{"id":482,"date":"2023-12-19T18:43:25","date_gmt":"2023-12-19T18:43:25","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accinvestments\/?post_type=back-matter&#038;p=482"},"modified":"2023-12-19T18:43:25","modified_gmt":"2023-12-19T18:43:25","slug":"detailed-licensing-information","status":"publish","type":"back-matter","link":"https:\/\/pressbooks.ccconline.org\/accinvestments\/back-matter\/detailed-licensing-information\/","title":{"raw":"Detailed Licensing Information","rendered":"Detailed Licensing Information"},"content":{"raw":"<div id=\"dynamicLicensing\" aria-live=\"polite\" aria-busy=\"false\">\r\n<h2>Overview<\/h2>\r\n<strong>Title:<\/strong>\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\" target=\"_blank\" rel=\"noopener noreferrer\">Introduction to Investments (Paiano)<\/a>\r\n\r\n<strong>Webpages:<\/strong>\u00a0126\r\n\r\n<strong>Applicable Restrictions:<\/strong>\u00a0Noncommercial\r\n\r\n<strong>All licenses found:<\/strong>\r\n<ul>\r\n \t<li><a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\">CC BY-NC-SA 4.0<\/a>: 96% (121 pages)<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\">Undeclared<\/a>: 4% (5 pages)<\/li>\r\n<\/ul>\r\n<h2>By Page<\/h2>\r\n<div>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\" target=\"_blank\" rel=\"noopener\">Introduction to Investments (Paiano)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\" target=\"_blank\" rel=\"noopener\">Front Matter including Foreword and Preface (Important Stuff!)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/01%3A_TitlePage\" target=\"_blank\" rel=\"noopener\">Cover Page<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/02%3A_InfoPage\" target=\"_blank\" rel=\"noopener\">InfoPage<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/03%3A_Table_of_Contents\" target=\"_blank\" rel=\"noopener\">Table of Contents<\/a>\u00a0-\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/04%3A_Forward%3A_Open_Educational_Resources_(OER)_-_This_Book_is_Free_to_Read\" target=\"_blank\" rel=\"noopener\">Foreword: Open Educational Resources (OER) - This Book is Free to Read<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/04%3A_Licensing\" target=\"_blank\" rel=\"noopener\">Licensing<\/a>\u00a0-\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/05%3A_Preface%3A_Welcome_to_Introduction_to_Investments\" target=\"_blank\" rel=\"noopener\">Preface: Welcome to Introduction to Investments<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\" target=\"_blank\" rel=\"noopener\">Part 1: Introduction and Mutual Funds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\" target=\"_blank\" rel=\"noopener\">Chapter 1: Introduction, Overview, and\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\" target=\"_blank\" rel=\"noopener\">\u00a0versus Return<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.01%3A_What_Is_an_Investment\" target=\"_blank\" rel=\"noopener\">1.1: What Is an\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.01%3A_What_Is_an_Investment\" target=\"_blank\" rel=\"noopener\">?<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.02%3A_Investment_Characteristics_and_Attributes\" target=\"_blank\" rel=\"noopener\">1.2:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.02%3A_Investment_Characteristics_and_Attributes\" target=\"_blank\" rel=\"noopener\">\u00a0Characteristics and Attributes<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.03%3A_An_Overview_of_the_Investment_Universe\" target=\"_blank\" rel=\"noopener\">1.3: An Overview of the\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.03%3A_An_Overview_of_the_Investment_Universe\" target=\"_blank\" rel=\"noopener\">\u00a0Universe<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.04%3A_Risk_versus_Return__The_Eternal_Struggle_of_Investing\" target=\"_blank\" rel=\"noopener\">1.4:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.04%3A_Risk_versus_Return__The_Eternal_Struggle_of_Investing\" target=\"_blank\" rel=\"noopener\">\u00a0versus Return \u2012 The Eternal Struggle of Investing<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.05%3A_Short_Term_Investments_Revisited__A_Place_to_Park_Your_Money\" target=\"_blank\" rel=\"noopener\">1.5:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Short-Term<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.05%3A_Short_Term_Investments_Revisited__A_Place_to_Park_Your_Money\" target=\"_blank\" rel=\"noopener\">\u00a0Investments Revisited \u2012 A Place to Park Your Money<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">1.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\" target=\"_blank\" rel=\"noopener\">Chapter 2: Mutual Funds: Investments for the Masses<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.01%3A_Introduction_to_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.1: Introduction to Mutual Funds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">2.2:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Growth<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">\u00a0of the\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">\u00a0Industry<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.03%3A_Advantages_and_Disadvantages_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.3: Advantages and Disadvantages of Mutual Funds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.04%3A_Open-end_Closed-end_and_Exchange-Traded_Funds_(ETFs)\" target=\"_blank\" rel=\"noopener\">2.4: Open-end, Closed-end, and Exchange-Traded Funds (ETFs)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.05%3A_Regulation_and_Organization_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.5: Regulation and Organization of Mutual Funds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.06%3A_Fees_Expenses_and_Share_Classes_Oh_My\" target=\"_blank\" rel=\"noopener\">2.6: Fees, Expenses, and Share Classes, Oh, My!