英語で投資情報収集の掲示板

減資　capital reduction
増資　capital increase
配当金　dividend


米国債　US Treasuries

償還期間が1年以内の割引債　Treasury Bill (T-Bills)
償還期限が2年以上10年以下の利付債 Treasury Note (T-Notes)
償還期限が10年超の利付債 Treasury Bond (T-Bonds)

久々の更新です。今月のFOMCでは、0.25%の利上げが確実視されていますが、それに関連したNewsで使われる表現です。

FOMC Seen Maintaining Rate Guidance in Statement
Large majority see no guidance change, with some looking for dovish shift

dovish 【形】ハト派の　↔　　hawkish 【形】タカ派の

>>2

brick-and-mortar store/company=phisical retailer↔︎e-commerce

long-term interest rate　長期金利
prices 物価
recession 景気後退
unemployment rate/jobless rate 失業率

capital alliance 資本提携
customer satisfaction 顧客満足
ecommerce platform 電子取引プラットフォーム
get competitive quotes from ～から相見積もりを取る

parent company 親会社
subsidiary 子会社

acquire a __% stake in A
Aに_%出資する　Aの_%の株式を取得する

convertible bonds　転換社債

<投資に関する名言>

Although it’s easy to forget sometimes, a share is not a lottery ticket. It’s part ownership of a business.　
–––Peter lynch

In the long run, it’s not just how much money you make that will determine your future prosperity. It’s how much of that money you put to work by saving it and investing it.
–––Peter Lynch

Buy not on optimism, but on arithmetic.
–––Benjamin Graham

In the short run, the market is a voting machine, but in the long run, it is a weighing machine.
–––Benjamin Graham

Buy when everyone else is selling and hold when everyone else is buying.
–––Jean Paul Getty

Don’t work for money. Make it work for you.
–––Robert Toru Kiyosaki

Every once in a while, the market does something so stupid it takes your breath away.
–––James Cramer

If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
–––George Soros

In bear markets, stocks return to their rightful owners
–––John Pierpont Morgan

Remember that the stock market is a manic depressive.
–––Warren Edward Buffett

◆liquidation of position　　ポジションの清算

<使用例>

Global investment banks Credit Suisse Group AG and Nomura Holdings Inc. said they could incur substantial losses from dealings with a U.S. client, days after a multibillion-dollar fire sale of stocks from a large investment fund.

Neither bank named its respective client. In recent days, losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported.

◆dividend　配当金
◆retained earnings　　利益剰余金

<使用例>
Cash dividends are the payments a corporation makes to its shareholders as a return of the company's profits. Paid on a per-share basis, only the shareholders on record by a certain date are entitled to receive the cash payout. Dividends and retained earnings are closely linked, since dividend payments come from those earnings.

久々の更新です。今回も基本的な用語についてです。

◆margin　信用取引　↔　spot　現物取引
◆selling short　空売り
◆futures trading 先物取引
◆unrealized gain/profit　未実現益/含み益
◆latent gain　含み益

◆emerging market　新興国市場/新興市場
◆market capital 　時価総額
◆tariff 関税

◆debt　負債
◆equity　株主資本

<Investopediaより>

3 Ways JPMorgan Is Going 'Risk-On' in 2020

By Mark Kolakowski
Updated Dec 12, 2019

JPMorgan says that investors should sharply boost their appetite for risk in 2020 by going overweight in stocks, while remaining underweight in bonds and shorting gold. “If cyclical or policy risks recede into 2020, it would be difficult for asset allocators to not accept higher equity weightings,” JPMorgan strategists, including Nikolaos Panigirtzoglou, Marko Kolanovic and John Normand, advise in a note to clients, per a story in Bloomberg. They say that cash and bonds offer “significantly” smaller yields than equities right now.

Julian Emanuel, chief equity and derivatives strategist at BTIG, is similarly bullish on stocks. He believes that the spread of zero-fee online trading will encourage investors to shift more money out of cash and bonds, propelling the S&P 500 Index to 3,950 by the end of 2020, nearly 26% higher than the open on Dec. 12, 2019. He has called the bond market "the greatest bubble ever," and expects falling bond prices in 2020 to be a key impetus for this asset shift, according to Business Insider.

◆急激な下落
sharp fall, steep drop
plummet, plunge, slump
sell-off〔広範囲にわたる大量の売り)

◆shopping spree
爆買い

◆rosy prospect
お花畑、楽観的な見通し

◆stagnate
停滞する
ABC's ordinary deficit increased due to stagnating domestic sales.

◆flatline
水平になる

◆hasten
加速する(=speed up)


1987 Stock Crash, Can It Happen in 2017? By Mark Kolakowski | July 17, 2017

The bull market in stocks faces a major threat from the end of low interest rates as the U.S. Federal Reserve and other central banks worldwide unwind their balance sheets and withdraw massive injections of liquidity, according to Barron's. One scenario is that actions by the Federal Reserve will push the yield on the 10-year U.S. Treasury Note to 3% and the S&P 500 Index (SPX) will peak at around 2600, a precarious level at those bond yields. That could spur a stock decline along the lines of Black Monday 1987, though less severe, according to the analysis of Jim Paulsen, chief investment strategist at The Leuthold Group LLC, as reported by Barron's.

しばらくは、投資関連の頻出英単語についての話題です。

1. Cryptocurrency　仮想通貨
Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classicなどが有名どころですが、現在100種類以上あります。

2. volatile 　(adj.) 急に変動する、乱高下する ⇔ stable
文例　Cryptocurrency prices are incredibly volatile.
Their volatile stock peaked at $46.50 in July and traded at $5 in December.

3. investor 投資家
Wikipediaによると、An investor allocates capital with the expectation of a future financial return. Types of investments include: equity, debt securities, real estate, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between those in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns a stock is a shareholder.
ちなみに、IRは Investor Relationsの略称です。

4. retailer 小売店、小売業
physical retailer　イオン、三越、ビッグカメラ、Wal-Mart, Sears, Bezos, etc.
e-commerce　Amazon、楽天、天猫商城 (Tmall、アリババ傘下)、jd.com（京东商城、テンセントが出資）

このスレッドでは、英語で投資情報を得るためのスキルや情報源、あるいは英語力の強化を通して、投資力の向上を目指します。

投資において成功するには、投資判断を適切に行うことが不可欠です。そのためには、有利な情報を持ち、有利な条件で投資を行うというのが、強力な手段も一つになります。

将来も高い経済成長率が見込める海外の株式、債券、REIT、ETF、外貨、仮想通貨などに投資する場合、あるいは日本のマーケットを海外投資家がどう見ているかを知りたい場合、やはり英語の投資情報、ニュースなどを押さえておくことは、投資に有利になるはずです。

そういった趣旨に賛同される方のご参加を歓迎致します。