Those of you who regularly read my weekly commentary know that I attend conferences and other industry events. (So far this year, I’ve been to two conferences, one four-day seminar and various luncheons and I have even more upcoming events on my calendar.) The presentations are generally informative, but it’s the personal interaction that’s the big draw for me. I’ve made numerous connections over the years, many I never would have made had I simply stayed in my office. Those connections aren’t just with speakers, either; many have been with other attendees.
I bring this up because I want to talk to you about our forthcoming AAII Investor Conference. It’s a great opportunity to learn from some of the smartest people in the industry. Not only will you get to attend their presentations, but there will also be time for questions and answers afterward. In addition, you’ll have ample time to meet your fellow individual investors between sessions, at the luncheon and during the two breakfasts.
Of course, the highlight will be the speakers themselves. We’re excited to have behavioral finance expert Meir Statman as our opening ceremony speaker and market strategist Bruce Johnstone as our luncheon keynote speaker. Many of the most popular speakers from past AAII Investor Conferences are returning, including Morningstar’s Christine Benz, Hulbert Financial Digest founder Mark Hulbert, CFRA’s Sam Stovall and AFAM Capital’s John Buckingham. We’ll also have new speakers too, including Cambria’s Mebane Faber, Charles Schwab’s Jeffery Kleintop and The Wall Street Journal’s Spencer Jakab.
More on AAII.com
- Overcoming Common Behavioral Errors – Meir Statman provided guidance for avoiding the frequent behavioral mistakes many investors make.
- Finding the Right Withdrawal Rate: One Key to Portfolio Sustainability – Maria Crawford Scott gave a comprehensive overview of how to figure out the right withdrawal rate in this 2012 AAII Journal article.
Highlights from this month’s AAII Journal
- The Four Groups of ETFs – Think you know ETFs? You should read this interview with Elisabeth Kashner of research firm FactSet to learn even more.
- Analyst Target Prices Influence Merger Completion Rates – Mergers are more likely to be completed when the acquisition price is above analysts’ target prices.
AAII Sentiment Survey
Pessimism jumped to its fifth highest level of the year. Bullish sentiment fell and is now at the border between the range of typical readings and unusually low readings. More about this week’s results.
- Bullish: 28.1%, down 6.1 points
- Neutral: 33.6%, up 0.6 points
- Bearish: 38.3%, up 5.5 points
- Bullish: 38.5%
- Neutral: 31.0%
- Bearish: 30.5%
Take the Sentiment Survey.
The Week Ahead
The earnings calendar lists seven S&P 500 member companies as being scheduled to report. They are Best Buy Co. Inc. (BBY) and H&R Block Inc. (HRB) on Tuesday; Analog Devices Inc. (ADI) and Brown-Forman Corp. (BF.B) on Wednesday; and Campbell Soup Co. (CPB), Cooper Companies Inc. (COO) and Dollar General Corp. (DG) on Thursday.
The week’s first economic report will be July international trade in goods, released on Monday. Tuesday will feature the June Case-Shiller home price index (HPI) and the Conference Board’s August consumer confidence survey. On Wednesday, the August ADP national employment report and the first estimate of second-quarter gross domestic product (GDP) will be released. July personal income and spending, the August Chicago Purchasing Managers’ Index (PMI) and July pending home sales will be released on Thursday. Ending the week, August motor vehicle sales, August employment data—including the unemployment rate and the change in nonfarm payrolls, the August Purchasing Managers’ Manufacturing Index (PMI), the Institute for Supply Management’s August manufacturing index, July construction spending and the University of Michigan’s final August consumer sentiment survey will be released on Friday.
The Treasury Department will auction $26 billion of two-year notes and $34 billion of five-year notes on Monday and $28 billion of seven-year notes on Tuesday.
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 »