《经济学专业英语教程(第三版·下)》Unit-5.pptVIP

Unit5Text:Investments（投资）

1.Keywords2.Definitionofinvestmentenvironmentandprocess3.Investmentenvironment4.Investmentprocess5.Questions

1.KeywordsinvestmentenvironmentmarketablesecuritiesinvestmentprocesscalloptionsoncommonstocksrealinvestmentfinancialinvestmentmortgagebonddebenturebondprimarymarketsecondarymarketTreasurybondfinancialintermediariesinvestmentpolicysecurityanalysistechnicalanalysisfundamentalanalysisoverpricedstocksunderpricedstocksportfolioconstructionportfoliorevisionportfolioperformanceevaluation,

2.Definitionofinvestmentenvironmentandprocess2.1Definitionofinvestment2.2Realinvestmentandfinancialinvestment2.3Definitionofinvestmentenvironment2.4Definitionofinvestmentprocess

2.1DefinitionofinvestmentInvestment,initsbroadestsense,meansthesacrificeofcurrentdollarsforfuturedollars.Twodifferentattributesaregenerallyinvolved:timeandrisk.

2.2Realinvestmentandfinancialinvestment2.2.1RealinvestmentRealinvestmentsgenerallyinvolvesomekindoftangibleassets,suchasland,machinery,orfactories.2.2.2FinancialinvestmentFinancialinvestmentsinvolvecontractswrittenonpiecesofpaper,suchascommonstocksandbonds.

2.3DefinitionofinvestmentenvironmentTheinvestmentenvironmentencompassesthekindsofmarketablesecuritiesthatexistandwhereandhowtheyareboughtandsold.

2.4DefinitionofinvestmentprocessTheinvestmentprocessisconcernedwithhowaninvestorshouldproceedinmakingdecisionsaboutwhatmarketablesecuritiestoinvestin,howextensivetheinvestmentsshouldbe,andwhentheinvestmentsshouldbemade.

3.Investmentenvironment3.1Securities3.2Securitymarkets3.3Financialintermediaries

3.1Securities3.1.1Definitionofsecurity3.1.2Therateofreturnofsecurity

3.1.1DefinitionofsecurityIngeneral,onlyapieceofpaperrepresentstheinvestor’srightstocertainprospectsorpropertyandtheconditionsu