Speaker Presentations

Exhibitor Workshop = Exhibitor Workshop    Speaker Workshop = Speaker Presentation

Friday, November 15, 2013 Presentations

Keynote Speaker
What Works on Wall Street
Friday, 11:15 a.m.–12:30 p.m.
James O’Shaughnessy, chairman, CEO and CIO of O’Shaughnessy Asset Management LLC, discusses approaches to stock investing that history suggests will work on Wall Street. Using data and research, he explains the key characteristics of an investment that do and don’t lead to better returns. Jim is recognized as one of America’s leading financial experts and a pioneer in quantitative equity analysis. He has been called a “world beater” and a “statistical guru” by Barron’s.

The Future Ain’t What It Used To Be
Friday, 1:30–2:45 p.m.
Harold Evensky, president of Evensky & Katz, discusses the dramatic impact a low-return environment has on net expenses, net taxes and net (inflation) returns. He also covers core and satellite implementation and the two-bucket cash flow strategy.

Long-Term Investing in a Short-Term Market
Friday, 1:30–2:45 p.m.
Jim Jubak, CIO of Jubak Asset Management LLC, discusses why there are good profits to be made by buying and selling—infrequently—when the herd runs in the other direction, as long as the chosen stocks are ready for the long term. He shows how the long-term strategy that he has followed since 2008 has beaten the S&P 500 index and gives his current portfolio of long-term picks.

Covered Calls: The Conservative Cash Cow Strategy
Friday, 1:30–2:45 p.m.
Michael Thomsett, author, Thomsett Publishing, explains how options traders create current income by selling calls against shares of stock. He discusses the risks involved, but also the potential profits.

Santander Overview and U.S. ADRs
Friday, 1:30–2:45 p.m.
William Sullivan, senior vice president of Santander, will give a general overview of Santander and their primary ADRs (American depositary receipts) traded on the New York Stock Exchange for over 25 years, along with their value-added benefits offered to shareholders via Santander Shareholder Relation. They trade under the tickers SAN, BSBR, BSAC and BSMX.

Dueling Strategies: Dividend Stocks Vs. Growth Stocks
Friday, 1:30–2:45 p.m.
Taesik Yoon and John Dobosz, Forbes newsletter editors, discuss their secrets to finding great stocks for portfolio profits. Is there a dividend stock bubble? How can you find growth stocks in a slow-growth economy? Taesik and John share their insights and techniques.

The Big Squeeze: How Taxes Are Squeezing Your Income; How Interest Rates Are Squeezing Your Assets
Friday, 1:30–2:45 p.m.
Tony Muhlenkamp, executive vice president at Muhlenkamp & Company, addresses why bonds are no longer a good place to invest your money, the dangers behind “creative sources of yield”, why Muhlenkamp & Company prefers owning companies with low dividend payouts, and where the company is bullish. Further, Tony provides insights into how low interest rates are impacting companies’ defined-benefit pension plans and why investors should care.

Why I Trade ETFs
Friday, 1:30–2:45 p.m.
Jim Farrish, founder of, discusses how he breaks the market down into ETFs/sectors and invests in them to meet specific criteria, a system based on 30 years of investing and trading both professionally and individually. Simple, focused and disciplined investing is why he trades exchange-traded funds.

Timeless Investment Lessons Learned From Tracking Advisers for Over 30 Years
Friday, 3:00–4:15 p.m.
Mark Hulbert, editor of the Hulbert Financial Digest, reveals which investment newsletters have beaten the market over the long term and which are doing well right now, based on tracking their performance for more than three decades. He reviews the lessons that can be drawn from the strategies these advisers pursue, as well as what those advisers are forecasting for the market in 2014.

An ETF Investor’s Guide to Emerging Markets 
Friday, 3:00–4:15 p.m.
Ben Johnson, director of Global Passive Fund Research at Morningstar, outlines the fundamental case to be made for investing in emerging markets. He shows how exchange-traded fund (ETF) providers have flooded the market with a plethora of new funds, leaving investors to question which funds are the right tools for the job. He also highlights the cream of the emerging markets’ ETF crop.

