Part 1: |
Syllabus: BUS-123-01 Tuesday/Thursday - Audio commentary will be created during Lecture 1 on January 29th You could also listen to the Audio Commentary for the Online Classes Syllabus. It is almost exactly the same. BUS-123-501 & 502 Online - Audio Commentary of Online Class Syllabus - Long Format Long format in Canvas Your Humble Professor Introduces Himself Your Humble Professor Introduces Himself (CC) Your Humble Professor Introduces Himself with just audio A Guided Tour of the class website - Video (CC) - Audio Uh, it's what yer lookin' at right now. Videos on Apple iTunesU You must install and use iTunes to view videos on iTunes University. |
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Chapter 1 and Notes:
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Chapter 1 Materials Presentation Every chapter has a presentation that can be read with Powerpoint, Open Office, Libre Office, or Google Docs Study Guide - Video - Video (CC) - 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 Boards Assignment (Online students only) - Commentary Add your picture to the discussion boards! We want to see your smiling face! Security? But I'm not an Administration of Justice Major! No, not that type of security Security Types Matching Handout - Answer Key Memorize for exam! You must know these! Investopedia: What is a Security? Sample Portfolio Class Project - Commentary Snapshot (8 Feb 2019) We are off to a great start! (Except for the marijuana stock that someone recommended ...) Snapshot (15 Feb 2019) What an awesome class! We are off to the races - up 7%! Snapshot (22 Feb 2019) Wow! We are now up over 10%! You guys are AWESOME! Snapshot (1 Mar 2019) Yet another banner week. We are up over 11%! Snapshot (8 Mar 2019) Not bad. We only dropped less than 2% after this week's sell off. Well done! Snapshot (18 Mar 2019) Hurray! Back up to over 11%! What a class! Snapshot (26 Mar 2019) Still up 10% even after last week's sell off. You folks are AWESOME! Snapshot (4 Apr 2019) Up over 12%! What a class! "Recession? What recession?!" Snapshot (12 Apr 2019) Whoa! We are up over 16%! Best class ever! (It's been PG&E, Folks.) Snapshot (22 Apr 2019) Another Whoa! Up over 20%! The class decided to sell the marijuana stock and buy Vail Resorts. Snapshot (26 Apr 2019) 22%! What a class! Snapshot (3 May 2019) We have come down just a bit but still this is the best class ever! Snapshot (10 May 2019) Aye! Trade wars are not good nor are they easy to win. Would someone please tell the con man in the White House this simple fact? Snapshot (17 May 2019) Up over 13% in just one semester! Well done! (Would have been a whole lot better without the trade war...) Books to Read (Eventually) - Commentary Future Value Worksheet - Commentary - Answer Key Future Value Tables Turn $33,000 into $7,000,000 in just 2 years! - Rates of Return - Commentary Short-term Securities Investments Short-term Securities Examples - Video - Video (CC) - Audio 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 Popular Internet site for researching short-term investments Online Audio Lectures Chapter 1, Notes - Lecture 1 - Slides 1 to 14 Introduction: What is an Investment? Chapter 1, Notes - Lecture 2 - Slides 15 to 34 An Overview of the Investment Universe Chapter 1, 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 Chapter 1, Notes - Lecture 4 - Slides 55 to 73 Short-term Investments Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 1, Notes - Lecture 1 - Slides 1 to 14 Introduction: What is an Investment? Chapter 1, Notes - Lecture 2 - Slides 15 to 34 An Overview of the Investment Universe Chapter 1, 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 Chapter 1, Notes - Lecture 4 - Slides 55 to 73 Short-term Investments Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 1, Notes - Lecture 1 - Slides 1 to 14 Introduction: What is an Investment? Chapter 1, Notes - Lecture 2 - Slides 15 to 34 An Overview of the Investment Universe Chapter 1, 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 Chapter 1, Notes - Lecture 4 - Slides 55 to 73 Short-term Investments Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 1, Notes - Lecture 1 - Slides 1 to 14 Introduction: What is an Investment? Chapter 1, Notes - Lecture 2 - Slides 15 to 34 An Overview of the Investment Universe Chapter 1, 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 Chapter 1, Notes - Lecture 4 - Slides 55 to 73 Short-term Investments Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 29 Jan Introduction: What is an Investment? TueThur Lecture 2 Audio -- 31 Jan An Overview of the Investment Universe and a Brief History of Risk and Return TueThur Lecture 3 Audio -- 5 Feb Short-term Investments; Sample Portfolio |
