Bond-market

For the average newcomer to investing this is an OK book, but it does focus alot on subjects you probably do not need to know unless you plan on working for a brokerage firm. It does give good descriptions and examples of all the security instruments (stocks, bonds, options, futures, etc.) but it accounts for only about 50% of the book. The rest is in my opinion redundant to the lay-person and is in places woefully out of date (especially the taxation section). If updated, I would rate this a 4, but given the age of the text, I would recommend looking elsewhere for an introduction to financial markets.

Are you getting NASD series 7 registered? For quick references and review this book will make a wonderful addition to your study materials. It's definitely a keeper.

If you're new to the financial world and want to understand the lingo, terrain, and equipment of pure capitalism, this book is for you. Don't let the 1991 publication date fool you. Aside from some out-of-date tax information in a later chapter, this book packs an amazing amount of useful financial clues and explanations. One of the strongest features of this text is its use of examples. Whether it's options, futures, or IPOs, the authors provide number-based scenarios to guide the reader towards understanding. This book will not excite you or show how to make $2 million in the stock market. It will help you understand many of the financial instruments which comprise capitalism.