Investing

Should I invest in the stock market?

Markets

Primary Market

“new cars”

Secondary Market:

“used cars”… consists of the first, second, third, and fourth markets

First Market

trading of exchange listed securities on the floor of the stock exchange
  • New York (NYSE)

http://www.nyse.com/
  • American (AMEX)

http://www.amex.com/
  • Chicago (CHX)

http://www.chx.com/
  • NYSE Arca (Pacific)

http://www.archipelago.com/
  • Philadelphia (PHLX)

http://www.phlx.com/
  • Boston (BSE)

http://www.bostonstock.com/
  • National (Cincinnati) (NSX)

http://www.nsx.com/
  • Chicago Board Options Exchange

http://www.cboe.com/

Second Market

trading of securities which are not listed on an exchange, Over-The-Counter (OTC)
  • NASDAQ
    • National Market System (NMS or NNM)
    • Capital Market (small cap)

http://www.nasdaq.com/

http://www.nasd.com/

 
  • Over-The-Counter Bulletin Board

http://www.otcbb.com/

http://www.otcqx.com/

http://www.pinksheets.com/

Third Market

trading of exchange listed securities through OTC market makers

 

http://www.alphatrade.com/E_Gate/tails/java/classes/resources/level2/marketMakerIDs/m.html

Fourth Market

trading of securities directly between institutions, without a broker

 

 

bought by Reuters in 1989 (“Institutional Network”)

bought by Instinet and together called INET

bought by NASDAQ in 2005

bought by NYSE in 2005

Indexes

AMEX List of Indexes

here

Claymore/BNY BRIC/Sabrient/Zacks

http://www.claymore.com/ETF/Public/etf/ETFHome.aspx?ID=97c6dbf6-228e-4105-bc67-96f4e0cdf227

Cohen & Steers

http://www.cohenandsteers.com/

Dow Jones Indexes

http://www.djindexes.com/mdsidx/
  • Factiva

http://www.factiva.com/
  • Wilshire Associates

http://www.wilshire.com/

Deutsche Bank CROCI US+

http://www.amex.com/?href=/othProd/prodInf/OpPiIndMain.jsp?Product_Symbol=CROCI

http://www.ftportfolios.com/common/etf/productinfo/FDV/fdvprospectus.pdf

FTSE Group

http://www.ftse.com/

Fortune

http://money.cnn.com/magazines/fortune/

Greenwich-VAN hedge fund indices

http://www.vanhedge.com/

Index construction

http://www.ishares.com/library/index_construction.jhtml

Lehman Brothers

  • LehmanLive

http://www.lehman.com/fi/indices/global.htm

here

Morgan Stanley Capital International

http://www.mscibarra.com/products/indices/equity/definitions.jsp#WORLD
  • Barra

http://www.mscibarra.com/products/indices/licd/

NASDAQ Indexes

http://www.nasdaq.com/services/indexes/ViewIndexes/Nasdaq_100.aspx?symbol=IXNDX

Nuveen

http://www.nuveen.com/etf/resources/muni_index.aspx

Russell

http://www.russell.com/indexes/about/index_definitions.asp

Ryan Labs

http://www.ryanlabs.com/Products/Government.shtml

Standard & Poor’s

http://www.standardandpoors.com/

Record Highs and Lows

http://online.wsj.com/mdc/public/page/2_3047-indices_alltime.html?mod=topnav_2_3024

Stocks and Mutual Funds

Comprehensive Sites

Barron’s Online

http://www.barrons.com/

Bloomberg

http://www.bloomberg.com/

CBS MarketWatch

http://cbs.marketwatch.com/

Morningstar

http://www.morningstar.com/

MSN Money

http://moneycentral.msn.com/home.asp

Quicken

http://www.quicken.com/

Reuters

http://www.investor.reuters.com/

SmartMoney

http://www.smartmoney.com/

Yahoo Finance

http://finance.yahoo.com/

Wall Street Journal Online

http://wsj.com/

Hedge Funds

http://www.thehfa.org/Membersites.cfm

Charting and Analysis

BigCharts

http://www.bigcharts.com/

Dorsey Wright & Associates

http://www.dorseywright.com/

Financial Engines

https://www.financialengines.com/FeContent?act=presswelcome

Incredible Charts Pro

http://www.incrediblecharts.com/

MarketScreen

http://www.marketscreen.com/

NASD Mutual Fund Expense Analyzer

http://apps.nasd.com/investor_Information/ea/nasd/mfetf.aspx

Prophet.net

http://www.prophet.net/

StockCharts

http://stockcharts.com/charts/performance/

Stockworm

http://www.stockworm.com/

ValuEngine

http://www.valuengine.com/ (newsletter)

