The AAII Denver Chapter presents...

"Investor Psychology: Being a Master, Not a Slave"

    Discussed by:

    Andre Ratkai, CFA
    President and CIO, Praxis Advisory Group

Fundamental value drives security prices in the long run. But along the way, fads and emotions have great power. This presentation will illuminate the drivers of investor behavior (more than just fear and greed!) and provide a set of signals to watch to know when crowd and personal emotions are excessively strong. Some signals can be found in publicly available data and indicators; others can be noted privately by the trained observer. Using these insights can help investors (and traders) to avoid mistakes and thereby improve returns. The past several months have seen highly volatile markets, which drive counterproductive psychological reactions for us as investors unless we are well prepared. If further sharp market swings are ahead, these insights will be of great value.

Attend This Meeting and Learn...
How to better understand the drivers of individual emotions and crowd behavior
About a list of indicators to watch for noting temporary excesses
About the history of extreme market action

"How to Invest Prudently in 2012"

    Discussed by:
    Don Cassidy
    President, Retirement Investing Institute

What if the new year defies historical patterns and there is no rally prior to the presidential election? What if recent signs of renewed softness in the U.S. and world economies bring a double dip or a full-blown second recession? What if fiscal and monetary policies are hamstrung by political gridlock? What more can the Fed do with interest rates already near zero? If GDP and unemployment numbers get worse, what should investors do to protect their capital? What rates of return might it be reasonable to expect, and how can they be achieved? A negative scenario may not play out, but investors should always have alternate plans made in advance so they can act promptly rather than react later. This presentation will help you to look at available options for the challenging new year.

Attend This Meeting and Learn...
Learn what the stock market has not yet reflected about 2012 realities
Learn to focus on key signals that all might not go as well as we hope

Monday, December 5, 2011
5:50 – 6:30 p.m.    Registration/Social/Refreshments
6:30 – 8:45 p.m.    Program
during presentation    Q&A
Koelbel Library
5955 South Holly St.
Southwest corner of Holly & Orchard, one mile west of I-25 on Orchard
Centennial, CO
[ Map This Location ]
In Advance (postmarked by 11/25), AAII Member and Family,
$8/person; Nonmembers, $13/person; Late, $15/person
At the Door (space permitting–Advance Reg. recommended),
Everyone, $15/person
Refunds—Phone cancellations by 5:00 p.m. on 12/4 to
303/988-2296 (NOT taking reservations)

Notes: No substitution of one attendee for another’s reservation without prior written notice from the original registrant.

To celebrate the holidays with a bargain, postmark your reservation(s) by Black Friday, November 25, to get a further 25% off our usual discounted advance-registration fee level — $6 instead of $8! Reservations postmarked later will be at the full $15 rate. Register early without standing in the wee hours in cold weather, to enjoy this pre-holiday bargain! (requires a one-time temporary change in reply form by HQs staff).

Our December event, departing a bit from recent years’ debate format, will provide both psychological and fundamental/news perspectives on the market useful in 2012. Register early for an always-popular year-end event that includes door prizes and contests for picking high-performing stocks for the coming year as well as forecasting the Dow Jones Average a year head. Come prepared with your ideas.

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