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Subject: The Investment FAQ (part 7 of 20)

This article was archived around: 21 May 2006 04:23:39 GMT

All FAQs in Directory: investment-faq/general
All FAQs posted in: misc.invest.misc, misc.invest.stocks, misc.invest.technical, misc.invest.options
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Archive-name: investment-faq/general/part7 Version: $Id: part07,v 1.61 2003/03/17 02:44:30 lott Exp lott $ Compiler: Christopher Lott
The Investment FAQ is a collection of frequently asked questions and answers about investments and personal finance. This is a plain-text version of The Investment FAQ, part 7 of 20. The web site always has the latest version, including in-line links. Please browse http://invest-faq.com/ Terms of Use The following terms and conditions apply to the plain-text version of The Investment FAQ that is posted regularly to various newsgroups. Different terms and conditions apply to documents on The Investment FAQ web site. The Investment FAQ is copyright 2003 by Christopher Lott, and is protected by copyright as a collective work and/or compilation, pursuant to U.S. copyright laws, international conventions, and other copyright laws. The contents of The Investment FAQ are intended for personal use, not for sale or other commercial redistribution. The plain-text version of The Investment FAQ may be copied, stored, made available on web sites, or distributed on electronic media provided the following conditions are met: + The URL of The Investment FAQ home page is displayed prominently. + No fees or compensation are charged for this information, excluding charges for the media used to distribute it. + No advertisements appear on the same web page as this material. + Proper attribution is given to the authors of individual articles. + This copyright notice is included intact. Disclaimers Neither the compiler of nor contributors to The Investment FAQ make any express or implied warranties (including, without limitation, any warranty of merchantability or fitness for a particular purpose or use) regarding the information supplied. The Investment FAQ is provided to the user "as is". Neither the compiler nor contributors warrant that The Investment FAQ will be error free. Neither the compiler nor contributors will be liable to any user or anyone else for any inaccuracy, error or omission, regardless of cause, in The Investment FAQ or for any damages (whether direct or indirect, consequential, punitive or exemplary) resulting therefrom. Rules, regulations, laws, conditions, rates, and such information discussed in this FAQ all change quite rapidly. Information given here was current at the time of writing but is almost guaranteed to be out of date by the time you read it. Mention of a product does not constitute an endorsement. Answers to questions sometimes rely on information given in other answers. Readers outside the USA can reach US-800 telephone numbers, for a charge, using a service such as MCI's Call USA. All prices are listed in US dollars unless otherwise specified. Please send comments and new submissions to the compiler. --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Books Last-Revised: 16 Jul 2001 Contributed-By: Chris Lott ( contact me ) This article offers a large list of books about investing and personal finance, divided into four sections: books for beginners, books for experienced investors, books for professional traders and speculators, and finally books that I call war stories - insider's tales about the world of finance. The lists are sorted by the author's last name within each section. Amazon recommends: [IMAGE] You can buy books right from here! Right now! Send a gift to someone who has one of these books on their wish list! But enough hype. I've enrolled as an Amazon.com associate, so if you buy any of the books that are listed here from Amazon.com by using the links on this page, I get a small referral fee. I've tried to find paperback (i.e., cheap) editions of all the books for these links, but please let me know if I missed one. The best thing about the Amazon site is that each book listing includes capsule summaries and reviews contributed by readers, so you might want to click on the links to check out each book. Featured Author for Beginners: Eric Tyson Here are three books by Eric Tyson that are part of the "..for Dummies" series. Readers praise his writing for its practical advice, objectivity, and gentle humor. These books offer a great way to start learning about personal finance and investing. Amazon sells these titles for about $20 each including the shipping charges. * Eric Tyson Investing for Dummies (out of print, but available used) * Eric Tyson and James C. Collins Mutual Funds for Dummies * Eric Tyson Personal Finance for Dummies Books for beginning investors These books concentrate on personal finance, budgeting, and also offer some introductory material on basic investment strategies. * Barbara Apostolou, Nicholas