Download or read book Control Your Cash written by Greg McFarlane and published by Greg McFarlane Betty Kincaid. This book was released on 2010-06 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A 14% credit card rate! What a deal!" "Where it says 'adjustable' here on my mortgage - that means 'fixed', right?" "Work until I retire, then collect Social Security. That's my wealth plan." If you've ever wondered how your money works, where it goes or how it grows, stop wondering. "Control Your Cash: Making Money Make Sense" deconstructs personal finance so that everyone but the hopelessly inept can understand it. Inside the book, you'll learn: [ how to get your bank accounts, credit cards and other financial instruments to work for you, and not the other way around [ the right way to buy a car (i.e. with the salesman cursing your name as you drive away) [ where and how to invest, and what all those symbols, charts and graphs mean [ how to turn expenses into income, and stop living paycheck-to-paycheck [ whom the tax system is stacked against (hint: it's most of us) and how to use that to your advantage [ the very key to wealth itself. In fact, the authors thought it was so important they put it on the cover so you can read it even if you're too cheap to buy the book: Buy assets, sell liabilities. Finally, a book that explains personal finance not only in layman's terms, but in detail. If you can read, and have any capacity for self-discipline, invest a few bucks in "Control Your Cash" now and reap big financial rewards for the rest of your life.

Download or read book New Evidence on Stock Price Effects Associated with Changes in the S P 500 Index written by Anthony W. Lynch and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The S P 500 Index Effect in Continuous Time written by Konstantina Kappou and published by . This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of index tracking early in the 1970s and the continuous growth of assets tied to the Samp;P 500 index have enforced perceptions of the importance of becoming an index-member, due to increased demand by index fund participants for the stocks involved in index composition changes. This study focuses on Samp;P 500 inclusions and examines the impact of potential overnight price adjustment after the announcement of an Samp;P 500 index change. We find evidence of a significant overnight price change that diminishes the profits available to speculators although there are still profits available from the first day after announcement until a few days after the actual event. More importantly observing the tick-by-tick stock price performance of the key days of the event window for the first time, we find evidence of consistent trading patterns during trading hours over inclusion event. A separate analysis of two different sub-periods as well as of NASDAQ and NYSE listed stocks allows for a detailed examination of the price and volume effect in continuous time.

Download or read book REAL EFFECTS OF S P 500 INDEX written by Yong Wei and published by Open Dissertation Press. This book was released on 2017-01-24 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "The Real Effects of S&P 500 Index Additions: Evidence From Corporate Investment" by Yong, Wei, 卫勇, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b4490681 Subjects: Stocks - Prices - Mathematical models Corporations - Finance - Mathematical models

Download or read book New Evidence on Stock Price Effects Associated with Charges in the S P 500 Index written by Anthony W. Lynch and published by . This book was released on 2008 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since October 1989, Standard and Poor s has (when possible) announced changes in the composition of the Samp;P 500 index one week in advance. Because index funds hold Samp;P 500 stocks to minimize tracking error, index composition changes since this date provide an opportunity to examine the market reaction to an anticipated change in the demand for a stock. Using post-October-1989 data, we document significantly positive (negative) post-announcement abnormal returns that are only partially reversed following additions (deletions). These results indicate the existence of temporary price pressure and downward-sloping log-run demand curves for stocks and represent a violation of market efficiency.

Download or read book Closing the Question on the Continuation of Turn of the month Effects written by Edwin D. Maberly and published by . This book was released on 2000 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The S P 500 Effect written by Daniel Cooper and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book COVID 19 Effects on the S P 500 Index written by Hakan Yilmazkuday and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Liquidity Effects of S P 500 Additions written by John B. McDermott and published by . This book was released on 2017 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: We argue that the addition of a stock to the Samp;P 500 index leads to an increase in the volume of liquidity-motivated trading in the stock by index investors. This, in turn, lowers the cost of supplying liquidity and generates abnormal returns. Consistent with this argument, we document a permanent increase in the liquidity of stocks added to the Samp;P 500 index. Specifically, the median quoted and effective spreads decrease and the median quoted depth, trading volume and trade frequencies increase over three months following listing. The improvement in liquidity is due primarily to a decrease in the median direct cost of transacting and a smaller decline in the median asymmetric information cost of transacting. Further, we find that the event period cumulative abnormal returns are strongly associated with the decrease in the direct cost of transacting. These findings provide strong support for a liquidity-based explanation for the observed wealth effect due to Samp;P 500 listing.

