Briefly Noted

Bonds
An Investor's Guide to Closed-End Muni Funds
The main promise of closed-end municipal bond funds is higher yield, but that higher yield comes at a cost of higher risk. What you should know about investing in closed-end muni funds

Stock Strategies
Parting Company: 4 Rules for When to Sell
Selling is one of the toughest parts of investing. Doing it well can make you multiples, but doing it poorly can cost you dearly. A look at four basic rules for how to know when to let go.

Top Web Sites
AAII's Best of the Net: Guide to the Top Investment Web Sites, 10th edition
Our Best of the Net ratings go to investment Web sites that provide investment information or services that are useful, substantial and available for free or at a reasonable price.

Investment Newsletters
Creating the Ideal Benchmark: Freeze Your Adviser
Has your adviser beaten his performance benchmark, or hasn't he? Standard performance comparisons raise a surprising number of complex issues. A different way of constructing benchmarks - and how newsletters stack up.

Stock Screens
Avoiding the Traps of Being Early: Value on the Move Screens
AAII's Value on the Move screens seek value-oriented stocks but attempt to avoid typical value traps by adding criteria for earnings growth and relative strength.

Departments
Letters to the Editor
Member questions and comments on recent AAII Journal articles.

Departments
Briefly Noted
Current news items of interest to individual investors.

First Cut
The First Cut: Positive Earnings Surprises
The top 30 stocks that have reported quarterly earnings surpassing the consensus.