Helpful Steps My Late Father-in-Law Took


My father-in-law passed last week. Les was a person who was willing to take risks when the potential payoff seemed to warrant doing so. This led him to stop his graduate school studies at the University of Chicago and join what was then a brand-new government agency: NASA. His attitude toward risk carried over to investing where, like many investors, he realized profits and occasionally incurred some bad luck, such as the Enron bonds he owned. Though many of the conversations Les and I had involved non-financial topics, it was not unusual for him to discuss investing with me. Les even once gave me his copy of Benjamin Graham’s “The Intelligent Investor” to read, not realizing I already owned a copy of it.

Among the best financial steps Les made didn’t involve security selection or portfolio allocation, but rather the management of his finances. The process of assisting my mother-in-law with her finances has been greatly helped by what my father-in-law did before he passed. I’ll share some of the actions Les took with you in the hope you’ll consider following in his footsteps.

Conversations: I cannot begin to stress how helpful I am now finding the conversations Les and I had to be. My wife and I know about all the accounts my in-laws have, bank or brokerage. We also know about the sources of retirement income and the life insurance policy. There are also no disagreements about how to manage the money, since it was previously discussed. The simple act of conversing has allowed me to me quickly start on the transition, including making calls on my mother-in-law’s behalf. Continue Reading »

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Highlights from this month’s AAII Journal

AAII Sentiment Survey

Neutral sentiment rose to its highest level since mid-February as pessimism fell for a second consecutive week. More about this week’s results.

This week’s results:

  • Bullish: 35.3%, up 4.1 points
  • Neutral: 34.2%, up 4.1 points
  • Bearish: 30.5%, down 8.2 points
Historical averages:
  • Bullish: 38.5%
  • Neutral: 31.0%
  • Bearish: 30.5%

Take the Sentiment Survey.

The Week Ahead

Five members of the S&P 500 are scheduled to report: Red Hat Inc. (RHT) on Monday; Carnival Corp. (CCL), Darden Restaurants (DRI) and McCormick & Company (MKC) on Tuesday; and Paychex (PAYX) on Wednesday.

The week’s first economic reports will be February international trade, the January S&P Case/Shiller home price index and the Conference Board’s March consumer confidence survey, all of which will be released on Tuesday. Wednesday will feature February pending home sales. The second revisions to fourth-quarter GDP will be released on Thursday. Friday will feature February personal income and spending, the March Chicago purchasing managers’ index and the final University of Michigan’s March consumer sentiment survey.

Seven Federal Reserve officials will make public appearances: Chicago president Charles Evans on Monday and Wednesday; Dallas president Dennis Kaplan on Monday, Tuesday and Thursday; Kansas City president Esther George on Tuesday; Boston president Eric Rosengren on Wednesday; San Francisco president John Williams on Wednesday and Thursday; Cleveland president Loretta Mester on Thursday; and St. Louis president James Bullard on Friday.

The Treasury Department will auction $26 billion of two-year notes on Monday, $34 billion of five-year notes on Tuesday, and $13 billion of two-year floating rate notes and $28 billion of seven-year notes on Wednesday.

Local Chapter Meetings

AAII Local Chapter Meetings offer you a variety of presentations from expert speakers who will give you their view on the world of investing. A bonus of attending a Chapter Meeting near you is the opportunity to meet other AAII members who share your interest and enthusiasm for investing. You can even share the Chapter experience with your family and friends by inviting them to attend Chapter Meetings with you!

Upcoming Meetings »

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Please note, this small description doesn’t do justice to our website. It houses almost every imaginable investment tool, resource and service you might need. Once you dig into the AAII website, you’ll have a difficult time signing off! As a brief example of the power of, let me take a moment to share with you a little bit about the free members-only stock screens we provide online. Tom D. from Pittsburgh, Pa., says, “The stock screens are awesome!” We tend to agree.

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Here’s a quick peek at some of our more popular screens and their impressive 2017 returns:

T. Rowe Price up 13.8%…
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(Return data as February 28, 2017)


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