Commodities For Dummies / Amine Bouchentouf.

Format:

Book

Author/Creator:

Bouchentouf, Amine, author.

Series:

--For dummies.

For dummies

Language:

English

Subjects (All):

Commodity exchanges.

Investments.

Commercial products.

Physical Description:

1 online resource (371 pages)

Edition:

Third edition.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., [2023]

Summary:

Add another dimension to your portfolio with commodities Commodities For Dummies gives you a complete overview of the basics of investing in commodities. Step-by-step explanations, plus the most up-to-date market information and global events, make it easy to invest in the stuff the world is made of. This book helps you identify the most valuable commodities to add to your portfolio, use commodities as a safe haven in shifting economic times, and come out on top. Learn quick, with real-life examples, expert advice, and basic explanations to get you involved in energy, agriculture, and metals. Pick up this book, and you'll be ready to select the right investment vehicles for you, manage risk, and reap the benefits of investing in commodities--the Dummies way. Get a crash course in the basics of global commodity trading and investing Discover how recent global events have impacted commodity prices and supply chains Find the right balance of commodities for your portfolio--in any market weather Understand the importance of ESG and renewables in the commodity investing landscape This is the perfect Dummies guide for investors who have a good grasp of the basics and want to continue to diversify their portfolio with--you guessed it--commodities.

Contents:

Intro

Title Page

Copyright Page

Table of Contents

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part 1 Commodities: Just the Facts

Chapter 1 Investors, Start Your Engines! An Overview of Commodities

Defining Commodities and Their Investment Characteristics

Going for a Spin: Choosing the Right Investment Vehicle

The futures markets

The equity markets

Publicly traded companies

Master limited partnerships

Managed funds

Physical commodity purchases

Checking Out What's on the Menu

Energy

Metals

Agricultural products

Chapter 2 Earn, Baby, Earn! Why You Should Invest in Commodities

You Can't Argue with Success

Why the 21st Century Is the Century of Commodities

Ka-boom! Capitalizing on the global population explosion

Brick by brick: Profiting from urbanization

Full steam ahead! Benefiting from industrialization

The BRIC countries

China

Brazil

What Makes Commodities Unique

Gaining from inelasticity

Finding a safe haven

Hedging against inflation

Taking time to bring new sources online

Sell in May and go away? Definitely nay!

Time to Get Down to Business: Commodities and the Business Cycle

Chapter 3 Investing in Commodities: Only for the Brave?

Biting Off More Than You Can Chew: The Pitfalls of Using Leverage

Watch Your Step: Understanding the Real Risks behind Commodities

Sovereign government risk

Geopolitical risk

Speculative risk

Corporate governance risk

Tracking Commodities from 2008 through the 2020 Global Pandemic

Origins of the 2008 crisis

The 2020 Pandemic

Managing Risk

Due diligence: Just do it

Commodity companies

Futures market

Commodity fundamentals

Diversify, diversify, diversify.

Chapter 4 Feel the Love: Welcoming Commodities into Your Portfolio

The Color of Money: Taking Control of Your Financial Life

Looking Ahead: Creating a Financial Road Map

Figuring out your net worth

Identifying your tax bracket

Determining your appetite for risk

Making Room in Your Portfolio for Commodities

Fully Exposed: The Top Ways to Get Exposure to Commodities

Looking toward the future with commodity futures

Commodity index

Futures commission merchant

Commodity trading advisor

Commodity pool operator

Funding your account with commodity funds

Commodity mutual funds

Exchange-traded funds

You're in good company: Investing in commodity companies

Part 2 Getting Started with Types of Investment Vehicles

Chapter 5 Benefiting from Exchange-Traded Funds

Getting to Know ETFs

Accessing a Variety of Commodity Markets through ETFs

Taking a Look at Leveraged ETFs

Chapter 6 Making a Splash: Investing in Liquid Commodity Instruments

Checking Out Commodity Indexes

Why indexes are useful

How to make money by using an index

From Head to Toe: Uncovering the Anatomy of a Commodity Index

Cataloguing the Five Major Indexes

The S&amp

P Goldman Sachs Commodity Index

Reuters/Jefferies Commodity Research Bureau Index

Dow Jones Commodity Index

Rogers International Commodities Index

Deutsche Bank Liquid Commodity Index

Determining Which Index to Use

Chapter 7 Show Me the Money! Choosing the Right Manager

Mutually Beneficial: Investing in Commodity Mutual Funds

Riddle me this, riddle me that: Asking the right questions

Taking a look at what's out there

The PIMCO Commodity Real Return Strategy Fund

The Oppenheimer Real Asset Fund

Additional commodity funds on the market

Mastering MLPs.

The ABCs of MLPs

The taxman only rings once

General partner

Limited partner

Cash flow is king

Distributable cash flow

Discretionary cash flow

The nuts and bolts of MLP investing

Heads up! Risk and MLPs

Relying on a Commodity Trading Advisor

Jumping into a Commodity Pool

Chapter 8 Exploring Commodity Exchanges and Digital Assets

Why Do We Have Commodities Exchanges Anyway?

