Carpe Diem

シンシナティ大学で都市計画を勉強していた、ある大学院生の物語。現在はマンハッタンで就活。

Investment Playbook

2018-12-02 15:37:33 | book, movie
1. Players in Financial Industry
Bank
- IMF
- National Bank:
- Commercial Bank
- Private Bank

Investment Company
- Stock Exchange
- Security
- Shadow Banking
- Hedge Fund
- Private Equity
- Investment Banks

Rating Company
-S&P
-Moody's
-Fitch
-Rassel

Security Insurance Company
-AIG
-MBIA
-AMBIC

Regulator
-SEC
-CFTC(Commodity Futures Trading Commission)

Investor
- CVC
- Angel
- Personal

2.Market Cycle
Inflation & Deflation
- Conditions
- Influence to financial products

Long-term Economic Cycle
- 1937
- 2008

Short-term Economic Cycle
- 1999 Tech bubble
- 2018: China crush

Production Increase
-phenomenon
-examples

Globalization
-correlation between economies
-impact on financial products

3.Types of Financial Products

By Asset Types
-Currency
a. US's dollar
b. China's RMB
c. Japan's yen

-Stock
a.Summary
b.Pros and Cons
c.Prices determined by:
d.Return/Risk Analysis
e.Case study for a several example

-Bond
-Commodity
-Real Estate
-Cryptocurrency

By Category
-Index Fund
-ETF (Stock, Bon, Crypto)
-ETN
-REITs
-CDO
-CDS
-Derivative


4.Investment Strategy

Portfolio
a.Modern Portfolio Theory
-concept
-performance
-case study

b. Portfolio by Return
-Conservative (Average annual return: 5%)
-Moderately Conservative
-Moderate
-Moderately Aggressive
-Aggressive (Average annual return: 10%)

Methods
a.Value Investing
-assessment of the price (equation)
-when to buy/sell
-case study of this methods

b.Technical Investment

Strategy
-Long/Short equity
-Equity multi strategy
-Macro
-Global Macro
-Quantitative - futures
-Quantitative - equity
-Statistical Arbitrage
-Market neutral
-Market neutral equity
-Commodities
-Event Driven
-Relative Value
-Systematic
-Multi strategy


5.Technology and Tools
Robo-Advisor
-what the robo does
-market performance

Big Data
-how big data play a role
-pros and cons (limitations)

Machine Learning
-type of Algorism (Sentimental Analysis, LSMT, and more)
-pros and cons (limitations)
-cyber security holes

Quantitative Finance
-Alpha
-Beta
-Sharpe Ratio
-Gumma

6.What, Where and How to Buy/Sell
5% AAR (Average Annual Return)
a.Portfolio Allocation
b.Investment Strategy
c.Trading Site to Buy/Sell
d.Time to Buy/Sell
e.Get Information
f.Return and Risk Analysis
g. Who Achieved This Return

10% AAR
20% AAR
50% AAR
100%+ AAR


7.Closing Thoughts


8. Q&A
-if governments have a huge dept, are we able to collect treasury bond without any risks?
-how does globalization play a role during the 2008 economic meltdown i.e. influences on other countries?
-what are definition of housing bubble? use "Index of Home Prices" to explain.
-when a country save companies from bailout using the taxes they collect, what does it affect to people's tax? i.e. is there any risks that their retirement fund is gone?
-if a company go bankrupt, then what would happen to the financial products people bought?
-how does short sell works?