June 2012
Intermediate to advanced
272 pages
4h 37m
English
book
Profiting with Synthetic Annuities: Option Strategies to Increase Yield and Control Portfolio Risk
by Michael Lovelady
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2. Synthetic Annuity Design
This chapter provides an overview of the synthetic annuity (SynA) and how options are used to achieve the design objectives outlined in the preface, including:
• The explicit use of hedging, insurance, and risk allocations in risk management instead of reliance on traditional portfolio models
• The desire for greater yields not related to market direction
• A recognition of behavioral influences on investor performance
• The growing importance of volatility-reducing quantitative methods, particularly those related to stock options
• The desire of many investors for annuity-like income streams
The presentation is somewhat unique in that there are no formulas. Structured securities, such as a SynA, become very complex ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.