Fundamentals of Investing, 15th edition

Published by Pearson (17 July 2026) © 2027

  • Scott B. Smart Indiana University
  • Chad J. Zutter University of Pittsburgh
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In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
Products list

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
Products list

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

Title overview

Fundamentals of Investing uses examples and hands-on applications to introduce the tools and techniques of personal investors and money managers. With a focus on individual securities and portfolios, the authors explore the risks and returns of various investment types and how to use this knowledge to achieve financial goals. Throughout chapters, they present the pros and cons of investment decisions to help you make informed choices and meet your objectives.

The 15th Edition covers new developments in the investment industry, from Crypto to U.S. inflation to AI’s influence on investment decisions. Fresh data and examples were integrated throughout, aligning the material with today’s financial realities.

Table of contents

  1. The Investment Environment
  2. Securities Markets and Transactions
  3. Return and Risk
  4. Modern Portfolio Concepts
  5. Common Stocks
  6. Analyzing Common Stocks
  7. Stock Valuation
  8. Market Efficiency and Behavioral Finance
  9. Fixed-Income Securities
  10. Bond Valuation
  11. Mutual Funds and Exchange-Traded Funds
  12. Managing Your Own Portfolio
  13. Options: Calls and Puts
  14. Futures Markets and Securities
  15. Investing in Preferred Stocks
  16. Tax-Advantaged Investments
  17. Real Estate and Other Tangible Investments

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