G. Apostolou Keys to Investing in Common Stocks (Barron's Business Keys) * Ginger Applegarth Wake Up and Smell the Money * Janet Bamford, Jeff Blyskal, Emily Card, and Aileen Jacobson The Consumer Reports Money Book: How to Get It, Save It, and Spend It Wisely (3rd edn) * Wayne G. Bogosian and Dee Lee The Complete Idiot's Guide to 401(k) Plans * Samuel Case The First Book of Investing: The Absolute Beginner's Guide to Building Wealth Safely * David Chilton The Wealthy Barber * George S. Clason The Richest Man in Babylon * Jonathan Clements 25 Myths You'Ve Got to Avoid If You Want to Manage Your Money Right: The New Rules for Financial Success * John Downes and Jordan Elliot Goodman Dictionary of Finance and Investment Terms * Ric Edelman The Truth About Money: Because Money Doesn't Come With Instructions (2nd edition) * Louis Engel How to Buy Stocks * David Gardner and Tom Gardner You Have More Than You Think: The Motley Fool Guide to Investing What You Have * Alvin Hall Getting Started in Stocks (3rd edn.) * Ken Kurson The Green Magazine Guide to Personal Finance: A No B.S. Book for Your Twenties and Thirties * Barbara Loos I Haven't Saved a Dime, Now What?! * James Lowell Investing from Scratch: A Handbook for the Young Investor * Peter Lynch and John Rothchild Learn to Earn: A Beginner's Guide to the Basics of Investing and Business * Dale C. Maley Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros * Kenneth M. Morris and Alan M. Siegel The Wall Street Journal Guide to Understanding Money and Investing * Kenneth M. Morris and Alan M. Siegel The Wall Street Journal Guide to Understanding Personal Finance * Kenneth M. Morris, Alan M. Siegel, and Virginia B. Morris The Wall Street Journal Guide to Planning Your Financial Future * W. Patrick Naylor 10 Steps to Financial Success: A Beginner's Guide to Saving and Investing * Suze Orman The 9 Steps to Financial Freedom * Kenan Pollack and Eric Heighberger The Real Life Investing Guide * Jonathan D. Pond 4 Easy Steps to Successful Investing * Jane Bryant Quinn Making the Most of Your Money * Claude Rosenberg Stock Market Primer * John Rothchild A Fool and His Money: The Odyssey of an Average Investor * Alfred V. Scillitani Basic Investing Guide For The New Investor (2nd edn.) * Kathleen Sindell Investing Online for Dummies (3rd edn.) * Andrew Tobias The Only Investment Guide You'll Ever Need * Eric Tyson Investing for Dummies * Eric Tyson and James C. Collins Mutual Funds for Dummies * Eric Tyson Personal Finance for Dummies * Diane Vujovich 10 Minute Guide to the Stock Market Books for intermediate investors These books assume you're comfortable with the basics of stocks, mutual funds, bonds, and other securities. They offer many investment strategies: what to buy, what to sell, and when to do so. * Ted Allrich and William O'Neil The On-Line Investor: How to Find the Best Stocks Using Your Computer * Frank Armstrong Investment Strategies for the 21st Century This book is available from the author's web site at no charge, although registration is required. * Peter Bernstein Against the Gods: The Remarkable Story of Risk * Peter Bernstein Capital Ideas: The Improbable Origins of Modern Wall Street * John C. Bogle Bogle on Mutual Funds * John C. Bogle Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor * James W. Broadfoot Investing in Emerging Growth Stocks * Mary Buffett and David Clark Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the World's Most Famous Investor * Frank Cappiello New Guide to Finding the Next Superstock * Charles B. Carlson Buying Stocks Without a Broker * Samuel Case Big Profits from Small Stocks: How to Grow Your Investment Portfolio by Investing in Small Cap Companies * Burton Crane The Sophisticated Investor * John M. Dalton How the Stock Market Works * Nicolas Darvas How I Made 2,000,000 in the Stock Market * William Donoghue Mutual Fund Superstars * David N. Dreman Contrarian Investment Strategies: The Next Generation * Stephen Eckett Investing Online: Dealing in Global Markets on the Internet * Kenneth Fisher Super Stocks * Norman G. Fosback Stock Market Logic * David Gardner and Tom Gardner The Motley Fool Investment Workbook * David Gardner and Tom Gardner The Motley Fool Investment Guide: How the Fool Beats Wall Street's Wise Men and How You Can Too * Gary Gastineau The Stock Options Manual * Michael Gianturco How to Buy Technology Stocks * Braden Glett Stock Market Stratagem: Loss Control and Portfolio Management * Benjamin Graham and Warren E. Buffett The Intelligent Investor: A Book of Practical Counsel * Christopher Graja and Elizabeth Ungar Investing in Small-Cap Stocks * William Greider Secrets of the Temple: How the Federal Reserve Runs the Country * C. Colburn Hardy The Fact$ of Life * Peter I. Hupalo Becoming an Investor: Building Wealth by Investing in Stocks, Bonds, and Mutual Funds * Investor's Business Daily Investor's Business Daily Guide to the Markets * David Kansas and James Cramer The Street.Com Guide to Smart