Publisher's Synopsis
Maria Bartaromo gives the price earnings ratio of a top stock on CNBC. A top analyst proclaims the next hot growth stocks in Smart Money magazine. Personal finance web sites such as The Street.com feed investors' appetite for up-to-the minute information. There's no escaping the financial news. It's on almost everywhere during the day - from health clubs to airports to banks and bars. But what are they are saying? And what does it all mean? Investors have more access to information than they have ever had, and, in order to make the most of it, they need to understand what the pros are saying.;With investors now holding an average Nasdaq stock for 5 months versus 2 years a decade ago, they need more knowledge to manage their money. According to the Consumer Federation of America, only 38 per cent of investors know that when interest rates go up, bond prices go down. This text provides investors with the information they need to know to make smart investment decisions. It demystifies the reports, the news, the online bulletins so that investors can better understand Wall Street, separate the fact from the hype, and maximize their returns.;As investors take control of their own investment portfolios, they need to know how much faith they should put in the information that flows out of Wall Street. And now that investors have access to key information the same time the pros do, they need to learn how to profit from it. This volume gives investors the tools they need to decipher the information in an accessible, reader-friendly way. While both "How Wall Street Works" and "The First Time Investor" are geared specifically to beginners and focus more on the mechanics of Wall Street and investing, this book is for any level investor who wants to make the most of the new information on Wall Street.
