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“Heads I Win, Tails I Win” (Portfolio/Penguin, 2016),
In his book, “Heads I Win, Tails I Win” (Portfolio/Penguin, 2016), Spencer Jakab lists what he describes as the Seven Habits of Highly Ineffective Investors. Those habits are: 1. Get in on That New Hot Deal: Though initial public offerings (IPOs) have averaged an 18.6% gain during the first day of trading, those profits are only available to investors who were able to actually participate in the IPO. Buying shares on a stock’s first day of a trading is very risky. The odds of buying into “the next (fill in the blank)” are even worse. 2. Combine Your Money and Your Morals: Sinful stocks (e.g., tobacco and alcohol) have bested the S&P 500 index both over the long term and between 2000 and 2015. Investors who are morally opposed to such companies can consider donating some of their investment profits to charities such as the American Lung Association. 3. Buy What’s Fashionable: The market constantly votes on which companies are “most likely” and “least likely” to succeed and adjusts valuations accordingly. Shares of the most-admired companies trade at premium valuations and, as a result, tend to lag shares of the least admired companies. 4. Reach for Yield: Plenty of income investments with high yields have risks that aren’t apparent to unsophisticated investors. Focusing on the yield instead of how exactly the dividend or distributions are being paid can lead to very large losses and other risks. 5. Use of Exotic Products to Enhance Your Returns: Funds that use leverage or invest in commodities have realized actual returns that are far different from the underlying assets and indexes they are designed to track (either in the same direction or inversely) resulting in large, long-term losses. Even principal protected notes are highly risky, despite their name. 6. Trade Frequently: Frequent trading is a loser’s game any way you slice it. Studies of traders found those who traded most frequently incurred the worst returns; those who traded the least had the best performance. Furthermore, stocks that were sold by individual investors fared better than the stocks those same investors bought in exchange. 7. Use a System: A system that turns risky strategies into consistent gains simply does not exist. Those who tout “profitable” trading systems often charge a high price for them. Add in the additional cost from frequent trading and the resulting combination is hazardous to your financial hea

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What we're about

The Austin Chapter of the American Association of Individual Investors.

We routinely have 30 to 60 Attendees from our announcements sent by AAII.com in addition to the Meetup folks. We are the serious investment information source for retirement and current growth.

AAII is a 35 year old national organization with 200 thousand members with Chapters in most major cities. We provide unbiased education and no one sells any kind of investments to attendees.

Quality nationally recognized speakers are hosted on the last Monday night of each month (except holidays) at 6:30 PM at the Ben Hur Shrine lecture hall . We take July and August off.

Membership is not required. Basic National is $29 per year. Meetings are $10 per person. See AAII.com for details. AAII has a free nationally recognized award winning web site that features world class information on a wide variety of Investment and financial topics.

Recent speakers have discussed- Using Dividends for Retirement Income, The Changing Bond Market, Options Techniques, Federal Reserve on Texas Economy, Dividend ETFs, Investor Psychology and many more.

Austin/San Antonio AAII has 2500 members with experience levels from novice to expert.

Special Interest Groups help attendees with specific subjects. We host an AAII Materials, Methods and Resources discussion group held prior to each meeting at 5:30 PM.

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