The stock market as an investment alternative

The purpose of this investigation is to present the financial markets importance, which facilitates the flow of funds to surplus units towards deficit units. That in which flow the short term funds is known as monetary market, whereas the one that facilitates the flow of long term funds is named as market of capitals. This it is as well of cardinal importance, since it facilitates the investment and the financing of the economic agents, stimulating the economic growth. The economic environment and the expectances of different agents, play an important role in the investment process. The Venezuelan market of capitals is regulated by the Comision Nacional de Valores (CNV), created in January 31, 1973, and is a public organism authorized by law for the control, monitoring, supervision and promotion of the Venezuelan market of values. Its objective is watch the transparency of the market values, in order to contribute to the investors protection, assuring the major diffusion of financial information and the fulfillment of the laws, on the part of the intermediary and of the emitters of the market. Between these entities are the emitting companies, the organizations of collective investment, organizations of collective investment in risk capital and organizations of real estate collective investment and their societies administrators, stock market companies, societies of brokerage, runners public of title-values, enrolled advisers of investment, accountants before the National Registry of Values, among others. These times of high liquidity and control of change, the market of capitals has become an opportunity, and is fundamental to present its potential the public in general.