Upcoming Chapter Meeting: AAII New York City
Posted on January 31, 2013 | Local Chapters
Date: Wednesday, February 6, 2013
Topic: Value Stocks Are Not Always Undervalued Stocks
Speaker: Vahan Janjigian, Chief Investment Officer, Greenwich Wealth Management, LLC
The speaker will dispel some of the long-held investment myths about diversification and risk, undervalued stocks versus value stocks and growth stocks always being expensive. In addition, he will discuss the importance of earnings as a guide and the rationale behind choosing exchange-traded funds (ETFs). He will also name specific stocks that currently look cheap.
AAII Sentiment Survey: Individual Investors Stay Optimistic
Posted on January 31, 2013 | AAII Survey
Bullish sentiment pulled back, but remained at higher-than-average levels in the latest AAII Sentiment Survey.
Bullish sentiment, expectations that stock prices will rise over the next six months, fell 4.3 percentage points to 48.0%. The decline puts optimism back within the typical range of readings we have seen throughout the survey’s history. Bullish sentiment is now above its historical average of 39% for the ninth time in the past 10 weeks.
Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, rebounded by 4.3 percentage points to 27.7%. Even with the improvement, neutral sentiment is below its historical average of 30.5% for the 16th consecutive week and the 18th time in 20 weeks.
Bearish sentiment, expectations that stock prices will fall over the next six months, was unchanged at 24.3%. This is the seventh time in eight weeks that bearish sentiment is below its historical average of 30.5%.
As noted above, bullish sentiment declined from last week’s unusually high reading to within its typical historical range of 28% to 49%. Bearish sentiment, meanwhile, stayed within its typical historical range of 20% to 41%, even though it remains at its lowest level since February 9, 2012. The strong January performance by stocks, action by Congress to avert the fiscal cliff and raise the debt ceiling (at least temporarily), continued economic growth, better-than-forecast fourth-quarter earnings and seasonality are all contributing to individual investors’ optimistic moods.
This week’s special question asked AAII members how they perceived the strength or weakness of the job market. Responses were mixed, with approximately 40% of respondents saying the job market was improving or at least showing signs of gradual improvement, 32% of respondents describing the job market as weak and 13% describing the recovery as being slow or too slow.
Here is a sampling of the responses:
- “The job market seems to be getting slowly better. It may not be ideal, but slow growth is what we have.”
- “Gradual overall strength, but the job market is weighted down by the overall federal financial situation.”
- “The job market is weak, but getting less weak.”
- “I believe that the perception is that the job market is slowly improving. I do not see this as the reality, only the perception.”
- “It’s good to be solidly retired!”
This week’s AAII Sentiment Survey Results:
- Bullish: 48.0%, down 4.3 percentage points
- Neutral: 27.7%, up 4.3 percentage points
- Bearish: 24.3%, unchanged
- Bullish: 39.0%
- Neutral: 30.6%
- Bearish: 30.6%
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
The Fourth Quarter 2012 issue of QMFU is now available on-line
Posted on January 30, 2013 | Quarterly Mutual Fund Update
A Modest End to a Good Year
Most mutual fund categories experienced modest gains in the fourth quarter, achieving average returns of 2.2% or less. Though the final quarter’s performance may have been unimpressive, the full-year data tells a different story. Approximately half of the categories tracked by this newsletter delivered an average return of 10% or better in 2012.
AAII WEEKLY FEATURES 1/30/2013
Posted on January 30, 2013 | Weekly Features
This week’s AAII Weekly Features has been updated.
View this week’s Top AAII Articles, Featured Stock Screen and Member Question.
SELL OF THE WEEK 1/30/2013
Posted on January 30, 2013 | Podcast
AAII Journal Editor Charles Rotblut explains to Chuck Jaffe of MarketWatch why Netflix (NFLX) is his “Sell of the Week” on the MoneyLife Radio Program. MoneyLife is a daily personal finance show that sorts through the financial clutter to bring you the information you need to lead the MoneyLife.
Audio url: Sell of the week
CI Download of the Week
Posted on January 30, 2013 | Computerized Investing
Microsoft Compatibility Pack – This Microsoft Compatibility Pack allows you to continue using older versions of its programs, but still be able to open, edit and save files that were created in the new Word, Excel and PowerPoint formats.
The Top Technical Analysis & Charting Websites
Posted on January 29, 2013 | Computerized Investing
Comparing the best online technical tools for their charting options, technical indicators and educational resources.
Buy of the Week 1/29/2013
Posted on January 29, 2013 | Podcast
AAII Journal Editor Charles Rotblut Editor explains to Chuck Jaffe of MarketWatch why Pacific Continental Corp. (PCBK) is his “Buy of the Week” on the MoneyLife Radio Program. MoneyLife is a daily personal finance show that sorts through the financial clutter to bring you the information you need to lead the MoneyLife.
Audio url: Buy of the Week
14 Personal Finance Questions
Posted on January 28, 2013 | Investing
A list of practical answers to frequently asked investing and personal finance questions.
Sitelight and Reader Survey
Posted on January 28, 2013 | Computerized Investing
SmartMoney.com – SmartMoney.com is a personal finance resource which offers a wealth of helpful tools as well as financial news and advice.
This Week’s Question
Do you own a TV that is HD (high-definition) capable?