The American Association of Individual Investors - AAII - provides investment education in investing basics, financial planning, and structuring investment portfolios of mutual funds and/or individual stocks. A not-for-profit organization, AAII arms individual investors with the understanding and tools needed to manage their finances more effectively and profitably.
Nicholas G. Atkeson, Partner, Delta Investment Management
Traditionally, analysts evaluate stocks on the basis of prices and earnings, often citing relatively "high" or "low" P/Es. Delta Investment Management’s research, however, indicates that neither earnings nor their relation to price constitute determining factors.
When forecasting a stock's potential, Delta places greater emphasis on "equity-risk premium," the return that exceeds a risk-free investment. P/E gives little insight here, but simple tools available on numerous free websites enable anyone to monitor risk premiums easily.
Nick Atkeson will present a strategy that achieves good returns and minimizes downward volatility by reducing exposure to underperforming assets. While the key criterion is risk-premium behavior, he will also discuss related measures of market sentiment and relative strength that, taken together in the context of market super cycles, enable avoiding Bear markets and profiting with Bulls.
Attend this meeting and learn:
About Nicholas Atkeson
Nicholas Atkeson is a founding partner of Delta Investment Management, LLC, a registered investment-advisory firm based in San Francisco. Previously, he was a partner and portfolio manager at Delta Force Capital, LLC, a San Francisco-based hedge fund and a Managing Director for Banc of America Securities and Susquehanna International Group, LLC. He co-authored “Win by Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk” (McGraw Hill). Mr. Atkeson holds a BA (economics) from Haverford College and an MBA from Stanford University
Reasons to attend:
REGISTRATION/SOCIAL: 7:00 to 7:30 PM
Mail check, payable to AAII, in advance to:
2000 Ginoria Court
Export, PA 15632
Comfort Inn Conference Center
699 Rodi Road, Churchill 15235
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Access archived SIG presentations
The Chapter Picnic was held on Saturday, August 16, 2014 at Settlers Cabin Park.
There are no investing seminars scheduled at this time.
Like all chapters of the national AAII organization, ours is run by members who volunteer their energy, ideas and time. In return, they gain a unique opportunity to rub shoulders with eperienced investors/leaders and to contribute in educating both other members and themselves. You need no special qualifi cations to make a diff erence here, just a willingness to learn and to collaborate. In particular, we’re currently seeking someone to assist in preparing our meeting announcements. Several members contribute to the process, and the Announcements Coordinator role is straightforward: Transfer information into AAII’s web-based form. Please contact one of our leaders if you’d like to play on our team.
—Roy Taylor, Pittsburgh Chapter Vice President