Commodities for Dummies
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2023
|
| Ausgabe: | 3rd ed |
| Online-Zugang: | DE-2070s |
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Inhaltsangabe:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Commodities: Just the Facts
- Chapter 1 Investors, Start Your Engines! An Overview of Commodities
- Defining Commodities and Their Investment Characteristics
- Going for a Spin: Choosing the Right Investment Vehicle
- The futures markets
- The equity markets
- Publicly traded companies
- Master limited partnerships
- Managed funds
- Physical commodity purchases
- Checking Out What's on the Menu
- Energy
- Metals
- Agricultural products
- Chapter 2 Earn, Baby, Earn! Why You Should Invest in Commodities
- You Can't Argue with Success
- Why the 21st Century Is the Century of Commodities
- Ka-boom! Capitalizing on the global population explosion
- Brick by brick: Profiting from urbanization
- Full steam ahead! Benefiting from industrialization
- The BRIC countries
- China
- Brazil
- What Makes Commodities Unique
- Gaining from inelasticity
- Finding a safe haven
- Hedging against inflation
- Taking time to bring new sources online
- Sell in May and go away? Definitely nay!
- Time to Get Down to Business: Commodities and the Business Cycle
- Chapter 3 Investing in Commodities: Only for the Brave?
- Biting Off More Than You Can Chew: The Pitfalls of Using Leverage
- Watch Your Step: Understanding the Real Risks behind Commodities
- Sovereign government risk
- Geopolitical risk
- Speculative risk
- Corporate governance risk
- Tracking Commodities from 2008 through the 2020 Global Pandemic
- Origins of the 2008 crisis
- The 2020 Pandemic
- Managing Risk
- Due diligence: Just do it
- Commodity companies
- Managed funds
- Futures market
- Commodity fundamentals
- Diversify, diversify, diversify
- Chapter 4 Feel the Love: Welcoming Commodities into Your Portfolio
- The Color of Money: Taking Control of Your Financial Life
- Looking Ahead: Creating a Financial Road Map
- Figuring out your net worth
- Identifying your tax bracket
- Determining your appetite for risk
- Making Room in Your Portfolio for Commodities
- Fully Exposed: The Top Ways to Get Exposure to Commodities
- Looking toward the future with commodity futures
- Commodity index
- Futures commission merchant
- Commodity trading advisor
- Commodity pool operator
- Funding your account with commodity funds
- Commodity mutual funds
- Exchange-traded funds
- You're in good company: Investing in commodity companies
- Publicly traded companies
- Master limited partnerships
- Part 2 Getting Started with Types of Investment Vehicles
- Chapter 5 Benefiting from Exchange-Traded Funds
- Getting to Know ETFs
- Accessing a Variety of Commodity Markets through ETFs
- Taking a Look at Leveraged ETFs
- Chapter 6 Making a Splash: Investing in Liquid Commodity Instruments
- Checking Out Commodity Indexes
- Why indexes are useful
- How to make money by using an index
- From Head to Toe: Uncovering the Anatomy of a Commodity Index
- Cataloguing the Five Major Indexes
- The S&
- P Goldman Sachs Commodity Index
- Reuters/Jefferies Commodity Research Bureau Index
- Dow Jones Commodity Index
- Rogers International Commodities Index
- Deutsche Bank Liquid Commodity Index
- Determining Which Index to Use
- Chapter 7 Show Me the Money! Choosing the Right Manager
- Mutually Beneficial: Investing in Commodity Mutual Funds
- Riddle me this, riddle me that: Asking the right questions
- Taking a look at what's out there
- The PIMCO Commodity Real Return Strategy Fund
- The Oppenheimer Real Asset Fund
- Additional commodity funds on the market
- Mastering MLPs
- The ABCs of MLPs
- The taxman only rings once
- General partner
- Limited partner
- Cash flow is king
- Distributable cash flow
- Discretionary cash flow
- The nuts and bolts of MLP investing
- Heads up! Risk and MLPs
- Relying on a Commodity Trading Advisor
- Jumping into a Commodity Pool
- Chapter 8 Exploring Commodity Exchanges and Digital Assets
- Why Do We Have Commodities Exchanges Anyway?
- Identifying the Major Commodity Exchanges
- Ready, Set, Invest: Opening an Account and Placing Orders
- Choosing the right account
- Self-directed account
- Managed account
- Placing orders
- Understanding contract parameters
- Defining different types of orders
- Tracking your order from start to finish
- The clerk
- The floor broker
- The floor trader
- The card clocker
- The floor runner
- The price reporter
- The ring supervisor
- Keeping up at the exchange
- Owning a Piece of an Exchange
- What Are Digital Assets Anyway?
- Chapter 9 Back to the Future: Getting a Grip on Futures and Options
- Taking the Mystery out of Futures and Options
- The Future Looks Bright: How to Trade Futures Contracts
- The competition: Who trades futures?
- Getting over the hedge
- The truth about speculators
- Contract specs: Keeping track of all the moving pieces
- Underlying asset
- Underlying quantity
- Product grade
- Price quote
- Price limits
- Trading months
- Delivery location
- Last trading day
- Trading hours
- For a Few Dollars Less: Trading Futures on Margin
- Taking a Pulse: Figuring Out Where the Futures Market Is Heading
- Contango: It takes two to tango
- Backwardation: One step forward, two steps back
- Keeping Your Options Open: Trading with Options
- Following options in action
- Understanding trader talk
- Selecting option characteristics
- Call options: Calling all investors
- Put options: Putting everything on the line
- Looking at American options
- Taking the European alternative
- Part 3 The Power House: How to Make Money in Energy
- Chapter 10 Keeping It Natural: Investing in Renewable Energy
- Always Brand-Spanking New: Getting to Know Renewable Energy
- Sunny Delight: Investing in Solar Energy
- Fast and Furious: Trading in Wind Energy
- Betting on Biomass
- Chapter 11 It's a Crude, Crude World: Investing in Crude Oil
- Seeing the Crude Realities
- No need for a reservation: Examining global reserve estimates
- Staying busy and productive: Looking at production figures
- It's a demanding field: Checking out demand figures
- Going in and out: Eyeing imports and exports
- Going Up the Crude Chain
- Making Big Bucks with Big Oil
- Oil companies: Lubricated and firing on all cylinders
- Flying solo: Looking at individual oil companies
- Oil company ETFs: Strength in numbers
- Get your passport ready: Investing overseas
- Chapter 12 Welcome to Gas Vegas, Baby! Trading Natural Gas
- What's the Use? Looking at Natural Gas Applications
- Calling all captains of industry: Industrial uses of natural gas
- If you can't stand the heat, get out of the kitchen! Natural gas in your home
- Going commercial: Natural gas's commercial uses
- Truly electrifying! Generating electricity with natural gas
- Getting from here to there: Natural gas and transportation
- Liquefied Natural Gas: Getting Liq uid without Getting Wet
- Investing in Natural Gas
- Natural selection: Trading nat gas futures
- Nat gas companies: The natural choice
- Chapter 13 Fuel for Thought: Looking at Alternative Energy Sources
- Digging Up New Energy Sources
- Reexamining King Coal: Not As Scary As You Think
- Coal hard facts
- Paint it black
- It's a coal investment
- Coal futures contract
- Coal company
- Investing in Nuclear Power: Going Nuclear without Going Ballistic
- Uranium equities
- Uranium ETF
- Uranium futures
- You've Been Zapped! Trading Electricity
- Brushing up on current affairs
- Investing in the power industry
- Charged and ready to go
- Power to the people
- Chapter 14 Totally Energized: Investing in Energy Companies
- Bull's-Eye! Profiting from Oil Exploration and Production
- Going offshore
- Staying on dry land
- Servicing the oil fields
- Oh My, You're So Refined! Investing in Refineries
- Becoming an Oil Shipping Magnate
- Swimming in oil: Transportation supply and demand
- Crude oil ships ahoy!
- Masters of the sea: Petroleum shipping companies
- Swimming with sharks: Avoiding industry risk
- The New Kids on the Block: EV Transportation Companies
- Part 4 Pedal to the Metal: Investing in Metals
- Chapter 15 All That Glitters: Investing in Gold, Silver, and Platinum
- Going for the Gold
- Getting to know the gold standard
- What makes gold valuable
- How to measure gold
- Good as gold: Finding ways to invest in gold
- Let's get physical
- Gold ETFs
- Stocks in gold companies
- Gold contracts
- Get the Tableware Ready: Investing in Silver
- Checking out the big picture on the silver screen
- Getting a Sliver of Silver in Your Portfolio
- Buying physical silver
- Buying the silver ETF
- Looking at silver-mining companies
- Checking out silver futures contracts
- Bling Bling: Investing in Platinum
- Gathering platinum facts and figures
- Going platinum
- Platinum futures contract
- Platinum-mining companies
- Chapter 16 Metals That Prove Their Mettle: Steel, Aluminum, and Copper
- Building a Portfolio That's as Strong as Steel
- Steely facts
- Investing in steel companies
- Aluminum: Illuminating the Details
- Just the aluminum facts
- Aluminum futures
- Aluminum companies
- Paying a Visit to Dr. Copper