Member News 2012
Two New Features for AAII Members
We have added a couple of new free enhancements to AAII membership.
The first is the AAII Blog. Accessible at AAII.com, our blog keeps you up to date on everything that is happening at AAII. Throughout the day, the blog alerts you to the latest articles and analysis posted to AAII.com, as well as notices for upcoming local chapter meetings.
Notices are also posted about the latest updates to all AAII surveys, publications and features. You can quickly see the weekly results for the AAII Sentiment Survey. Computerized Investing subscribers can see a synopsis of the newest reviews and commentaries. Stock Superstars Report and AAII Dividend Investing subscribers are notified when their weekly commentaries are available. And Stock Investor Pro users can find out when the latest weekly updates have been posted.
The blog can be accessed from the top of any page on AAII.com by simply clicking on the AAII Blog tab. You can also access the blog by directing your web browser to www.aaii.com/investment-education. An RSS feed is also available for members who wish to be automatically notified of blog updates.
The second new feature is the Model Portfolio Update email. This monthly email gives you the latest updates to our Model Shadow Stock Portfolio, Model Mutual Fund Portfolio and Model ETF Portfolio. You are alerted to any changes in the portfolio and can see the most current return information, all delivered directly to your inbox.
You can sign up for this email by visiting www.aaii.com/email.
Additional AAII Emails
This same page on our website also allows you sign up and manage your preferences for other AAII email newsletters. The weekly Investor Update provides AAII Journal Editor Charles Rotblut’s insights into the current financial, investing and economic trends.
The Weekly Features email alerts you to new and relevant articles on AAII.com, as well as the latest research from S&P Capital IQ. This research includes a hand-picked Focus Stock of the Week.
The Stock Screens email highlights a strategy that is currently performing well and explains the philosophy behind it.
Computerized Investing subscribers will want to sign up for the weekly CI Email to get the latest updates on technological trends and trading strategies.
And if you are new to AAII, or just want a refresher on how to take full advantage of your membership, be sure to sign up for Getting Started—a very helpful series of emails.
Find Out How the Most Popular Brokers Rate
Our annual Online Discount Broker Survey has been updated. This survey asks AAII members which brokers they use and what they think of them.
You can see not only which brokers other members prefer, but also how the 10 most popular brokers rank on a variety of important criteria. Members rate their brokers on price, speed of execution, the reliability of both broker-assisted and electronic trades, and their satisfaction with how trades are completed.
The results give a useful comparison for judging which broker is best for you. You can see exactly how each broker compares to other brokers, enabling you to make a more informed decision about who to work with.
The survey, and its results, are available in the Surveys section of AAII.com or can be viewed by pointing your browser to www.aaii.com/brokersurvey.
For more in-depth analysis of online brokers, consider a subscription to Computerized Investing. The Second Quarter 2012 issue looks at the specific pros and cons of the five most popular online brokers. Computerized Investing can be accessed at the top of any page on AAII.com or by pointing your browser to www.aaii.com/computerizedinvesting.
Supplemental Benefit: The AAII Discover Bank Program
AAII is partnered with Discover Bank to give you access to certificates of deposit, IRA CDs, money market accounts and online savings accounts earning preferred members-only rates that are higher than the nationally advertised rates on comparable Discover accounts.
Though you may know the company for its credit products, Discover has actually been in the banking business since 1911—and today, it’s emerging as one of the nation’s leading direct banks. As an AAII member saving with Discover, you’ll benefit from:
- Rates that have consistently exceeded the national average1
- No minimum opening deposit requirement
- Easy and convenient online account management
- 24/7 customer service, both online and by phone
- Accounts insured up to FDIC limits, currently $250,000
Visit https://aaii.discoverbank.com or call Discover at (800) 347-7513 to learn more about these products and the preferred members-only rates you’ll earn.