Bond Crisis @ Glacial Speed
Friday, 3:00–4:15 p.m.
Marilyn Cohen, president and CEO of Envision Capital Management, discusses how the “Great Rotation” out of bonds into stocks is dormant. She makes the case for why portfolios should have callable, fix-to-float, floating rate bonds and preferreds for income generation.

An Introduction to Investor’s Business Daily’s ETF Strategy
Friday, 3:00–4:15 p.m.
Timothy Reazor, director of the IBD Meetup Program for Investors Business Daily, discusses IBD’s Market Pulse feature, which has a long history of recognizing market tops and bottoms early on to help investors maximize gains during market uptrends and protect their portfolios when the market starts a correction. As a bonus, this workshop teaches you how to sell; once you understand the four questions every trader should know, you’ll know when it’s time to sell any stock in any market!

Convertible Bonds and Preferreds: Equity-Like Returns With Reduced Volatility
Friday, 3:00–4:15 p.m.
James Dinsmore, portfolio manager at Dinsmore Capital Management, explores the different ways convertibles can be used to create equity-sensitive, total return or fixed-income portfolios. He also explores the ways that individual investors can gain exposure to convertibles in their portfolios, with a particular focus on the benefits of using closed-end funds to invest in convertibles.

Successful Growth Strategies
Friday, 3:00–4:15 p.m.
Fred Richards, president of Adrich Corporation and editor of Strategic Investing, showcases high-growth strategies that maximize profits. He discusses why he believes that the most important aspect of profitable investing is the timing of the entry and exit. Strategies discussed in detail include the power of 3, pocket pivots and repurchase options.

A Tale of Two Strategies: Bond Funds vs. Individual Bonds
Friday, 3:00–4:15 p.m.
Veronica Atkinson, vice president at Zions Direct, addresses the advantages and disadvantages to bond fund and individual bond approaches given a generalized set of circumstances. The goal is to help attendees develop a more thorough understanding of which approach may be most appropriate for them.

Panel Discussion: Best Strategies for the Individual Investor
Friday, 4:30–5:45 p.m.
Matt Schifrin, vice president and editor of Forbes Newsletter Group, moderates a panel discussion with four Forbes newsletter writers that will help attendees gain a better understanding of the pros and cons of making various investments. The panel discusses winning strategies for the year ahead, plus the best stock and fund investment ideas. The Forbes panel of experts includes: The Prudent Speculator John Buckingham; editor of Forbes Dividend Investor John Dobosz; editor of Forbes Investor Taesik Yoon; and fixed-income columnist Richard Lehmann.

Saturday, November 16, 2013 Presentations

Managing Your Money During Retirement 
Saturday, 8:30–9:45 a.m.
Maria Crawford Scott, former editor of the AAII Journal, 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.

Value of Dividends: Potentially Higher Returns, Lower Risk
Saturday, 8:30–9:45 a.m.
John Buckingham, editor of The Prudent Speculator, points out the value of dividend-paying stocks for times like these. He shows how, over the long term, dividend income has comprised a significant portion of long-term stock gains. John explains how dividend payers have delivered better total return performance than non-dividend payers, and with lower volatility generally. He also reveals which high-yielding stocks The Prudent Speculator currently favors.

MLP 101: What You Need to Know About Investing in MLPs
Saturday, 8:30–9:45 a.m.
Mary Lyman, executive director of the National Association of Publicly Traded Partnerships, examines the universe of MLPs (master limited partnerships) and how they work, explaining their advantages and disadvantages. She gives you an idea of what to expect as an MLP investor and walks you through how your investment is taxed. She also explores some alternatives to direct investment in MLPs.

Portfolio Management and Investment Record-Keeping
Saturday, 8:30–9:45 a.m.
Matt Willms, president of Quant IX Software, discusses the portfolio management software tool Investment Account Manager (IAM). He describes the features provided by IAM to help better manage investment portfolios, including creating portfolios, entering investment transactions, importing Stock Investor Pro data and reviewing reporting and graphing tools.

