Amortization
Calculator. Interactive program calculates your periodic payment
for a given loan balance and stated, or
nominal, interest rate. In addition, creates a loan amortization
schedule and it can handle a balloon payment too.
http://www.bretwhissel.net/amortization/amortize.html
Barron's Online. Presents an
overview of world markets, expert investment ideas and advice,
and a complete statistical review of the preceding week's trading and
financial activity.
http://www.barrons.com/
Behavioral Finance, Stock
Valuation and Stock Image. A tool and a science to value stocks and
understand and master stock markets and investment -- with a
behavioral finance viewpoint -- courtesy of Peter Greenfinch.
(Français)
(Español)
http://perso.wanadoo.fr/pgreenfinch/
Bloomberg.com. Financial markets news and
information.
http://www.bloomberg.com
Bond
Calculator. Nice interactive bond valuation calculator. Note: for
the "yield to maturity" input you need to put in your "nominal" required
annual return.
http://www.calculator.com/calcs/bondcalc.html
The Bond Strategist. Previews and
reviews of credit markets and their related economies.
http://bondheads.com/
Business Valuation Techniques Information at Business.com. Links to
information on analytical approaches to valuing a firm, including cash
flow, economic value added, ratio comparison and
valuing equity as an option.
http://www.business.com/directory/financial_services/
investment_banking_and_brokerage/mergers_and_acquisitions_manda/
business_valuation_techniques/
CFA Institute.
[Fomerly the Association for Investment Management and
Research (AIMR).] Learn about the CFA Institute, the Chartered
Financial Analyst (CFA) designation and more.
http://www.cfainstitute.org/
Fama/French Forum.
Observations, opinion, research and links from financial economists
Eugene Fama and Kenneth French.
http://www.dimensional.com/famafrench/
The Financial Forecast
Center. Stock market, interest rate, inflation, and currency
exchange rate data, trends, and forecasts.
http://www.forecasts.org/
FINRA -- Financial Industry Regulatory
Authority. The largest independent regulator for all securities
firms doing business in the United States. Their Investors section
offers articles, interactive tools, alerts and other resources to help
make you a better investor.
http://www.finra.org/
FreeLunch.com.
A service provided by Moody's
Economy.com that helps you
find free eeconomic data, financial data, economic charts, economic
analysis, and demographic data.
http://www.economy.com/freelunch/default.asp
Getting
Started With Excel. Excellent set of Excel spreadsheet tutorials
courtesy of Dr. Sharon Garrison. NOTE: Excel spreadsheets can be used
to solve a wide variety of time-value-of-money (and other
valuation-type) problems.
http://www.studyfinance.com/lessons/excel/index.mv
Globeinvestor.com. Stocks,
investing and financial news from a Canadian perspective.
http://www.globeinvestor.com/
"An Introduction to Investment Theory". Excellent online textbook by Prof.
William Goetzmann introduces the foundations of portfolio theory -- risk versus
return, CAPM, beta, SML, APT, and more.
http://viking.som.yale.edu/will/finman540/classnotes/notes.html
Investing for Your
Future. A neat FREE, eleven-part, home study course developed by
the Rutgers Cooperative Extension system for beginning investors. See,
for example, Unit 2: Investing Basics.
http://www.investing.rutgers.edu/
Investor Education and
Assistance. The SEC's Office of Investor Education and Assistance
provides a variety of services to address the problems and questions you
may face as an investor.
http://www.sec.gov/investor.shtml
Investor Protection
Trust. Non-commercial investor education materials. Start your
journey to becoming an educated investor by reading
the "Seven Investor Education Booklets" that can be found in a link on
the right-hand side of the homepage. The booklets include such topics as
"The Basics for Investing in Stocks", "A Primer for Investing in Bonds",
and
"Maximize Your Retirement Investments".
http://www.investorprotection.org/
The Investor's
Clearinghouse. Investing basics and more from the Alliance for
Investor Education.
http://www.investoreducation.org/
Linear Interpolation Equation Formula Calculator. Sometimes we are
forced to use trial-and-error plus interpolation to find the
approximate Yield to Maturity (YTM) on a bond. This online calculator
helps you with the interpolation.
http://www.ajdesigner.com/phpinterpolation/linear_interpolation_equation.php
Mortgage
/ Bond Calculator. Calculator determines the present value for
mortgages, pure discount bonds, and coupon bonds. It will also
calculate the rate of return (or bond yield-to-maturity) that makes the
present value equal to a known market price for the security. It
will also build an amortization table for you.
http://www.econmodel.com/classic/calculators/pv1.php
Mortgage Loan
Calculator. Use this calculator (courtesy of KJE Computer
Solutions) to generate an amortization schedule
for a mortgage. Quickly see how much interest you will pay, and your principal
balances.
http://www.dinkytown.com/java/MortgageLoan.html
The Motley Fool. Wonderful online
investment education site, whose mission is to "To educate, amuse and
enrich" -- and they do!
http://www.fool.com/
Mutual Fund Advisor.
Articles on mutual funds, a glossary of mutual fund terms,
listed mutual funds by family and information about them, news,
historical facts and more.
http://www.mutual-funds-advisor.com/
NASDAQ. Highlights daily economic events and
provides analysis thereby helping you interpret economic news and
relate to market movements.
http://www.nasdaq.com/
Predict Wall Street -- The
Stock Market Prediction Community. Provides continually updated
forecasts of stock prices based on the collective wisdom of its users.