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Chapter 4:
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Chapter 4 Materials Presentation 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 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 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... Mutual Funds Used in Lecture #2 AB Large Cap Growth Fund Formerly Alliance Large Cap Growth Fund New Economy Fund Legg Mason Value Trust Now called Clearbridge Value Trust Vanguard 500 Index Fund Fidelity 500 Index Fund Careful! Fidelity disables your [Back] button Mutual Fund Types Scramble Sheet (Online lecture 3) - Commentary A Sample Mutual Fund (Online lecture 4 - Just one of over 11,000!) ICA Prospectus: Full - Summary - Commentary ICA: 85 Years of Investing - Commentary: 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 $1,000 per month for 20 years Commentary: 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 Woman CEO! Dodge and Cox Funds T. Rowe Price Funds Franklin Templeton Funds Choose fund and then find [Documents] - Woman CEO! Top Ten Mutual Fund Companies by Assets Investment News, John Waggoner, Sep 2017 - Careful: Different sources have different results The Top Three Have Earned Their Stature At least, according to Morningstar.com 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 - Insight Papers 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 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 Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 7 Feb Introduction to Mutual Funds, Mutual Fund Fees TueThur Lecture 2 Audio -- 12 Feb Finish Mutual Fund Fees, Types of Mutual Funds TueThur Lecture 3 Audio -- 14 Feb Fund Families, A Sample Mutual Fund TueThur Lecture 4 Audio -- 19 Feb A Sample Mutual Fund (continued), Hypothetical Illustrations, Case Studies |
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Part 2: Stocks (a.k.a. Equities) |
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Chapter 5 and
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Chapter 5 Materials Presentation Study Guide Assignment Stock Markets Assignment - Commentary Earnings Call Assignment - Commentary Market Simulation Handout Presentation (Chaos in the Classroom!): Video - Video (CC) - Audio Internet Finance Web Sites (Assignments, Audio lecture 2) Presentation: Video - Video (CC) - Audio Yahoo Finance Yahoo Finance was the best free finance site. Now it is really bad. What is going on at Yahoo? E-mail to and response from the CEO of Verizon Verizon is buying Yahoo. The CEO answered me personally! Users sound off about newly-destroyed Yahoo Finance site Bloomberg Finance Marketwatch Wall Street Journal's free web site Google Finance Breaking News! Google Finance rolls out new version. Still kinda' lame. But at least it works! CNBC Investopedia Pretty good website (even though it is owned by the same folks who own Tinder) The New York Times Markets Overview FINRA - Financial Industry Regulatory Authority FINRA Investigate your broker and brokerage firm at FINRA's BrokerCheck 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! Ancillary Presentations Casas de Cambio - San Ysidro and Tijuana (Lecture 2) - Video - Video (CC) - Audio - Youtube Investopedia explains the bid-ask spread Eighty-Four 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 3) - Commentary - Answer Key Stocks Worksheet 2 - (Lectures 4 and 5) - Commentary - Answer Key Stocks Worksheet 3 - (Lecture 5) - 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 is a legitimate company on the OTC. They warned the investment community that they were being used by the penny stock scammers. More Penny Stock Scams 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.) IPO -- Initial Public Offering or It's Probably Overpriced? It's Probably Overpriced! Rigging the IPO Game Keep a long-term perspective History of Bear Markets - (Lecture 3) - Commentary Another History of Bear Markets What Past Market Declines Can Teach Us Don't Lose Perspective (Lecture 