Crash-Proof? Currencies May Help
Saturday, 8:30–9:45 a.m.
Axel Merk, president and CIO of Merk Funds, discusses the current macroeconomic forces driving global currencies. With the bond market under pressure as the stock market heads into the stratosphere, he cautions that what goes up may come down, and he addresses the question: Where do investors hide when asset classes are moving in tandem? Axel explains how the currency asset class may provide valuable diversification to your portfolio in these uncertain times.

The Fastest Way to Find the Charts You Want
Saturday, 8:30–9:45 a.m.
Michael W. Thompson, director of business and client relations at Worden Brothers, discusses the features of TC2000 and its ability to create indicator conditions from the chart as well as search any watchlist for stocks that look like you want them to right now. You can see how to put the powerful scanning and sorting capabilities of TC2000 to work, helping you quickly and effectively find stocks that fit your trading goals.

Investing in Gold and Silver Markets
Saturday, 8:30–9:45 a.m.
Miguel Perez-Santalla, vice president of BullionVault, discusses the gold and silver markets and how they function. He further discusses the best type of investment products for the investor based their appetite for risk.

Learn How FINRA (Financial Industry Regulatory Authority) Can Help You
Saturday, 10:00–10:30 a.m.
FINRA advocates on behalf of investors and provides in-depth education. At an “Open House” on Saturday, Pete Chandler, FINRA’s director of Investor Education, covers topics and resources of great value to investors. Please note: To attend any of the following events, sign up for a spot at FINRA’s booth. Workshops

How to Get the Highest Returns With the Least Effort
Saturday,10:30–11:45 a.m.
Sheldon Jacobs, author and founder of The No-Load Fund Investor, discusses five essentials that investors need to concentrate on and what they can safely ignore. He explains his two-fund solution to obtaining average to above-average investing results and why he believes the new fundamentally weighted index funds will prove to be superior to cap-weighted index funds. Finally, Jacobs shows how clear thinking will improve your investing results and how to use the media to get the best advice and recommendations.

Income Investing in Volatile Markets
Saturday, 10:30–11:45 a.m.
Richard Lehmann, president of Income Securities Advisor Inc., shows how income investors today are in an artificial rate environment with the potential of significant inflation in the coming years. To help investors face the uncertainty and volatility, he focuses on how to obtain a reasonable income today without significant capital risk.

The Zen of Investing: Three Questions Every Investor Must Answer
Saturday, 10:30–11:45 a.m.
Matt Krantz, markets reporter for USA Today, discusses the confusing questions investors ask themselves that have no real answers, such as: Is this a good time to buy stocks? Should I get out of bonds now? Are stock splits going to make me rich? Krantz shows attendees how to use a Zen-like approach to investing to find the critical answers to the three questions that do matter and that will answer all the others.

How to Properly Time Your Entry and Exit in the Market
Saturday, 10:30–11:45 a.m.
Timothy Reazor, director of Investor’s Business Daily’s meetup program, uses IBD’s research dating back to 1880 to show you how to properly time your entry and exit in the stock market. The insights gained from this session help you develop a skill set that enables you to take maximum profits while minimizing losses. As a bonus, Reazor dives deeper into IBD’s ETF strategy and show you how to construct a proper IBD watchlist.

Covered Calls
Saturday, 10:30–11:45 a.m.
Jim Bittman, Options Industry Council instructor, discusses one of the simplest, and most widely used, option strategies: the covered call. He covers the strategies for, alternatives and potential outcomes of entering into this option strategy.

Which Fundamentals and Technicals Matter the Most and How to Score Them
Saturday, 10:30–11:45 a.m.
Mike Turner, president and founder of CycleProphet Inc., takes you through the steps he developed to determine the most important fundamentals and technicals for investors looking to build and manage profitable portfolios. Mike shows you how he scores these different elements in order to quickly and efficiently separate the best companies, sectors and industries from the worst; and how to score and rank the best ETFs (exchange-traded funds).

