New York City Special Interest Groups—October 24, 2012—Come & Become Informed!
Session 1A—Investing With Eyes on the Stars, Feet on the Ground/Ron Litchman
Continuing the discussion from his SIG session in June, after a quick review of basic options principles, Ron will track several actual “covered call” and “married put” positions, demonstrating how the strategies performed in real life: Which “worked”? Which didn’t? Which did both? The program will be lively, sometimes wry, substantive, interesting and informative for investors who want to know how to:
• Use options to “spread” the risks...but also share the rewards.
• Use calls to capture an 11% capital gain in four months, without (hardly) any downside risk.
• Use puts to buy a stock paying a 12% dividend, while risking less than 4% of principal.
And, for a bonus:
• How to take the scare out of the upcoming...no, not Halloween...the election!
Ron Litchman is a life member of AAII and a life-long self-directed investor, who bought his first mutual fund at age 14, grossly overpaid the front-end load—and never forgave or forgot. While practicing law “on the side,” or so it often seemed during the market convulsions since September 2008, he extensively used puts and calls to augment and to protect a diversified portfolio of small-, mid- and large-cap stocks. Now concentrating on financial advising, Litchman has qualified as a Series 65 financial adviser and writes the periodical letter “The Telescopic Investor.”
Session 1B—Total Return Roundtable/Leonard Ladin
Interact with other investors on current investment issues at this series of roundtable discussions. Tonight’s topic: “Invest Now or Await the Election Outcome?” Come prepared to discuss current or planned holdings and decisions on buy, sell or hold.
Leonard Ladin is the AAII NYC Chapter president.
Session 2A—Pre-Election Financial Planning Workshop/Scott Brewster
Bring your portfolio and financial planning questions to this session and help educate yourself and others. Discuss how the election may impact your planning. The session will be an open forum where people can ask questions, troubleshoot their own planning, and share their successful financial strategies.
Scott started his financial advisory career in January of 1996 with a boutique money management firm in New York City. In 2001, after attaining an MBA and several years of running the financial planning department of a financial planning firm, Scott started his own financial planning firm, which was renamed Brewster Financial Planning LLC, in 2007. Scott can be reached at firstname.lastname@example.org.
Session 2B—Mutual Funds, Exchange-Traded Funds (ETFs) and Closed-End Funds/Marcia Lach
This ongoing roundtable session will cover a wide variety of mutual funds, exchange-traded funds (ETFs) and closed-end funds and, within these categories, bonds, equities and real estate investment trusts (REITs). Marcia Lach will discuss the different types of assets these investment vehicles contain and which of them should perform the best over the next 12 months. She will also discuss the relationship between risk and performance and how to build a lower-risk portfolio.
Marcia Lach, a member of the AAII New York City Chapter board of directors, has invested solely in mutual funds over the past 25 years and has a 30-year background in market research and statistics.