Since the stock market moves based on the collective thinking of
thousands of individuals, the more people who predict on PredictWallStreet.com, the
more potentially useful the information on the site becomes.
http://www.predictwallstreet.com/
Price Check
Calculator. Helps you estimate a fair price to pay for a stock based
on three main things: the company's earnings, the rate at which those
earnings are projected to grow, and the stock's volatility. You can also
tweak the variables to see how the valuation might change.
http://www.smartmoney.com/pricecheck/
Reuters | Stock Quotes. A
rich source of financial information. Enter a company name (or
ticker symbol) for a "Stock Overview" and click on "Go." Along with other inforamtion,
you will find an estimate of a company's
beta.
http://www.reuters.com/finance/stocks
Savings
Accounts Explained. Explanations that deal with aspects such as
interest rates, balances, Check 21, and more. Courtesy of
InvestorSavings.com.
http://www.investorsavings.com/savings-accounts.htm
SIFMA: Securities Industry and Financial
Markets Association. Represents the securities industry on
regulatory and
legislative issues and initiatives, and also serves as a forum for
outreach, training, education and community involvement.
http://www.sifma.org/
Statistical Analysis Web Sites
Against All
Odds: Inside Statistics. A video instructional series on
statistics for college and high school classrooms and adult
learners; 26 half-hour video programs and coordinated books. Users will
need to sign up to view each program, but this process is offered
at no charge.
http://www.learner.org/resources/series65.html
Statistics Every Writer
Should Know. Described in plain English, are some basic concepts in
statistics that every writer (and finance student) should know.
http://www.robertniles.com/stats/
Web Interface for Statistics Education
(WISE). Contains interactive statistics tutorials and links to
databases, on-line statistics journals and discussion groups, and links
to other sites dedicated to statistics.
http://wise.cgu.edu/
Z-Score and Normal Distribution Java Applets. Links to Java applets
useful for finding probabilities related to normal distributions.
http://psych.colorado.edu/~mcclella/java/zcalc.html
Stock Market
Watch. Up-to-date stock market news and information.
http://thestockmarketwatch.com/markets/today.aspx
Annuities:
Ordinary? Due? What do I do?. Tutorial (with quiz)
to help you better identify, understand, and calculate future and
present values of both ordinary annuities and annuities due.
http://web.utk.edu/~jwachowi/annuity1.html
Annuity Problems. Practice time-value-of-money annuity problems
with answers and detailed solutions.
http://web.utk.edu/~jwachowi/annuity_prob.pdf
"Growing
Annuities". Article explains how to
determine the future/present value of a growing annuity (i.e., an
annuity
in which the payments/receipts increase each period at a constant
percentage).
http://web.utk.edu/~jwachowi/growing_annuity.pdf
Rule of 72 (with
calculator). Get "doubling your money" exact answers plus "Rule
of 72" estimates courtesy of MoneyChimp.com.
http://www.moneychimp.com/features/rule72.htm
TI BA II Plus™
Professional Calculator Tutorials. Free, interactive online
"movie" tutorials designed to help students learn the
BA II Plus Professional's features.
http://www.atomiclearning.com/ti_ba2
Time Value of Money Formulas "Rosetta Stone".
In "Engineering Economy" a different set of notations is used for "time
value of money" formulas than is generally used in finance/accounting. Dr.
Lee at FIU provides his "Industrial Financial Decisions" students with
this handy summary of formulas in both engineering-speak and
finance-speak.
http://web.eng.fiu.edu/leet/EIN5359IndFinDec/EQ_Comparison_Excel.DOC
The Time Value of
Money (TVOM) Tutorial. This extensive tutorial reviews the basic
'Time Value of Money' (TVOM) or 'interest rate' formulas and
concepts.
http://www.frickcpa.com/tvom/default.asp
Using your financial calculator for financial calculations.
Professor Michael Kinsman provides explanations of your calculator's
financial functions (covers HP-12c, HP10B,
HP17B II, and TI BA II).
http://luna.pepperdine.edu/faculty/mkinsman/Calculators/Using.html
ValuationResources.Com.
Business valuation resources including links to valuation
publications, industry resources, economic data, public company
information, mergers and acquisitions data, etc. -- some of the
data providers linked to require a fee, but many do not.
http://valuationresources.com
ValuePro Stock Value
Calculator. Gives a baseline valuation for publicly traded
common stocks. Just enter the stock's ticker symbol. Users may also
change any of the inputs and revalue.
http://www.valuepro.net/index.shtml
Value Quotes. Quotes on
personal and business value.
http://www.valuequotes.net/
"What is
Market Efficiency?" Nice article explaining the concept of "market
efficiency" courtesy of Investopedia.com.
http://www.investopedia.com/articles/02/101502.asp
Yahoo! Bond Center. General
information about bonds, a glossary, the latest bond news, and a message
board.
http://finance.yahoo.com/bonds
Yield to
Maturity Calculator. Will help you to determine the
"annualized" (nominal annual) YTM of a bond that pays interest
semiannually. This "annualized" YTM is found by first determining the
semiannual YTM, and then doubling that figure. This is exactly what bond
traders do in calculating a YTM.
http://www.investopedia.com/calculator/AOYTM.aspx
Zacks Investment Research. Find
company information using their pull-down menu with company ticker
symbol. Requesting a "PDF Snapshot" will get you a company's
beta too.
http://www.zacks.com/