Adaptive Asset Class and Sector Rotation Strategies
Saturday, 10:30–11:45 a.m.
Scott Juds, president and CEO of SumGrowth Strategies, examines mutual fund and ETF example strategies for both asset class rotation and sector rotation that perform well, even with forward-walk-progressive-tuning, the industry gold standard for strategy backtesting. He explains that since economists really do point in all directions, prudent investors must devise strategies that automatically adapt to changes in the economy, interest rates, favored sectors and favored world regions.

Keynote Speaker
Understanding Confidence and Bubbles in View of Recent Events
Saturday, lunch with presentation, 12:00–1:30 p.m.
Robert Shiller, Yale economics professor and co-developer of the S&P/Case-Shiller Home Price Indices, discusses the recent level of market confidence based on changes in the stock market, the housing market and the overall economy. He explains how he uses a valuation confidence index along with his co-created CAPE ratio (cyclically adjusted price-earnings ratio) and other market indicators and historical data to analyze whether the market is currently overvalued and where it might be headed.

Smart Investing: Seeking Reward While Reducing Risk
Saturday, 2:15–3:30 p.m.
Charles Rotblut, CFA, vice president at AAII and editor of the AAII Journal, 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.

Don’t Dump Those Dividends!
Saturday, 2:15–3:30 p.m.
Sam Stovall, S&P Capital IQ’s chief equity strategist, believes dividend-paying stocks will continue to play an important role in diversified portfolios of income-oriented investors. Using a combination of market history and investment expectations, Sam discusses why investors may need to adjust their tolerance toward volatility, but should not jettison higher-yielding equities from their portfolios.

Traditional Investment Theories Toppled by Global Markets
Saturday, 2:15–3:30 p.m.
Bernard R. Horn, president and portfolio manager of Polaris Capital Management LLC, discusses the interesting insights he has gained from his research in the U.S. and around the world. He looks at global markets in the context of three traditional investment theories: market efficiency, correlations and probability distributions of stock returns.

Stock Investor Pro Demo
Saturday, 2:15–3:30 p.m.
Wayne A. Thorp, CFA, senior financial analyst at AAII and editor of Computerized Investing, walks you through the functions and features of Stock Investor Pro, AAII’s fundamental stock screening and research database program. He shows you how to use Stock Investor Pro to reduce a large universe of stocks into a manageable group of prospects that match your investment style.

Determining the Right Strategy For You
Saturday, 2:15–3:30 p.m.
David Derricott, representative for MetaStock, a premier charting and technical analysis software, shows you how MetaStock’s Power Tools will help find the answers to your questions and reveal the best approaches that fit you.

An Structured Approach to Fundamental Stock Analysis With the IAS Newsletter
Saturday, 2:15–3:30 p.m.
Douglas Gerlach, editor-in-chief of the four-time Hulbert Newsletter Honor Roll recipient Investor Advisory Service (IAS) newsletter, presents the structured approach to stock analysis used by his IAS analysts and customers. He focuses on key factors that reveal a company’s true underlying growth and quality, as well as how to determine a realistic valuation model for its stock.

Finding the Best Times to Generate Income in the Market
Saturday, 2:15–3:30 p.m.
Erik Akins, senior trading strategist at TradeMiner/Gecko Software Inc., teaches how to quickly identify recurring trends and market cycles that occur in the stocks, futures and forex markets. After scanning the market for trends and cycles, TradeMiner takes it a step further and analyzes the current year’s approaching trades to help determine if the cycle is on track to repeat this year.

Key Ingredients for Successful Retirement Portfolios
Saturday, 4:00–5:15 p.m.
Christine Benz, director of personal finance at Morningstar Inc., discusses the key components of retiree portfolios today, including inflation protection, a stable pool of assets from which to draw assets for living expenses and a growth component for longevity. She also discusses some model “bucket” portfolios for retirees, consisting of both traditional mutual funds and exchange-traded funds.

Benjamin Graham and Behavioral Finance: Investing Lessons From an Old Master and a New Science
Saturday, 4:00–5:15 p.m.
Jason Zweig, investing columnist at The Wall Street Journal, describes the decision traps that chronically get investors into trouble, based on the findings of behavioral finance and neuroeconomics. He also offers several techniques, policies and procedures that investors can use to make better decisions.

The Outlook for the U.S. and Global Economy, and the Financial Markets
Saturday, 4:00–5:15 p.m.
Tony Crescenzi, executive vice president of PIMCO, goes around the world to assess the macro investment climate, concluding with what matters most: investment ideas. He gives viewpoints on the many segments of the bond market, focusing on the outlook for interest rates, the Federal Reserve, the yield curve and interest rate volatility. A broad overview of the U.S. economic outlook is discussed in this context, including updated views on the housing market.

Predicting Market Trends
Saturday, 4:00–5:15 p.m.
Peter Miller, Barron’s director of statistics, uses tables and data points in Barron’s to determine market direction, intensity, breadth and investor sentiment. He also discusses bonds and the yield curve, discussing its effects on the market.

Protecting Assets & Producing Consistent, Above-Average Aftertax Returns Over the Long Term
Saturday, 4:00–5:15 p.m.
Michael J. Cuggino, portfolio manager at Permanent Portfolio Family of Funds Inc., discusses the no-load mutual fund family’s investment philosophy that is founded on protecting what you have and producing consistent, above-average, aftertax returns. Its family of funds consists of four separate “portfolios,” each with its own investment objective and strategies.

Annuities: The Good, The Bad, The Truth
Saturday, 4:00–5:15 p.m.
Stan The Annuity Man explains all types of annuities, and how to determine if an annuity strategy is appropriate for your specific situation. This annuity presentation provides the needed tools to make an informed annuity decision.

Income From Shale Oil and Gas
Saturday, 4:00–5:15 p.m.
John Graves, editor of The Retirement Journal, discusses what stocks pay safe dividends, how to choose them and when to leave them. MLPs, ETFs, ETNs and mutual funds: you CAN enjoy a comfortable retirement!

Sunday, November 17, 2013 Presentations

Finding a Stock Winner: First Step Screening
Sunday, 9:00–10:15 a.m.
Joe Lan, CFA, assistant financial analyst at AAII, shows how computerized stock screening systems can be used to reduce a large universe of stocks into a manageable group of prospects that match your investment style. He walks through the process of developing and implementing both a value and a growth screen using AAII’s Stock Investor Pro fundamental analysis database and screening program.

Do Mutual Funds Still Work?
Sunday, 9:00–10:15 a.m.
Chuck Jaffe, senior columnist at MarketWatch, discusses whether investing in mutual funds is still beneficial today and what factors to consider when making fund decisions. Jaffe goes over the benefits as well as the drawbacks of holding funds and shows you how to decide if investing in mutual funds is right for you.

Behavioral Investing: Demystifying the Psychological Drivers of Global Markets
Sunday, 9:00–10:15 a.m.
Richard L Peterson, managing director at MarketPsych LLC and author of “Inside the Investor’s Brain,” explains the essence of a contrarian international investment philosophy. Using the Thomson Reuters MarketPsych Indices (TRMI) as a source for global financial sentiment, Peterson examines how equity, commodity and currency sentiment predict price action in repeating and investable patterns.

Lessons Learned from Harvard & Yale Endowments: Using Managed Futures for Portfolio Diversification
Sunday, 9:00–10:15 a.m.
David Johnson, president of Global Capital Group, shows mounting evidence of a coming tough environment for traditional investments over the next decade, and how to select portfolio components that have the potential to increase returns and reduce risk in this environment. He discusses how stocks, bonds, managed futures and real estate all have their places in a robust portfolio for the next decade. The key is learning what each has to offer and how to use them together effectively in this challenging investing environment.

Three Non-Traditional REITs for Income Investors
Sunday, 9:00–10:15 a.m.
Nick Taggart, president of Taggart Income Investments, highlights three non-listed REITs from his selective buy list. Each REIT has over $1 billion in assets, pays a dividend of 6% or more and is registered as a public security (i.e. not a “private REIT”). Nick explains how these income investments work, how they differ from traditional listed REITs and common pitfalls to avoid with unlisted REITs.

