• Basic Membership Access to Journal, Shadow Stock portfolio & monthly updates for stock screens
  • A+ Investor Full access to AAII.com, Journal, and a power data suite for investment ideas
  • AAII Platinum Full access to all of AAII's model portfolios and premium services at a significant discount
  • Dividend Investing Newsletter and model portfolio that focuses on dividend growth
  • AAII Growth Investing Find secular growth stocks poised for outperformance regardless of macroeconomic conditions.
  • Retirement Investing Discover trusted strategies for every stage of retirement. Get actionable insights and resources for smart retirement planning.
  • Sentiment Investing A research-driven newsletter with 10+ signals decoding sentiment across retail and institutional behavior.
  • Stock Superstars Report Get stock ideas inspired by the market's leading professionals
  • VMQ Stocks For the value investor looking to harness academic research in an actively managed portfolio
  • Bits and Bips Newsletter delivering insights on linking traditional finance, macro trends and cryptocurrency opportunities to help investors build stronger, more diversified portfolios.
All premium products come with free basic membership.
Explore All Membership Options
Join Now
« Back to Author Index

James Cloonan

Biography:

James B. Cloonan earned his MBA from the University of Chicago and his B.A. and Ph.D. from Northwestern University. After teaching for several years in 1974, he helped found and served as CEO of Heinold Securities, a brokerage firm specializing in options. After selling his interest in that firm, he returned to teaching and began the preliminary work leading to the founding of the American Association of Individual Investors in 1978 and is currently chairman of AAII.

Cloonan authored many books and articles on investing and wrote the Model Portfolios column for the AAII Journal. He created and managed the Model Shadow Stock Portfolio, which has realized an annualized return of over 15% for the past 23 years.

Cloonan served on several industry and regulatory panels, including the Consumer Advisory Council of the National Futures Association, the Advisory Panel on Securities Markets and Information Technology of the Congressional Office of Technology Assessment, the NASD Special Committee on the Quality of Markets, the New York Stock Exchange Panel on Market Volatility and Investor Confidence, the Chicago Mercantile Exchange Financial Instruments Advisors Committee, the New York Stock Exchange Individual Investors Advisory Committee and The Consumer Affairs Advisory Committee of the Securities and Exchange Commission.

author Image James B. Cloonan founded AAII in 1978. He served as president until 1992 and as chairman until his retirement in 2018. He authored the book "Investing at Level3: Higher Returns With Minimal Risk for the Long-Term Individual Investor."

Recent Articles

  • The Position of the Individual Investor

    AAII JOURNAL ● FEATURE,FROM THE ARCHIVES ● January 2019

  • Model Shadow Stock Portfolio: Implementing the New Four-Year Sell Rule

    AAII JOURNAL ● AAII MODEL PORTFOLIOS,SMALL CAP VALUE INVESTING,SELL RULES ● January 2018

  • Altering the ETF Weightings in the Level3 Passive Portfolio

    AAII JOURNAL ● LEVEL3 PASSIVE PORTFOLIO ● January 2018

  • Birth of an Idea: How AAII Got Started

    AAII JOURNAL ● FEATURE,SMALL CAP VALUE INVESTING ● November 2017

  • Highlights From the AAII Journal Archives: Cloonan Matter of Opinion Columns

    AAII JOURNAL ● MATTER OF OPINION ● November 2017

  • Model Shadow Stock Portfolio: Special Update and Rule Changes

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● November 2017

  • Discontinuing the Model Fund Portfolio, but Keeping the Level3 Passive Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS,LEVEL3 PASSIVE PORTFOLIO ● November 2017

  • The Level3 Withdrawal Strategy to Maximize Your Long-Term Wealth

    AAII JOURNAL ● LEVEL3 PASSIVE PORTFOLIO,FROM THE ARCHIVES,PORTFOLIO STRATEGIES,RETIRED INVESTOR ● November 2017

  • Model Shadow Stock Portfolio: Three New Stocks Added

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2017

  • Model Fund Portfolio: Two ETFs Replaced With Lower-Cost Equivalents

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2017

  • Model Shadow Stock Portfolio: Loosened Buy Rules on New Addition

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2017

  • Model Fund Portfolio: Don’t Fear Real Estate or the Stock Market

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2017

  • Model Shadow Stock Portfolio: Handling Major Financial Statement Revisions

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2017

  • A More Aggressive Approach for the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2017

  • Model Shadow Stock Portfolio: New Additions, Plus Value Leads

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2017

  • Model Fund Portfolios: Answers to Questions About the Level3 Approach

    AAII JOURNAL ● AAII MODEL PORTFOLIOS,LEVEL3 PASSIVE PORTFOLIO ● November 2016

  • New Rules for Model Shadow Stock Portfolio, Including Momentum

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2016

  • Model Fund Portfolio: Introducing the Level3 Passive Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2016