5) - Commentary BGFN, The Benjamin Graham Financial Network! - Commentary Books to Read about Stocks - Commentary (Same as Chapter 1) 96-Year-Old Secretary Quietly Amasses a Fortune Stocks can make you rich, Dear Students ... but it takes time 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 Capital Group, parent company of The American Funds, and other large financial firms and pension funds backed IEX 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. Warren Buffett and Berkshire Hathaway The History of Berkshire Hathaway Class B Shares Online Audio Lectures Chapter 5 - Lecture 1 - Slides 1 to 10 Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 5 - Lecture 2 - Slides 11 to 33 The Stock Markets (a.k.a. The Capital Markets) Chapter 5 - Lecture 3 - Slides 34 to 47 Stock Transactions, Transaction Costs, and Stock Quotes Chapter 5 - Lecture 4 - Slides 48 to 60 Market Averages and Indexes; Volatility Reexamined Chapter 5 - Lecture 4 - Slides 61 to 74 Stock Characteristics and Measurements Chapter 5 - Lecture 6 - Slides 75 to 85 Types of Stocks, Growth versus Value, and Market Capitalization Chapter 5 - Lecture 7 - Slides 86 to 93 Stock Investment Strategies Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 5 - Lecture 1 - Slides 1 to 10 Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 5 - Lecture 2 - Slides 11 to 33 The Stock Markets (a.k.a. The Capital Markets) Chapter 5 - Lecture 3 - Slides 34 to 47 Stock Transactions, Transaction Costs, and Stock Quotes Chapter 5 - Lecture 4 - Slides 48 to 60 Market Averages and Indexes; Volatility Reexamined Chapter 5 - Lecture 5 - Slides 61 to 74 Stock Characteristics and Measurements Chapter 5 - Lecture 6 - Slides 75 to 85 Types of Stocks, Growth versus Value, and Market Capitalization Chapter 5 - Lecture 7 - Slides 86 to 93 Stock Investment Strategies Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 5 - Lecture 1 - Slides 1 to 10 Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 5 - Lecture 2 - Slides 11 to 33 The Stock Markets (a.k.a. The Capital Markets) Chapter 5 - Lecture 3 - Slides 34 to 47 Stock Transactions, Transaction Costs, and Stock Quotes Chapter 5 - Lecture 4 - Slides 48 to 60 Market Averages and Indexes; Volatility Reexamined Chapter 5 - Lecture 5 - Slides 61 to 74 Stock Characteristics and Measurements Chapter 5 - Lecture 6 - Slides 75 to 85 Types of Stocks, Growth versus Value, and Market Capitalization Chapter 5 - Lecture 7 - Slides 86 to 93 Stock Investment Strategies Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 5 - Lecture 1 - Slides 1 to 10 Introduction to Stocks - Historical Returns - Advantages and Disadvantages Chapter 5 - Lecture 2 - Slides 11 to 33 The Stock Markets (a.k.a. The Capital Markets) Chapter 5 - Lecture 3 - Slides 34 to 47 Stock Transactions, Transaction Costs, and Stock Quotes Chapter 5 - Lecture 4 - Slides 48 to 60 Market Averages and Indexes; Volatility Reexamined Chapter 5 - Lecture 5 - Slides 61 to 74 Stock Characteristics and Measurements Chapter 5 - Lecture 6 - Slides 75 to 85 Types of Stocks, Growth versus Value, and Market Capitalization Chapter 5 - Lecture 7 - Slides 86 to 93 Stock Investment Strategies Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 26 Feb Introduction to Stocks, Historical Returns, Pros and Cons, The Stock Markets TueThur Lecture 2 Audio -- 28 Feb Stock Transactions and Fees; Black Monday - October 19, 1987 TueThur Lecture 3 Audio -- 7 Mar Finish Stock Transactions, Market Averages & Indexes, Stock Splits and Spinoffs TueThur Lecture 4 Audio -- 12 Mar Stock Characteristics including Dividends, Types of Stocks TueThur Lecture 5 Audio -- 14 Mar Investing Strategies Technical Difficulties! Please use online presentation #7 above. |
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Chapter 6:
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Chapter 6 Materials Presentation Study Guide Chapter 6 Assignment - Commentary Chapter 6 Bonus Assignment - Commentary Southwestern's Library now has The Value Line 600 The full 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 Pretzels Unlimited Discounted Cash Flow Spreadsheet (Lecture 2) Valuation Worksheet 1 - Commentary - Answer Key Jimba Jomba Jumba Juice Discounted Cash Flow Spreadsheet Valuation Worksheet 2 - Answer Key Chapter 6 Formulas Present Value Table (Needed for Dividend Discount Model calculations) Online Audio Lectures Chapter 6 - Lecture 1 - Slides 1 to 16 Introduction to Valuation Techniques, Price Ratio Models Chapter 6 - Lecture 2 - Slides 17 to 34 Dividend Discount Models Chapter 6 - Lecture 3 - Slides 35 to 56 Discounted Cash Flow Model, The Value Line Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 6 - Lecture 1 - Slides 1 to 16 Introduction to Valuation Techniques, Price Ratio Models Chapter 6 - Lecture 2 - Slides 17 to 34 Dividend Discount Models Chapter 6 - Lecture 3 - Slides 35 to 56 Discounted Cash Flow Model, The Value Line Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 6 - Lecture 1 - Slides 1 to 16 Introduction to Valuation Techniques, Price Ratio Models Chapter 6 - Lecture 2 - Slides 17 to 34 Dividend Discount Models Chapter 6 - Lecture 3 - Slides 35 to 56 Discounted Cash Flow Model, The Value Line Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 6 - Lecture 1 - Slides 1 to 16 Introduction to Valuation Techniques, Price Ratio Models Chapter 6 - Lecture 2 - Slides 17 to 34 Dividend Discount Models Chapter 6 - Lecture 3 - Slides 35 to 56 Discounted Cash Flow Model, The Value Line Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 14 Mar Introduction to Valuation Techniques Technical Difficulties! Please use online presentations #1 and #2 above. TueThur Lecture 2 Audio -- 19 Mar Dividend Discount Model, Discounted Cash Flow Model, The Value Line TueThur Lecture 3 Audio -- 21 Mar The Value Line; Worksheet #2 |
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Chapter 17:
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Chapter 17 Materials Presentation Study Guide Financial Ratios Assignment - Commentary Financial Ratios Formulas Financial Statements Ford Balance Sheet Ford Income Statement Ford Cash Flow Statement a.k.a. Statement of Cash Flows Online Audio Lectures Chapter 17 - Lecture 1 - Slides 1 to 19 Financial Statements & Ratio Analysis Chapter 17 - Lecture 2 - Slides 20 to 38 More Ratio Analysis Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 17 - Lecture 1 - Slides 1 to 19 Financial Statements & Ratio Analysis Chapter 17 - Lecture 2 - Slides 20 to 38 More Ratio Analysis Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 17 - Lecture 1 - Slides 1 to 19 Financial Statements & Ratio Analysis Chapter 17 - Lecture 2 - Slides 20 to 38 More Ratio Analysis Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 17 - Lecture 1 - Slides 1 to 19 Financial Statements & Ratio Analysis Chapter 17 - Lecture 2 - Slides 20 to 38 More Ratio Analysis Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 2 Apr Financial Statements & Ratio Analysis TueThur Lecture 2 Audio -- 4 Apr More Ratio Analysis Lecture continues with Chapter 7 below |
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Chapter 7:
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Chapter 7 Materials Presentation Study Guide Assignment - Commentary New York Times says that women are better investors than men! - And CNN agrees. Wise advice: Do the opposite of what everyone else is doing! The 2000's were a rough decade for investors. Politics & the Markets "Poli-" means "many" and "-tics" are blood sucking insects. Online Audio Lectures Chapter 7 - Lecture 1 - Slides 1 to 26 Stock Price Behavior & Market Efficiency Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 7 - Lecture 1 - Slides 1 to 26 Stock Price Behavior & Market Efficiency Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 7 - Lecture 1 - Slides 1 to 26 Stock Price Behavior & Market Efficiency Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 7 - Lecture 1 - Slides 1 to 26 Stock Price Behavior & Market Efficiency Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 4 Apr Stock Price Behavior & Market Efficiency |
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Chapter 8:
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Chapter 8 Materials Presentation Study Guide Optional Bonus Assignment - Commentary Technical Analysis Presentation: Video - Video (CC) - 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 Warrior Trading Three levels of suckers, ah, I mean traders! "The investor's chief problem, and even his worst enemy, is likely to be himself." -- Benjamin Graham Buy High, Sell Low? Sure, why not?! Frontline 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 -- very similar to BUS-123, Introduction to Investments! Online Audio Lectures Chapter 8 - Lecture 1 - Slides 1 to 29 Behavioral Finance & the Psychology of Investing Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 8 - Lecture 1 - Slides 1 to 29 Behavioral Finance & the Psychology of Investing Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 8 - Lecture 1 - Slides 1 to 29 Behavioral Finance & the Psychology of Investing Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 8 - Lecture 1 - Slides 1 to 29 Behavioral Finance & the Psychology of Investing Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 9 Apr Behavioral Finance & the Psychology of Investing, Technical Analysis, Case Study: Apple |
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Part 3: Bonds (a.k.a. Fixed, Fixed Income) |
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Chapter 9:
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Chapter 9 Materials Presentation Study Guide Assignment - Commentary Bond Quote Sources FINRA bond search page (Careful: Choose Corporate or Municipal for quick or advanced search.) FINRA bond home page Presentation: Video - Video (CC) - Audio Composite Rates Composite Bonds Rates from Fidelity Can be used for question #4 of assignment. Federal Reserve Bank of St. Louis Bond Research Web Site Great resource for researching about bonds in aggregate (but no individual bond quotes). Treasury and Various Other Bond Rates from New York Times Also shows yield curve which we discuss in chapter 10. 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. Bond Quote Examples Ford: Mar 09 - Oct 09 - Jun 10 - Oct 10 - Mar 13 - Oct 14 - Oct 17 - Apr 18 - Oct 18 - Apr 19 Presentation: Video - Video (CC) - Audio Muni Bonds - Poway: Feb 09 - Jun 10 - Oct 10 - Mar 11 - Oct 11 - Mar 12 - Oct 12 - Mar 15 - Oct 18 - Apr 19 Presentation: Video - Video (CC) - Audio More Muni Bonds Quote Examples: Puerto Rico - City of Carlsbad - Medical Establishments - 2015 March California Municipal Bond Quotes - Video - Video (CC) - Audio Los Angeles Times, 7 July 2016 Advanta: May 09 - Video - Video (CC) - 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 9 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates Chapter 9 - Lecture 2 - Slides 25 to 41 Types of Bonds, Bond Ratings Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 9 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates Chapter 9 - Lecture 2 - Slides 25 to 41 Types of Bonds, Bond Ratings Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 9 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates Chapter 9 - Lecture 2 - Slides 25 to 41 Types of Bonds, Bond Ratings Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 9 - Lecture 1 - Slides 1 to 24 Introduction to Bonds, Bonds & Interest Rates Chapter 9 - Lecture 2 - Slides 25 to 41 Types of Bonds, Bond Ratings Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 16 Apr Introduction to Bonds, Bonds & Interest Rates, Bond Ratings & Quotes TueThur Lecture 2 Audio -- 18 Apr Types of Bonds, Bond Ratings |
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Chapter 10:
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Chapter 10 Materials Presentation Study Guide Bond Valuation Assignment - Commentary Bond Valuation Worksheet #1 - Commentary - Answer Key Bond Valuation Worksheet #2 - Answer Key Bond Valuation Worksheet #3 - Answer Key Bond Valuation Formulas Present Value Tables Bond Calculator Spreadsheet - Video - Video (CC) - Audio (Lecture 2) The Bond Yield Curve and Composite Rates Bond Yield Curve from New York Times Treasury bonds yield curve and Treasury rates Morningstar Bond Yield Curve Yield curve graphic is toward the lower right of the page. Composite Bonds Rates from Fidelity Online Audio Lectures Chapter 10 - Lecture 1 - Slides 1 to 19 Bond Yield Calculations Chapter 10 - Lecture 2 - Slides 20 to 39 The Yield Curve, Bond Valuation Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 10 - Lecture 1 - Slides 1 to 19 Bond Yield Calculations Chapter 10 - Lecture 2 - Slides 20 to 39 The Yield Curve, Bond Valuation Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 10 - Lecture 1 - Slides 1 to 19 Bond Yield Calculations Chapter 10 - Lecture 2 - Slides 20 to 39 The Yield Curve, Bond Valuation Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 10 - Lecture 1 - Slides 1 to 19 Bond Yield Calculations Chapter 10 - Lecture 2 - Slides 20 to 39 The Yield Curve, Bond Valuation Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 18 Apr Bond Yield Calculations, Current Yield, Yield-to-Maturity TueThur Lecture 2 Audio -- 23 Apr Yield-to-Call, Yield Curve, Bond Valuation Calculations TueThur Lecture 3 Audio -- 30 Apr Review worksheet #2 and worksheet #3 for upcoming exam #4 |
