American Association of Individual Investors
Encyclopedia
The American Association of Individual Investors is a nonprofit organization with about 150,000 members whose purpose is to educate individual investors regarding stock market portolios, financial planning, and retirement accounts. AAII “assists individuals in becoming effective managers of their own assets through programs of education, information and research.” The organization markets itself as an unbiased source of investment information because of its not-for-profit status.
The organization was founded by James Cloonan, Ph.D. in 1978. Over the last thirty years, AAII’s members report “investment returns that are consistently higher than those of the stock market as a whole” (using the S&P 500
as reference). Since 2003, AAII has maintained two real portfolios—a shadow stock portfolio and a mutual fund portfolio – for education purposes. These portfolios’ returns and contents are available online and, the site reports, have outperformed the market considerably over the course of their existence.
for an additional annual fee.
The organization was founded by James Cloonan, Ph.D. in 1978. Over the last thirty years, AAII’s members report “investment returns that are consistently higher than those of the stock market as a whole” (using the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
as reference). Since 2003, AAII has maintained two real portfolios—a shadow stock portfolio and a mutual fund portfolio – for education purposes. These portfolios’ returns and contents are available online and, the site reports, have outperformed the market considerably over the course of their existence.
Membership
AAII.com is the organization's main outlet for their educational materials. While it does offer some completely free information, requiring no registration or membership dues, a large portion of the site requires free registration or membership. AAII's best and premium content is made available only to members, who pay fees starting at $29 a year. For this fee, they receive the AAII Journal (the organization's monthly ad-free magazine), access to the organization's model portfolios, techniques for screening stocks, free investment courses, and other benefits. For members interested in using their computers as an investment resource, AAII offers the Computerized Investing journal and micrositeMicrosite
A microsite is an Internet web design term referring to an individual web page or a small cluster of pages which are meant to function as a discreet entity within an existing website or to complement an offline activity...
for an additional annual fee.
Mentions
- Syndicated columnist Humberto Cruz has mentioned AAII in his investment advice columns: In a comparison between AAII.com's investment education and BetterInvesting.com, he wrote, "For my money, I prefer AAII."
- AAII.com has earned a "Best of the Web" award from Forbes.
- AAII's “Sentiment Survey”, which is a weekly poll (indicator) of its members' opinion on where the market will be in six months, is often written about by financial bloggers and other personal investment organizations, who consider the survey to be among the best of contrarian indicators.
- AAII.com was mentioned in a June 2006 Newsweek article: "If you want more-technical information, try the American Association of Individual Investors".