The Power of DRIPs: Compounding Power of Smart Dividend Investing Here's a book for individual investors, by an individual investor. I've made every mistake there is when it comes to money and investing, but I didn't give up. Along the way, I kept hearing about DRIPs (and DSPPs), and I thought that they were some outmoded investment models that went away after the discount brokers gave all of us retail investors a lot more trading choices and features. NOPE. What I found instead was that DRIPs - or dividend reinvestment plans - solved three very serious problems for me! One is that my investing became completely automated. My regular checking account ACH withdrawals meant we'd always make regular monthly investments, and at prices that would dollar-cost-average over the course of the year. Along with the lower fees across the board, this type of income investment also helped me keep from overtrading, saving me all sorts of extra transaction fees. Plus the power of reinvested dividends means compounded growth that we can use for income later when we need it. Join me as we explore how individual investors in 2015 can still take advantage of the power of investing in DRIPs to access the best blue chip companies - here and around the world - and get regular dividend payments from a personal portfolio of growth and income stocks. And the best part is that for me, it's part of an overall investment diversification plan that still includes my 401k, my Roth IRA, and a trading account for my stocks, options, and occasional commodity futures. DRIPs now equal compounded dividend income later! 1. Language: English. Narrator: Dave Garner. Audio sample: http://samples.audible.de/bk/acx0/054500/bk_acx0_054500_sample.mp3. Digital audiobook in aax.
Learn passive income with day trading, investing in dividends, options, online businesses, Bitcoin, and real estate. Become an expert within 30 days and live life on your terms. Transform your lifestyle.Do you want financial freedom and to live life on your terms? Do you want to learn the truth about passive income and how you can have recurring cash flow month after month with minimal effort? Are you tired of being lied to by all these supposed financial "gurus" who claim they make $10,000 per month - but in reality only make a fraction of what they disclose in actual net profit?The fact is that there is a lot of misinformation, scams, and myths out there when it comes to passive income. I go straight to the point, without fluff or sugarcoating the facts. I give you the cold, hard truth! I got tired of hearing all these "experts" spewing their outright lies on the Internet and deceiving people, so I decided to make my own audiobook that gives you actionable information to change your life's financial situation.Maybe you want another side hustle but just don't know where to start. In my audiobook, I go into in-depth details of the various business models that exist that you can tap into to achieve your financial goals.You will gain insights to the benefits and risks of each wealth-creation vehicle and be able to make better-informed decisions. Remember, in business there are always risks, but I teach you how to take measured risks and mitigate any potential pitfalls.Topics covered:Passive-income business modelsOptions tradingDividend investingIdentifying profitable day tradesMy personal dividend stock portfolioBusiness structures and proceduresBusiness principlesOnline business fundamentalsNo-money-down real estateSecretes to repairing bad credit score (template included)And much, much more!If you're tir 1. Language: English. Narrator: Sam Slydell. Audio sample: http://samples.audible.de/bk/acx0/130799/bk_acx0_130799_sample.mp3. Digital audiobook in aax.
This book covers foreign exchange options from the point of view of the finance practitioner. It contains everything a quant or trader working in a bank or hedge fund would need to know about the mathematics of foreign exchange--not just the theoretical mathematics covered in other books but also comprehensive coverage of implementation, pricing and calibration.With content developed with input from traders and with examples using real-world data, this book introduces many of the more commonly requested products from FX options trading desks, together with the models that capture the risk characteristics necessary to price these products accurately. Crucially, this book describes the numerical methods required for calibration of these models - an area often neglected in the literature, which is nevertheless of paramount importance in practice. Thorough treatment is given in one unified text to the following features:* Correct market conventions for FX volatility surface construction* Adjustment for settlement and delayed delivery of options* Pricing of vanillas and barrier options under the volatility smile* Barrier bending for limiting barrier discontinuity risk near expiry* Industry strength partial differential equations in one and several spatial variables using finite differences on nonuniform grids* Fourier transform methods for pricing European options using characteristic functions* Stochastic and local volatility models, and a mixed stochastic/local volatility model* Three-factor long-dated FX model* Numerical calibration techniques for all the models in this work* The augmented state variable approach for pricing strongly path-dependent options using either partial differential equations or Monte Carlo simulationConnecting mathematically rigorous theory with practice, this is the essential guide to foreign exchange options in the context of the real financial marketplace.Table of ContentsMathematical PreliminariesDeltas and Market ConventionsVolatility Surface ConstructionLocal Volatility and Implied VolatilityStochastic VolatilityNumerical Methods for Pricing and CalibrationFirst Generation Exotics - Binary and Barrier OptionsSecond Generation ExoticsMulticurrency OptionsLong-dated FX Options
The Black/Scholes model and other option valuation concepts are enjoying widespread application by theoreticians and practitioners. However, one must not ignore that model values do not necessarily meet market prices . The reason is that the model rationales are based on a perfect, frictionless market environment that no options market in reality can ever provide. This book describes and discusses the numerous market imperfections found in reality and the effects they have on option prices. Many of these factors are not obvious at first glance (e.g. market impact costs, trading restrictions, non-lognormal stock price distributions, taxes, dividends, and others). It is shown how these factors can cause the significant, systematic deviations of market prices from model values that are found in a variety of empirical studies. Alternative models that have been devised in an attempt to alleviate these biases are shown to be unable to capture them in a consistent fashion. This work provides the theoretician with a comprehensive survey and discussion of the current academic knowledge on the subject and its implications for option market efficiency. For the practitioner, the book opens the black box of option valuation models and sharpens the eye for the difference between theoretical elegance and practical applicability.
