Succinct Summation of Week’s Events 10.4.19
Succinct Summations for the week ending October 4th, 2019
Positives:
1. Public markets work! Absurdly overvalued unicorns run by self-dealing narcissists cannot seem to find enough suckers to take their crappy shares off their hands, as WeWorks cancels IPO.
2. Unemployment rate fell from 3.7% to 3.5% in September.
3. Non-farm payrolls rose 136k m/o/m, meeting the range of expectations.
4. MBA mortgage applications rose 1.0% w/o/w, above the previous decrease of 3.0%.
5. PMI Manufacturing index came in at 51.1 for September, above the previous 50.3.
6. Layoff announcements fell from 53,480 to 41,557 m/o/m, the lowest level since April.
Negatives:
1. “Stupid Watergate” got much worse, now involving China, VP Pence, and Sec of State Pompeo;
2. As crappy Unicorns implode, the collateral damage threatens legitimate IPO market.
3. Factory orders fell 0.1% m/o/m, below the previous increase of 1.4%.
4. ISM Mfg Index came in at 47.8 for September, below the expected 50.0.
5. Jobless claims rose 4k w/o/w from 215k to 219k.
6. Construction spending rose 0.1% w/o/w, below the expected increase of 0.3%.
Dear Member,
AAII Audio Subscription
To accommodate all of our members who could not travel to Orlando, Florida, for our fall conference, we are making the conference audio recordings available for a special pre-event price of just $89. That’s a $50 savings off of our regular $139 price.
With the AAII Investor Conference Audio Collection, subscribers receive unlimited access to viewpoints, investing insights and ideas from some of America’s most accomplished investment educators and professionals, all via streaming audio. AAII’s audio collection provides an easy and convenient way for you to learn more about investing. The audio can be played directly from AAII.com, downloaded to your computer or played as an MP3 on any device of your choosing.
You’ll receive over 50+ audio recordings (and PDFs of handouts) from some of the best and brightest investment speakers and educators around. Click here for a full speaker list.
Conference Audio Highlights Include:
YOURS FREE — Pre-Order Discount + 5 Timely Presentations
As an incentive to order your Investor Audio Conference Subscription Today, we’ve lowered the price to $89 if you place your order using the special links found in this email.
After the conference, the audio pricing goes back up to
our regular $139 price.
If you take advantage of this special pre-conference audio offer, you’ll also receive 5 special audio presentations delivered straight to your email inbox during the hours of the conference. That’s right, as a special thank you for pre-ordering, the staff at AAII will edit the audio on the conference floor and push it into your mailbox during the conference — it’s the next best thing to being there.
You can avoid the crowds and you won’t have to wait to hear the timely investment words of wisdom from the following must-hear presentations.
teach you:  6 RETIREMENT BLIND SPOTS AND HOW TO FIX THEMChristine Benz, Director of Personal Finance, Morningstar, Inc. Even the best-laid retirement plans can harbor hidden risks, including longevity risk, sequence-of-return risk and underspending. Morningstar’s Christine Benz outlines how to safeguard your portfolio and your plan against these risk factors. She also shares her favorite in-retirement mutual funds and exchange-traded funds (ETFs), and discusses her model bucket portfolios geared toward retirees. Christine Benz delves into the nitty gritty logistics of the bucket strategy like:
  TWO FUNDS FOR LIFE: THE SIMPLE SOLUTION FOR YOUNG AND OLD INVESTORSPaul Merriman, President, The Merriman Financial Education Foundation
Chris Pedersen, Financial Analyst & Writer, The Merriman Financial Education Foundation
Investing has never been simpler with target date funds, index funds and robo-investing taking most of the guesswork out of the process. As simple as investing has become, there are still a handful of decisions that can add millions of dollars over a lifetime. Paul Merriman and Chris Pedersen discuss Merriman’s top $12 million decisions. They believe first-time and experienced investors alike can be encouraged to think through these forks in the road and make the best choices. Making sure an investor takes advantage of all $12 million decisions, they show how to manage a portfolio with no more than two funds.
 BEST IDEAS FOR GROWTH AND INCOMEMatt Schifrin, Vice President & Assistant Managing Editor, Forbes Media Forbes panel of investing experts discuss tactical strategies for navigating current markets as well as offer their best ideas for income and growth in areas ranging from dividend stocks and REITs to tech stocks and crypto and blockchain plays.  ECONOMIC & FINANCIAL MARKET OUTLOOK (Keynote Speaker)James Paulsen, Chief Investment Strategist, The Leuthold Group
James Paulsen examines and provides outlooks for the economic recovery, inflation, the bond market, the U.S. dollar, commodities and the stock market. Plus, he discusses why and how the “Policy Cavalry” (Federal Reserve, lower yields, increase in money supply) has set things up to help investors and how what is happening today will impact the markets for the better.
 HOW TO MAKE MONEY AND AVOID MISTAKES USING BEHAVIORAL FINANCE INSIGHTSJason Voss, CEO, Active Investment Management (AIM) Consulting, LLC
Behavioral finance has remained a diagnosis (you are biased) for its 50-year history, but has lacked a prescription. However, it is possible to make money and avoid mistakes using behavioral finance. Jason Voss shares many of the key insights and methods for ace investors.
After the conference, the audio pricing goes back up to our regular $139 price.
The cost for the 50+ audio sessions is only $89 and it includes speaker handouts. Each Investor Conference Audio subscription comes with AAII’s unconditional 90-day money-back guarantee.
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