Customer Reviews

Investments

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Excellent book, but the Securities Markets chapter (six) is slightly dated, through no fault of the authors. The ECNs were taking tremendous volume away from the established exchanges. The exchanges reacted by increasing their electronic trading and by buying the competition. Currently two big mergers have taken place which will change the shape of the market place. The NYSE has merged with Archipelago and Nasdaq has merged with Instinet. Exactly what will result from these mergers is unclear but radically change is uncertain.

Investments by Frank Reilly. This college level text is a wonderful source of information for beginning investors as well as seasoned Registered Representatives. The material is presented in a fashion that is easily understood with several examples and stories to illustrate the theories and practices of all investments. Not only does this book cover the traditional topics of Equity and Debt investments it also covers the ins and outs of futures, commodities, derivatives, currency and precious metals. The first chapters lead off with an indepth explanation of the markets for each investment and how investments get to market. The techinical discussion of bringing an issue to market and the financing of corporate america is very helpful and enlightening. 13 years after graduating with a degree in Finance I still refer to this excellent work by Frank Reilly for everyday information.