THE AAII JOURNAL APRIL 2026 ISSUE
COVER ARTICLE
Managing the Tax Impact of Capital Gains Stacking
Understanding all the income sources and deductions that drive your tax bill can help you identify opportunities to lessen their tax impact.
Features
in Portfolio Strategies,Asset Allocation,Retired Investor
Equal Weighting Across Market-Cap Sizes Beats a Total Market Fund
Over 25 years, the growth of a $10,000 portfolio equally weighted between large, mid-size and small stock funds was more than $3,000 higher than that of a total stock market index fund.
in AAII How-To,Portfolio Strategies,Stock Strategies
Big Improvements to My Portfolio and the AAII Stock Screens
Visit the AAII Investor Hub to experience the new features of the AAII Stock Screens and My Portfolio.
in First Cut Stocks,Stock Strategies
Defensive Stocks With Low Debt for Volatile Markets
Companies in defensive sectors often provide goods and services that will remain in demand even when the economy slows.
in ETFs and Mutual Funds,Mutual Funds,Exchange-Traded Funds,Commodities
Tapping Into Natural Resources With ETFs and Mutual Funds
ETFs and mutual funds in the natural resources sector, especially those that focus on rare metals and elements, require special considerations.
in AAII Sentiment Investing,Trading Strategies
Using New Highs and New Lows to Measure Market Breadth
The new highs/new lows indicator provides a simple yet powerful window into the market’s internal health.
in AAII Stock Ideas,Stock Strategies,Dividends
Screening on Dividend Yield to Unlock Stocks With High Potential
The relative dividend yield serves as a valuation measure that helps indicate whether a company may be trading at a discount compared to its historical range.
in AAII Model Portfolios,Small Cap Value Investing
New Shadow Stock Addition and January Barometer Insights
The model portfolio’s quarterly review results in one deletion and one addition. Plus, a look at how performance differs from large caps for individual years.
Notes & Opinions
in Editor's Note,Tax Strategies
A Tax Lever You Can Control Amid Global Uncertainty
One key tax concept for investors to understand is the marginal cost of one extra dollar of income.
in AAII Community
AAII Members Practice Financial Capability Year-Round
Financial Capability Month may come only once per year, but the conversations inside the AAII Community never stop.
in Local Chapters
AAII Local Chapters Are Growing and Rebuilding Community
AAII local chapters are gaining momentum, but their future depends on your participation.
The AAII Journal, a leading investment publication, provides readers with a continuing stream of insights and ideas that focus on how you can improve your investment results. Unlike many investment magazines, ours is completely unbiased, educational and contains no advertising.
AAII has published this prestigious financial journal every month for more than 40 years. Members receive it for free and have access to thousands of evergreen articles online so they can reference information and strategies for previous market situations with a few clicks of the mouse.
Our stock journal helps individual investors manage their portfolios, build sound investment strategies and navigate all types of financial conditions. Articles range from optimizing target-date fund portfolios to retirement account withdrawal strategies and analysis on robo-advisor performance.
The magazine also has recurring features our members find invaluable. Every quarter, we dissect our model stock portfolio and provide updates to its holdings and performance. This analysis helps individual investors manage small-cap value investments.
We also offer an annual tax guide in our financial magazine. This detailed investment magazine issue covers many details that individual investors need to consider when filing their taxes. It keeps readers updated on any recent changes to tax laws and provisions and provides a handy guide to tax implications of personal investments to cut through any tax filing confusion.
Another annual feature covers ETFs (exchange-traded funds) and mutual funds. This edition helps individual investors understand what to look for when investing in funds. Online, we accompany those articles with sortable tables so that members have an interactive component to their investment research. This helps individual investors plan their portfolios and invest with confidence.
Other regular features in the AAII Journal include financial planning, stock ideas and investor professor. Financial planning articles walk investors through the process and difficulties of crafting strategies for creating wealth regardless of age. They also cover difficult situations, such as estate planning, and helpful advice for getting kids and grandchildren interested in investing.
Stock ideas, as the name implies, give readers a peek at new screens and the stocks that pass them. This part of our investing magazine helps readers identify new opportunities in the markets, flagged by a mix of quantitative and qualitative analysis. Because we all, as investors, need ideas, this remains one of the most popular categories.
Investor professor helps readers invest with knowledge and confidence. It deals with contingencies, such as “What happens to your investment if a company goes bankrupt?” and gives actionable advice on what resources you should use when considering a new broker. Our readers enjoy this section because of its practicality and enduring tips.
Frequent internal contributors include president John Bajkowski; AAII Journal editor and vice president Charles Rotblut; Stock Superstars Report lead analyst Wayne A. Thorp; and Dividend Investing editor Derek Hageman. Together, these internal contributors have nearly a century of market wisdom and research, which they share with clear and concise prose to help individual investors improve their knowledge and portfolios.
The AAII Journal also includes frequent guest contributions from the financial and economic space. Articles from outside industry experts differentiate our financial magazine from others and provide additional points of view for our readers. Previous guest authors have included John C. Bogle, founder of Vanguard; Jay Clayton, chairman of the U.S. Securities and Exchange Commission; Charles Schwab; and Nobel laureate and Yale professor Robert Shiller.
We hope you’ll enjoy our articles and, if you’re not a member, consider joining the Association so you can get our prestigious magazine sent to your door every month.
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