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James Cloonan

author Image James B. Cloonan is founder and chairman of AAII.


Articles by this Author

Biography:

James B. Cloonan earned his MBA from the University of Chicago and his B.A. and Ph.D. from Northwestern University. After teaching for several years in 1974 he helped found and served as CEO of Heinold Securities, a brokerage firm specializing in derivatives. After selling his interest in that firm, he returned to teaching and began the preliminary work leading to the founding of the American Association of Individual Investors in 1978 and is currently chairman of AAII.

Cloonan is the author of books and articles on investing and writes the Model Portfolios column for the AAII Journal. He created and manages the Model Shadow Stock Portfolio, which has realized an annualized return of over 15% for the past 23 years.

Cloonan has served on several industry and regulatory panels, including the Consumer Advisory Council of the National Futures Association, the Advisory Panel on Securities Markets and Information Technology of the Congressional Office of Technology Assessment, the NASD Special Committee on the Quality of Markets, the New York Stock Exchange Panel on Market Volatility and Investor Confidence, the Chicago Mercantile Exchange Financial Instruments Advisors Committee, the New York Stock Exchange Individual Investors Advisory Committee, and The Consumer Affairs Advisory Committee of the Securities and Exchange Commission.

He lives with his wife Edythe in Chicago.

Articles by this Author


  1. AAII Model Portfolios »

    Major Rule Change Made to the Model Shadow Stock Portfolio

    The maximum price-to-book ratio has been increased. Plus, three stocks were added and a fourth reinvested into.

    July 2015 | Journal

  2. AAII Model Portfolios »

    No Reason to Switch Funds in the Model Fund Portfolio

    Aston/Fairpointe continues to have one of the highest long-term returns, while none of the competitors to our funds or ETFs justify making a change.

    May 2015 | Journal

  3. AAII Model Portfolios »

    Model Shadow Stock Portfolio: Sell Rules Dictate a Change

    One stock was replaced after blowing through both the value and market-capitalization limits. Plus, insight into the portfolio’s performance.

    April 2015 | Journal

  4. AAII Model Portfolios »

    Dramatic Changes Help and Hurt the Model Fund Portfolio

    Upward volatility in REITs has been offset by oil-related declines in frontier markets. Both asset classes still look attractive on a long-term basis.

    March 2015 | Journal

  5. AAII Model Portfolios »

    Two New Stocks Added to the Model Shadow Stock Portfolio

    The latest additions are discussed, along with the portfolio’s 2014 performance and expectations for 2015.

    January 2015 | Journal

  6. AAII Model Portfolios »

    Replacing a Mutual Fund With an ETF in the Model Fund Portfolio

    One mutual fund has been removed because of its expense and performance and is being replaced with an IPO-focused ETF.

    November 2014 | Journal

  7. AAII Model Portfolios »

    Maintaining Model Shadow Stock Portfolio Purchase Rules

    Though no new non-Chinese stocks are qualifying, there is not enough cash in the portfolio to justify looser purchase rules.

    October 2014 | Journal

  8. AAII Model Portfolios »

    Model Fund Portfolio: Adjust Risk Based on Personal Factors

    Performance figures for the Conservative Portfolio are being dropped because the proper risk exposure is unique to each investor.

    August 2014 | Journal