  • Model Shadow Stock Portfolio: The Limitations of a Real Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2016

  • Why a New Allocation Approach Is Needed

    AAII JOURNAL ● PORTFOLIO STRATEGIES ● June 2016

  • Model Fund Portfolio Holding Opens to New Investors

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2016

  • Model Shadow Stock Portfolio: Many Opportunities Among Micro Caps

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2016

  • Model Fund Portfolio: REITs Show Their Long-Term Value

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2016

  • Revised Guidance on Following the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2016

  • Model Fund Portfolio: Missing the Pre-Election Bull

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2015

  • The Model Shadow Stock Portfolio’s Long-Term Performance

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2015

  • Model Fund Portfolio: Diversification Offsets Weak Performers

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2015

  • Major Rule Change Made to the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2015

  • No Reason to Switch Funds in the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2015

  • Model Shadow Stock Portfolio: Sell Rules Dictate a Change

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2015

  • Dramatic Changes Help and Hurt the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2015

  • Two New Stocks Added to the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2015

  • Replacing a Mutual Fund With an ETF in the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2014

  • Maintaining Model Shadow Stock Portfolio Purchase Rules

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2014

  • Maintaining Model Shadow Stock Portfolio Purchase Rules

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● October 2014

  • Model Fund Portfolio: Adjust Risk Based on Personal Factors

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2014

  • Model Fund Portfolio: Adjust Risk Based on Personal Factors

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● August 2014

  • A New Constraint Added to the Model Shadow Stock Portfolio Rules

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2014

  • A New Constraint Added to the Model Shadow Stock Portfolio Rules

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● July 2014

  • REITs and Frontier Markets Drive Model Fund Portfolio Higher

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2014

  • REITs and Frontier Markets Drive Model Fund Portfolio Higher

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● May 2014

  • Model Shadow Stock Portfolio Rules Amended and Clarified

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2014

  • Model Shadow Stock Portfolio Rules Amended and Clarified

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● April 2014

  • Model Fund Portfolio: Replacing a Closed Fund

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2014

  • Model Fund Portfolio: Replacing a Closed Fund

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● March 2014

  • Model Shadow Stock Portfolio: Purchase Guidelines and Rule Changes

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2014

  • Model Shadow Stock Portfolio: Purchase Guidelines and Rule Changes

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● January 2014

  • Building an All-ETF Subset From the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2013

  • Building an All-ETF Subset From the Model Fund Portfolio

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● November 2013

  • The Model Shadow Stock Portfolio and Micro-Cap Stock Spreads

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2013

  • The Model Shadow Stock Portfolio and Micro-Cap Stock Spreads

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● October 2013

  • Frontier Markets Exposure Added to the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2013

  • Frontier Markets Exposure Added to the Model Fund Portfolio

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● August 2013

  • Three Different Ways to Follow the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2013

  • Three Different Ways to Follow the Model Shadow Stock Portfolio

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● July 2013

  • A New Fund and Suggested Allocation for the Model Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2013

  • A New Fund and Suggested Allocation for the Model Fund Portfolio

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● May 2013

  • A Look at the Model Shadow Stock Portfolio’s True Risk

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2013

  • A Look at the Model Shadow Stock Portfolio’s True Risk

    ARCHIVED-MODEL ● AAII MODEL PORTFOLIOS ● April 2013

  • Equal-Weighted ETF Helps Boost Model Fund Portfolio Return

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2013

  • Higher Prices Prompt Rule Change in the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2013

  • Revised Model Fund Portfolio: Benchmark Impacted by Cap Weighting

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2012

  • Adherence to Rules Helps Model Shadow Stock Portfolio's Performance

    AAII JOURNAL ● AAII MODEL PORTFOLIOS,SMALL CAP VALUE INVESTING ● October 2012

  • Revised Model Fund Portfolio: Combining Mutual Funds and ETFs

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2012

  • Despite Uncertainty, Model Shadow Stock Portfolio Still Positive for 2012

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2012

  • Model Mutual Fund and ETF Portfolios: Choosing a Benchmark Isn't Easy

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2012

  • Model Shadow Stock Portfolio Reaches an All-Time High

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2012

  • Model Mutual Fund and ETF Portfolios: Value and Small Stocks Impact Returns

    AAII JOURNAL ● VALUE INVESTING,AAII MODEL PORTFOLIOS ● March 2012

  • Model Shadow Stock Portfolio: Up Modestly During an Atypical Year

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2012

  • Model Mutual Fund and ETF Portfolios: Waiting for Value and Small-Cap to Improve

