Introduction

Options theory plays a major role in the modern theory of finance because it so clearly highlights the power of the comparison principle, based on the assumption that there are no arbitrage opportunities The previous chapter presented the theory in a simple and practical form, using the binomial lattice framework. That material is by itself sufficient to solve most options problems. There is, however, a continuous-time version of the theory and extensions of the lattice theory, which lead to new financial insights, allow consideration of more complex derivative securities, provide alternative computational methods, and prepare the way for the more complete theory of investment presented in the following chapters.

Retirement Planning For The Golden Years

Retirement Planning For The Golden Years

If mutual funds seem boring to you, there are other higher risk investment opportunities in the form of stocks. I seriously recommend studying the market carefully and completely before making the leap into stock trading but this can be quite the short-term quick profit rush that you are looking for if you am willing to risk your retirement investment for the sake of increasing your net worth. If you do choose to invest in the stock market please take the time to learn the proper procedures, the risks, and the process before diving in. If you have a financial planner and you definitely should then he or she may prove to be an exceptional resource when it comes to the practice of 'playing' the stock market.

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