1 Based on top 50 U.S. banks by deposit provided by Informa Research Services, Inc. as of 4/5/2012.
AAII Financial Summary
Annually, AAII publishes its year-end balance sheet for members and life members interested in the finances of the association. Prior years’ balance sheets can be found online in the Member News sections of past AAII Journals.
|Assets||Liabilities and Fund Balance|
|Current Assets||$1,278,763||Accounts Payable||$394,431|
|Investments||5,672,325||Deferred Membership Revenue||2,987,530|
|Net Fixed Assets||12,813||Deferred Life Membership Revenue||12,822,090|
|Total Assets||$6,963,901||Total Liabilities and Fund Balance||$6,963,901|
|Note: Deferred membership revenue is recognized periodically as income over the membership period. Deferred life membership is recognized periodically as income over a 25-year period. This accrual method of accounting reflects the Association’s long-term obligation to its members.|
Academic Awards: Fostering Investment Education and Research
Five papers won awards for investment research from AAII in 2011. The awards are presented as part of AAII’s ongoing effort to encourage education and research in the area of investments and are given for papers that provide insight into investing.
The awards are made in conjunction with the meetings of major finance associations. The best academic paper in investments presented at these meetings is selected by a committee of investment research experts.
AAII awards the writers of winning papers $1,000, and papers are selected based on the quality and thoroughness of research and on the contribution to shaping effective investment decisions.
Since the program began in 1983, over 144 awards have been presented. The awards for 2011 include:
“Order Book Characteristics and Future Price Volatility: Empirical Evidence From a Limit Order Market,” by Pankaj Jain, Pawan Jain and Thomas H. McInish of the University of Memphis, awarded by the Eastern Finance Association.
“Managerial Multitasking in the Mutual Fund Industry,” by Vikas Agarwal and Linlin Ma of Georgia State University, awarded by the Financial Management Association.
“The Price of Street Friends: Social Networks, Informed Trading, and Shareholder Costs,” by Jay Cai and Ralph A. Walkling of Drexel University and and Ke Yang of Lehigh University, awarded by the Southern Finance Association.
“On the Relation Between EGARCH Idiosyncratic Volatility and Expected Stock Returns,” by Hui Guo, Haimanot Kassa and Michael F. Ferguson of the University of Cincinnati, awarded by the Southwestern Finance Association.
“How Informed Are Predictive and Reactive Short Sellers Around Earnings Announcements?” by Gordon J. Alexander of the University of Minnesota and Mark A. Peterson and Xiaoxin Wang Beardsley of Southern Illinois University, awarded by the Midwest Finance Association.
These papers are technical; however, the AAII Journal does publish the findings of papers that are of particular interest to individual investors. If you would like a copy of a paper, you can contact AAII’s editorial department at (800) 428-2244 or firstname.lastname@example.org.
Our goal at AAII is to offer you the best investor education in a simple and secure manner over the Internet. We gather member information in order to provide an investor-friendly service.
We request your email address as part of the registration process for AAII.com. We use this information to contact our members and guest users regarding updates to the site and to personalize the service. Your email address is secure and will never be released to any third party.
To improve our website, we regularly track usage through log analysis to understand how our members, in aggregate, are using the site.
The information we collect through log analysis is not specific to any one user and remains confidential. This information is used to determine popular areas of the site by measuring clicks and the length of time a member spends on a page. We keep track of this data for determining trends and statistics internally.
AAII does maintain a subscriber list and we do on occasion make portions of this list available to carefully screened companies that offer personal finance products and services that we believe may be of interest to the members of AAII. If you do not want to receive these offers, please let us know by contacting AAII Member Services at (800) 428-2244.
AAII offers several supplemental benefits to members. These include discounts on financial publications, such as Barron’s and The Wall Street Journal, an insured money market deposit program from Discover Bank and an affinity credit card program provided by Capital One.
We view these programs as supplemental benefits and do not want to lose sight of our main purpose. However, many of these programs are helpful to a significant number of our members; in some cases, they provide AAII with additional income. For example, with the Discover money market program, AAII receives 0.05% per year on the outstanding deposits. These funds help us to support our investment research grants and to educate individual investors.
Future supplemental benefits will also be offered as opportunities, and not as recommendations. Only you can decide what is best for you.