The AAII San Francisco Chapter presents...

"Fixed-Income Investing for Today and Tomorrow"

    Discussed by:

    Bill Mullally
    Co-Founder and President, Alamo Capital

Bill Mullally, “The Bond Expert” from Alamo Capital in Walnut Creek, will focus his presentation on important facts that every bond investor should know about fixed-income investing. He will cover the basics of bonds in general, with a special emphasis on California municipal bonds. Bill will discuss the different types of bonds available in the marketplace and how to understand their ratings, market risks and call features. He will explain how to analyze taxable versus tax-free yields and the power of taxable equivalent yields. Bill will present his “7 Fundamentals of Bond Investing” and cover useful strategies such as laddering to optimize yields and where to look for opportunities now and in the future as interest rates are likely to fluctuate. In his discussion of California municipal bonds, Bill will discuss the bond market in relation to the state’s economy, California’s debt obligations and Governor Jerry Brown’s long-term objectives.

"Don’t Let Government Debt or Dollar Fears Derail Your Investment Strategy"

    Discussed by:
    Jack Bowers
    Editor, Fidelity Monitor

Too many investors are avoiding the U.S. stock market for the wrong reasons. While government debt, dollar weakness, and a sluggish U.S. economy are certainly important factors to consider, Jack Bowers will explain his position that their long-term impact on corporate earnings and domestic stock values is less than most investors realize. Jack remains steadfastly bullish despite widespread pessimism among individual investors. As the primary reason for his bullish outlook, Jack cites the fact that the U.S. is becoming a powerhouse exporter, which he feels should have a very positive impact on corporate earnings, regardless of what happens to our economy at home. In addition to sharing his economic views, Jack will review performance data for Fidelity mutual funds, to track and review your Fidelity holdings as appear in his popular newsletter, Fidelity Monitor.

Saturday, July 16, 2011
9:00 a.m.    Registration/Social/Continental Breakfast
9:30 a.m. - 12:00 p.m.    Program
10:45 a.m.    Break
12:00 p.m.    Q&A
Hs Lordships Restaurant
199 Seawall Dr.
Berkeley, CA
[ Map This Location ]
Choose one of three ways to register for this meeting: (Please
note change in fees for mail-in prepaid reservations only.
Other pricing tiers remain the same.)
1. PREPAID REGISTRATION by MAIL—use the form below to
register, form MUST be received by 7/13, $30/person
2. EMAIL or PHONE (space available only, prepaid registrations
take preference)—make your reservation by email: or Phone:
925/485-0890. Reservation MUST be received no later than
7/13, $35/person to be paid at the door.
3. AT THE DOOR (space available only, prepaid registrations take
preference)—Register at the door the day of the meeting
—meetings are selling out, be aware that space may NOT be
available, $40/person
Refund Policy: Cancel reservations before cut-off date of 7/13

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