Saturday, October 9, 2010
Saturday, November 13, 2010
The AAII Silicon Valley Chapter presents ...
ALL-DAY INVESTING SEMINAR
With a Panel Discussion and Audience Participation
Dr. Robert C. Smithson; Wayne A. Thorp, CFA
Paul Townsend; Al Zmyslowski
Barbara Johnston, DVM, DipACLAM, CFA
T
his presentation includes four speakers, a panel discussion & one moderator seminar; breakfast and lunch will be served.
Moderator Dr. Robert C. Smithson, manager of Anava Capital Management
LLC, will discuss “Changing Tactics in a Changing Market: A Short Introduction.” Because of the changing nature of the investing climate, old rules may no
longer be appropriate. Smithson will discuss methods of dealing with the uncertainty, and how to maximize the probability of meeting your investment goals.
Wayne A. Thorp, CFA, senior financial analyst at AAII, and editor of Computerized Investing, will discuss “How to Analyze a Stock.” Using real-world
examples, Wayne will show you how to perform a step-by-step analysis of a
company to decide whether it’s right for your portfolio using popular online
research and data sources.
ARE YOU READY FOR ANOTHER LOST
DECADE?
The Secular and Cyclical Outlook for Stocks, Bonds, and Inflation
Tom J. Kopas
Principal, Pring Turner Capital Group
N
ow that we have endured the first decade of the 21st century—indeed the
“Lost Decade”—what is in store for you and other investors in the next
10 years? Find out why our guest speaker believes investors should prepare for
“Another Lost Decade” and what market benchmarks will look like when we
have reached the end of this current secular bear market. Why is understanding
the business cycle more critical than ever for investors and, most importantly,
where are markets in relation to the current business cycle? What actions can
you take to invest profitably in today’s volatile environment?
Our guest speaker, Tom Kopas, a principal at investment advisory firm Pring
Turner Capital Group, will discuss what asset allocation decisions will bring
investors safely through this cycle. Valuable insights and original research will
be fully shared at this timely presentation. Tom will identify where the risks and
opportunities are for investors now and in the coming months and years ahead.
Paul Townsend, associate vice-president & investment officer at Wells Fargo
Advisors, LLC, will discuss “Adaptive Investing With Tactical Relative
Strength Models.” The disruptive markets of the last decade have permanently
changed the world for investors. The ability to drill down from the marketlevel, the sector-level, the stock-level and the country-level gives the adaptive
investor a significant advantage—this is the future of tactical investing.
Al Zmyslowski, vice president of engineering at Fujitsu America, will discuss
“Changing Markets: Does Anything Still Work?” Do any of the ‘tried and
true’ investing rules still offer value in this environment? Can you invest in
brand name stocks and still expect to make a reasonable return? Does any form
of value investing still make sense? This talk discusses these topics and presents
examples of approaches that continue to provide reasonable returns.
Barbara A. Johnston, DVM, DipACLAM, CFA, will discuss “Investing Opportunities in Washington, Oregon and Idaho.” Is there intelligent business
life outside California? Biotech, medical, telecom, software and IT beyond
Silicon Valley? Real estate markets that have survived the mortgage meltdown?
You bet there are! Attend this summary of the business climate and investing
opportunities in and around Pugetopolis.
Attend this meeting and learn:
• When will the current secular bear market end?
• How to identify where we are in the current
business cycle
• How to build wealth in this secular bear market
About Tom J. Kopas
Tom Kopas began his career in the investment industry in 1981 and spent
more than 20 years as a financial consultant with major Wall Street brokerage firms before joining Pring Turner Capital Group in Walnut Creek, CA.
Tom shares responsibility for implementing investment policy, strategy and
portfolio management at Pring Turner. Tom has taught numerous investment and retirement planning courses and is a frequent guest speaker on
investment planning issues. Most recently, Tom was invited to speak to the
AAII San Francisco chapter in March 2010.
Meeting Details
Saturday, October 9, 2010
Meeting Details
Saturday, November 13, 2010
Lookout Restaurant at Sunnyvale Muni Golf Course
605 Macara Ave., Sunnyvale; maps.yahoo.com
Lookout Restaurant at Sunnyvale Muni Golf Course
605 Macara Ave., Sunnyvale; maps.yahoo.com
Registration/Social/Breakfast, 8:00 a.m.
Registration/Social/ Breakfast, 9:00 a.m.
Program, 8:30 a.m.; Lunch, 11:45 a.m.
Program, 9:30 a.m.; Q&A, 11:00 a.m.
Q&A, during classes and general Q&A at 4:00 p.m.
