The AAII Journal
October 2001 Issue
Features »
The Investment Implications of Lower Stock Return Prospects
Portfolio Strategies: There is a strong consensus among academics and professionals that long-run U.S. stock prospects are below average. Market multiples, which even with the market decline are well above average, suggest below-average future prospects.
Features »
Using Price-to-Sales Ratios for Out-of-Favor Stocks
Stock Screening: Proponents of price-to-sales ratios argue that sales-based valuations are better than earnings-based ones because sales is subject to fewer assumptions, interpretations and manipulations.
Features »
International Investing: It Still Makes Sense to Diversify
Mutual Funds: Correlations among the world's major markets often converge during brief U.S. market shocks. The heavy selling typically produces a worldwide domino effect during severe global traumas.
Features »
An Interview With Mary Miller, Portfolio Manager, T. Rowe Price Tax-Free Income
Feature: Attaining compelling aftertax returns in the high-grade municipal market.
Features »
Tax Relief and the Changes to the Estate and Gift Laws
Tax Strategies: The prospect of the eventual estate tax repeal in 2010 seems to contains the promise of simplified estate planning, but the promise may be more illusion than reality. For the rest of the decade, the estate tax will be in constant flux.
Features »
Arms' Ease of Movement: Adding Volume to the Equation
Technical Analysis: Equivolume is a method that places price activity and trading volume on an equal footing. Volume analysis is useful in identifying levels of support and resistance as well as points where these levels are broken.
The Investment Implications of Lower Stock Return Prospects
Portfolio Strategies: There is a strong consensus among academics and professionals that long-run U.S. stock prospects are below average. Market multiples, which even with the market decline are well above average, suggest below-average future prospects.
Using Price-to-Sales Ratios for Out-of-Favor Stocks
Stock Screening: Proponents of price-to-sales ratios argue that sales-based valuations are better than earnings-based ones because sales is subject to fewer assumptions, interpretations and manipulations.
International Investing: It Still Makes Sense to Diversify
Mutual Funds: Correlations among the world's major markets often converge during brief U.S. market shocks. The heavy selling typically produces a worldwide domino effect during severe global traumas.
An Interview With Mary Miller, Portfolio Manager, T. Rowe Price Tax-Free Income
Feature: Attaining compelling aftertax returns in the high-grade municipal market.
Tax Relief and the Changes to the Estate and Gift Laws
Tax Strategies: The prospect of the eventual estate tax repeal in 2010 seems to contains the promise of simplified estate planning, but the promise may be more illusion than reality. For the rest of the decade, the estate tax will be in constant flux.
Arms' Ease of Movement: Adding Volume to the Equation
Technical Analysis: Equivolume is a method that places price activity and trading volume on an equal footing. Volume analysis is useful in identifying levels of support and resistance as well as points where these levels are broken.
Topic Archive
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