A part of the process for managing your finances that is easy to overlook is protecting your digital assets. Not your online persona (e.g., “Fly Fishing Bill”), but your records, statements, passwords, etc. Computer viruses, malware and identity theft are certainly concerns to take action on, but so is protecting your files containing your financial information.
I bring this up because last weekend I completed a long-outstanding project on my to-do list: I set up an online backup service for my computers at home. I had previously been periodically backing up to an external hard drive, but for reasons I’ll explain momentarily this wasn’t a safe enough solution.
AAII Model Shadow Stock Portfolio Update
One of the holdings in the Model Shadow Stock Portfolio, Willis Lease Finance (WLFC), is offering to repurchase up to 516,129 shares though a modified “Dutch auction” tender. The price range is between $15.50 and $18.00 per share, and the final transaction price has the potential to be below today’s closing price of $17.37. The offer will expire on December 16, 2015. We will NOT be participating in this offer.
More on AAII.com
- PC Buyer’s Guide 2015 – Useful advice on what to look for in your next computer.
- Protecting Yourself against Tax Scams – This year’s tax guide includes guidance on how to avoid being a victim of tax scams.
- Do You Use a Computer to Manage Your Finances? – Tell us on the AAII.com Discussion Boards.
AAII Sentiment Survey
Neutral sentiment jumped to its highest level in more than six months as both optimism and pessimism fell. This is the fourth in time in five weeks that neutral sentiment is above 40%. More about this week’s results.
- Bullish: 29.5%, down 2.9 points
- Neutral: 49.3%, up 7.7 points
- Bearish: 21.2%, down 4.8 points
- Bullish: 39%
- Neutral: 31%
- Bearish: 30%
Take the Sentiment Survey.
AAII Asset Allocation Survey
Cumulative bond and bond funds allocations rose for a fourth consecutive month in November. The magnitude of the increase remains small, however. More about this month’s results.
- Stocks and stock funds: 65.5%, up 0.8 percentage points
- Bonds and bond funds: 16.7%, up 0.8 percentage points
- Cash: 17.8%, down 0.9 percentage points
- Stocks: 32.6%, up 1.4 percentage points
- Stock Funds: 32.9%, down 0.6 percentage points
- Bonds: 3.5%, up 0.4 percentage points
- Bond Funds: 13.3%, down 0.3 percentage points
Take the Asset Allocation Survey.
The Week Ahead
The first economic report of note will be the October Job Openings and Labor Turnover (JOLTS) Survey, released on Tuesday. Wednesday will feature October wholesale trade data. November import and export prices will be released on Thursday. Friday will feature the November Producer Price Index (PPI), November retail sales, October business inventories and the preliminary University of Michigan’s consumer sentiment survey.
St. Louis Federal Reserve Bank President James Bullard will speak on Monday.
The Treasury Department will auction $24 billion of three-year notes on Tuesday, $21 billion of 10-year notes on Wednesday and $13 billion of 30-year bonds on Thursday.
Hanukkah starts on Sunday. On behalf of everyone at AAII, I wish a happy Hanukkah to those of you who will celebrate the holiday.
If you are an AAII member and haven’t signed up for the weekly Investor Update email, you can do so by going to the “My Account” area of AAII.com and clicking the “Update My AAII Emails” link. There you can subscribe to the AAII Investor Update email. If you are not an AAII member but want unlimited access to AAII’s library of educational articles, model portfolios, asset allocation models and many other member benefits, simply take a risk-free 30-day Trial AAII Membership to start becoming an effective manager of your assets.