<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.07%3A_Categories_and_Types_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.7: Categories and Types of Mutual Funds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.08%3A_The_Great_Debate__Active_Management_versus_Passive_Management\" target=\"_blank\" rel=\"noopener\">2.8: The Great Debate \u2012 Active Management versus Passive Management<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.09%3A_Mutual_Fund_Families_and_Fund_Services\" target=\"_blank\" rel=\"noopener\">2.9:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.09%3A_Mutual_Fund_Families_and_Fund_Services\" target=\"_blank\" rel=\"noopener\">\u00a0Families and Fund Services<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.10%3A_A_Sample_Mutual_Fund\" target=\"_blank\" rel=\"noopener\">2.10: A Sample\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">2.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\" target=\"_blank\" rel=\"noopener\">Part 2: Stocks, also known as Equities<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\" target=\"_blank\" rel=\"noopener\">Chapter 3: Introduction to Stocks<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.01%3A_What_Are_Stocks\" target=\"_blank\" rel=\"noopener\">3.1: What Are Stocks?<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.02%3A_The_Stock_Markets_a.k.a._The_Capital_Markets\" target=\"_blank\" rel=\"noopener\">3.2: The\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.02%3A_The_Stock_Markets_a.k.a._The_Capital_Markets\" target=\"_blank\" rel=\"noopener\">\u00a0Market<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">3.3:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Transactions, Transaction Costs, and\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Quotes<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">3.4:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">\u00a0Market Averages and Indexes;\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Volatility<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">\u00a0Reexamined<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.5%3A_Stock_Characteristics_and_Measurements\" target=\"_blank\" rel=\"noopener\">3.5:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.5%3A_Stock_Characteristics_and_Measurements\" target=\"_blank\" rel=\"noopener\">\u00a0Characteristics and Measurements<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.6%3A_Types_of_Stocks_Growth_versus_Value_and_Market_Capitalization\" target=\"_blank\" rel=\"noopener\">3.6: Types of Stocks,\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Growth<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.6%3A_Types_of_Stocks_Growth_versus_Value_and_Market_Capitalization\" target=\"_blank\" rel=\"noopener\">\u00a0versus Value, and Market Capitalization<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">3.7:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">\u00a0Strategies<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">3.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">Chapter 4:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Fundamental Analysis<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Valuation<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">\u00a0Models<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.1: Common\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Valuation<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.2:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Dividend<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Discount Models (DDMs)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.3: The Discounted Cash Flow Model<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.4%3A_The_Value_Line%3A_All_the_Financial_News_Thats_Fit_to_Print\" target=\"_blank\" rel=\"noopener\">4.4: The Value Line: All the Financial News That\u2019s Fit to Print<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.5%3A_The_Bottom_Line\" target=\"_blank\" rel=\"noopener\">4.5: The Bottom Line<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">4.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\" target=\"_blank\" rel=\"noopener\">Chapter 5:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Fundamental Analysis<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\" target=\"_blank\" rel=\"noopener\">: Financial Statements and Ratio Analysis<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.1: Financial Statements<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.2: Common\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.3: Profitability Ratios<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.4%3A_Liquidity_Ratios\" target=\"_blank\" rel=\"noopener\">5.4:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Liquidity<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.4%3A_Liquidity_Ratios\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.5%3A_Activity_Ratios\" target=\"_blank\" rel=\"noopener\">5.5: Activity Ratios<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.6%3A_Leverage_Ratios\" target=\"_blank\" rel=\"noopener\">5.6:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Leverage<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.6%3A_Leverage_Ratios\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">5.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\" target=\"_blank\" rel=\"noopener\">Chapter 6: Market Efficiency Theory: \"Who Can Beat the Market?