Briefly Noted

Stock Screens
The Rule #1 Approach to Finding Wonderful Companies
Warren Buffett’s #1 rule of investing is: Don't lose money And how do you accomplish that small feat? By investing in wonderful companies at attracive prices, according to Phil Town, author of a new book that outlines his approach. A look at AAII's new stock screen based on Town's methodology.

Features
The Individual Investor's 2007 Guide to Exchange-Traded Funds
Our annual guide this year features over 500 exchange-traded funds. Included is a complete listing of all existing stock and fixed-income exchange-traded funds, plus articles on how they work and what you need to know about investing in them.

Hot Links
Web Sites for Exchange-Traded Funds
Where to get up-to-date market and trading information on exchange-traded funds, as well as prospectuses and other fund reports.

Portfolio Strategies
Building an ETF Portfolio: From the Simple to the Complex
You can keep it simple while making it complex. By using a simple, index-based approach, you can build a low-cost, low-maintenance fully diversified portfolio of exchange-traded funds that can range from the basic to the intricate. A look at the low-hassle ETF portfolio.

First Cut
The First Cut: Socially Responsible GARP
A starting point for investors. This issue's focus is on companies acceptable to many "socially responsible investors" that are profitable and trading at attractive prices relative to expected growth rates.

AAII Model Portfolios
Third Year of an Election Cycle: Volatility Returns to the Market
This has not been a typical pre-election year--but there are still several months to go before year-end. Despite volatile returns, the Model Shadow Stock Portfolio is up 7.5% for the year, compared to 5.1% for the S&P 500. Our quarterly review.

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

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