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Chapter 18:
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Chapter 18 Materials Presentation Presentation (abbreviated) May use in face-to-face class if we are time constrained Study Guide Convertible Securities Assignment - Commentary Convertible Securities Worksheet - Commentary - Answer Key The Three Questions on Exam #4 about Hybrid Securities Online Audio Lectures Chapter 18 - Lecture 1 - Slides 1 to 17 Preferred Stock & Convertible Securities Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 18 - Lecture 1 - Slides 1 to 17 Preferred Stock & Convertible Securities Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 18 - Lecture 1 - Slides 1 to 17 Preferred Stock & Convertible Securities Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 18 - Lecture 1 - Slides 1 to 17 Preferred Stock & Convertible Securities Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio - 23 Apr Preferred Stock & Convertible Securities TueThur Lecture 2 Audio - 25 Apr Convertible Securities Worksheet |
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Part 4: Portfolio |
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Chapter 11:
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Chapter 11 Materials Presentation Study Guide Assignment - Commentary Bonds in Retirement versus Stocks in Retirement versus Stock Fund and Bond Fund versus Balanced in Retirement Presentation: Video - Video (CC) - Audio The Argument for a Balanced Approach - As Fidelity Investments Sees It Why Diversification Matters - Video - Video (CC) - 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? Online Audio Lectures Chapter 11 - Lecture 1 - Slides 1 to 27 Diversification and Risky Asset Allocation Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) 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 Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 11 - Lecture 1 - Slides 1 to 27 Diversification and Risky Asset Allocation Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio - 25 Apr Diversification and Asset Allocation; Review of Bond Calculations (Chapter 10 Worksheet #2) |
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Net Present Value and
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BUS-123-01 Face-to-face Class Presentation - Spreadsheet - Audio Lecture -- 30 May Additional Lecture: No Assignment! Not Going to Be On Any Exam! What you will see if and when you ever take an upper division or graduate level finance and investments class |
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Part 5: Options and Futures (Derivatives) |
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Chapter 15:
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Chapter 15 Materials Presentation Study Guide Bonus Assignment - Commentary Options Notes Sheet Options Worksheet - Commentary - Answer Key Options Chains (a.k.a. Quotes) Options Chains (a.k.a. Quotes) on Marketwatch.com and Yahoo Finance: Video - Video (CC) - Audio Johnson & Johnson Untold Riches Can Be Yours Gambling, uh, I mean, Investing in Options! Online Trading Academy, 5-Day, 10 Three-hour Sessions, Only $5,000! That's only $166.67 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 $2997! 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. 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." Online Audio Lectures Chapter 15 - Lecture 1 - Slides 1 to 16 Stock Options; Calls and Puts Chapter 15 - Lecture 2 - Slides 17 to 30 Options Characteristics; The Break-even Point Chapter 15 - Lecture 3 - Slides 31 to 42 Options Strategies; Covered Calls and Naked Puts Chapter 15 - Lecture 4 - Slides 43 to 52 Employee Stock Options; Final Comments Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 15 - Lecture 1 - Slides 1 to 16 Stock Options; Calls and Puts Chapter 15 - Lecture 2 - Slides 17 to 30 Options Characteristics; The Break-even Point Chapter 15 - Lecture 3 - Slides 31 to 42 Options Strategies; Covered Calls and Naked Puts Chapter 15 - Lecture 3 - Slides 43 to 52 Employee Stock Options; Final