An Annotated Guide and Almanac for Share and Property Investors at all Levels
by N E Renton (published by
Product disclosure statement, responsible entity, quadruple witching day, reverse mortgage, Ponzi scheme, Enronitis, oral ruling, corporate horoscope, CLERP, inverse yield curve, predatory pricing, Sarbanes-Oxley ... these are all expressions that investors might encounter in their reading. Nick Renton, the author of Understanding the Stock Exchange, Understanding Investment Property and many other books, has produced a new edition of his popular dictionary of investment terms and acronyms. This Dictionary and Almanac is an essential reference tool for Australian stock exchange and property investors at all levels, from beginners to professionals and from students to retired persons. It cuts through the jargon so often used by stockbrokers, estate agents, financial planners and the media. This new enlarged edition has been updated to the middle of 2008 and now contains about 3300 terms. Abbreviations - an area of great puzzlement to many investors - are also extensively covered. The dictionary now contains many terms not found in similar works - for example, "pump and dump", "stapled securities" and "trimmed mean". Presented in plain English, this book covers everything from family trusts to yield, from imputation to monetary policy and from securitisation to capital gains tax. It explains a wide selection of investment, economic, accounting, taxation, legal and mining terms in common use. Some important topical concepts are dealt with at greater length - for example, guarantees, stock exchange indices, margin lending, derivatives and the return on equity. The book also includes many useful statistics and the ASX codes of all 2200 listed companies. This book will also be welcomed by persons puzzled by jargon, such as those who find themselves confused when told to put their ETP into a DIY fund with a high IRR because it holds CUFS, CHF and CMBS in order to outperform the DJIA. The book is very suitable for investors who do not know the difference between a green shoe and a black box. Maurice Newman, the chairman of the Australian Securities Exchange, says of the work in his foreword: "I am sure it will provide a useful reference for all those investors who want to demystify the jargon and understand the terminology." On a lighter note, the book features some fascinating "definitions from hell" and also two specially written pieces on old scrip as collectors' items and the use of metaphors by investors. 492 pages 9781920910907 RRP $A36.95 |
Review by Binay Srivastava
This book is a welcome initiative and an intelligent guide to stock market investment. The author helps explain the intricacies of stock market operations and the important role it can play in people's long-term investment plans.
This book is singularly important at a time when everyone is being encouraged to take more responsibility for his financial future and it is more important than ever to be better informed when making investment decisions.
It is "... an excellent text ... highly interesting and entertaining ... subtle, sophisticated and rigorous ... In short, even for the successful stock market investor, the percentage returns from buying this book are likely to make it one of the best investments in his portfolio!"
This 300-page comprehensive guide to the theory and practice of stock market investment, mutual funds, derivatives, etc., explains in a clear style the various jargon terms and terminology used, techniques, risks and potential rewards of stock market investment. It contains about 3300 terms including many abbreviations - an area of great puzzlement to many investors.
Terms such as "equity", "guaranteed", "value", "stock exchange index", "margin lending", "derivatives", "investment banking", "leasing websites", etc., have been thoroughly explained so as to cut through the jargon often used by stockbrokers, estate agents, financial planners and the media.
Written by Nick Renton, a leading world authority on practice of actuarial studies, it provides the reader with a sophisticated synthesis of current investment knowledge, drawn both from the latest academic research and the professional investment world.
Avoiding simplistic and unrealistic formulae to success, this book gives a balanced assessment of the various approaches to investment and thorough understanding of the way in which the stock market works. It will enable readers to take control of their own financial future.
The new edition contains many terms not found in similar works. It will serve as an essential reference tool for stock and property investors at all levels, from beginners to professionals and from students to retired persons.
IS ANYTHING PUZZLING YOU?
The author would welcome a short e-mail from you with suggestions for additional terms to be included in the next edition.
Questions and Answers about investment terms and acronyms are to be featured on this site. Users are accordingly invited to send Nick Renton pertinent questions dealing with words not included or with definitions, if any, which might be regarded as inadequate.
Renton's Metaphors an entertaining dictionary
Compendium of Good Writing a useful style manual