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2011

  • Record Market Volatility Affects Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2011

  • Model Mutual Fund and ETF Portfolios: Combined Update, Different Strategies

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2011

  • Shadow Stock Gains Limited by Pause in Small-Cap Stocks

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2011

  • Model ETF Portfolio Versus Benchmark: More Diversification, Similar Returns

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2011

  • Shadow Stock Portfolio Rewards Investors Who Stayed in Stocks

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2011

  • Model Mutual Fund Portfolio: Revisiting Fund Selection Rules

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2011

  • Shadow Stock Portfolio Makes the Case for Buy and Hold

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2011

  • New Fund Added to the Model ETF Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2010

  • Shadow Stock Portfolio Performance Reflects Market’s Volatility

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2010

  • Bear Market Bites Model Fund Portfolio and Stock-Based Mutual Funds

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2010

  • Shadow Stock Portfolio Up 14.9% in 2010

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2010

  • Model ETF Portfolio: Real Estate Holdings Boost Performance

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2010

  • Shadow Stock Portfolio: About Even Despite High Volatility

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2010

  • Keeping Fund Portfolio Unchanged Despite Tough Start to 2010

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● March 2010

  • Model Shadow Stock Portfolio Contests 2007 for Best Annual Return

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2010

  • Model ETF Portfolio: Beats Benchmark, But Total Recovery Not Yet Complete

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2009

  • Model Shadow Stock Portfolio Up 66%, as Market Move Mystifies Pundits

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2009

  • After the Storm, Stability Returns to the Model Mutual Fund Portfolio

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2009

  • Rebound: Model Shadow Stock Portfolio Strongly Up, But Still Playing Catch-Up

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2009

  • Real Estate Holding Distinguishes ETF Model Portfolio From Benchmark

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2009

  • Model Stock Portfolio: Beating the Benchmark Is Nice, But a Loss Isn't

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● April 2009

  • Good-Bye and Good Riddance: 2008 Enters Stock Market History

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● February 2009

  • Bear Market Punishes Shadow Stocks But Qualifying Stocks Abound

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2009

  • AAII Model ETF Portfolio Review and How to Take Advantage of ETFs

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2008

  • Results Not Yet Final, But So Far, Election-Year Returns Have Yet to Appear

    AAII JOURNAL ● AAII MODEL PORTFOLIOS,SMALL CAP VALUE INVESTING ● October 2008

  • Model Fund Portfolio Update and a Look at How Various Indexes Are Weighted

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2008

  • Shadow Stock Portfolio Update and the Disappointing Election-Year Market

    AAII JOURNAL ● AAII MODEL PORTFOLIOS,SMALL CAP VALUE INVESTING ● July 2008

  • ETFs Get Active: AAII's Model Portfolio and the Evolving Marketplace

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● May 2008

  • Market Weakness Hits Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2008

  • Sub-Par Performance by Market in Pre-Election Year Drama

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● February 2008

  • 2007 Proves Underwhelming for Small Caps and Value Stocks

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2008

  • Model ETF Portfolio: Stay the Course Despite Headwinds

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● November 2007

  • Third Year of an Election Cycle: Volatility Returns to the Market

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2007

  • Mutual Fund Portfolio Tracks Market, Stumbles and All

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2007

  • Model ETF Portfolio Adds Foreign Funds to the Mix

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2007

  • A Choppy Ride Up for Market and Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2007

  • Model Shadow Stock Portfolio Survives Market Volatility

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● April 2007

  • Model Fund Portfolio Update: A Bullish Ride Into 2007

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● February 2007

  • Shadow Stock Portfolio: A Strong Year-End Finish

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2007

  • Shadow Stock Portfolio Up 8.5% Year-to-Date Despite Market Weakness

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2006

  • First Half Model Fund Portfolio Update and a New Model ETF Portfolio

    AAII JOURNAL ● VALUE INVESTING,MATTER OF OPINION ● August 2006

  • Shadow Stock Portfolio: Still Up for the Year After Market Correction

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● July 2006

  • Model Shadow Stock Portfolio Keeps Chugging Along

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● April 2006

  • Model Fund Portfolio Update: No Complaints for 2005

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● February 2006

  • Model Shadow Stock Portfolio: All-in-All, A Very Good Year

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2006

  • No Summer Doldrums for the Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● October 2005