Identifying the Major Commodity Exchanges

Ready, Set, Invest: Opening an Account and Placing Orders

Choosing the right account

Self-directed account

Managed account

Placing orders

Understanding contract parameters

Defining different types of orders

Tracking your order from start to finish

The clerk

The floor broker

The floor trader

The card clocker

The floor runner

The price reporter

The ring supervisor

Keeping up at the exchange

Owning a Piece of an Exchange

What Are Digital Assets Anyway?

Chapter 9 Back to the Future: Getting a Grip on Futures and Options

Taking the Mystery out of Futures and Options

The Future Looks Bright: How to Trade Futures Contracts

The competition: Who trades futures?

Getting over the hedge

The truth about speculators

Contract specs: Keeping track of all the moving pieces

Underlying asset

Underlying quantity

Product grade

Price quote

Price limits

Trading months

Delivery location

Last trading day

Trading hours

For a Few Dollars Less: Trading Futures on Margin

Taking a Pulse: Figuring Out Where the Futures Market Is Heading

Contango: It takes two to tango

Backwardation: One step forward, two steps back

Keeping Your Options Open: Trading with Options

Following options in action

Understanding trader talk

Selecting option characteristics

Call options: Calling all investors.

Put options: Putting everything on the line

Looking at American options

Taking the European alternative

Part 3 The Power House: How to Make Money in Energy

Chapter 10 Keeping It Natural: Investing in Renewable Energy

Always Brand-Spanking New: Getting to Know Renewable Energy

Sunny Delight: Investing in Solar Energy

Fast and Furious: Trading in Wind Energy

Betting on Biomass

Chapter 11 It's a Crude, Crude World: Investing in Crude Oil

Seeing the Crude Realities

No need for a reservation: Examining global reserve estimates

Staying busy and productive: Looking at production figures

It's a demanding field: Checking out demand figures

Going in and out: Eyeing imports and exports

Going Up the Crude Chain

Making Big Bucks with Big Oil

Oil companies: Lubricated and firing on all cylinders

Flying solo: Looking at individual oil companies

Oil company ETFs: Strength in numbers

Get your passport ready: Investing overseas

Chapter 12 Welcome to Gas Vegas, Baby! Trading Natural Gas

What's the Use? Looking at Natural Gas Applications

Calling all captains of industry: Industrial uses of natural gas

If you can't stand the heat, get out of the kitchen! Natural gas in your home

Going commercial: Natural gas's commercial uses

Truly electrifying! Generating electricity with natural gas

Getting from here to there: Natural gas and transportation

Liquefied Natural Gas: Getting Liq uid without Getting Wet

Investing in Natural Gas

Natural selection: Trading nat gas futures

Nat gas companies: The natural choice

Chapter 13 Fuel for Thought: Looking at Alternative Energy Sources

Digging Up New Energy Sources

Reexamining King Coal: Not As Scary As You Think

Coal hard facts

Paint it black

It's a coal investment

Coal futures contract

Coal company.

Investing in Nuclear Power: Going Nuclear without Going Ballistic

Uranium equities

Uranium ETF

Uranium futures

You've Been Zapped! Trading Electricity

Brushing up on current affairs

Investing in the power industry

Charged and ready to go

Power to the people

Chapter 14 Totally Energized: Investing in Energy Companies

Bull's-Eye! Profiting from Oil Exploration and Production

Going offshore

Staying on dry land

Servicing the oil fields

Oh My, You're So Refined! Investing in Refineries

Becoming an Oil Shipping Magnate

Swimming in oil: Transportation supply and demand

Crude oil ships ahoy!

Masters of the sea: Petroleum shipping companies

Swimming with sharks: Avoiding industry risk

The New Kids on the Block: EV Transportation Companies

Part 4 Pedal to the Metal: Investing in Metals

Chapter 15 All That Glitters: Investing in Gold, Silver, and Platinum

Going for the Gold

Getting to know the gold standard

What makes gold valuable

How to measure gold

Good as gold: Finding ways to invest in gold

Let's get physical

Gold ETFs

Stocks in gold companies

Gold contracts

Get the Tableware Ready: Investing in Silver

Checking out the big picture on the silver screen

Getting a Sliver of Silver in Your Portfolio

Buying physical silver

Buying the silver ETF

Looking at silver-mining companies

Checking out silver futures contracts

Bling Bling: Investing in Platinum

Gathering platinum facts and figures

Going platinum

Platinum futures contract

Platinum-mining companies

Chapter 16 Metals That Prove Their Mettle: Steel, Aluminum, and Copper

Building a Portfolio That's as Strong as Steel

Steely facts

Investing in steel companies

Aluminum: Illuminating the Details

Just the aluminum facts

Aluminum futures

Aluminum companies.

Paying a Visit to Dr. Copper.

Notes:

Description based on print version record.

Includes index.

ISBN:

9781394155163

1394155166

OCLC:

1371296737