1 / 7

Money Management

Money Management. Definition.

morna
Download Presentation

Money Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Money Management

  2. Definition • The process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group. The predominant use of the phrase in financial markets is that of an investment professional making investment decisions for large pools of funds, such as mutual funds or pension plans.

  3. Portfolio Manager • Portfolio managers will usually work for a money management firm or pension fund to select and manage investments which meet the goals of a group of investors. Many managers now work in specialized commodity funds or hedge funds. Portfolio managers have different styles ranging from a bargain-hunting approach (value investing) to a growth stock selection approach. This work requires patience, discipline and a strong understanding of financial markets and companies.

  4. Top Firms (2007) • 1. State Street Global • 2. Barclays Global • 3. Fidelity Investments • 4. Legg Mason • 5. Mellon Financial • 6. Black Rock • 7. AIG Global Investment • 8. Northern Trust Global • 9. Wellington Mgmt. • 10. Vanguard Group

  5. Skills • People skills: High • Sales skills: Medium • Communication skills: High • Analytical skills: High • Ability to synthesize: High • Creative ability: Medium • Initiative: Medium • Work hours:55-75/week

  6. Investments Opportunities • Fixed income securities • mortgaged-backs • corporate bonds • municipal bonds • agency securities • asset-backed securities • Equities • small stocks • large caps • emerging market stocks

  7. Tips • Think About How You Are Going to Get Started • Know that this is a career • It's Important to Have a Broad Understanding of Business • Must be Able to Take Risk • Be comfortable handling others money

More Related