The King of Value: Screening for Low Price-to-Free-Cash-Flow

Mutual Funds
The EZ Approach to ETF Portfolio Building
Despite the dizzying array of complicated investment products to choose among, there is a simple way to build a low-cost, low-maintenance, fully diversified portfolio. And all you need are a few key exchange-traded funds. A look at the low-hassle ETF portfolio.

Mutual Funds
The Individual Investor's Guide to Exchange-Traded Funds
Our annual guide to over 180 exchange-traded funds--portfolio baskets of securities that look like mutual funds but trade like stocks. Includes a complete listing of all existing stock and fixed-income exchange-traded funds, plus articles on what you need to know about investing in them.

Stock Screens
The King of Value: Screening for Low Price-to-Free-Cash-Flow
For many investors, cash is 'king' when it comes to selecting stocks, since growth in sales, earnings and asset values is ultimately fueled by a company's cash-generating ability. And now cash may be king when it comes to stock screening as well--AAII's free cash flow screen (low price-to-free-cash-flow) is one of the top-performing value strategies tracked by AAII. A look at the low price-to-free-cash-flow screen.

AAII Model Portfolios
No Summer Doldrums for the Shadow Stock Portfolio
The Model Shadow Stock Portfolio has found enough fuel to jet through the summer doldrums of 2005, rocketing to a 19.1% return over the quarter, while year to date it is up 17.8% compared to 5.4% for the Vanguard Small Cap Index fund. Our quarterly review includes a list of changes to the portfolio over the last quarter, as well as a complete listing of the holdings.

Hot Links
Web Sites for Exchange-Traded Funds
Where to find up-to-date market and trading information on exchange-traded funds.

Portfolio Strategies
The EZ Approach to ETF Portfolio Building
Despite the dizzying array of complicated investment products to choose among, there is a simple way to build a low-cost, low-maintenance, fully diversified portfolio. And all you need are a few key exchange-traded funds. A look at the low-hassle ETF portfolio.

Mutual Funds
The Individual Investor's Guide to Exchange-Traded Funds 2005
Our annual guide to over 180 exchange-traded funds--portfolio baskets of securities that look like mutual funds but trade like stocks. Includes a complete listing of all existing stock and fixed-income exchange-traded funds, plus articles on what you need to know about investing in them.

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.