How Interest Rate Changes Affect the Price of Bonds

Features
Master Strategists for 2007: AAII's Top Stock Screens
The fiercest battle in 2007 was not among the strategists, but against the market itself. Nonetheless, the top strategist's win was decisive: The O'Shaughnessy Small Cap Growth and Value methodology closed the year up 43.9%.

Investor Professor
How Interest Rate Changes Affect the Price of Bonds
No matter the cause of interest rate movements, the impact on the bond investor is the same: Rising interest rates reduce existing bond values and falling interest rates increase existing bond values. But knowing how much bond prices can change when interest rates change will help you keep your bond risk to a level you can live with.

AAII Model Portfolios
2007 Proves Underwhelming for Small Caps and Value Stocks
A year-end review of the AAII Model Shadow Stock Portfolio.

The First Cut
Positive Surpries With Below-Average P/Es
A starting point for investors. This issue's focus is on stocks with below-average price-earnings ratios whose recent quarterly earnings reports surpassed the consensus forecast.

Stock Strategies
Finding Growth Stock Winners: Focus on 8 Fundamental Factors
There is no one magic-bullet variable that is most important in picking winning stocks. Instead, you should focus on eight fundamental variables.

Stock Strategies
Cheaper by the Dozen: 12 Wall Street Classics for 2008
Recommended reading for stock investors on a variety of investment topics.

Portfolio Strategies
Clueless: What Graduates Need to Know About Making Financial Decisions
Bad decision-making in an individual's early years can have a detrimental effect on their well-being throughout their working lives. A primer aimed at the younger generation on how to avoid early-year financial mistakes.

First Cut
The First Cut: Positive Surprises With Below-Average P/Es
A starting point for investors. This issue's focus is on stocks with below-average price-earnings ratios whose recent quarterly earnings reports surpassed the consensus forecast.

Investor Professor
How Interest Rate Changes Affect the Price of Bonds
Interest rates are changing. As a bond investor, does that make you happy or sad? The key to happiness may be more complicated than you thought.

Offbeat Offerings
Offbeat Offerings: Unit Investment Trusts
An investor reference for products that are not your typical offering. This issue's focus is on unit investment trusts.