\"<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.1: Efficient Markets<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.2: Manias and Crashes<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.3: Investor Psychology and Common Investor Weaknesses<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.4%3A_Active_versus_Passive_Management_Revisited\" target=\"_blank\" rel=\"noopener\">6.4: Active versus Passive Management Revisited<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.5%3A_All_Stars_of_Investing\" target=\"_blank\" rel=\"noopener\">6.5: All Stars of Investing<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.6%3A_Famous_Myths_and_Stupid_Sayings\" target=\"_blank\" rel=\"noopener\">6.6: Famous Myths and Stupid Sayings<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">6.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\" target=\"_blank\" rel=\"noopener\">Chapter 7:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Technical Analysis<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\" target=\"_blank\" rel=\"noopener\">: Reading Squiggles on a Computer Screen<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">7.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Technical Analysis<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">7.2: A Career in Stocks<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">7.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\" target=\"_blank\" rel=\"noopener\">Part 3: Bonds, also known as Fixed Investments<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\" target=\"_blank\" rel=\"noopener\">Chapter 8: Introduction to Bonds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Basics<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.2: Types of Bonds<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.3:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Ratings, Trading, and Quotes<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">8.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\" target=\"_blank\" rel=\"noopener\">Chapter 9:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\" target=\"_blank\" rel=\"noopener\">\u00a0Yields and Valuations<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Yields<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.2:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Yield Spreads<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0and the\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Yield Curve<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.3:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Valuations<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.4%3A_Some_Final_Aspects_of_Bond_Investing\" target=\"_blank\" rel=\"noopener\">9.4: Some Final Aspects of\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.4%3A_Some_Final_Aspects_of_Bond_Investing\" target=\"_blank\" rel=\"noopener\">\u00a0Investing<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">9.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\" target=\"_blank\" rel=\"noopener\">Chapter 10: Hybrid Securities:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Preferred Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\" target=\"_blank\" rel=\"noopener\">\u00a0and Convertibles Securities<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Preferred Stock<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.2: Convertible Securities<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\" target=\"_blank\" rel=\"noopener\">Part 4: Portfolio\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\" target=\"_blank\" rel=\"noopener\">\u00a0and Asset Allocation<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\" target=\"_blank\" rel=\"noopener\">Chapter 11: Portfolio\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\" target=\"_blank\" rel=\"noopener\">\u00a0and Asset Allocation<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0and Portfolio\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.2: Asset Allocation<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.3: Dollar-Cost Averaging and Mutual Funds, Revisited<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">11.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\" target=\"_blank\" rel=\"noopener\">Part 5: Speculating, also known as Trading, better described as Gambling<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\" target=\"_blank\" rel=\"noopener\">Chapter 12: Options Contracts<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.1: What are Options Contracts?<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.2: Options Characteristics and the Breakeven Point<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.3: Options Strategies; Covered Calls and Naked Puts<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.4%3A_Employee_Stock_Options_and_Some_Final_Topics_about_Options\" target=\"_blank\" rel=\"noopener\">12.4: Employee\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.4%3A_Employee_Stock_Options_and_Some_Final_Topics_about_Options\" target=\"_blank\" rel=\"noopener\">\u00a0Options and Some Final Topics about Options<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">12.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\" target=\"_blank\" rel=\"noopener\">Chapter 13: Futures Contracts<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\/13.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">13.1: Futures Contracts<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\/13.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">13.