The AAII Los Angeles Chapter presents...

Changing Policy and Rising Rates: Good for Investors

    Discussed by:

    Oliver Pursche
    President, Gary Goldberg Financial Services

The presentation will focus on how investors should position their equity and bond portfolios for 2014 amidst slowly rising interest rates and Fed tapering. Oliver Pursche will explain which S&P sectors he expects to outperform and which sectors he is avoiding. He will also outline the risks of bond alternatives and discuss how investors receive returns from these investments.

Attend This Meeting and Learn...
Five “surprises” investors should anticipate by the end of the year
Why interest rates will not hinder the current bull market
An illustrated current market outlook

Interest Rates vs. Income Generation: An Opportunity in Today’s High-Yield Market

    Discussed by:
    Tim Gramatovich
    Chief Investment Officer, Peritus Asset Management

As we begin 2014, the consensus appears to be that Fed tapering will lead to higher interest rates. While this may happen, Tim Gramatovich questions the sustainability of another significant move in rates in 2014, as the 10-year Treasury has already almost doubled in yield between May 2013 and year-end 2013. Countries that have no quantitative easing programs have lower yields on their government bonds and demand is likely to increase, constraining rates. Gramatovich sees the high-yield market as positioned well in this environment and this asset class deserves attention as a source of income. He expects that in 2014, active management in the high-yield market will be required.

Attend This Meeting and Learn...
Why interest rates will likely be constrained going forward
Why investors should pay more attention to high-yield asset classes
Why high-yield bonds and leveraged loans could very well outperform other fixed-income options

Saturday, March 15, 2014
8:30 a.m.    Registration/Social/Refreshments
9:00 a.m.    Program
Skirball Center
2701 N. Sepulveda Blvd.
Los Angeles, CA
[ Map This Location ]
In Advance (by 3/11), Everyone, $8/person;
At the Door (space permitting only) Everyone, $10/person
No Refunds

  Special Interest Groups (SIGs)


Members should check the LA chapter website for latest schedules. Click on for details.

NEW! Retirement Group:
Evan Press,
Richard Erkes,
Date/Time: First Saturday of odd-numbered months, 9:30 a.m. Next meeting Saturday, March 1.
Location: Culver City Veterans Memorial Complex, 4117 Overland Avenue, Culver City

NEW! Strategic Investing Group
Don Gimpel,
Date/Time: The first Saturday of even-numbered months, 9:00 a.m.
Location: Culver City Veterans Memorial Complex, 4117 Overland Ave., Culver City

Stock Selection Group
Norm Langhout,, 310/391-6430
Date/Time: Fourth Wednesday of the month, 7:00 p.m.
Location: Fairview Branch, Santa Monica Library, 2101 Ocean Park Blvd., Santa Monica.

Mutual Fund Group
The chapter needs a volunteer to coordinate meetings. Please contact
Howard Staniloff at

Neighborhood Subgroups

Pasadena Group
The chapter needs a volunteer to coordinate meetings. Please contact
Howard Staniloff at

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