Investing in the Internet Era * Harvey C. Knowles and Damon H. Petty The Dividend Investor * Robert Lichello How to Make $1,000,000 in the Stock Market - Automatically * Jeffrey B. Little and Lucien Rhodes Understanding Wall Street * Gerald M. Loeb The Battle for Investment Survival * Peter Lynch and John Rothchild Beating the Street * Peter Lynch and John Rothchild One up on Wall Street also available: audio cassette edn. * Burton Malkiel A Random Walk Down Wall Street This is a classic, and offers a highly readable argument for index funds (also known as modern portfolio theory). * Geoffrey A. Moore, Paul Johnson, and Tom Kippola The Gorilla Game: An Investor's Guide to Picking Winners in High Technology * William J. O'Neil How to Make Money in Stocks: A Winning System in Good Times or Bad * James O'Shaughnessy How to Retire Rich: Time-Tested Strategies to Beat the Market and Retire in Style * James P. O'Shaughnessy Invest Like the Best: Using Your Computer to Unlock the Secrets of the Top Money Managers * James P. O'Shaughnessy What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time * Carl H. Reinhardt, Alan B. Werba, and John J. Bowen The Prudent Investor's Guide to Beating the Market * Hildy Richelson and Stan Richelson Straight Talk about Bonds and Bond Funds * L. Louis Rukeyser How to Make Money in the Stock Market * Terry Savage New Money Strategies for the 1990's * Charles Schwab How to be Your Own Stockbroker * Steven R. Selengut The Brainwashing of the American Investor * Dhun H. Sethna and William O'Neil Investing Smart: How to Pick Winning Stocks With Investor's Business Daily * Robert Sheard The Unemotional Investor: Simple Systems for Beating the Market * Jeremy J. Siegel Stocks for the Long Run * Michael Sincere and Deron Wagner The Long-Term Day Trader * John A. Tracy How to Read a Financial Report * John Train New Money Masters * Venita Vancaspel Money Dynamics for the 1990s * John G. Wells Kiss Your Stockbroker Goodbye: A Guide to Independent Investing * Martin E. Zweig and Morrie Goldfischer Martin Zweig's Winning on Wall Street (revised and updated) Books for expert investors, especially concerning technical analysis These books are aimed at people who have a solid understanding of finance and/or trade for a living. There are quite a few on technical analysis for the "chartists" out there. * Steven B. Achelis Technical Analysis from A to Z * Nicholas G. Apostolou Keys to Investing in Options and Futures * Robert C. Beckman Elliott Wave Explained: A Real-World Guide to Predicting and Profiting from Market Turns * Jake Bernstein The Compleat Day Trader: Trading Systems, Strategies, Timing Indicators, and Analytical Methods * Peter Bernstein (ed.) The Portable MBA in Investment * Tushar S. Chande and Stanley Kroll The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators * Robert W. Colby and Thomas A. Meyers Encyclopedia of Technical Market Indicators * John C. Cox and Mark Rubenstein Options Markets * Thomas R. Demark New Market Timing Techniques: Innovative Studies in Market Rhythm and Price Exhaustion * Mark Douglas The Disciplined Trader * Robert D. Edwards and John Magee Technical Analysis of Stock Trends * Alexander Elder Trading for a Living: Psychology, Trading Tactics, Money Management * Marc Friedfertig and George West The Electronic Day Trader * A. J. Frost, Robert J. Prechter, and Robert R. Prechter Elliott Wave Principle: Key to Market Behavior * Benjamin Graham and David L. Dodd Security Analysis * John C. Hull Options, Futures, and Other Derivatives * Jonathan E. Ingersoll Theory of Financial Decision Making * R. A. Jarrow Modelling Fixed Income Securities and Interest Rate Options * William L. Jiler How Charts Can Help You in the Stock Market * Jeffrey Katz and Donna L. McCormick The Encyclopedia of Trading Strategies * Charles Lebeau and David W. Lucas Technical Traders Guide to Computer Analysis of the Futures Market * John F. Magee Analyzing Bar Charts for Profit * Lawrence G. McMillan Options as a Strategic Investment * Robert Merton Continuous Time Finance * John J. Murphy Technical Analysis of the Futures Markets * John J. Murphy Study Guide for Technical Analysis of the Futures Markets: A Self-Training Manual * Sheldon Natenberg Option Volatility and Pricing: Advanced Trading Strategies and Techniques * Robert Pardo Design, Testing, and Optimization of Trading Systems * Robert R. Prechter and R. N. Elliott R. N. Elliott's Masterworks: The Definitive Collection * Martin J. Pring Martin Pring's Introduction to Technical Analysis * Martin J. Pring Technical Analysis Explained * Peter Ritchken Options: Theory, Strategy, and Applications * Robert P. Rotella The Elements of Successful Trading * William F. Sharpe, Gordon J. Alexander, and Jeffery V. Bailey Investments * Clifford Sherry The Mathematics of Technical Analysis * Victor Sperandeo Trader Vic II : Principles of Professional Speculation * Robert A. Taggart Quantitative Analysis for Investment Management * Nassim Taleb Dynamic