hapter nveStment Oncepts
1.INTRODUCTION
ombhna -7o make o decikion
xeTe the Kowdedae
activiny
withoT an of vhut he
oUTCOme moasoe
pecsloaTen - Ventofe uov mone an atwi
wi on expecunca of a lane etum
ofter e Shott time period Q) gear )
Seatee
of epenre bur sill ciska.
,
Lnvestmet Potdrse on aSser wir purpse of
etainnafor cosiderole rine period> gear)
1OcfeseS oves
ine provide 1sonade
retn les ris
DFFerence oeTween Tnvestment Specvlation
Tnvestmenr Speculerion
Term long tetml6 g0s +) shofr Tesn-2 9aas a mosr
MoT ve |enuies cessonade terun eauite casidesube erorn
,2.INVESTMENT OSJECTIVES
.u Spewlation
cASSer wirh aod To sal
iTo sustuntiod ptot
wrhia
eo.Hih is
2. Income
u SSei wTh
s
aim t0 eneiate ncome
ope t-entod - Dividen Fied daposin -IATaes
5. CopiT
4
GiowTh
hose for soo coo sJ
sm
for
(SA poy "api Grais
x)
mone
Porpose protec pucosiy power corT inkkrion (ar lessr cajd
4. Taleover & Meraer
9To totQover
a compunu/mene inder to becCme
mo te efkec rive
5.Contol over Raw Muteria/
DSTTbTrion Channe
f
trdependant oraanisations invdvec in The process motna
p ioduer /setvice vali ble for Use conS ump rion
,3.. Fnancial soments &Fnanci SecurTIes
Financia IstrumeTS
Monetun conTtr loarween pattHis & a olecrive tetm
thot ae tdabe.
ormonesis
os Securim
on Trdolalit o
e vodve poper thot Seves
E ta to *tusfer owngshipok. asSer fom
orread doymenm)
one
persoo to anoThar CviTvad
Financia Securimes
Finoncisd insrumens
Lnvestiwent
en
r an repfesem he ollorina
ownr (sate /Srao)
creditos dariorship wih comganso aowrment
bdbor
the iahrs+o snepleprion
ephasiS on auaranTee Funcrion
TO See sqwaNTee/SecufiT when uov
/
nunciad orme
applu
sset
for loon/overdra Fueilinies
aShares bons
Eat innid DdT osed
bused socsring Sinancia SecAi
SecuntiS
Petatate sses
,a- Shares
4 smadl onis of ovnerdnip thar
e upia oa ompsna orsSS of
Compones issve shoses
1 epandmeneoayie Serde dedr,bu
oise mone vom invesds eauipmet
V
imited 1iabilig
LovesToS buu snoes
Stue io componus
S
sae in s pofirs
, in fom ot dindndsshehddes
CpTde to Vote a aenera) .meennas
Shose Certificae
tos oowersh? Papor dacvmen ned toCompu wit number of preteapisites
4dspPead due to demeterilsaion
udhose dectenela hod in elecniu occoun
,b-bonds È GliTs
ekered o os ddoent ures
Bon&s trdode ddr iwuments issoe
u corpo rarions CddbenruRS
Gus 4 tadalle ddr instrumesssved
Siue or semi-Srute inStita nb NS
asi-Suie jnstiutins
Chafccter Stics i
Locans thar mssr be epasd on fuste dute marvri auno)
Fred pa petiodicalu
t
Intesestr musr be owner
Master frice tendsto
a arourd ssue pibe ar valve as master ieress tates
NOTe Gonds &
ais ofer li'He oppuituni re moke capiwd auins buT ase
sil inldkd
IpottFolo because ir povides inves»{ wTh CoEunr Siwed income
,3.2.SECURITIES EXCHANGE
SecvriT ome
o cfeates oPPutoniT
teaeher foc todia
So« potemid bougrs slles of a
SohannesbaSrcEdunnp (TSE) A NSE LSE
,
.3.STRATE DEMATERIALISATION
RA TE ShareTrarsecriors Totrll Elecronic
Tradin of Securites oo SSE faes lituted bu Stoddbroker
esylaad professienad
o buus
sals stocs So« dints thiaa
over ceunt fo
SE
t
a
CommISien
7
when dedis STtut Ovnership nusr
e tr6Semed berveen buuer
es snd
me musT
e made
STRATE (PT1
ve
Ld erSoems
sar wih hdp of cerain Oraenisuhns
Centad Secrinies Oapoiror
been auhotisd
t
who os
Panicipns CCsoP
-CSO South Afoias Cented
Secunes deposi to n erp recods of yacrshię o sheaes
,DEMATERIALIsATION
frodes wharebu opar shvare cerrificos ove converad to elecron c fomaT
2001
3.4. MoN EY MARKET
CAfI TAL MARKET
met n dare less ugr
Mone Marter CMM)
4 Tota) maker noednenisenot
siot tum Funds truded Secun tes yer mose
4E .ST
2. ST
Savinas occantS
Loas
Cu Aepaits, dneqyes (eain
loverokT n5rl.áun eredi pay
intelest
inreses
4Surps /sheerşal of ST Funds Con inflvene MM teresT ae.