Container terminals are an important part of the logistics systems in international trade. Any improvement of terminal efficiency is likely to reduce the costs of transporting goods and to strengthen the trading position of the country. This book investigates the inbound and outbound container process of multimodal container terminals in a multi-ship and multi-berth environment. The aim is to develop mathematical models and analytical tools for yard operation and planning. This study concerns the yard-layout, storage locations, berth assignment, operation strategies as well as the sequencing and scheduling of container process. Models and solution techniques were developed in this book for solving large scale real-life problems at the seaport container terminal. These models establish the relationship between significant factors and the options for increasing throughput by discovering the bottlenecks, and are applicable as decision tools for operation planning, yard layout, and cost and benefit analysis for investment in infrastructures.
Derivative is the greatest financial innovations made in the history of finance.In India, Derivatives instruments such as Index futures, stock futures, stock options were introduced from 2000 onwards.The Bombay Stock Exchange lunched derivatives trading in the form of Index futures on June 9, 2000, followed by Index futures contracts on the S&P CNX Nifty Index of National Stock Exchange on June 12, 2000. After futures trading is introduced, the economic literature has intensified the debate over the impact of futures trading on the underlying spot index volatility. The impact of futures trading on the spot price volatility is a research topic around the world. It is intended to study the impact of index futures trading on the underlying spot index volatility. The study employs both standard deviations as well as advanced econometric models such as ARCH/GARCH. The results report that, the introduction of futures trading has resulted in decline in the spot market volatility, due to the futures trading, as the methodology employed has effectively isolated the volatility caused by futures trading from the volatility arising due to market wide factors.
The innovations made during the last years on financial activity have led to the emergence of increasingly complex figures, with new derivative and hybrid products. Among the existing products, options have experienced a spectacular growth in recent years, both in volume of trading, which has been considerable, growing to hundreds of millions of contracts and investors popularity. In this work analyse the main of Fixed Income Option Valuation Models. Interest rate is studies because of the different positions that the underlying asset can adopt. Whether the underlying asset is a future on debt, or an interest rate, the positions are different, so the valuation is different too. The literature analyzes this movement in options on spot (Hull, 2005). We have described one of the main differences between options on fixed income and options on spot. For this, based on Black (1976) model for options on interest rate futures, we have studied the influence of the underlying asset on the results obtained. Furthermore we have compared analytical solutions with the results obtained in the financial markets, analyzing the main differences.
Learn how C++ is used in the development of solutions for options and derivatives trading in the financial industry. As an important part of the financial industry, options and derivatives trading has become increasingly sophisticated. Advanced trading techniques using financial derivatives have been used at banks, hedge funds, and pension funds. Because of stringent performance characteristics, most of these trading systems are developed using C++ as the main implementation language.Options and Derivatives Programming in C++ covers features that are frequently used to write financial software for options and derivatives, including the STL, templates, functional programming, and support for numerical libraries. New features introduced in the C++11 and C++14 standard are also covered: lambda functions, automatic type detection, custom literals, and improved initialization strategies for C++ objects.Readers will enjoy the how-to examples covering all the major tools and concepts used to build working solutions for quantitative finance. It includes advanced C++ concepts as well as the basic building libraries used by modern C++ developers, such as the STL and Boost, while also leveraging knowledge of object-oriented and template-based programming. Options and Derivatives Programming in C++ provides a great value for readers who are trying to use their current programming knowledge in order to become proficient in the style of programming used in large banks, hedge funds, and other investment institutions. The topics covered in the book are introduced in a logical and structured way and even novice programmers will be able to absorb the most important topics and competencies.What You Will Learn Grasp the fundamental problems in options and derivatives trading Converse intelligently about credit default swaps, Forex derivatives, and more Implement valuation models and trading strategies Build pricing algorithms around the Black-Sholes Model, and also using the Binomial and Differential Equations methods Run quantitative finance algorithms using linear algebra techniques Recognize and apply the most common design patterns used in options trading Save time by using the latest C++ features such as the STL and the Boost libraries Who This Book Is ForProfessional developers who have some experience with the C++ language and would like to leverage that knowledge into financial software development. This book is written with the goal of reaching readers who need a concise, algorithms-based book, providing basic information through well-targeted examples and ready to use solutions. Readers will be able to directly apply the concepts and sample code to some of the most common problems faced in the analysis of options and derivative contracts.