Member News 2014
AAII Membership Includes Local Chapter Access
Learn about investing with folks in your area by attending an AAII Local Chapter meeting. Some of the best and brightest financial minds have given presentations at chapters across the country in the past year. The speakers’ topics run the gamut from investing basics to stock analysis. Speakers range from Morningstar’s Christine Benz describing how to create your ideal retirement paycheck to Stockr’s CEO, Vinny Jindal, giving insights on how social media is changing the landscape of investment. Former Barron’s associate editor Michael Santoli analyzed the current bull market for the Connecticut chapter, and S&P Capital IQ chief strategist Sam Stovall captivated the Washington D.C. Metro chapter with a detailed market outlook.
AAII staff regularly fly out to share their insights as well. Vice president and Journal editor Charles Rotblut recently traveled to the Pacific Northwest to deliver his presentation on “Smart Investing: Seeking Reward While Reducing Risk” to the Portland and Puget Sound chapters, while vice president and Computerized Investing editor Wayne Thorp shared his strategies on “Determining a Stock’s True Worth” to Austin, Houston and Dallas in March.
There is usually a nominal fee at each meeting to cover costs, but policies vary by chapter—some meetings are donation-only at the door, some are free, and some include a full dinner.
In addition to regular chapter meetings, many chapters also organize subgroups for members to connect and plunge in-depth into a specific topic, whether it’s mutual funds, retirement, technical analysis or just a more intimate get-together. Some chapters even offer computerized investing subgroups where members discuss different ways to seek out and manage investments with the aid of computer software or the Internet. These groups may be of particular interest to Computerized Investing subscribers who want to swap online forums for face-to-face discussion once in a while.
Connect and Participate
We encourage you to connect with your local chapter, which is as easy as logging in to AAII.com. The Chapters page (Figure 1) at www.aaii.com/chapters lists each local chapter, serving regions with a concentrated population of members, and each Investment Education Group, which is a more informal group for regions with a smaller member base. You can browse upcoming and previous presentations, and sign up online to receive notifications for chapters of your choice (Figure 2). If you prefer to sign up over the phone, just call Member Services at (800) 428-2244 to request mailed or emailed announcements. This service is free to AAII members.
Get in touch with your AAII Local Chapter today to enrich your investment education.
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 5/20/2014.
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|
|Deferred Membership Revenue||
|Net Fixed Assets||
|Deferred Life Membership Revenue||
|Total Liabilities and Fund Balance||
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
Four papers won awards for investment research from AAII in 2013. 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 around the country. The best academic paper presented at these meetings is selected by a committee of investment research experts.
AAII awards the writers of winning papers. 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, more than 150 awards have been presented. Recent award-winning papers and recipients include:
“Do Brokers of Insiders Tip Other Clients?,” by William McNally, Brian Smith and Andriy Shkilko of Wilfrid Laurier University, awarded by the Midwest Finance Association.
“Performance Measurement with Market and Volatility Timing and Selectivity,” by Wayne Ferson of University of Southern California and Haitao Mo of Louisiana State University, awarded by the Southwestern Finance Association.
“Stocks with Extreme Past Returns: Lotteries or Insurance?,” by Alexander Barinov of the University of Georgia, awarded by the Southern Finance Association.
“Discretionary Liquidity: Hedge Funds, Side Pockets, and Gates,” by Adam Aiken of Quinnipiac University, Christopher Clifford of University of Kentucky and Jesse Ellis of NC State University, awarded by the Financial Management 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 Kate Peltz at (800) 428-2244 or email@example.com.
AAII offers several supplemental benefits to members. These include discounts on financial publications, an insured money market deposit program from Discover Bank and an affinity credit card program.
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.
Our goal at AAII is to offer you the best investor education in a simple and secure manner via print and over the Internet. As a publisher, 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 website 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 are using the site.
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.