Stocks and share ownership
A stock represents an ownership interest in a company. Its market price and the cash it distributes are separate parts of the investment result.
Markets & instruments
Understand what a contract or security actually represents.
Markets & instruments
Bonds, coupons and yield
A bond is a debt claim. Its coupon, trading price and yield answer different questions.
Exchange-traded funds
An ETF gives investors a tradable interest in a portfolio, but the label alone says little about the risks inside it.
Futures contracts
A futures position is exposure to a specified contract, including its size, expiry and settlement terms.
Calls, puts and option premiums
An option buyer pays for a contractual right. The seller accepts the corresponding obligation.