Saturday, November 7, 2015


Stop Acting Crazy: A Fun and Insightful Look at Behavioral Finance
Carl Richards, CFP, columnist for The New York Times

Richards gives an entertaining look at some of the biggest mistakes we make as investors. Using his famous sketches from The New York Times, Richards walks you through the process of fixing these mistakes and setting down a better path.

1:30 - 2:45 P.M.
The Evolution of Indexing
Walter Lenhard, senior investment strategist at Vanguard

Lenhard reviews how index fund investing was met with skepticism by the investment industry when it was first introduced. He follows up with discussion of its wide acceptance today and an explanation of how indexing can be an effective part of your overall investment strategy.

The Value of Dividends
John Buckingham, CIO at Al Frank Asset Management and Editor of The Prudent Speculator

Buckingham explains the importance of dividend income to long-term stock gains. He shows how the relatively lower risk and generous income of dividend payers can make for a powerful combination no matter the direction of interest rates. He also reveals the dividend-paying stocks that the team behind the The Prudent Speculator newsletter is buying today.

3:00 - 4:15 P.M.
Timeless Lessons Learned From Tracking Advisers for Over 30 Years
Mark Hulbert, editor of the Hulbert Financial Digest

Hulbert reviews the more than 35 years of data that the Hulbert Financial Digest has compiled on the real-world performance of hundreds of investment advisers. In addition to discussing crucial investment lessons drawn from this data, he focuses attention on the strategies have made the most money not just in recent years but over longer terms and different market environments.

Relative Strength Investing: The Art of Riding Winners
Michael Kahn, columnist for Barron’s Online

Kahn begins by addressing the old saw about riding winners and cutting losses, with the question of how you can know which will be which. He explains a method of relative strength analysis that seeks to find the sectors that are outperforming the market and then drills down to find the best stocks within the sector.

Smart Investing: Seeking Reward While Reducing Risk
Charles Rotblut, CFA, vice president of AAII and editor of the AAII Journal

Rotblut explains how to maximize the potential for reward by identifying attractive investments and prudently managing your portfolio. He also discusses reducing risk by limiting behavioral errors and avoiding investments with a greater likelihood of decreasing in price. Actionable strategies for striking a prosperous balance between reward and risk are provided.

Sunday, November 8, 2015

8:30 - 9:45 A.M.
Investing for Income in 2016
Richard Lehmann, president of Income Securities Advisor Inc.

Lehmann discusses how uncertainties about Fed policy and the economy are adding to the woes of retirees and others seeking steady dividend and interest income. He reveals why the outlook has been steadily improving and how income securities can be a safer alternative than growth equities.

Sentiment Analysis: How Media Affect Investors and Influence Prices
Richard L. Peterson, M.D., CEO of MarketPsych LLC

Peterson shows how news and social media create profitable patterns in prices through the specific news topics covered and the specific emotions expressed in financial social media. He also looks at how different global markets respond to media. He explains the importance of psychology, information, and reactions to information in creating patterns in stock prices.

Understanding ETFs and the Importance of Their Construction
Neil Leeson, ETF strategist and director of advisory services at Ned Davis Research Inc.

Leeson addresses the daunting task of identifying funds that meet your investment needs. He explains how selecting an ETF product based on the name, the fees, the fund family or an ad can set you up for disappointment. He shows how knowing what you own and how it fits in your investment portfolio are essential to ETF investment success.

10:30 - 11:45 A.M.
7 Keys to Successful Retirement Portfolio Planning
Christine Benz, director of personal finance at Morningstar, Inc.

Benz discusses the keys to crafting a retirement portfolio that’s well-balanced, durable and low-maintenance. Given low yields and the ebbing away of pensions, retirement planning today is much more challenging than it was even 20 years ago. Benz also shares some model portfolios populated with Morningstar’s high-conviction mutual fund and exchange-traded fund picks.

Stock & Mutual Fund Strategies & Executions
Raymond A. Rondeau, president of CMC Investing

Rondeau explores a variety of techniques and methods dealing with the when and how of making actual transactions. He covers the items of importance to consider when buying and selling both stocks and mutual funds. He applies the material by showing the strategic price areas of execution on a few real-time stock examples that are currently passing some of AAII Stock Investor Pro’s screens.

Why Value Investing Is Simple, but Not Easy
Wesley Gray, Ph.D., executive managing member of Alpha Architect, LLC

Gray describes the two pillars of behavioral finance: psychology and limits of arbitrage. He also explains how the so-called value anomaly-the spread in returns between cheap stocks and expensive stocks-is a case study in behavioral finance. He shows why “value” stocks can become undervalued, and why large pools of investment capital are unable to exploit this.

A Contrary View of 2016
Ken Fisher, Forbes columnist and CEO of Fisher Investments

Fisher discusses the politics of 2016 to show market outcomes after the discounting of popular trends, victories and losses. Similarly, he analyzes interest rates and market forecasts the same way, looking to see what the herd thinks is discounted, what the anti-herd thinks (that is also widely discussed and hence discounted) and must be pre-priced, and what remains as possibilities and their probable likelihoods. All that is summarily wrapped together to put the whole year, and in fact the role of 2017, into perspective to stack the probabilities of success in your favor..

