Event title

Investment Analysis

Tower Training Centre Swatar

Joe Portelli

Registration

16.45

Time 17.00 - 20.15 Including a 15 minute coffee break

3, 5, 10, 12, 19, 25, 26 Sep 2013 1 Oct 2013

CPE hours

17 Core ___

7 Professional

Development

The Malta Institute of

Accountants

CPE 2013

M1325

Event title

I ncreasingly more investment fund management companies are operating in Malta, taking advantage of

the many attractive business and regulatory opportunities available to them. Investment professionals and

accountants with knowledge of the tenants of investment management are becoming more in demand.

The financial markets have become increasingly volatile, and having the skills necessary to understand and

manage a portfolio of financial assets is very beneficial both from a professional and personal finance

perspective.

Objectives

The course’s objective is to offer participants insight into how to invest wisely and profitably in the financial

markets. Participants will learn to avoid making the many mistakes investors make and how to emulate the

practices of professional Wall Street money managers. Portfolio, risk, and money management principles will

be covered in depth, as will, many aspects of equity, bond, commodity and real estate investing. Value,

growth, index and income investing will be discussed thoroughly, as will buy and hold and tactical asset

allocations strategies.

Topics on Agenda

Introduction Investing Basics

Pick and researching the right fund

Index funds

Open ended funds

Closed end funds

UCITS

Hedge funds

ETFs/ETNs

Fund fees

Stocks

Bonds

Common Investing Mistakes

9 Common Investing Mistakes and How to Overcome them

Portfolio Management and Diversification

Beta

Portfolio diversification concepts

Correlation

Case: A look at an institutional portfolio

Using different type of orders

Risk Management

Standard deviation and volatility

Money management

Margining and leverage

Risk and return

Calculating risky asset allocations

Fixed income risk issues

Asset Management and Allocation

Significance of asset allocation

Commodities

Real estate

Common and preferred equity

Fixed Income

Alternative Investments

Real estate Investment trusts (REITS)

Master limited partnerships (MLPs)

Analysis of the different ETF categories: Indices, sectors, inverse, etc

Understanding industry sectors, Equity indices and market capitalization: Large, mid, small cap stocks

The balanced fund approach

Fixed Income Investing

Fixed Income Investing

Types of Yield: Coupon, Current, YTM, Yield to worst)

Chasing yield

Credit spreads

Event title

Investment grade verses high yield

Sovereign debt

TIPS

Rating Agencies

Introduction to fixed income analysis

Default and recovery rates in bonds markets

Bond Investment Strategies: Ladders Barbells Bullets

Income Investing

Concepts of dividend investing

Dividend growth investing

High yield dividend investing

Dividends

Free cash flow analysis

The dividend aristocrats

The Psychology of Investing

Discipline and emotional control

Cognitive and heuristic Biases

Prospect theory

Investing and the efficient market hypothesis

Understand and know how to manage your emotions

Investment Philosophy Statement

Designing and adhering to a philosophy statement

Speculation verse investment: Defining the differing roles of an investor and trader

When to exit a trade

Defining the type of investor you are

Market Timing

Analysis of 11 major recession signals

The benefits of long term hold verses market timing

Shorting stock

Moving Average Momentum

Traits of the World’s Greatest Investors

7 Traits of the Wolds Greatest Investors

Technical Analysis

Technical analysis strengths and weakness

An introduction to technical analysis

Chart analysis

Trend following

Mean reversion

Oscillators

Continuation and reversal patterns

Global Macro Economic Analysis

An analysis into what drives bond and stock prices

An introduction an economic fundamental analysis

Business cycle

Interest rates

Inflation

Earnings

Investing Approaches

The Scopes and limitations of security analysis: The concept of intrinsic value

Value investing

Growth investing, CANSLIM

Dogs of the Dow

Analysis of Warren Buffet techniques

GARP

The Magic formula

Introduction to equity valuation matrices: Price/earnings, book, sales, and cash flow, multiple expansions,

etc.

How to screen and identifying winning stocks

Internet resources: Using Morningstar, EDGAR, Yahoo Finance

Event title

Who will Benefit

Banking staff and accountants who want to learn how to manage their clients’ portfolios more wisely and

profitably and anyone who may want to enter the investment analysis field.

Trainer’s Profile

Joseph Portelli has been employed in the financial markets for over 27 years. He has been engaged in

various capacities with numerous Wall Street firms including the Bank of America, Nomura Securities,

Goldman Sachs, Millburn Ridgefield and Liongate Capital Management. He was employed as a foreign

exchange dealer, portfolio manager, and futures and options trader for much of his career. He had been

licensed in various capacities with the National Association of Security Dealers and the National Futures

Association in the US. He is also licensed with the Malta Financial Service Authority and the Malta Stock Ex-

change. He is currently employed as Managing Director and Chief Investment Officer of FMG Funds, an

emerging marker specialist. He sits on the board of the Malta Stock Exchange and other financial intuitions,

and also writes regular investment related articles on the Times of Malta. He has taught courses at the Central

Bank of Malta, University of Malta Consulting, and is currently a visiting lecturer at the University of Malta,

Banking and Finance Department. He graduated with a BA from Baruch College, City University of New York.

Participation Fee

MIA Members: €260.00

Retired MIA Members: €80.00

Non-MIA Members: €400.00

Students: €130.00

The fee covers: 24 hours of Structured CPE, coffee and the presentation in hard copy format.

After the event participants can download a soft copy of the presentation from the Institute’s website by:

Logging into the system using the username and password

Proceed to the ‘My Purchases’ tab and click on the event title

Downloading the presentation from the Secure Files Section at the bottom of the page

Certificate of Attendance

A certificates of attendance will be issued at the end of the course. This is for your own CPE records.

Booking & Payment

To ensure that your event materials and catering requirements are able to be provided at the event, please

register by 17.00 one working day prior to the event.

Individual bookings: Place your booking and pay online through the MIA website.

Group bookings & Retired Members: Fill in the registration form and send it by post along with payment. The

booking will be processed and confirmed once payment is received.

If you believe that the cheque will not reach the Institute by the closing date, then you are kindly requested

to send the application form by e-mail together with a scanned copy of the cheque and present the

respective cheque during the event.

Parking

Participants may use the parking facilities available at Level -5.

Event title

Terms & Conditions

This is a multi-session event and participants are required to attend all the sessions.

Cancellations for all the sessions taking place within 48 hours prior the first session will incur a cancellation fee

of 50% unless a name of a replacement delegate is provided.

Due to the nature of this program, no refund/credit will be given after the program commences unless the

cancellation is related to health reasons. In this case the Institute will be able to issue a credit note for the full

amount given that the participant notifies the Institute by 9.00 of the course date.

No refunds in case of no-shows. Payment in full will still be due.

For more information

Ms. Sarah Bonello & Ms. Kirsten Micallef

The Malta Institute of Accountants, Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar

Tel: 2258 1900, E-mail: info@miamalta.org, Website: www.miamalta.org

CPE Requirements

Annual Requirements: Minimum of 20 hours Structured, 5 hours Unstructured

3-year Rolling Period: Minimum 75 hours Structured of which 30 must be Core, 45 hours Unstructured