In Today's Investment Environment, Bank CDs Deserve a Fresh Look

Asset Allocation
Five Big Lessons From Market History
The period from 1987 to 2002 encompassed the extremes, including two severe bear markets and one long bull market. How would various asset allocation strategies have fared during this time period? A valuable financial market history lesson.

Stock Screens
Shadow Stock Rookies: What the Newcomers Look Like
The price-earnings ratios for the Shadow Stock rookies range from 3.2 for freight carrier B&H Ocean Carriers, to 102.6 for OYO Geospace Corp., a maker of seismic data instruments.

Fixed-Income Strategies
In Today's Investment Environment, Bank CDs Deserve a Fresh Look
With rising bond default rates and the lowest Treasury yields in more than a generation, investors would be wise to reconsider long-term bank time deposits as a way to earn safe returns in excess of money market yields.

Portfolio Manager Interview
Another Interview With Donald Yacktman, President and Portfolio Manager, The Yac
A search for good businesses and good management at good prices.

Bonds
Putting Together a Portfolio of Municipal Bond Investments
Any decision you make about fixed-income investments regarding maturities will involve trade-offs between the amount of income generated by your portfolio and the risk to the value of principal.

Stock Strategies
The Predictive Power of Price-Earnings and Price-Sales Ratios
Both price-earnings and price-sales ratios are significant factors in predicting future stock price performance over the next year.

Portfolio Strategies
Ten Lessons You Should Learn From Recent Market History
A review of returns from 1987 through 2002, encompassing both strong bull and fierce bear markets, shows that a fixed-weight portfolio that includes both bonds and stocks and is rebalanced annually is One Good Strategy.

Stock Screens
Out of Wall Street's Spotlights: AAII's 2003 Shadow Stock Listing
This year's list consists of 159 companies, including 44 newcomers. Detailed financial data for all 159 Shadow Stocks is available in spreadsheet form in the Download Library area under Files from AAII.