Investing From the Top Down: A Macro Approach to Capital Markets (PERSONAL FINANCE & INVESTMENT) - Hardcover

Crescenzi, Anthony

Hardcover

ISBN 10: 0071543848 ISBN 13: 9780071543842

Publisher: McGraw Hill, 2008

Synopsis

In 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.

About this title

Synopsis:

A leading financial expert shows how to develop an investment strategy based on macro trends and events. Top down investing emphasizes the importance of economic and market cycles in making investment decisions. Written by the chief bond strategist at Miller Tabak, "Investing from the Top Down" equips you with analytical tools to forecast investment opportunities more effectively. Crescenzi presents more than fifty analytical tools for all the major asset classes and investment instruments-from stocks and bonds to futures and commodities. Investors can use these tools to analyze macrotrends globally and in the USA. Crescenzi includes both international and national economic indicators such as GDP growth rates, inflation, interest rates, exchange rates, and energy prices for each asset class.

About the Author:

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

About this edition

• Publisher: McGraw Hill
• Publication date: 2008
• ISBN 10: 0071543848
• ISBN 13: 9780071543842
• Binding: Hardcover
• Number of pages: 304