Hedging: Managing Vanilla and Exotic Options * Michael P. Turner Day Trading into the Millennium * Stan Weinstein Stan Weinstein's Secrets for Profiting in Bull and Bear Markets Analysis, commentary, and war stories about investments These books offer analysis, commentary, and war stories from finance insiders about the trading and investment world. They probably won't help you pick stocks, but they're fun to read if you're interested in finance and markets. * Po Bronson Bombardiers * Connie Bruck The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders * Bryan Burrough and John Helyar Barbarians at the Gate: The Fall of RJR Nabisco * Daniel Fischel Payback: The Conspiracy to Destroy Michael Milken and His Financial Revolution * Edwin Lefevre Reminiscences of a Stock Operator * Michael Lewis Liar's Poker: Rising Through the Wreckage on Wall Street * Charles MacKay, Josef De La Vega, and Martin S. Fridson Extraordinary Popular Delusions and the Madness of Crowds and Confusion De Confusiones * Victor Niederhoffer The Education of a Speculator * Jim Rogers Investment Biker: Around the World with Jim Rogers * Robert J. Shiller Irrational Exuberance * James B. Stewart Den of Thieves If you can't find what you're looking for on Amazon.Com, you might check out The Trader's Library of Columbia, MD. They maintain a web site that has over 600 investment titles. http://www.traderslibrary.com Those who are just learning about the stock market may wish to have a look at the article in the FAQ with advice for beginners . --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Conference Calls Last-Revised: 29 May 1999 Contributed-By: John Schott (jschott at voicenet.com) Companies listed on the various stock exchanges have long held analyst conferences to spread their message to the investment community. Often, sponsors such as Hambrecht and Quist have held conferences where investment professionals could hear many firms in several days. To accomodate those who couldnít travel, the conference call allowed hundreds of analysts to hear a presentation and ask questions in real time. But access was usually restricted to investment professionals and often involved long-distance toll charges. Occasionally a friendly broker would loan you his access codes, some of which found their way to the Internet. As a result, conferences could be swamped. The Internet now provides a much more practical venue for the conference call. With its low cost and ability to accomodate many listeners it is now practical to open a conference call to almost anyone (at least to listen). Many firms now do. For example, a recent article in the Wall Street Journal related how IOMEGA does this as an efficient way to control the irresponsible babble on Internet bulletin boards. People posting idle chatter now attract accurate responces from others who have heard the actual story on a conference call. As a result, the irresponsible postings are controlled. Naturally, investment professionals complain that this allows the novice to access raw information that needs interpretation by someone more knowledgable - namely such a professional. However, companies like the ability to make one public statement, and then be free from goverment limitations on how investment information must be released. And individual investors like it too, as access to this information gets them access to information that once only slowly reached the average investor. Even Chairman Levitt of the SEC sides with the theory of greater access for the masses. According to an article in the 24 May 1999 issue of the Wall Street Journal, the NASDAQ has even funded a pilot program to pay for public access to conference calls. Firms such as DELL and Cosco are early participants . Using the Internet has many advantages besides the instantaneous international release that results. It is possible to save the audio files so that the call can be accessed later at a more convenient time. Plus it would be possible to edit out meaningless portions to provide sort of a "Cliff Notes" of each conference. Naturally, there are some limitations. If everyone could ask a question, real brawls could result as the conferences became uncontrolled. So most Internet systems limit who can ask a question. An outstanding advantage for the average investor is to witness directly a firm's management in action. While the information might be the same, an investor gains confidence in management that presents a virtuoso performane over one that is defensive, hesitant, and obfuscative. The details aside, the speed of responce and other items that donít get incorporated in an analyst's report can add a lot to one's understanding. Previously, a small investor's only such access might have been at a company's annual meeting. Several firms have opened to provide investment-related conference-call services in one form or another over the Internet. Some require membership and user fees, but the trend seems to be toward company funding of the low cost service, and free or very low cost access by the public. According to the WSJ article mentioned above, firms now providing some for of access include: Vcall (Philadelphia), broadcast.com (Dallas), c-call.com (Street Fusion, (San Fransisco), and CCBN.com (Boston). Expect that more and more firms will offer the public Internet conference call. Encourage firms you are interested in to do so. This form of communication is yet another form of ultimate corporate democracy. --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Free to All Who Ask Last-Revised: 28 Apr 1997 Contributed-By: Brook F. Duerr, Seshadri Narasimhan Here are some tips about obtaining cheap or free info. Local Companies Look in your local newspapers for information and stories about the companies in your immediate area. I have found that our local papers carry some great articles about our local companies long before the WSJ or other papers pick up on them. The local papers tend to report very minute details that the "big" papers never report. The local paper that I get covers insider buys/sells, IPOs etc., management changes, detailed earnings reports, analyst opinions, you name it. Stocks on Call A free, fax-back service with lots of stories about companies. The information is biased because it is paid for by the listing companies, but it is free, so you get what you pay for. The list has been growing very rapidly, and they company drops the information after it has been listed for 24-72 hours, so it pays to call often. Some articles are only posted for one day. It takes me about 5 minutes to get the 10 or so articles I want. They used to publish a list in the papers, but the list is too long to do that now. Once you have the list then you can call and get 3 stories per call sent directly to your fax. It is all handled by computer (usually). You can call back and get 3 stories per call for free. I have gotten some great tips here - nice, fast-growing, small companies (and some F-500s too). Although Stocks on Calls is automatically provided with your number (a feature of 800 service), they state that they will not give your number away to third parties. Contact them at 800-578-7888. Pro-Info A second free, fax-back service, different from Stocks on Call (see above). This service places information into a computer so you can access it at any time and it is always available. Pro-Info has such things as Investor Packages, Latest Earnings Reports, news releases and analysts reports. They cover about 100 companies and the list is growing. The quality of the faxes is not great because Pro-Info apparently scans the pages into the computer. Contact them at 800-PRO-INFO (800-776-4636). Stock Charts I get at least one copy of Investor's Business Daily per week. The Friday edition is particularly great. IBD is available in most areas at newsstands, bookstores, etc. IBD is a good newspaper for its charts. Archive Information For historical information, I save one copy of Barron's or WSJ or IBD each month. If I see a company that I am suddenly interested in then I can just open up those old editions and get some pretty good historical data. IBD is great for this. An Important Edition of The Wall Street Journal I think it is imperative to get a copy of the WSJ that covers the year in review. This edition comes out usually on the first business day of the new year. It contains a lot of information about how each stock has performed during that last year, including the % movement of the stock during the past year. I get two copies of this paper because I get so much out of them (one for work, one for home). SEC on Internet This is the place where you can obtain Securities and Exchange files (10-Ks, 10-Qs, you name it) on companies that file electronically with the SEC. See the entry for information on the Internet, elsewhere in this FAQ. Archive list for ticker symbols Available by accessing this URL: ftp://metalab.unc.edu/pub/archives/misc.invest/information/symbols (See the entry for information on the Internet, elsewhere in this FAQ.) Writing Letters If you are interested in a company then by all means get their address and write them a letter. If you have a non-discount broker then they can get you the company's address. Otherwise go to virtually any library and they will be able to help you find the addresses you are interested in. When you write to a company, tell them you are interested in investing in them and you want to learn more about them. Ask for 10Ks, annual reports, 10Qs, quarterly summaries, analyst reports and anything else they can send you. Some companies will bury you with information if you just ask. Ask them to add your name to their mailing list for future information. Many companies maintain active mailing lists and so the information will keep flowing to you. All this for only a stamp. Public Registers Annual Report Service This is a outfit that acts as a clearing house for mailing out annual reports on companies. They have a huge list (several thousand) companies that they work for, and they are a free service. They also send out a newspaper called the "Security Traders Handbook" and "The Public Register". These newspapers contains wealth of information on earnings, IPOs, insider trades etc. The price on the cover says $5.00, but I have received several issues and have never received a bill (I wouldn't pay anyway). You have to write to them to get on their mailing list. The address is: Bay Tact Corporation; 440 Route 198; Woodstock Valley, CT 06282. Write them a letter and ask them what services they provide. They send out annual reports, but they do not carry analysts reports and other news release type items. Try calling them at 800 4ANNUAL. Reader Service Cards in Investor's Daily or other Places Another reason I like to get the Friday edition of IBD is because they usually have a bunch of companies hyping themselves and offering information if you send in a reader service card. This is another great almost freebie. For a stamp you can usually find at least 3-5 companies that are worth finding out about. The Wall Street Journal's Annual Reports Service According to their blurb, you can obtain the annual reports and, if available, quarterly reports, at no charge for any companies for which the 'club' symbol appears in the stock listings. (The 'club' symbol is the same as the one on a playing card. Look at Section C "Money and Investing" of any WSJ and you will see what I mean.) These reports can be ordered by calling 800-654-CLUB. You can also fax your request, giving the ticker symbols of the companies whose reports you want, to 800-965-5679. It usually takes at least a week to get the information to you. Mutual fund companies The companies' toll-free lines may be your best friend, if the solution might involve investing money with them. Call them, state your problem simply, and request follow-up information in writing. I would be completely honest with them, just tell them if they give the best service, you'll invest your money with them. Of course, if your problem can't be solved, even tangentially, with mutual funds, you should probably not waste your (and their) time. --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Investment Associations Last-Revised: 10 Oct 1997 Contributed-By: Rajeev Arora, D. Laird, Art Kamlet (artkamlet at aol.com), Jay Hartley (jay at concannon.llnl.gov), Doug Gerlach (gerlach at investorama.com) This article introduces several investment associations. * AAII: American Association of Individual Investors 625 North Michigan Avenue Chicago, IL 60611-3110 +1 312-280-0170 Email: members@aaii.com Web: http://www.aaii.org/ A summary from their brochure: AAII believes that individuals would do better if they invest in "shadow" stocks which are not followed by institutional investor and avoid affects of program trading. They admit that most of their members are experienced investors with substantial amounts to invest, but they do have programs for newer investors also. Basically, they don't manage the member's money, they just provide information. Membership costs $49 per year for an individual; with Computerized Investing newsletter, $79. A lifetime membership (including Computerized Investing) costs $490. They offer the AAII Journal 10 times a year, Individual Investor's guide to No-Load Mutual Funds annually, local chapter membership (about 50 chapters), a year-end tax strategy guide, investment seminars and study programs at extra cost (reduced for members), and a computer user' newsletter for an extra $30. They also operate a free BBS. * NAIC: National Association of Investors Corp. P. O. Box 220 Royal Oak, MI 48068 Tel +1 810 583-NAIC, Fax +1 810 583-4880 Email: service@better-investing.org Web: http://www.better-investing.org The NAIC is a nonprofit organization operated by and for the benefit of member clubs. The Association has been in existence since the 1950's and states that it has over 633,000 members. Membership costs $39 per year for an individual, or $35 for a club and $14 per each club member. The membership provides the member with a monthly magazine, details of your membership and information on how to start a investment club, how to analyze stocks, and how to keep records. NAIC also offers software for fundamental analysis, discounts on investing books, research information on member companies, and other educational manuals and videotapes. A network of over 75 Regional Councils across the US provide local assistance. In addition to the information provided, NAIC operates "Low-Cost Investment Plan", which allows members to invest in participating companies such as AT&T, Kellogg, Wendy's, Mobil and Quaker Oats. Most don't incur a commission although some have a nominal fee ($3-$5). Of the 500 clubs surveyed in 1989, the average club had a compound annual growth rate of 10.8% compared with 10.6% for the S&P 500 stock index. Its average portfolio was worth $66,755. * Investors Alliance: The Investors Alliance, Inc. 219 