Early Advance (mail or online by 11/6), Everyone, $20/person
Early Advance (mail or online by 10/2), Everyone, $50/person
Advance (online 11/7–11/11), Everyone, $25/person
Advance (online 10/3–10/7), Everyone, $55/person
At the Door (space permitting), Everyone, $30/person
At the Door (space permitting), Everyone, $60/person
Online registration can be found at www.siliconvalleyaaii.org. Click on the
“Register Online” link in the online announcement for the meeting. Or, go
directly to www.eventbrite.com/org/399694412
Online registration can be found at www.siliconvalleyaaii.org. Click on the
“Register Online” link in the online announcement for the meeting. Or, go
directly to www.eventbrite.com/org/399694412
No Refunds
No Refunds
Please note: No reservations or program registrations can be made using this chapter’s Yahoo! e-mail.
Mail completed advance registration form with your check (payable to AAII) to: AAII Silicon Valley Chapter, P.O. Box 58,
Cupertino, CA 95015. No confirmation will be sent; your canceled check is your receipt.
Silicon Valley Chapter Advance Registration:
Saturday, October 9, 2010
Silicon Valley Chapter Advance Registration:
Saturday, November 13, 2010
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( ) YES, I would like more information about volunteering to help this chapter
plan and present investment education programs.
( ) YES, I would like more information about volunteering to help this chapter
plan and present investment education programs.
About the Moderator & Seminar Speakers
Bob Smithson has 40 years of (mostly) successful personal investing
experience, a Ph.D. in physics, 23 years as a specialist in the analysis
of noisy and often invalid data, and 15 years of applying this type
of analysis to investing decisions. He is a founder and manager of
Anava Capital Management LLC. He is also an AAII Silicon Valley
Chapter Board Member for Computerized Investing.
Wayne A. Thorp, CFA, is a senior financial analyst for the American
Association of Individual Investors and is the editor of Computerized
Investing, a quarterly newsletter considered to be the premier publication covering the use of personal computers for financial planning,
investment analysis, and portfolio management. As a financial columnist for AAII, Wayne has written a column for the AAII Journal
on technical analysis as well as articles on stock screening and analysis. He also is part of the development team for the Stock Investor Pro
computerized fundamental data and screening program and serves
on the Stock Superstars Report (SSR) advisory committee.
Paul Townsend is a native of Southern California and has been a
stockbroker since 1994. He is a frequent and popular speaker at
AAII chapters nationally including audiences in Orlando, Denver,
Houston and Atlanta, as well as in Western and Eastern Michigan.
Paul and his wife, Marianne, live in central Michigan with their 3
children.
Subgroups
Sunnyvale Discussion Group
The Sunnyvale Discussion Group meets on the fourth
Tuesday of each month at 6:30 p.m. in the Coco’s Restaurant located
at 1209 Oakmead Parkway in Sunnyvale. The meeting is held every
month except December.
SI Pro User Group
No general meetings are currently planned. Some past program handouts are available (presenter’s permission granted) at the chapter’s readonly Web page: www.siliconvalleyaaii.org
Chapter Information
Chapter E-Mail Address: [email protected]
Chapter Web Page: www.aaii.com/localchapters
The opinions of speakers are their own and not necessarily those of AAII. It is not the policy of AAII
or its local chapters, officers or directors to promote any specific investments or techniques of analysis.
Presentations are provided solely for informational purposes and should not be construed as solicitations.
There are no representations or warranties of any kind, expressed or implied, about the completeness,
accuracy, reliability, or suitability of meeting information. Investment information presented may not be
appropriate for all investors and should be independently verified.
Al Zmyslowski is vice president of engineering at Fujitsu America
and an individual investor. Al is an experienced personal investor
who has successfully managed several portfolios for himself and others using quantitative investment techniques.
Barbara A. Johnston was awarded a doctorate in veterinary medicine in 1985, and received her CFA in 2004. She worked as life sciences analyst/specialist at Haywood Securities in Vancouver, B.C.,
from 2000 to 2005. She has held consulting positions at various
companies such as Immunex, Genentech, and Chiron to name a
few.
AAII Silicon Valley Chapter Meetings
Saturday, October 9, 2010
ALL-DAY INVESTING SEMINAR
With a Panel Discussion and Audience Participation
discussed by: Dr. Robert C. Smithson
Wayne A. Thorp, CFA
Paul Townsend
Al Zmyslowski
Barbara Johnston, DVM, DipACLAM, CFA
Saturday, November 13, 2010
ARE YOU READY FOR ANOTHER LOST
DECADE?
The Secular and Cyclical Outlook for Stocks, Bonds, and Inflation
discussed by: Tom J. Kopas
Principal, Pring Turner Capital Group
Create better portfolio returns with less risk
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