How to Know When to Buy, Hold or Sell Your Stock Position
Sunday, 9:00–10:15 a.m.
Gary Falber, CEO of Stop Buying The Bull, provides you with the information that disproves Wall Street’s claims that nobody knows when to buy, hold or sell their stocks. After attending this workshop, you will have the knowledge and understanding as to when to buy, hold, sell or avoid the markets. Going forward, Falber believes you will be able to outperform the investment professionals and invest with confidence.

Diversifying Portfolios with Managed Futures and Forex: What Investors Need to Know
Sunday, 9:00–10:15 a.m.
Larry Dyekman, director of communication and education at the National Futures Association, discusses how over the past few years, many investors have begun diversifying their portfolios and managing financial risk through the addition of managed futures and forex (off-exchange foreign currency). He covers the different risks inherent in on-exchange futures and off-exchange forex trading, how the markets are regulated and the due diligence you should conduct before opening an account.

Determining a Stock’s True Worth
Sunday, 10:45–12:00 p.m.
Wayne A. Thorp, CFA, senior financial analyst and Computerized Investing editor at AAII, 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.

Let Charts Help You Become a Better Investor
Sunday, 10:45–12:00 p.m.
Michael Kahn, columnist for Barron’s Online, shows how charts are not just for traders; they help keep your investing in sync with the market and also help you find which sectors are leading and which are lagging to fine-tune your results. He demonstrates the basics with real world examples and gives a read on current market conditions.

ETFs & Investment Strategies to Match Investment Objectives
Sunday, 10:45–12:00 p.m.
Neil Leeson, ETF strategist for Ned Davis Research, gives a comprehensive review of the current exchange-traded product (ETP) market trends and outlook to help you decide whether ETPs can meet your investment objectives. He also examines simple approaches to aid in ETF selection, allocation and overall investment strategy with publicly available resources. Finally, Leeson outlines key considerations to keep in mind when building a portfolio of ETPs.

Prudena Online Investing Tools and Educational Resources
Sunday, 10:45–12:00 p.m.
Charles Strout, founder of Prudena, combines elements of value investing, behavioral finance, educational resources and time-saving tools to organize and improve your investing strategy. This presentation provides an overview of the philosophy and offerings of Prudena as well as examples of how Prudena can be used with AAII’s Stock Investor Pro. Attendees receive a free Excel model based on the work of Stephen Penman of Columbia Business School.

Making Money in the Markets is Not That Difficult
Sunday, 10:45–12:00 p.m.
Sunny Decker, president of Best Choice Software, discusses his formula for successful trading. He shows how by reviewing the history of a stock, Best Choice can determine the direction a stock will move; the duration of the move; using options, the best strike to buy; the time the stock will move; and calculate when to sell and take profits.

Health Care Leader Roche: Committed to Innovation and Profitable Growth
Sunday, 10:45–12:00 p.m.
Nina Goworek, investor relations officer at Roche Holdings Inc., gives an overview of Roche’s business and strategy. Roche is the world’s largest biotech company and world leader in in-vitro diagnostics and tissue-based cancer diagnostics.

Regulatory Update for Retail Investors
Sunday, 10:45–12:00 p.m.
Lori Schock, director of the Office of Investor Education and Advocacy at the U.S. Securities and Exchange Commission, discusses how the Dodd-Frank Wall Street Reform and Consumer Protection Act has resulted in a changing landscape for investors since its enactment in July 2010. She also covers recent SEC rulemaking and current regulatory discussions.

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
  • Opening Ceremony with keynote speaker, luncheon with keynote speaker and panel discussion
  • Two continental breakfasts & welcome reception
  • Smart Investor Exhibit Hall
  • Loews Royal Pacific Resort — guests receive free water taxi to the Universal Orlando parks plus “Skip The Line” access for rides and attractions!