Commerical Blvd. Fort Lauderdale, FL 33308-4440 Tel 888-683-1181 Email: paul.perkins@invest.com Web: http://PowerInvestor.com Investors Alliance was formed to enhance the investing skills of independent investors through research, education, and training. They claim membership of over 65,000 investors in 22 countries. Basic Membership is offered at $49 per year and includes twelve monthly issues of the Investors Alliance Investor Journal, an educational newsletter packed with valuable insights to maximize your investment success. Computer Membership is offered at $89 per year and includes a copy of Power Investor for Windows on CD-ROM and free daily modem updates of the entire 16,000 security database. New members at either level receive a free voucher for two zero-commission stock trades from a leading discount broker. The Investment FAQ is an associate of Investors Alliance. If you use the link shown below to enroll in this club, a small referral fee is paid to The Investment FAQ. http://PowerInvestor.com/referral.asp?id=lott@invest-faq.com --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Value Line Last-Revised: 10 Aug 1997 Contributed-By: John Schott (schott at voicenet.com), Chris Lott ( contact me ) The Value Line Investment Survey is the grand-daddy of published information about stocks of large companies (primarily U.S. companies plus a few leading ADRs). It is a weekly, three-part publication, but it takes 3 months to cycle through the full list of stocks covered. The main document reviews one firm per page (over 100 per week), with a description of the business, a chart showing the historical stock performance, tables showing key financial data, plus a written commentary about the prospects of the firm. They cover over 1700 stocks in their normal edition, and over 5,000 in extended coverage offered at higher prices. The weekly document also includes short notes on important developments in covered stocks. A separate booklet updates summary ratings and fundamental information on all of the 1700 stocks each week. A third document highlights a stock of the week and gives Value Line's views of the market. They also have a new CD-ROM based service that duplicates the data in the hard copy edition and offers the ability to search and compare stocks automatically. Several recent reviews have critiqued the way the program works - but not the quality nor quantity of the renowned Value Line data base. Value Line proudly advertises their rating system. They divide stocks into 5 classes (1 is best). Over the years, their #1 rated stocks have significantly outperformed the markets (and each other group, its subordinates, as well). Value Line has been highly regarded for the both the quality and quantity of its data for decades. Almost the Lingua Franca of investors, you'll find a well-thumbed copy in most broker's offices, as well as many public and university libraries. Value Line offers a special, 10-week trial subscription for US$75 (frequently discounted to $55) which will get you the full set of pages plus a few updates. A six-month subscription currently costs $300, and one year is $570. The CD-ROM trial subscription is $55 ($95 for the 5000+ stock version). One-year CD-ROM subscriptions cost up to $995. Visit their web site at http://valueline.com , or contact them the old-fashioned way: Value Line Publishing Inc. 220 East 42nd Street New York, New York 1001-5891 800 535 9648 ext 2761 +1 212 907-1500 --------------------Check http://invest-faq.com/ for updates------------------ Subject: Information Sources - Wall $treet Week Last-Revised: 18 Feb 2003 Contributed-By: Chris Lott ( contact me ) Wall $treet Week With Louis Rukeyser was once a television program that aired on the public broadcasting networks on Friday evenings After a flap in June 2002, Louis Rukeyser left the program, which is now produced jointly with Fortune magazine. The program tries to help the individual investor understand the doings of the stock market and invest wisely. The usual program features a special guest and three regular guests. The "regular guests" are investment analysts who appear regularly on W$W. While Rukeyser was the host, he reported on the opinions of his "Investment Elves," a group of 10 technical analysts who attempted to forecast the market's path over the coming weeks. If you've ever heard of the "Elve's Index," this is the source. Of course many of the elves are also regular guests on the program. A new program called Louis Rukeyser's Wall Street is carried by CNBC every Friday night at 8:30 P.M. and 11:30 P.M. Eastern time, and is repeated over the weekend on many public television stations. Here are some web resources: * The W$W home page, part of the Maryland Public Television web site: http://www.mpt.org/wsw/ * Rukeyser's web site includes information about his TV show. http://www.rukeyser.com/ --------------------Check http://invest-faq.com/ for updates------------------ Compilation Copyright (c) 2003 by Christopher Lott.