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\" target=\"_blank\" rel=\"noopener\">Chapter 14:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Buying on Margin<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\" target=\"_blank\" rel=\"noopener\">\u00a0and Selling Short<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Buying on Margin<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.2: Selling Short<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">Chapter 15:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Precious Metals<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">,\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Art<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">, and\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Collectibles<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">15.1:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Precious Metals<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">,\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Art<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">, and\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Collectibles<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">15.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\" target=\"_blank\" rel=\"noopener\">Chapter 16: Cryptocurrencies and NFTs<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\/18.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">16.1: Cryptocurrencies and NFTs<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\/18.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">16.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\" target=\"_blank\" rel=\"noopener\">Part 6: Miscellaneous Topics in Investing Including Real Estate<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\" target=\"_blank\" rel=\"noopener\">Chapter 17: Real Estate and Real Estate\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\" target=\"_blank\" rel=\"noopener\">\u00a0Trusts (REITs)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">17.1: Real Estate and Real Estate\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Trusts (REITs)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">17.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\" target=\"_blank\" rel=\"noopener\">Chapter 18: Brokerages, Account Types, and Annuities<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.1: Brokerages<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.2: Account Types<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.3: Annuities<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/18.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">18.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\" target=\"_blank\" rel=\"noopener\">Chapter 19: Starting a Business: The Ultimate\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\/19.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">19.1: Starting a Business: The Ultimate\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\/19.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">19.S: Summary<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\" target=\"_blank\" rel=\"noopener\">Back Matter Including Addendums and Bibliography: Books to Read (Good Stuff!)<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/10%3A_Index\" target=\"_blank\" rel=\"noopener\">Index<\/a>\u00a0-\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/20%3A_Glossary\" target=\"_blank\" rel=\"noopener\">Glossary<\/a>\u00a0-\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing\" target=\"_blank\" rel=\"noopener\">Detailed Licensing<\/a>\u00a0-\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">Addendum A:\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">\u00a0Clubs, BetterInvesting.org, and the\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">\u00a0Selection Guide<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_B%3A_Internal_Rate_of_Return_and_Net_Present_Value\" target=\"_blank\" rel=\"noopener\">Addendum B: Internal\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Rate of Return<\/div>\r\n<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_B%3A_Internal_Rate_of_Return_and_Net_Present_Value\" target=\"_blank\" rel=\"noopener\">\u00a0and Net\u00a0<\/a>\r\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Present Value<\/div>\r\n-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n \t<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Bibliography%3A_Books_to_Read\" target=\"_blank\" rel=\"noopener\">Bibliography: Books to Read<\/a>\u00a0-\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>","rendered":"<div id=\"dynamicLicensing\" aria-live=\"polite\" aria-busy=\"false\">\n<h2>Overview<\/h2>\n<p><strong>Title:<\/strong>\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\" target=\"_blank\" rel=\"noopener noreferrer\">Introduction to Investments (Paiano)<\/a><\/p>\n<p><strong>Webpages:<\/strong>\u00a0126<\/p>\n<p><strong>Applicable Restrictions:<\/strong>\u00a0Noncommercial<\/p>\n<p><strong>All licenses found:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\">CC BY-NC-SA 4.0<\/a>: 96% (121 pages)<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\">Undeclared<\/a>: 4% (5 pages)<\/li>\n<\/ul>\n<h2>By Page<\/h2>\n<div>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\" target=\"_blank\" rel=\"noopener\">Introduction to Investments (Paiano)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\" target=\"_blank\" rel=\"noopener\">Front Matter including Foreword and Preface (Important Stuff!)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/01%3A_TitlePage\" target=\"_blank\" rel=\"noopener\">Cover Page<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/02%3A_InfoPage\" target=\"_blank\" rel=\"noopener\">InfoPage<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/03%3A_Table_of_Contents\" target=\"_blank\" rel=\"noopener\">Table of Contents<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/04%3A_Forward%3A_Open_Educational_Resources_(OER)_-_This_Book_is_Free_to_Read\" target=\"_blank\" rel=\"noopener\">Foreword: Open Educational Resources (OER) &#8211; This Book is Free to Read<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/04%3A_Licensing\" target=\"_blank\" rel=\"noopener\">Licensing<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/00%3A_Front_Matter\/05%3A_Preface%3A_Welcome_to_Introduction_to_Investments\" target=\"_blank\" rel=\"noopener\">Preface: Welcome to Introduction to Investments<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\" target=\"_blank\" rel=\"noopener\">Part 1: Introduction and Mutual Funds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\" target=\"_blank\" rel=\"noopener\">Chapter 1: Introduction, Overview, and\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\" target=\"_blank\" rel=\"noopener\">\u00a0versus Return<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.01%3A_What_Is_an_Investment\" target=\"_blank\" rel=\"noopener\">1.1: What Is an\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.01%3A_What_Is_an_Investment\" target=\"_blank\" rel=\"noopener\">?<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.02%3A_Investment_Characteristics_and_Attributes\" target=\"_blank\" rel=\"noopener\">1.2:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.02%3A_Investment_Characteristics_and_Attributes\" target=\"_blank\" rel=\"noopener\">\u00a0Characteristics and Attributes<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.03%3A_An_Overview_of_the_Investment_Universe\" target=\"_blank\" rel=\"noopener\">1.3: An Overview of the\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.03%3A_An_Overview_of_the_Investment_Universe\" target=\"_blank\" rel=\"noopener\">\u00a0Universe<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.04%3A_Risk_versus_Return__The_Eternal_Struggle_of_Investing\" target=\"_blank\" rel=\"noopener\">1.4:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.04%3A_Risk_versus_Return__The_Eternal_Struggle_of_Investing\" target=\"_blank\" rel=\"noopener\">\u00a0versus Return \u2012 The Eternal Struggle of Investing<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.05%3A_Short_Term_Investments_Revisited__A_Place_to_Park_Your_Money\" target=\"_blank\" rel=\"noopener\">1.5:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Short-Term<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.05%3A_Short_Term_Investments_Revisited__A_Place_to_Park_Your_Money\" target=\"_blank\" rel=\"noopener\">\u00a0Investments Revisited \u2012 A Place to Park Your Money<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/01%3A_Introduction_Overview_and_Risk_versus_Return\/1.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">1.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\" target=\"_blank\" rel=\"noopener\">Chapter 2: Mutual Funds: Investments for the Masses<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.01%3A_Introduction_to_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.1: Introduction to Mutual Funds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">2.2:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Growth<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">\u00a0of the\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.02%3A_Growth_of_the_Mutual_Fund_Industry\" target=\"_blank\" rel=\"noopener\">\u00a0Industry<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.03%3A_Advantages_and_Disadvantages_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.3: Advantages and Disadvantages of Mutual Funds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.04%3A_Open-end_Closed-end_and_Exchange-Traded_Funds_(ETFs)\" target=\"_blank\" rel=\"noopener\">2.4: Open-end, Closed-end, and Exchange-Traded Funds (ETFs)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.05%3A_Regulation_and_Organization_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.5: Regulation and Organization of Mutual Funds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.06%3A_Fees_Expenses_and_Share_Classes_Oh_My\" target=\"_blank\" rel=\"noopener\">2.6: Fees, Expenses, and Share Classes, Oh, My!<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.07%3A_Categories_and_Types_of_Mutual_Funds\" target=\"_blank\" rel=\"noopener\">2.7: Categories and Types of Mutual Funds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.08%3A_The_Great_Debate__Active_Management_versus_Passive_Management\" target=\"_blank\" rel=\"noopener\">2.8: The Great Debate \u2012 Active Management versus Passive Management<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.09%3A_Mutual_Fund_Families_and_Fund_Services\" target=\"_blank\" rel=\"noopener\">2.9:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.09%3A_Mutual_Fund_Families_and_Fund_Services\" target=\"_blank\" rel=\"noopener\">\u00a0Families and Fund Services<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.10%3A_A_Sample_Mutual_Fund\" target=\"_blank\" rel=\"noopener\">2.10: A Sample\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Mutual Fund<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/01%3A_Chapter_1\/02%3A_Mutual_Funds-_Investments_for_the_Masses\/2.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">2.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\" target=\"_blank\" rel=\"noopener\">Part 2: Stocks, also known as Equities<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\" target=\"_blank\" rel=\"noopener\">Chapter 3: Introduction to Stocks<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.01%3A_What_Are_Stocks\" target=\"_blank\" rel=\"noopener\">3.1: What Are Stocks?<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.02%3A_The_Stock_Markets_a.k.a._The_Capital_Markets\" target=\"_blank\" rel=\"noopener\">3.2: The\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.02%3A_The_Stock_Markets_a.k.a._The_Capital_Markets\" target=\"_blank\" rel=\"noopener\">\u00a0Market<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">3.3:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Transactions, Transaction Costs, and\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Quotes<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">3.4:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">\u00a0Market Averages and Indexes;\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Volatility<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.4%3A_Stock_Market_Averages_and_Indexes_Volatility_Reexamined\" target=\"_blank\" rel=\"noopener\">\u00a0Reexamined<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.5%3A_Stock_Characteristics_and_Measurements\" target=\"_blank\" rel=\"noopener\">3.5:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.5%3A_Stock_Characteristics_and_Measurements\" target=\"_blank\" rel=\"noopener\">\u00a0Characteristics and Measurements<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.6%3A_Types_of_Stocks_Growth_versus_Value_and_Market_Capitalization\" target=\"_blank\" rel=\"noopener\">3.6: Types of Stocks,\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Growth<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.6%3A_Types_of_Stocks_Growth_versus_Value_and_Market_Capitalization\" target=\"_blank\" rel=\"noopener\">\u00a0versus Value, and Market Capitalization<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">3.7:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.7%3A_Stock_Investment_Strategies\" target=\"_blank\" rel=\"noopener\">\u00a0Strategies<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/03%3A_Introduction_to_Stocks\/3.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">3.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">Chapter 4:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Fundamental Analysis<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">:\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Valuation<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\" target=\"_blank\" rel=\"noopener\">\u00a0Models<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.1: Common\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Valuation<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.2:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Dividend<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Discount Models (DDMs)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">4.3: The Discounted Cash Flow Model<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.4%3A_The_Value_Line%3A_All_the_Financial_News_Thats_Fit_to_Print\" target=\"_blank\" rel=\"noopener\">4.4: The Value Line: All the Financial News That\u2019s Fit to Print<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.5%3A_The_Bottom_Line\" target=\"_blank\" rel=\"noopener\">4.5: The Bottom Line<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/04%3A_Fundamental_Analysis-_Valuation_Models\/4.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">4.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\" target=\"_blank\" rel=\"noopener\">Chapter 5:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Fundamental Analysis<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\" target=\"_blank\" rel=\"noopener\">: Financial Statements and Ratio Analysis<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.1: Financial Statements<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.2: Common\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">5.3: Profitability Ratios<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.4%3A_Liquidity_Ratios\" target=\"_blank\" rel=\"noopener\">5.4:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Liquidity<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.4%3A_Liquidity_Ratios\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.5%3A_Activity_Ratios\" target=\"_blank\" rel=\"noopener\">5.5: Activity Ratios<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.6%3A_Leverage_Ratios\" target=\"_blank\" rel=\"noopener\">5.6:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Leverage<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.6%3A_Leverage_Ratios\" target=\"_blank\" rel=\"noopener\">\u00a0Ratios<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/05%3A_Fundamental_Analysis-_Financial_Statements_and_Ratio_Analysis\/5.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">5.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\" target=\"_blank\" rel=\"noopener\">Chapter 6: Market Efficiency Theory: &#8220;Who Can Beat the Market?&#8221;<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.1: Efficient Markets<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.2: Manias and Crashes<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">6.3: Investor Psychology and Common Investor Weaknesses<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.4%3A_Active_versus_Passive_Management_Revisited\" target=\"_blank\" rel=\"noopener\">6.4: Active versus Passive Management Revisited<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.5%3A_All_Stars_of_Investing\" target=\"_blank\" rel=\"noopener\">6.5: All Stars of Investing<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.6%3A_Famous_Myths_and_Stupid_Sayings\" target=\"_blank\" rel=\"noopener\">6.6: Famous Myths and Stupid Sayings<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/06%3A_Market_Efficiency_Theory-_Who_Can_Beat_the_Market\/6.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">6.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\" target=\"_blank\" rel=\"noopener\">Chapter 7:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Technical Analysis<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\" target=\"_blank\" rel=\"noopener\">: Reading Squiggles on a Computer Screen<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">7.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Technical Analysis<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">7.2: A Career in Stocks<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/02%3A_Chapter_2\/07%3A_Technical_Analysis-_Reading_Squiggles_on_a_Computer_Screen\/7.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">7.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\" target=\"_blank\" rel=\"noopener\">Part 3: Bonds, also known as Fixed Investments<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\" target=\"_blank\" rel=\"noopener\">Chapter 8: Introduction to Bonds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Basics<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.2: Types of Bonds<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">8.3:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Ratings, Trading, and Quotes<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/08%3A_Introduction_to_Bonds\/8.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">8.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\" target=\"_blank\" rel=\"noopener\">Chapter 9:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\" target=\"_blank\" rel=\"noopener\">\u00a0Yields and Valuations<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Yields<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.2:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Yield Spreads<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0and the\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Yield Curve<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">9.3:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Valuations<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.4%3A_Some_Final_Aspects_of_Bond_Investing\" target=\"_blank\" rel=\"noopener\">9.4: Some Final Aspects of\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Bond<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.4%3A_Some_Final_Aspects_of_Bond_Investing\" target=\"_blank\" rel=\"noopener\">\u00a0Investing<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/09%3A_Bond_Yields_and_Valuations\/9.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">9.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\" target=\"_blank\" rel=\"noopener\">Chapter 10: Hybrid Securities:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Preferred Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\" target=\"_blank\" rel=\"noopener\">\u00a0and Convertibles Securities<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Preferred Stock<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.2: Convertible Securities<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/03%3A_Chapter_3\/10%3A_Hybrid_Securities_-_Preferred_Stock_and_Convertibles_Securities\/10.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">10.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\" target=\"_blank\" rel=\"noopener\">Part 4: Portfolio\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\" target=\"_blank\" rel=\"noopener\">\u00a0and Asset Allocation<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\" target=\"_blank\" rel=\"noopener\">Chapter 11: Portfolio\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\" target=\"_blank\" rel=\"noopener\">\u00a0and Asset Allocation<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Diversification<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0and Portfolio\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Risk<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.2: Asset Allocation<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">11.3: Dollar-Cost Averaging and Mutual Funds, Revisited<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/04%3A_Chapter_4\/11%3A_Portfolio_Diversification_and_Asset_Allocation\/11.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">11.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\" target=\"_blank\" rel=\"noopener\">Part 5: Speculating, also known as Trading, better described as Gambling<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\" target=\"_blank\" rel=\"noopener\">Chapter 12: Options Contracts<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.1: What are Options Contracts?<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.2: Options Characteristics and the Breakeven Point<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">12.3: Options Strategies; Covered Calls and Naked Puts<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.4%3A_Employee_Stock_Options_and_Some_Final_Topics_about_Options\" target=\"_blank\" rel=\"noopener\">12.4: Employee\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.4%3A_Employee_Stock_Options_and_Some_Final_Topics_about_Options\" target=\"_blank\" rel=\"noopener\">\u00a0Options and Some Final Topics about Options<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/12%3A_Options_Contracts\/12.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">12.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\" target=\"_blank\" rel=\"noopener\">Chapter 13: Futures Contracts<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\/13.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">13.1: Futures Contracts<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/13%3A_Futures_Contracts\/13.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">13.