Rrimory + Secondun nater.
Capirad Marten C<M)
4Marver Cmeduaism) hore lna torn onds ttuded Csecuri ries uea maT y
2 T
4E1. L n yesments CFied deposiis
,
Pachieiparicn leds eatns invus)
L Loas C no(uogs advnruics CPoyinTerest
Supvs Ishorr5.\ CM
i
L4 can nflvece teresr ate.
,3.5 PAIMARY MARVETS
Ke Functon Saciliranes capirad asowh enadina inaividvds to conver sarins
ivesTnen1s Fucl toses ompaies ro ssve new $ios to
coise monou airechu Scorn housdndds Fer oUsiness expansin o
meet inancid Sdiaarios
sted
shares Tradad fes srnme lissd ccmpinis lapvefmant Sell securirios for
tme
CMed Non-por Vadve Shats
er ed to os
..
Averoae isve pcice vadve per shae
Kiahrs Se -whin addrionad capina sreaitad o laher Sruoę
C
of daer
qude eai moo shates can be sved.
Tssue Prke= rice R new shate master
ice
sSharos. ConTains o on newlwrreT
shardndders parmes inTeresnod on udnasinaaew Snates.
,Note:apito Market Primaru Secondoru Naer
.b. SECCONDARY MARXET
Afrer new ses hare oaen issvel and bouar investoS those veSrs
Cn decide to hod or Tde thse dnas
mostur Prce = vdse o snete
4 Jereminad
y Sup? Oemand
Prie
Cun trude rice hraher /lower than oriainad issve
Vave o shates derermi ned on
Pmpanu Sucess
wo o monsaeme decisions
Sutoteptcsgezrs company
Xnore Trudina Tles place in Secondaa Matte
, .1. SHARE PRICE
share frice /mastar pne lice o wh shaies ore nded Secsndarmaer
derened Sp demano
Tapes frices
.bd +o
bu- iahen psice buugrs se vitna o pabuyrs eice)
L. Of5er to Sel- Lows Price slers wit sell oot (sllers erice)
. Martex Rcice
Last raded price CPrice ar hdn T TLion rooc place)
Price Trends then dereimined throuuh these 3 vadves
Es: 1. toBv 620 c
630C .fcice s under ogwad pesse
.
toSol
e
L.ORGet
Mut Pice 6loC Coexmerseriin liLd pote
bove 61o cents
Mortex fsice Move mens (asblishad in nawspupar
o closino frice
Price moVemen1
HiaestLows1 _prices fot he dan
Volume Tadad
1.INTRODUCTION
ombhna -7o make o decikion
xeTe the Kowdedae
activiny
withoT an of vhut he
oUTCOme moasoe
pecsloaTen - Ventofe uov mone an atwi
wi on expecunca of a lane etum
ofter e Shott time period Q) gear )
Seatee
of epenre bur sill ciska.
,
Lnvestmet Potdrse on aSser wir purpse of
etainnafor cosiderole rine period> gear)
1OcfeseS oves
ine provide 1sonade
retn les ris
DFFerence oeTween Tnvestment Specvlation
Tnvestmenr Speculerion
Term long tetml6 g0s +) shofr Tesn-2 9aas a mosr
MoT ve |enuies cessonade terun eauite casidesube erorn
,2.INVESTMENT OSJECTIVES
.u Spewlation
cASSer wirh aod To sal
iTo sustuntiod ptot
wrhia
eo.Hih is
2. Income
u SSei wTh
s
aim t0 eneiate ncome
ope t-entod - Dividen Fied daposin -IATaes
5. CopiT
4
GiowTh
hose for soo coo sJ
sm
for
(SA poy "api Grais
x)
mone
Porpose protec pucosiy power corT inkkrion (ar lessr cajd
4. Taleover & Meraer
9To totQover
a compunu/mene inder to becCme
mo te efkec rive
5.Contol over Raw Muteria/
DSTTbTrion Channe
f
trdependant oraanisations invdvec in The process motna
p ioduer /setvice vali ble for Use conS ump rion
,3.. Fnancial soments &Fnanci SecurTIes
Financia IstrumeTS
Monetun conTtr loarween pattHis & a olecrive tetm
thot ae tdabe.