ValuePro

http://www.valuepro.com/

Wall Street Analyzer

http://www.lathuy.com/

Clubs and Forums

Mad Money Sounds

http://www.cnbc.com/id/18724672/site/14081545/

Marketocracy (Manage your Mutual Fund)

http://www.marketocracy.com/

Value Investors Club (value investor forum)

http://www.valueinvestorsclub.com/value2/index2.asp

Estimates and Recommendations

EarningsWhispers

http://www.earningswhispers.com/

WhisperNumber

http://www.whispernumber.com/

Zacks

http://www.zacks.com/

Fundalarm (when to sell a fund)

http://www.fundalarm.com/

Dividend Re-Investment Plans

http://www.dripinvestor.com/index.asp

Low-cost services:

 
  • BuyAndHold

http://www.buyandhold.com/
  • FOLIOfn

http://www.foliofn.com/
  • MyStockFund

http://www.mystockfund.com/
  • ShareBuilder

http://www.sharebuilder.com/

Funds

Closed-End Fund Association

http://www.cefa.com/

Investment Company Institute

http://ici.org/

Lipper

http://www.lipperweb.com/

Mutual Fund Store

http://www.mutualfundstore.com/

IPOs

123Jump IPO Center

http://www.123jump.com/ipo

EDGAR Online IPO

http://www.edgar-online.com/

Hoover’s Online IPO Central

http://www.hoovers.com/global/ipoc/

IPO Home

http://www.ipohome.com/

IPO Monitor

http://www.ipomonitor.com/

Yahoo IPOs

http://biz.yahoo.com/ipo/

Preferred Stocks

Preferred Stock Guide

http://www.preferredstockguide.com/

QuantumOnline

http://www.quantumonline.com/

Stock Market Simulation

Inspectd (guess if up or down)

http://www.inspectd.com/

Monte Carlo Simulation:

  • FinPortfolio
  • Sam Savage

 

http://www.finportfolio.com/

http://www.drsamsavage.com/

Stock Market Simulation

http://www.nationalsms.com/na_index2.php

UpDown

http://www.updown.com/

eToro (Forex Practice Trading)

http://www.etoro.com/forex-trading/

Webcasts

BestCalls.com

http://www.bestcalls.com/

Business Week Podcasts

http://www.businessweek.com/search/podcasting.htm

Business Week Video

http://www.businessweek.com/mediacenter/video/direct.html

Earnings.com

http://earnings.com/highlight.asp?client=cb

Fidelity Podcasts

here

Investor Calendar

http://www.quantumonline.com/

Pro MoneyTalk

http://www.promoneytalk.com/

Vcall

http://www.vcall.com/

WSJ Podcasts

http://online.wsj.com/public/page/8_0018.html?mod=8_0018

Exchange-Traded Funds

Comprehensive Sites

AAII Guide to ETFs

http://www.aaii.com/guides/ETFs/guide.pdf

AMEX

http://www.amex.com/

NASDAQ

http://www.nasdaq.com/

ETF Connect

http://www.etfconnect.com/

ETF Guide

  • Prospectus Links
  • ETF Ticker Symbol Guide

http://etfguide.com/

http://www.etfguide.com/prospectuslink.htm

http://etfguide.com/etftickerguide.php

Stock Encyclopedia ETF Guide

http://etf.stock-encyclopedia.com/

SeekingAlpha ETFs

http://etf.seekingalpha.com/

ETF Trends

http://www.etftrends.com/

Bond ETFs

Ameristock

Barclays  AGG; GVI, GBF; SHV, SHY, IEI, IEF, TLH, TLT, TIP, CSJ, CIU, CFT, HYG, LQD; MBB

Bear Stearns

State Street

Vanguard BND, BSV, BIV, BLV

Closed-End ETFs

http://www.etfconnect.com/select/cef/cef.asp  (issue fixed number of shares through an IPO)

Preferred stock

http://www.etfconnect.com/education/fundamentals_pref.asp  (share class underlying FI closed-end ETF)

IndexFunds

http://www.indexfunds.com/

Index Universe

http://www.indexuniverse.com/ (Search and Sort every U.S.-listed ETF and Index Fund)

Index ETFs (structured as shown below)

http://www.etfconnect.com/education/fundamentals_etf.asp

Morningstar ETF Screener

http://screen.morningstar.com/ETFScreener/Selector.html

Unit investment trust (reinvest dividends quarterly)

BLDRs (Bank of New York)

http://www.bldrsfunds.com/

Diamonds (DJIA)

http://www.amex.com/dia/index.html

NASDAQ 100 ETF Heat Map

http://screening.nasdaq.com/Heatmaps/Heatmap_ETF.asp

Qubes (NASDAQ 100, most active)

http://www.amex.com/etf/prodInf/EtPiPerf.jsp?Product_Symbol=QQQQ

SPDRs (S&P 500, first and most assets)

http://www.amex.com/spy/index.html

Open-end mutual fund (re-invest dividends when received, use index futures, make stock loans)

AB Svensk Exportkredit ELEMENTS

http://www.nasdaqtrader.com/Trader.aspx?id=InfoCirculars2007#ab

Barclays Global Investors (iShares and iPath Exchange Traded Notes – ETNs)

http://www.ishares.com

http://www.ipathetn.com  (ETNs are debt securities)

Claymore

http://www.claymore.com/etf/public/etf/etfhome.aspx

Fidelity (NASDAQ Tracking Stock)

http://www.fidelity.com/goto/oneq

First Trust

http://www.ftportfolios.com/retail/etf/etflist.aspx

PowerShares

http://www.powershares.com/

ProShares

http://www.proshares.com/

Rydex

http://www.rydexfunds.com/ (Trading Expense Calculator – ETF vs Fund comparison)

State Street

  • Select Sector SPDRs
  • streetTRACKS

 

http://www.spdrindex.com/

http://www.streettracks.com/

Van Eck (Market Vectors)

http://www.vaneck.com/etf/index.cfm?cat=3000

[e.g., Gold Miners (GDX), Steel (SLX), Environmental Services (EVX)]

Vanguard (Vipers)

http://flagship3.vanguard.com/VGApp/hnw/FundsVIPER?gh_sec=n

WisdomTree

http://www.wisdomtree.com/

Grantor trust (not registered as investment company, can take delivery of underlying securities)

iSHARES COMEX

  • Gold Trust (IAU)
  • Silver Trust (SLV)
  • S&P GSCI Commodity Index Trust

 

here

here

here

Merrill Lynch (HOLDRS, no index)

http://www.holdrs.com/

Rydex (CurrencyShares)

http://www.currencyshares.com/

streetTRACKS Gold Shares (GLD)

http://www.ssgafunds.com/etf/fund/etf_detail_GLD.jsp

Other structures (not registered as investment company, use futures contracts)

Victoria Bay Asset Management, LLC

United States Fund, LP

800-920-0259

Oil (USO), 12 Month Oil (USL), Natural Gas (UNG)

Deutsche Bank Commodity Services

PowerShares DB Funds

http://www.dbfunds.db.com/dbc/index.aspx

Agriculture (DBA), Base Metals (DBB), Commodity Index Tracking (DBC), Energy (DBE), Oil (DBO), Precious Metals (DBP), Silver (DBS), Gold (DGL)

ETF Examples

 

Stock Index

MSCI US Broad Mkt

 
  • Market Cap-weighted

VTI

DJ Wilshire 5000

 
  • Market Cap-weighted

IYY, TMV

S&P 500

 
  • Market Cap-weighted

IVV, SPY
  • Equal-weighted

RSP
  • Leveraged

SSO
  • Short

SH
  • Ultrashort

SDS

NASDAQ 100

 
  • Market Cap-weighted

QQQQ
  • Equal-weighted

QQEW
  • Leveraged

QLD
  • Short

PSQ
  • Ultrashort

QID

DJIA

 
  • Price-weighted (un-weighted)

DIA
  • Leveraged

DDM
  • Short

DOG
  • Ultrashort

DXD

MSCI ACW /EAFE / FTSI AW ex-US

 
  • Market Cap-weighted

CWI, EFA, VEU

DB CROCI US+

 
  • Equal-weighted

FDV

Bond Index

Lehman Brothers

 
  • Aggregate

BND, AGG
  • Short-term

BSV, CSJ
  • Intermediate-term

BIV, CIU
  • Long-term

BLV, TLH
  • Junk

HYG

Nanotechnology

Activest Lux Nanotech (Europe only)

here

Harris & Harris Group (TINY)

http://www.tinytechvc.com/newsite/index.html

PowerSHares Lux Nanotech Portfolio (PXN)

http://www.thestreet.com/newsanalysis/general/10347242.html

Country-specific ETF/ETN

India

EPI, IPN, IFN, IIF

International Securities

American Depository Receipts (ADR)

http://www.adr.com/

ADRs and holding company depository receipts (HOLDRS)

http://www.adrbny.com/

Euroland

http://www.euroland.com/

Europlace

http://www.paris-europlace.net/

Site-By-Site

http://www.site-by-site.com/

Fixed Income

Bondsonline

http://www.bondsonline.com/

Buy California Bonds

http://buycaliforniabonds.com/

Fixed Income Links

http://www.dwight.com/1resources.shtml

InvestinginBonds

http://www.investinginbonds.com/

McDep (publicly traded royalty trusts)

http://www.mcdep.com/

MunicipalBonds

http://www.municipalbonds.com/

Municipal Securities Rulemaking Board (MSRB)

http://www.msrb.org/msrb1/

National Association of Publicly Traded Partnerships

http://www.naptp.org/

NASD BondInfo

http://www.nasdbondinfo.com/

Schwab BondSource

Logon to http://www.schwab.com > Trade > Bonds

TreasuryDirect

  • Forms for negotiable securities
  • Forms for savings bonds
  • I-Bond Rates

http://www.treasurydirect.gov/

http://wwws.publicdebt.treas.gov/NC/FoRMSHome?FormType=TDF

http://wwws.publicdebt.treas.gov/NC/FoRMSHome?FormType=SBF

http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm

Real Estate Investment Trusts (REITs)

Invest in REITs

http://www.investinreits.com/

NAREIT Online

http://www.nareit.com/

REITcafe (podcasts)

http://www.reitcafe.com/REITcafe.html

REITNet

http://www.reitnet.com/

Realty Stocks & Funds

http://www.realtystocks.com/

Options and Futures

Futures and Options Exchanges

http://www.numa.com/ref/exchange.htm

National Futures Association

http://www.nfa.futures.org/

Chicago Board of Trade (CBOT)

http://www.cbot.com/

Chicago Board Options Exchange (CBOE)

http://www.cboe.com/

Commodity Futures Trading Commission

http://cftc.gov/

Options Industry Council

http://www.888options.com/

OptionsXpress (free tools & training)

http://www.optionsxpress.com/

Opinions

Message Boards

ClearStation

http://www.clearstation.com/

Instant Bull

http://www.instantbull.com/

Raging Bull

http://ragingbull.lycos.com/

The MF Community Discussion Boards

http://boards.fool.com/

Silicon Investor

http://www.siliconinvestor.com/

Guru Tracking

Does piggybacking gurus help?  Yes

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=891728

GuruFocus

http://www.gurufocus.com

Guru Grades (Forecast Accuracy)

http://www.cxoadvisory.com/gurus/#snapshot

Stockpickr

http://stockpickr.com/

Newsletters

Fisher Investments MarketMinder

http://www.marketminder.com/

Investing Communities

BullPoo

http://www.bullpoo.com/

Cake Financial

https://www.cakefinancial.com

CAPS

http://caps.fool.com/

Covestor

http://www.covestor.com/

Feeling Bullish

http://www.feelingbullish.com/

Seeking Alpha

http://seekingalpha.com/

SocialPicks

http://www.socialpicks.com/

StockTikr

http://www.stocktickr.com/

TradeKing

https://www.tradeking.com/

Trading Patterns

http://www.optionsxpress.com/welcome/tour/quotes/patterns.aspx

Value Forum

 

Value Investors Club

http://valueinvestorsclub.com/value2/index2.asp

Zecco

http://www.zecco.com/

Wikis and Blogs

The Motley Fool Blogs

EV38biotech, mysoftballcoach, rknapton, Tak3natheFlood, TMFDeej, TMFHighYield, weiwentg

$tock Gumshoe

http://www.stockgumshoe.com/

Wikinvest

http://www.wikinvest.com/

Wikistock

http://www.wikistock.com/wiki/Main_Page

Quotes

FreeRealTime

http://quotes.freerealtime.com