  • Model Fund Portfolio Update: 2005 Mid-Year Review

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● August 2005

  • Shadow Stock Portfolio Still Leads as Market Runs Out of Gas

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● July 2005

  • Model Shadow Stock Portfolio: A Step Ahead of the Market

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● April 2005

  • Model Fund Portfolio Update: A 2004 Performance Report

    AAII JOURNAL ● MATTER OF OPINION ● February 2005

  • A Performance Spotlight on the Model Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● January 2005

  • Model Shadow Stock Portfolio: A Quarterly Review

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● October 2004

  • Model Fund Portfolio Update: How to Deal With the Issue of Fund Closings

    AAII JOURNAL ● MATTER OF OPINION ● August 2004

  • Adjusting to Reality When Managing a Small-Cap Value Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● July 2004

  • AAII's Shadow Stock Portfolio: An Update

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,MATTER OF OPINION ● April 2004

  • Why Well-Designed Portfolios Don't Depend on Cap Size and Style Categories

    AAII JOURNAL ● AAII MODEL PORTFOLIOS ● February 2004

  • What's UP? AAII's Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● January 2004

  • Focus on the Individual Investor's Shadow Stock Portfolio

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,AAII MODEL PORTFOLIOS ● November 2003

  • New From AAII: Specific Guidance on Stock and Fund Selection

    AAII JOURNAL ● A MATTER OF OPINION ● September 2003

  • The AAII Beginner's Portfolio: An Annual Performance Review

    AAII JOURNAL ● A MATTER OF OPINION ● April 2003

  • Asset Allocation and Risk: How to Build Your Own Portfolio

    AAII JOURNAL ● A MATTER OF OPINION ● November 2002

  • Asset Allocation Approaches: Building From the Bottom Up

    AAII JOURNAL ● A MATTER OF OPINION ● October 2002

  • Popular Allocation Approaches Put the Cart Before the Horse

    AAII JOURNAL ● A MATTER OF OPINION ● September 2002

  • Introducing Our New Service: AAII's Stock Superstars Report

    AAII JOURNAL ● A MATTER OF OPINION ● August 2002

  • Measures of Portfolio Risk and How You Can Apply Them

    AAII JOURNAL ● A MATTER OF OPINION ● July 2002

  • Evaluating the Research on Historical Performance

    AAII JOURNAL ● A MATTER OF OPINION ● May 2002

  • Bear Market Lessons: The Advantage of Micro-Caps

    AAII JOURNAL ● A MATTER OF OPINION ● April 2002

  • When Markets Turn Bad the Basics Remain Fundamental

    AAII JOURNAL ● MATTER OF OPINION ● November 2001

  • A Concession on 'Small Caps' as Micro Caps Stage a Comeback

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,FEATURE ● February 2000

  • Small-Cap Stocks Dominate, But Diversification is Still the Rule

    AAII JOURNAL ● MATTER OF OPINION ● October 1998

  • Suggested Rules for Stock Investors at the Intermediate Level

    AAII JOURNAL ● GROWTH INVESTING,A MATTER OF OPINION ● February 1998

  • Dealing With Success: Adjusting Rules to Deal With a Larger Portfolio

    AAII JOURNAL ● VALUE INVESTING,FEATURE ● October 1997

  • Neglected Stocks and Small Caps Still Make Sense for Individuals

    AAII JOURNAL ● SMALL CAP VALUE INVESTING,FEATURE ● April 1997

  • 1995 Will Be a Hard Act to Follow in the Election Year Cycle

    AAII JOURNAL ● MATTER OF OPINION ● April 1996

  • Stock Returns and Regulatory Relief: All in All, Not a Bad Year

    AAII JOURNAL ● MATTER OF OPINION ● January 1996

  • Welcome to SSR Knowing When to Sell

    STOCK SUPERSTARS REPORT ● GETTING STARTED ●

  • Knowing When to Sell

    STOCK SUPERSTARS REPORT ● GETTING STARTED ●

  • Revisiting our Sell Philosophy Involving Losers

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • SSR Performance Compared to the DJ Wilshire 5000

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Unbalanced SSR Groups and Portfolio Volatility

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Comments on 2005 Performance and Our Philosophy on When to Sell Losers

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Further Thoughts on SSR for a Tax-Deferred Account

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Does Your SSR Portfolio Belong in a Tax-Deferred Account?

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • The Election Cycle and Market Performance

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Class-Action Lawsuits: What‚s a Shareholder to Do

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Staying the Course in a Choppy Market

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • The Debate on How to Handle Losing Stocks

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • The Basis of SSR Sell Decisions

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Portfolio Diversification With the SSR

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Market Impact of SSR Recommendations

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • Making Risk Work for You

    STOCK SUPERSTARS REPORT ● ARTICLES ●

  • SSR Purchase Recommendations

    STOCK SUPERSTARS REPORT ● ARTICLES ●