ormonesis
os Securim
on Trdolalit o
e vodve poper thot Seves
E ta to *tusfer owngshipok. asSer fom
orread doymenm)
one
persoo to anoThar CviTvad
Financia Securimes
Finoncisd insrumens
Lnvestiwent
en
r an repfesem he ollorina
ownr (sate /Srao)
creditos dariorship wih comganso aowrment
bdbor
the iahrs+o snepleprion
ephasiS on auaranTee Funcrion
TO See sqwaNTee/SecufiT when uov
/
nunciad orme
applu
sset
for loon/overdra Fueilinies
aShares bons
Eat innid DdT osed
bused socsring Sinancia SecAi
SecuntiS
Petatate sses
,a- Shares
4 smadl onis of ovnerdnip thar
e upia oa ompsna orsSS of
Compones issve shoses
1 epandmeneoayie Serde dedr,bu
oise mone vom invesds eauipmet
V
imited 1iabilig
LovesToS buu snoes
Stue io componus
S
sae in s pofirs
, in fom ot dindndsshehddes
CpTde to Vote a aenera) .meennas
Shose Certificae
tos oowersh? Papor dacvmen ned toCompu wit number of preteapisites
4dspPead due to demeterilsaion
udhose dectenela hod in elecniu occoun
,b-bonds È GliTs
ekered o os ddoent ures
Bon&s trdode ddr iwuments issoe
u corpo rarions CddbenruRS
Gus 4 tadalle ddr instrumesssved
Siue or semi-Srute inStita nb NS
asi-Suie jnstiutins
Chafccter Stics i
Locans thar mssr be epasd on fuste dute marvri auno)
Fred pa petiodicalu
t
Intesestr musr be owner
Master frice tendsto
a arourd ssue pibe ar valve as master ieress tates
NOTe Gonds &
ais ofer li'He oppuituni re moke capiwd auins buT ase
sil inldkd
IpottFolo because ir povides inves»{ wTh CoEunr Siwed income
,3.2.SECURITIES EXCHANGE
SecvriT ome
o cfeates oPPutoniT
teaeher foc todia
So« potemid bougrs slles of a
SohannesbaSrcEdunnp (TSE) A NSE LSE
,
.3.STRATE DEMATERIALISATION
RA TE ShareTrarsecriors Totrll Elecronic
Tradin of Securites oo SSE faes lituted bu Stoddbroker
esylaad professienad
o buus
sals stocs So« dints thiaa
over ceunt fo
SE
t
a
CommISien
7
when dedis STtut Ovnership nusr
e tr6Semed berveen buuer
es snd
me musT
e made
STRATE (PT1
ve
Ld erSoems
sar wih hdp of cerain Oraenisuhns
Centad Secrinies Oapoiror
been auhotisd
t
who os
Panicipns CCsoP
-CSO South Afoias Cented
Secunes deposi to n erp recods of yacrshię o sheaes
,DEMATERIALIsATION
frodes wharebu opar shvare cerrificos ove converad to elecron c fomaT
2001
3.4. MoN EY MARKET
CAfI TAL MARKET
met n dare less ugr
Mone Marter CMM)
4 Tota) maker noednenisenot
siot tum Funds truded Secun tes yer mose
4E .ST
2. ST
Savinas occantS
Loas
Cu Aepaits, dneqyes (eain
loverokT n5rl.áun eredi pay
intelest
inreses
4Surps /sheerşal of ST Funds Con inflvene MM teresT ae.
Rrimory + Secondun nater.
Capirad Marten C<M)
4Marver Cmeduaism) hore lna torn onds ttuded Csecuri ries uea maT y
2 T
4E1. L n yesments CFied deposiis
,
Pachieiparicn leds eatns invus)
L Loas C no(uogs advnruics CPoyinTerest
Supvs Ishorr5.\ CM
i
L4 can nflvece teresr ate.
,3.5 PAIMARY MARVETS
Ke Functon Saciliranes capirad asowh enadina inaividvds to conver sarins
ivesTnen1s Fucl toses ompaies ro ssve new $ios to
coise monou airechu Scorn housdndds Fer oUsiness expansin o
meet inancid Sdiaarios
sted
shares Tradad fes srnme lissd ccmpinis lapvefmant Sell securirios for
tme
CMed Non-por Vadve Shats
er ed to os
..
Averoae isve pcice vadve per shae
Kiahrs Se -whin addrionad capina sreaitad o laher Sruoę
C
of daer
qude eai moo shates can be sved.
Tssue Prke= rice R new shate master
ice
sSharos. ConTains o on newlwrreT
shardndders parmes inTeresnod on udnasinaaew Snates.
,Note:apito Market Primaru Secondoru Naer
.b. SECCONDARY MARXET
Afrer new ses hare oaen issvel and bouar investoS those veSrs
Cn decide to hod or Tde thse dnas
mostur Prce = vdse o snete
4 Jereminad
y Sup? Oemand
Prie
Cun trude rice hraher /lower than oriainad issve
Vave o shates derermi ned on
Pmpanu Sucess
wo o monsaeme decisions
Sutoteptcsgezrs company
Xnore Trudina Tles place in Secondaa Matte
, .1. SHARE PRICE
share frice /mastar pne lice o wh shaies ore nded Secsndarmaer
derened Sp demano
Tapes frices
.bd +o
bu- iahen psice buugrs se vitna o pabuyrs eice)
L. Of5er to Sel- Lows Price slers wit sell oot (sllers erice)
. Martex Rcice
Last raded price CPrice ar hdn T TLion rooc place)
Price Trends then dereimined throuuh these 3 vadves
Es: 1. toBv 620 c
630C .fcice s under ogwad pesse
.
toSol
e
L.ORGet
Mut Pice 6loC Coexmerseriin liLd pote
bove 61o cents
Mortex fsice Move mens (asblishad in nawspupar
o closino frice
Price moVemen1
HiaestLows1 _prices fot he dan
Volume Tadad
