AAII Baltimore Investment Education Chapter 2018

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Click here to register for the Saturday, March 3, 2018 meeting --  David Snowball, Publisher, Mutual Fund Observer, Inc.  Web Meeting: How to Thrive Despite Bad Journalism and Bad Impulses

Click here to register for the Saturday, April 7th meeting -- Britt Stouffer : Three Ways to Protect Your Stuff


PLEASE NOTE THIS MEETING IS ON THE FIRST SATURDAY OF THE MONTH


Previous Meetings



DATE: Saturday, February 3, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PRESENTATION TOPIC--  Market Structure and Where to Invest

PRESENTATION OVERVIEW: 
How do societal factors impact economic opportunities? How does market structure impact risk taking? Why is investing in technology companies so challenging? What are specific challenges to intellectual property in the Chinese market? Does the recent tax reform discourage financial engineering? These topics and more will be discussed.

ATTEND THIS MEETING TO LEARN: 
1. How market structure affects returns and investment opportunities
2. Why international considerations are important when making investment decisions.
3. Why the recent corporate tax reform is positive for the economy

SPEAKERS / SPEAKERS' BIOGRAPHY:
Niall O'Malley
Portfolio Manager, Blue Point Investment Management
www.bluepointim.us

Speaker Biography:
Blue Point offers active management that is focused on capital appreciation. Niall O’Malley serves as Blue Point’s Portfolio Manager. He leverages a keen understanding of the creative/destructive cycle that governs innovation, 12-years of international experience, and his understanding of the capital markets to seek capital appreciation for clients.

Niall has often been quoted in the press by the Baltimore Business Journal, Baltimore Sun, Bloomberg, China Business News, Citybizlist Baltimore, Financial Advisor, Markets Media, Seeking Alpha and The Trade. He has been a radio show guest on VoiceAmerica’s Insightful Investor, and WCBM’s Money, Riches and Wealth. Niall has been invited as a guest speaker by groups including the American Association of Individual Investors Baltimore Chapter, Baltimore Business Journal, Baltimore Family Office Group, CFA Society Germany, CFA Society Philadelphia, CFA Society Pittsburgh, CFA Society Stamford, CFA Society Switzerland, CFA Society Virginia, Johns Hopkins Carey School of Business, Loyola University Financial Management Association, Towson University Investment Group’s International Markets Summit, The Wednesday Club and Washington Association of Money Managers.

DATE: Saturday, January 6, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

Click here to view Barry Strudwick handout #1 -- Apple Versus the Lithium Metal Benders



Click here to view Barry Strudwick handout #2 -- Quacks & Quarks

PRESENTATION TOPIC--  Hydro-Man Versus The Lithium Metal Benders

PRESENTATION OVERVIEW: 
The world is witnessing the sudden emergence of the self-driving electric car and the apparent demise of the internal combustion engine. Driven by three mega-trends, the storms of Schumpeter’s “creative destruction” are nearing full force, threatening a radical transformation of both the domestic and global economies. Although the outcomes of trends like these are rarely predictable, speaker Barry Strudwick suggests that investors carefully consider their effects. At this meeting, Barry will peer into the future and shares his views of economic implications and potential investment opportunities and complications of disruptive mega-trends.

ATTEND THIS MEETING TO LEARN: 
1. The three disruptive mega-trends that are already converging and about to impact auto and energy investments.
2. How to invest ahead of these waves, and why chasing Tesla and Uber could be sucker plays.
3. A fourth mega-trend—off almost everyone’s radar—could be closer than we think. (We’ll discuss an investment that could provide a “free lottery ticket” to play this technology.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Barry Strudwick

Speaker Biography:
Barry has spoken to AAII Baltimore several times in the past 20 years, offering futurist ideas to help mold forward-looking strategies. Fifteen years ago, when ETFs were mere side attractions, he presented the idea of using them to structure portfolios. In 2011, he shared his “Fortress America” strategy of going long ultra large-cap stocks—and the S&P 500 has since advanced 120%. For over a decade, Barry was host of the public radio show Mutual Perspectives™, featuring interviews with experts such as John Bogle, Bill Gross, and Foster Freiss. He has published over 500 investment articles and has been cited in Barron’s, The Nikkei Times, CNBC, and The Investment News. Barry holds degrees from Emory University in Atlanta and The Wharton Graduate School of Finance at The University of Pennsylvania.