Download or read book Is There an S P 500 Index Effect written by Maria Kasch and published by . This book was released on 2014 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper finds that the permanent changes in market value and return comovement, previously attributed to S&P 500 index additions, reflect well-established regularities in asset returns independent of index membership. Specifically, we document that index additions are preceded by extraordinary market and earnings performance of the event firms and that - after accounting for this performance - the additions have no permanent effect on the firms' market value and standard measures of systematic risk. The permanent value effect which has been attributed to index membership is a manifestation of the momentum in returns (Jegadeesh and Titman (1993)), while the change in comovement reflects declines in the loadings on size and value factors (Fama and French (1993)). Our results show the importance of addressing endogeneity for causal inference in event studies.

Download or read book The Long Term Price Effect of S P 500 Index Addition and Earnings Quality written by Petya Platikanova and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A positive price response ...

Download or read book The Risk and Return Effect of a New S P Sector written by Rajeeb Poudel and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes to the S&P 500 Index have been found to provide a wealth effect to the firms included or removed from the Index. On November 10, 2014 the S&P Dow Indices announced the addition of the first new GICS sector in the S&P 500 since technology stocks became a separate sector in 1999. Equity Real Estate Investment Trusts (eREITs) would be separated from the Finance Sector creating an 11th sector. We examine the return and risk effect of the creation of the new sector. We find a divergence in the risk of firms in the new sector and the non-S&P eREITs relative to the market. The eREITs in the S&P 500 Index maintained a lower risk, while the eREITs not in the Index increased in risk.

Download or read book Gambling on the S P 500 s Gold Seal written by Chris Brooks and published by . This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the abnormal returns, trading activity and long term performance of stocks that were added to the Samp;P 500 Index during the period 1990 to 2002. By using a three-factor pricing model that allows for firm size and value characteristics as well as market risk, we are able to shed new light on the widely observed index effect. We argue that for the years 1990-1997 in particular, firm size mattered in the long-run and firm size effects cannot be captured by a single factor model for abnormal returns. We also find a transitory increase in trading volume between the announcement and a few days after the effective date. The seal of Samp;P 500 Index membership has very long term effects and inclusion is not an information-free event.

Download or read book S P 500 Trading Mastery written by Kelly Angle and published by Windsor Books/Probus. This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Career trader Kelly Angle presents an impressive and effective new trading system for individual traders interested in taking on the notoriously unpredictable and often volatile S&P market and succeeding. The central focus of the book is on Kelly's S&P 500 Pro-System...a powerful linked trading system joining five separate strategies. Trains traders to profit in the stock index futures markets.

Download or read book Liquidity and Asset Prices written by Yakov Amihud and published by Now Publishers Inc. This book was released on 2006 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.

Download or read book The Effects of Leverage on the Pricing S P 500 Index Call Options written by Robert L. Geske and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to examine whether leverage has a significant statistical and economic effect on the pricing of Samp;P 500 index options. This is the first paper to directly test for leverage effects in stock index options. To analyze these effects we use the Geske (1979) compound option model. The Geske model is closed form, implies stochastic equity volatility, is consistent with Modigliani and Miller, incorporates debt refinancing, and includes possibly differential default and bankruptcy. Black-Scholes (1973) is a special case of the Geske model. In this paper we show that during the years 1996-2004 the aggregate market based debt to equity (D/E) ratio of the firms comprising the Samp;P 500 equity index varies from about 40-120 percent. We believe this is the first presentation of a market D/E ratio derived from option theory. Next and more importantly we are the first to report the details of the statistically significant economic effects that market leverage has on pricing Samp;P 500 index call options. We measure that the Geske model improves the net option valuation of listed in the money (or out of the money) Samp;P 500 index call options on average by about 35% (28%) compared to Black-Scholes values. We demonstrate that the improvement is directly (and monotonically) related to both the time to expiration of the option and the amount of leverage in this market index. For options with longer expirations and/or periods of higher market leverage the improvement is greater, ranging from about 40% to 80%. We also demonstrate economic significance in basis points by showing that dealers making a book in index options can expect benefits of at least several 100 basis points using Geske instead of Black-Scholes.

Download or read book Effects of Wastewater Effluent on the South Platte River from Littleton to Denver written by Norman E. Spahr and published by . This book was released on 1986 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: