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About this product
Product Identifiers
PublisherMcgraw-Hill Education
ISBN-100071543848
ISBN-139780071543842
eBay Product ID (ePID)63102027
Product Key Features
Book TitleInvesting from the Top Down: a Macro Approach to Capital Markets
Number of Pages304 Pages
LanguageEnglish
Publication Year2008
TopicTraining, Personal Finance / Money Management
IllustratorYes
GenreBusiness & Economics
AuthorAnthony Crescenzi
FormatHardcover
Dimensions
Item Height1 in
Item Weight20 oz
Item Length9.4 in
Item Width6.2 in
Additional Product Features
Intended AudienceTrade
LCCN2009-275560
Dewey Decimal333.7511
Table Of ContentSection I: Investing from the Top-Down The Leading Top-Down Factors: When to Buy When to Sell Section 2 Equities Consumer cyclicals Basic materials Financials Health care Oil & gas Technology Utilities Fixed-Income Securities U.S. Treasuries Investment-grade corporate bonds Junk bonds Agency Securities Mortgage-backed securities The money market Emerging debt markets Commodities Grains Metals Industrials Currencies Real estate Private equity Section 3 Stock up or reduce inventories Invest in capital equipment *Hire new workers *Choose a fixed rate or a floating rate debt obligation *Invest abroad *Manage foreign exchange risks
SynopsisIn Investing from the Top Down , Anthony Crescenzi, esteemed financial author and chief bond strategist for Miller Tabak & Co., explains how to develop new, highly effective investment strategies by taking a macro view of the factors shaping industries and markets. Emphasizing the importance of economic and market cycles (as opposed to a bottom-up approach, which places valuation ahead of the big picture) top-down investing is better suited for today's global economy and will likely become the dominant strategy in the future. Crescenzi provides more than fifty tools for analyzing domestic and international trends and indicators, such as GDP growth rates, inflation, interest and exchange rates, and energy prices. He then explains how to narrow your search down to region, total sales, price levels, competition, and entry/exit from market to make astute buying and selling decisions. Crescenzi explains why "thematic" investing is the ideal approach for: Taking full advantage of exchange traded funds (ETFs) Using the policies of central banks to steer your investments Designing diversification best suited for the long term Using sector selection to insulate your portfolio from risk Maximizing profits when market sentiment spikes or plummets Investing from the Top Down covers every major financial instrument and investment choice, from bonds, treasuries, and currencies to real estate, private equity, and emerging markets. Crescenzi concludes with an extensive list of market indicators, providing specific advice on how to exploit them using a top-down investment strategy. Investing from the Top Down provides everything you'll need to develop a sound strategy rather than making isolated choices. Comprehensive and forward-thinking, it will place you ahead of the game today and take you well into the 21st Century.