2:15 - 3:30 P.M.
Managing Your Money During Retirement
Maria Crawford Scott, former editor of the AAII Journal

Scott discusses the best methods for investing and managing your investments during your retirement years. She focuses on how much you can safely withdraw from your portfolio each year to ensure your nest egg supports you throughout your lifetime, withdrawal rules to help squeeze out more from your portfolio and what kind of asset allocation mix is most appropriate during your retirement.

Investing in Short-Term Savings and Cash Investments
Greg McBride, CFA, senior vice president and chief financial analyst at

McBride explores the best options for investors when it comes to short-term savings and cash investments. He show how to get the most out of idle cash so investors can minimize the drag on return, maximize the diversification and do so without sacrificing safety or liquidity.

Finding a Stock Winner: First Step Screening
Jaclyn McClellan, an assistant financial analyst at AAII

McClellan shows how computerized stock screening systems can remove emotion from the stock selection process and reduce a large universe of stocks into a manageable group of prospects that match your investment style and warrant further analysis. Using popular screening tools, including AAII’s Stock Investor Pro, she walks through the process of developing and implementing both value- and growth-oriented screens.

4:00 - 5:15 P.M.
Investing in an Age of Volatility
Jim Jubak, editor and portfolio strategist at Jubak Asset Management LLC

Jubak explains why market volatility has increased and why the next 20 years are going to be an age of volatility by identifying the trends that are driving this phenomenon. He also discusses the best investing strategies for protecting your portfolio and profiting from the volatility.

Determining a Stock’s True Worth
Wayne A. Thorp, CFA, senior financial analyst of AAII and editor of Computerized Investing

Thorp uses real-world examples to show you how to perform a step-by-step analysis of a company using popular online research and data sources to decide whether it’s right for your portfolio. This presentation answers the question "what now?" when looking at a list of prospective stocks, such as the passing companies lists provided by the popular and long-running AAII stock screens.

Combining the Best Stock Selection Factors
Patrick O’Shaughnessy, portfolio manager and principal of O’Shaughnessy Asset Management

O’Shaughnessy explores the best factors for selecting stocks across market history. He includes discussions of various measures of value, quality, and momentum and how those factors can be combined into a portfolio.

Monday, November 9, 2015

9:00 - 10:15 A.M.
Common Sense Investing Strategies That Work in an Uncertain World
Jack Ablin, chief investment officer at BMO Private Bank

Ablin lays out his global macro strategy for navigating the uncertainty surrounding the ever-changing investment markets and the global economy. He provides an easy-to-understand investment strategy that draws upon his investment experience spanning nearly 30 years. Ablin blends quantitative techniques and common sense intuition to formulate his investment perspectives and uses everyday examples to bring his approach to life.

The Incredible Shrinking Alpha
Larry Swedroe, director of research for the BAM Alliance (the Buckingham Family of Financial Services)

Swedroe shows how outperforming the market on a risk-adjusted basis has become more and more difficult over time. He explains how academic research has helped convert alpha (excess return) to beta, resulting in tougher competition and an increasing amount of money chasing a shrinking opportunity supply. He discusses the hurdles and benefits this presents for today’s individual investor.

10:45 A.M. - 12:00 P.M.
Building a Diversified "Core" for Every Portfolio
Craig Israelsen, Ph.D., designer of the 7Twelve Portfolio

Israelsen discusses the historical performance of major asset classes from 1970 through 2014 and the correlation of various asset classes over time. He also covers the performance and risk/reward attributes of a multi-asset portfolio over the past 45 years. He includes an introduction to his unique 7Twelve Portfolio and reviews its performance from 1998 through 2014.

Avoid the Top 10 Mistakes Made With Beneficiary Designations
John Horn and Dera Johnsen-Tracy, attorneys at Horn & Johnsen SC

Horn and Johnsen-Tracy explain why a comprehensive estate plan, as the ultimate gift for your loved ones, should always include a review of the titles and beneficiary designations for all assets to ensure they are consistent with your estate planning goals. They touch on the unintended consequences that may ensue if your estate plan is not kept up to date.

MAGNET Stock Selection and Portfolio Management in Volatile Times
Jordan Kimmel, chief investment officer at InvestView Inc.

Kimmel discusses why stock selection is critical for success, in addition to portfolio and risk management. He reveals how his MAGNET selection methodology blends value, growth and momentum. Kimmel shares his 25 years of experience in managing portfolios and the lessons he’s learned from his successes and mistakes.

Attendees Receive:
  • Expert speakers who will teach you what it has taken them a career to learn
  • Opportunity to meet other members, local chapter leaders & editorial staff
  • 25 “must-attend” investing seminars, plus 30 investor workshops
    – AAII instructors
    – Renowned professional investors and academics
  • Opening Ceremony with keynote speaker
  • Luncheon with keynote speaker and panel discussion
  • Two continental breakfasts & welcome reception
  • Smart Investor Exhibit Hall

Registration Fee: $395

Act Fast! Space is Limited.