The Top Online Portfolio Trackers

Posted on September 30, 2012 | Computerized Investing

An in-depth look at the best websites for tracking your portfolio’s gains and losses and measuring its performance.

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9/29/2012 automatic update and SSG files are available

Posted on September 29, 2012 | Stock Investor Pro

Automatic update for Stock Investor Pro and SSG files as of 9/29/2012 are available.

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CI Weekly Features: September 29, 2012

Posted on September 29, 2012 | Computerized Investing

The Top Online Portfolio Trackers
An in-depth look at the best websites for tracking your portfolio’s gains and losses and measuring its performance.

Poynt for Android
Poynt for Android is a local search app to find businesses, people, offers and events near you.

Masonson’s Stock Market Dashboard, Version 2
A revision of Leslie Masonson’s dashboard approach to gauging market direction.

Gadget Corner – SpareOne Emergency Phone

AA battery-powered emergency mobile phone.

Featured App – Yahoo! Finance for Android

Track your portfolio, view headline news and watch videos on your Android device.

This Week’s Question

Which of the following have you ever scanned your smartphone for? (Choose all that apply)

A) Admission to a movie
B) As an airline ticket
C) To pay for a clothing or electronics purchase
D) Admission to a concert, live theater or performance
E) To pay for a convenience item, such as coffee or soda
F) Other (Click here to let us know what you think)
G) I have never scanned my smartphone for any reason
H) I do not have a phone with this capability

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STOCK SUPERSTARS ALERT FOR THE WEEK ENDING 9/28/2012

Posted on September 28, 2012 | Stock Superstars Report

Stock Superstars alert for the week ending 9/28/2012 updated.

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DIVIDEND INVESTING ALERT FOR THE WEEK ENDING 9/28/2012

Posted on September 28, 2012 | Dividend Investing

Dividend Investing alert for the week ending 9/28/2012 updated.

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Institutional Investors Make Two Common Errors

Posted on September 28, 2012 | Investor Update

“Almost three-quarters (74%) of investors say they have changed their approach to risk management in the past five years, and a similar proportion (70%) are more confident that their current approach to risk management is right for volatile markets.”

This is the finding of a recent survey of 482 institutional investors by Natixis Global Asset Management. If the finding doesn’t inspire confidence, that is because it shouldn’t. The numbers show that though most of the surveyed institutional investors thought their previous strategy needed to be changed, they view their current strategy as being the right one. It seems logical that five years ago, those very same professionals thought they had the correct strategy in place.

The data highlights two common behavioral finance errors: recency and overconfidence.

Recency is defined by Merriam-Webster as “the quality or state of being recent.” Behavioral finance describes it as forecasting future events based on recent conditions. If the markets are currently volatile, recency bias causes an investor to believe the markets will be volatile into the future. Eight in 10 global institutional investors told Natixis that market volatility is here to stay. We have seen similar examples in our weekly Sentiment Survey. Bearish sentiment hit a peak of 70.3% on March 5, 2009, literally days before the bear market bottomed out and stocks staged a huge rebound.

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GADGET CORNER – TravelPro Crew 9 20-inch Expandable Business Plus Rollaboard

Posted on September 28, 2012 | Computerized Investing

Rolling carry-on with a special laptop compartment.

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The Psychology Behind Common Investor Mistakes

Posted on September 27, 2012 | Investing

Behavioral finance, a relatively new area of financial research, has been receiving more and more attention from both individual and institutional investors. Behavioral finance combines results from psychological studies of decision-making with the more conventional decision-making models of standard finance theory.

By combining psychology and finance, researchers hope to better explain certain features of securities markets and investor behavior that appear irrational. Standard finance models assume that investors are unbiased and quite well informed. Investors are assumed to behave like Mr. Spock from Star Trek, taking in information, calculating probabilities and making the logically “correct” decision, given their preferences for risk and return. Behavioral finance introduces the possibility of less-than-perfectly-rational behavior caused by common psychological traits and mental mistakes.

Six common errors of perception and judgment, as identified by psychologists, are examined in this article. Each has implications for investment decision-making and investor behavior. An understanding of the psychological basis for these errors may help you avoid them and improve investment results. And in some cases, market-wide errors in perception or judgment can lead to pricing errors that individuals can exploit. Understanding the psychological basis for the success of momentum and contrarian strategies can help investors fine-tune these strategies to better exploit the opportunities that collective mental mistakes create.

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AAII Sentiment Survey: Pessimism Rises to a 9-Week High

Posted on September 27, 2012 | AAII Survey

Bearish sentiment rose to its highest level since July 26, 2012, in the latest AAII Sentiment Survey.

Bullish sentiment, expectations that stock prices will rise over the next six months, declined 1.4 percentage points to 36.1%. This is the fifth consecutive week and the 25th out of the past 26 weeks that bullish sentiment is below its historical average of 39%.

Neutral sentiment, expectations that stock prices will remain essentially unchanged over the next six months, fell 1.3 percentage points to 27.4%. This is the third consecutive week that neutral sentiment is below its historical average of 31%.

Bearish sentiment, expectations that stock prices will fall over the next six months, rose 2.7 percentage points to 36.5%. Pessimism is now at a nine-week high. Bearish sentiment is above its historical average of 30% for the fifth consecutive week and for the 21st time in the past 25 weeks.

Even though bullish sentiment remains below average, optimism among individual investors remains improved relative to what was registered throughout spring and much of the summer. While bearish sentiment is now at a nine-week high, it is below the May through July readings. Splitting the moods of AAII members are higher stock prices, improved economic data, slowing global economic growth, Washington politics and the European sovereign debt crisis.

This week’s special question asked AAII members how the likely forthcoming adjournment by Congress without a deal to avert the fiscal cliff influences their six-month outlook toward stocks. Respondents were nearly evenly split between those who said their sentiment is not affected and those who said it makes them more cautious or more bearish. Several members said their sentiment is not affected because they thought the politicians will reach an agreement to avert the fiscal cliff. Many members expressed frustration, cited the current uncertainty or are awaiting the outcome of the November elections.

Here is a sampling of the responses:

  • “It doesn’t influence my sentiment, but it sure makes me irate at our government.”
  • “I think Congress will kick the can down the road, so the fiscal cliff is unlikely.”
  • “The lack of a solution will lead to significant uncertainty and apprehension, causing a pullback in the stock market.”
  • “Stocks will drop if nothing is done to resolve the fiscal cliff.”
  • “I will forgo any major stock purchases until the fiscal cliff issue plays itself out.”
  • “My outlook remains the same—long-term investing regardless of the political idiocy of the moment.”

This week’s sentiment survey results:

  • Bullish: 36.1%, down 1.4 percentage points
  • Neutral: 27.4%, down 1.3 percentage points
  • Bearish: 36.5%, up 2.7 percentage points

Historical averages:

  • Bullish: 39%
  • Neutral: 31%
  • Bearish: 30%

The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat, or fall over the next six months. The survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59 p.m.) The survey and its results are available online at: http://www.aaii.com/sentimentsurvey



Business Wire

Posted on September 27, 2012 | Computerized Investing

Business Wire has the most comprehensive news and disclosure network in the world, making it the global market leader in commercial press release distribution.

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