on LibreTexts.org
Presentation file
Study Guide No assignment for chapter 14
Margin and Shorting Worksheet -
Commentary -
Answer Key
Selling short aka short selling, shorting, going short
Investopedia explains short selling Don't do it! Don't sell short! It is just too risky!
Help! My short position got crushed and now I owe E-Trade $106,445.56!
Peter Lynch says, "Never short a stock." This guy had to learn the hard way.
The First Short Sale
And it does not end well for the guy who did it...
Are there any honest stockbrokers? Be careful out there! Get a good referral.
This guy makes me sick He stole from his client who had been behind bars for decades.
Don't Bet on the Market
NOVA: Betting on the Market
1996/1997 discussion of the late 1990's market euphoria.
AMLN's stock price history
Go to minute 27:15 of the video and listen to one investor's idea of thorough stock research.
Online Audio Lectures
Chapter 14 - Lecture 1 - Slides 1 to 17
Buying on Margin (It is risky!)
Chapter 14 - Lecture 2 - Slides 18 to 34
Selling Short (Don't do it! It is even more dangerous than buying on margining!)
Online Audio/Video Lectures
Chapter 14 - Lecture 1 - Slides 1 to 17
Buying on Margin (It is risky!)
Chapter 14 - Lecture 2 - Slides 18 to 34
Selling Short (Don't do it! It is even more dangerous than buying on margin!)
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 14 - Lecture 1 - Slides 1 to 17
Buying on Margin (It is risky!)
Chapter 14 - Lecture 2 - Slides 18 to 34
Selling Short (Don't do it! It is even more dangerous than margining!)
|
Chapter 15:
Precious
Metals,
Art, and
Collectibles
|
Chapter 15: Precious Metals, Art, and Collectibles
Chapter 15 in textbook on LibreTexts.org
Presentation No assignment
The only question on the final exam from this presentation will ask you if you should just stay away from gold, precious metals, collectibles, art, etc. The answer is, "Yes!"
Why gold is a bad investment
A Couple Stored IRA Gold in Their Home
They now owe the IRS $300,000
They thought they had invested in gold.
Ooops! Where's the gold?
Thrift Store Painting Worth Quarter Million
Sure, it happens. But don't count on it happening to you, okay?
Online Audio Lectures
Chapter 15 - Lecture 1 - Slides 1 to 7 Precious Metals, Art, and Collectibles
Online Audio/Video Lectures
Chapter 15 - Lecture 1 - Slides 1 to 7 Precious Metals, Art, and Collectibles
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 15 - Lecture 1 - Slides 1 to 7 Precious Metals, Art, and Collectibles
|
Chapter 16:
Cryptocurrencies
and NFTs
|
Chapter 16: Cryptocurrencies and NFTs
Chapter 16 in textbook on LibreTexts.org
Presentation No assignment
No questions on the final exam from this presentation.
Google search of "cryptocurrency"
Only 606,000,000 hits ...
Unregulated! Promises of Riches! This is exactly what we should expect.
Crypto Scams | Trafficked with Mariana Van Zeller | National Geographic
Just one of many examples of hanky-panky
Crytocurrency scams
Only 8?!
Squid Cryptocurrency Collapses as Founders Steal Millions
Judge says crypto exchange owns customers' deposits
"Regulation? We don't need no stinkin' regulation!"
What is it worth? What is the intrinsic value?
Value investor discusses his reasons for not owning kleptocurrencies
Online Audio Lectures
Chapter 16 - Lecture 1 - Slides 1 to 11 Cryptocurrencies and NFTs
Online Audio/Video Lectures
Chapter 16 - Lecture 1 - Slides 1 to 11 Cryptocurrencies and NFTs
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 16 - Lecture 1 - Slides 1 to 11 Cryptocurrencies and NFTs
|
Chapter 17:
Real Estate
and
Real Estate
Investments
Trusts
(REITs)
|
Chapter 17: Real Estate and Real Estate Investment Trusts (REITs)
Chapter 17 in textbook on LibreTexts.org
Presentation file
Study Guide No assignment
Worksheet -
Commentary -
Answer Key
This scam artist ... uh, I mean, reality show star wants to teach you how to flip real estate.