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\" target=\"_blank\" rel=\"noopener\">Chapter 14:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Buying on Margin<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\" target=\"_blank\" rel=\"noopener\">\u00a0and Selling Short<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Buying on Margin<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.2: Selling Short<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/14%3A_Buying_on_Margin_and_Selling_Short\/14.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">14.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">Chapter 15:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Precious Metals<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">,\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Art<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\" target=\"_blank\" rel=\"noopener\">, and\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Collectibles<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">15.1:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Precious Metals<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">,\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Art<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">, and\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Collectibles<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_15%3A_Precious_Metals_Art_and_Collectibles\/17.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">15.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\" target=\"_blank\" rel=\"noopener\">Chapter 16: Cryptocurrencies and NFTs<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\/18.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">16.1: Cryptocurrencies and NFTs<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/05%3A_Chapter_5\/Chapter_16%3A_Cryptocurrencies_and_NFTs\/18.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">16.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\" target=\"_blank\" rel=\"noopener\">Part 6: Miscellaneous Topics in Investing Including Real Estate<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\" target=\"_blank\" rel=\"noopener\">Chapter 17: Real Estate and Real Estate\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\" target=\"_blank\" rel=\"noopener\">\u00a0Trusts (REITs)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">17.1: Real Estate and Real Estate\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">\u00a0Trusts (REITs)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_17%3A_Real_Estate_and_Real_Estate_Investment_Trusts_(REITs)\/16.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">17.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\" target=\"_blank\" rel=\"noopener\">Chapter 18: Brokerages, Account Types, and Annuities<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.1: Brokerages<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.02%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.2: Account Types<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/15.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">18.3: Annuities<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_18%3A_Brokerages_Account_Types_and_Annuities\/18.S%3A_Summary\" target=\"_blank\" rel=\"noopener\">18.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\" target=\"_blank\" rel=\"noopener\">Chapter 19: Starting a Business: The Ultimate\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\/19.01%3A_New_Page\" target=\"_blank\" rel=\"noopener\">19.1: Starting a Business: The Ultimate\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/New_Page\/Chapter_19%3A_Starting_a_Business%3A_The_Ultimate_Investment\/19.03%3A_New_Page\" target=\"_blank\" rel=\"noopener\">19.S: Summary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\" target=\"_blank\" rel=\"noopener\">Back Matter Including Addendums and Bibliography: Books to Read (Good Stuff!)<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a>\n<ul>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/10%3A_Index\" target=\"_blank\" rel=\"noopener\">Index<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/20%3A_Glossary\" target=\"_blank\" rel=\"noopener\">Glossary<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing\" target=\"_blank\" rel=\"noopener\">Detailed Licensing<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/30%3A_Detailed_Licensing#\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Undeclared<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">Addendum A:\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Investment<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">\u00a0Clubs, BetterInvesting.org, and the\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Stock<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_A%3A_Investment_Clubs_BetterInvesting.org_and_the_Stock_Selection_Guide\" target=\"_blank\" rel=\"noopener\">\u00a0Selection Guide<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_B%3A_Internal_Rate_of_Return_and_Net_Present_Value\" target=\"_blank\" rel=\"noopener\">Addendum B: Internal\u00a0<\/a>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Rate of Return<\/div>\n<p><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Addendum_B%3A_Internal_Rate_of_Return_and_Net_Present_Value\" target=\"_blank\" rel=\"noopener\">\u00a0and Net\u00a0<\/a><\/p>\n<div class=\"glossarizer_replaced\" aria-expanded=\"false\">Present Value<\/div>\n<p>&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 4.0<\/em><\/a><\/li>\n<li><a href=\"https:\/\/biz.libretexts.org\/Bookshelves\/Finance\/Introduction_to_Investments_(Paiano)\/zz%3A_Back_Matter\/Bibliography%3A_Books_to_Read\" target=\"_blank\" rel=\"noopener\">Bibliography: Books to Read<\/a>\u00a0&#8211;\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>CC BY-NC-SA 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