Comments Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 15 - Lecture 1 - Slides 1 to 16 Stock Options; Calls and Puts Chapter 15 - Lecture 2 - Slides 17 to 30 Options Characteristics; The Break-even Point Chapter 15 - Lecture 2 - Slides 31 to 42 Options Strategies; Covered Calls and Naked Puts Chapter 15 - Lecture 3 - Slides 43 to 52 Employee Stock Options; Final Comments Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 15 - Lecture 1 - Slides 1 to 16 Stock Options; Calls and Puts Chapter 15 - Lecture 2 - Slides 17 to 30 Options Characteristics; The Break-even Point Chapter 15 - Lecture 2 - Slides 31 to 42 Options Strategies; Covered Calls and Naked Puts Chapter 15 - Lecture 3 - Slides 43 to 52 Employee Stock Options; Final Comments Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 7 May Options Contracts |
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Chapter 14:
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Chapter 14 Materials Presentation Study Guide No assignment Foreign currency trading is easy - an easy way to lose money Los Angeles Times Online Audio Lectures Chapter 14 - Lecture 1 - Slides 1 to 14 Futures Contracts Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 14 - Lecture 1 - Slides 1 to 14 Futures Contracts Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 14 - Lecture 1 - Slides 1 to 14 Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 14 - Lecture 1 - Slides 1 to 14 Futures Contracts Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 7 May Futures Contracts |
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Part 6: Margin Accounts & Selling Short |
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Chapter 2:
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Chapter 2 Materials Presentation Study Guide Recommended Exercise Not an assignment! There is no assignment. Margin and Shorting Worksheet - Commentary - Answer Key Selling short a.k.a. 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. Don't Bet on the Market Frontline: 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 a good stock choice. Online Audio Lectures Chapter 2 - Lecture 1 - Slides 1 to 8 Brokerages Firms and Services Chapter 2 - Lecture 3 - Slides 9 to 24 Buying on Margin and Margin Accounts (It is risky!) Chapter 2 - Lecture 3 - Slides 25 to 42 Shorting Stocks (Don't do it! It is even more dangerous than margining!) Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Chapter 2 - Lecture 1 - Slides 1 to 8 Brokerages Firms and Services Chapter 2 - Lecture 2 - Slides 9 to 24 Buying on Margin and Margin Accounts (It is risky!) Chapter 2 - Lecture 3 - Slides 25 to 42 Shorting Stocks (Don't do it! It is even more dangerous than margining!) Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 2 - Lecture 1 - Slides 1 to 8 Brokerages Firms and Services Chapter 2 - Lecture 2 - Slides 9 to 24 Buying on Margin and Margin Accounts (It is risky!) Chapter 2 - Lecture 3 - Slides 25 to 42 Shorting Stocks (Don't do it! It is even more dangerous than margining!) Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Chapter 2 - Lecture 1 - Slides 1 to 8 Brokerages Firms and Services Chapter 2 - Lecture 2 - Slides 9 to 24 Buying on Margin and Margin Accounts (It is risky!) Chapter 2 - Lecture 3 - Slides 25 to 42 Shorting Stocks (Don't do it! It is even more dangerous than margining!) Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 9 May Brokerage Accounts, Buying on Margin, Shorting |
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Part 7: Miscellaneous Topics in Investing |
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Topic 1:
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Retirement Accounts, Regular Accounts, and Annuities Materials Presentation Study Guide No assignment Annuities suck ... And you can tell the insurance companies that I said that! 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 Online Audio Lectures Account Types - Lecture 1 - Slides 1 to 17 Retirement Accounts, Regular Accounts, and Annuities Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Account Types - Lecture 1 - Slides 1 to 17 Retirement Accounts, Regular Accounts, and Annuities Online Audio/Video Lectures on YouTube (Closed captioning available) Account Types - Lecture 1 - Slides 1 to 17 Retirement Accounts, Regular Accounts, and Annuities Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Account Types - Lecture 1 - Slides 1 to 17 Retirement Accounts, Regular Accounts, and Annuities Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 14 May Retirement Accounts, Regular Accounts, and Annuities Starts at 00:00 |
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Topic 2:
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Real Estate and REITs Materials Presentation 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! Online Audio Lectures Real Estate - Lecture 1 - Slides 1 to 18 Real Estate and Real Estate Investment Trusts Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Real Estate - Lecture 1 - Slides 1 to 18 Real Estate and Real Estate Investment Trusts Online Audio/Video Lectures on YouTube (Closed captioning available) Real Estate - Lecture 1 - Slides 1 to 18 Real Estate and Real Estate Investment Trusts Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Real Estate - Lecture 1 - Slides 1 to 18 Real Estate and Real Estate Investment Trusts Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 14 May Real Estate and Real Estate Investment Trusts Starts at 31:30 |
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Topic 3:
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Gold, Precious Metals, Art, and Collectibles Materials Presentation No assignment The only question on the final exam from this presentation is that you should just stay away from gold, precious metals, collectibles, art, etc. Why gold is a bad investment Online Audio Lectures Precious Metals, Art, etc. - Lecture 1 - Slides 1 to 6 Precious Metals, Art, and Collectibles Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Precious Metals, Art, etc. - Lecture 1 - Slides 1 to 6 Precious Metals, Art, and Collectibles Online Audio/Video Lectures on YouTube (Closed captioning available) Precious Metals, Art, etc. - Lecture 1 - Slides 1 to 6 Precious Metals, Art, and Collectibles Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Precious Metals, Art, etc. - Lecture 1 - Slides 1 to 6 Precious Metals, Art, and Collectibles Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 9 May Precious Metals, Art, and Collectibles |
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Topic 4:
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Cryptocurrencies Materials Presentation No assignment No questions on the final exam from this presentation. Google search of "cryptocurrency" Only 96,200,000 hits ... Online Audio Lectures Cryptocurrencies - Lecture 1 - Slides 1 to 8 Cryptocurrencies Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Cryptocurrencies - Lecture 1 - Slides 1 to 8 Cryptocurrencies Online Audio/Video Lectures on YouTube (Closed captioning available) Cryptocurrencies - Lecture 1 - Slides 1 to 8 Cryptocurrencies Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Cryptocurrencies - Lecture 1 - Slides 1 to 8 Cryptocurrencies Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 14 May Cryptocurrencies Starts at 1:07:20 |
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Topic 5:
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Starting a Business Materials Presentation No assignment No questions on the final exam from this presentation. Score San Diego (Service Corps of Retired Executives) Kiva Accion San Diego Careful! Don't go to accionsandiego.com. It's a phishing site. South San Diego Small Business Development Center Online Audio Lectures Starting a Business - Lecture 1 - Slides 1 to 3 Starting a Business Online Audio/Video Lectures (Apple mobile users: Search "BUS123" in iTunes.) Starting a Business - Lecture 1 - Slides 1 to 3 Starting a Business Online Audio/Video Lectures on YouTube (Closed captioning available) Starting a Business - Lecture 1 - Slides 1 to 3 Starting a Business Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available) Starting a Business - Lecture 1 - Slides 1 to 3 Starting a Business Face-to-Face Class Audio Lectures (BUS-123-01) TueThur Lecture 1 Audio -- 14 May The Ultimate Investment: Starting a Business Starts at 1:15:30 |
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Review for Final:
| Pre-Final Valuation Problems - Answer Key Questions on the Final Exam from the Last Two Weeks of Instruction (After Exam #4) Baffle the Broker -- 16 May Last Day of Class! In the first few minutes we discuss the final exam. |
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