The cost for this training? Only $34,000!
Landlord's Nightmare (one of many)
Shared Appreciation Solicitation -
Commentary
This company will lend you money in exchange for sharing the appreciation of your home. Be Careful!
Online Audio Lectures
Chapter 17 - Lecture 1 - Slides 1 to 21 Real Estate and Real Estate Investment Trusts (REITs)
Online Audio/Video Lectures
Chapter 17 - Lecture 1 - Slides 1 to 21 Real Estate and Real Estate Investment Trusts (REITs)
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 17 - Lecture 1 - Slides 1 to 21 Real Estate and Real Estate Investment Trusts (REITs)
|
Chapter 18:
Retirement
Accounts,
Regular
Accounts,
and
Annuities
|
Chapter 18: Brokerages, Account Types, and Annuities
Chapter 18 in textbook on LibreTexts.org
Presentation file
Study Guide No assignment
Recommended Exercise Not an assignment! There is no assignment.
Robo-Brokerage Account
Fidelity Robotic Trading System
Let's revisit Fidelity Robo-Advisor. Would you want to have your brokerage firm do this for you?
Presentation:
Video -
Audio
Annuities Never trust an insurance company with your investments!
What is an Annuity
Investopedia's lame definition of annuities (without all the downsides)
Confessions of an indexed annuity salesperson
There's a lot not to trust about annuities
You just gave your annuity agent a great vacation!
What's In It For the Annuity Salesperson! -
Commentary
Too good to be true?
It's probably an indexed annuity
Fisher Investments: Why I Hate Annuities
Here is a guy who has built an empire by trashing annuities
Fixed Income Annuity Illustration -
Video -
Audio -
TIAA.org Fixed Annuity Calculator
Compare this to the chapter 11 retirement scenarios. Ken Fisher is right. Annuities Suck!
Brokerage Firms Want Clients Who Gamble
The Big New Way to Get Rich
Business Insider article on how younger investors are gambling as their main investments strategy. (We wish them much luck. They will need it.)
Get a Good Referral!
All all brokers dishonest? -
No, but you need to get a good referral! -
(Link to free article for 30 days from 6-March-2025
Slime Bag Broker Rapes Elderly Client
And if I read the article correctly, he is only getting a 3-month suspension?! Portfolio turnover rate of 1,400%!?
Yet another slime bag broker who should go to jail
Instead is just barred from the industry. Big deal.
Interview with Charles Schwab
Online Audio Lectures
Chapter 18 - Lecture 1 - Slides 1 to 25 Brokerages, Account Types, and Annuities
Online Audio/Video Lectures
Chapter 18 - Lecture 1 - Slides 1 to 25 Brokerages, Account Types, and Annuities
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 18 - Lecture 1 - Slides 1 to 25 Brokerages, Account Types, and Annuities
|
Chapter 19:
Starting a
Business:
The Ultimate
Investment
|
Chapter 19: Starting a Business: The Ultimate Investment
Chapter 19 in textbook on LibreTexts.org
Presentation No assignment
No questions on the final exam from this presentation.
Score San Diego (Service Corps of Retired Executives)
Kiva
Accessity (formertly Accion San Diego)
Careful! Don't go to accionsandiego.com. It's a phishing site now.
South San Diego Small Business Development Center
Online Audio Lectures
Chapter 19 - Lecture 1 - Slides 1 to 5 Starting a Business: The Ultimate Investment
Online Audio/Video Lectures
Chapter 19 - Lecture 1 - Slides 1 to 5 Starting a Business: The Ultimate Investment
Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 19 - Lecture 1 - Slides 1 to 5 Starting a Business: The Ultimate Investment
|