DATE: Saturday, Saturday, December 9, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PRESENTATION TOPIC--  Year End Tax Planning

PRESENTATION OVERVIEW: 
It doesn't matter how much you make, it is how much you keep. Paying the least amount of taxes takes more than just an annual tax preparation meeting, it taxes planning and strategies. We will be discussing end of year strategies as well as the Warren Buffet strategy of paying at a lower tax rate than his secretary. We will address the pending Trump tax changes as well as give concrete examples on things you can do today to reduce or eliminate RMD's, how to cut your self employment tax in half, and how to capture those passive losses, how to handle low basis real estate holdings, and other end of year tax strategies.

ATTEND THIS MEETING TO LEARN: 
1. About end of year tax strategies.
2. Things you can do to reduce RMD's.
3.  About the pending tax changes.
SPEAKERS / SPEAKERS' BIOGRAPHY:

Michael Canet
Managing Director Prostatis Financial
Speaker Biography:

Michael Canet attended law school at the Catholic University of America. He earned his LLM in taxation from the University of Baltimore. He is a founding member of Prostatis Financial Advisors Group, with four offices covering Baltimore, Washington, and Northern Virginia. Canet is the host of “The Savvy Investor,” a nationally recognized financial planning radio show on WCBM and WRC.

He is the author of two Amazon #1 books: “Surviving the Perfect Storm” and “SuccessOnomics with Steve Forbes.”

In 2011, the governor appointed Canet to the State Board of Individual Tax Preparers as a state regulator. He currently sits on the board of Vino Scholastico, a fundraising division of the Scholarship Foundation at Howard Community College.


DATE:  Saturday, Saturday, November 11 9:45 A.M. Registration, 10:00 A.M. Main Presentation

Click here to view the November 11, 2017 Webinar Video -- John Kosar "Investing during the Trump Administration: Opportunity and Danger"

Due to circumstances beyond our control, instead of a live presentation we are able to offer a well-produced webinar presentation by John Kosar.  This presentation will offer two-way audio and the PowerPoint slides as the speaker provides his presentation remotely.

 PRESENTATION TOPIC--  Investing during the Trump Administration: Opportunity and Danger

PRESENTATION OVERVIEW: 
Many investors are wondering whether Donald Trump—perhaps the most controversial president in our lifetime— means opportunity or danger for their portfolios. This is especially true for those getting close to retirement or those who are newly retired, as one bad decision could jeopardize your life savings. However, this does not mean that individuals should stop investing and move to the sidelines, but rather consider using different tactics to survive and thrive in this new environment. In this seminar, a 35-year veteran of the financial markets “follows the money” to determine what financial assets to buy and sell, when to do it, and at what price gain for the best possible risk versus reward on one’s investment strategy.

ATTEND THIS MEETING TO LEARN: 
1.) How Chicago-based Asbury Research picks stocks and ETFs with low downside risk and high upside potential
2.) How Asbury’s correction protection model protects investors from the market’s next major downturn
3.) How to position yourself for the next big move in U.S. interest rates

SPEAKERS / SPEAKERS' BIOGRAPHY:
John Kosar
Chief Market Stategist Asbury Research, LLC

Speaker Biography:
John Kosar has more than 35 years of experience and insight in analyzing and forecasting global financial markets. Kosar's extensive and varied background became the foundation for his unique analysis, understanding of intermarket relationships and global perspective. He incorporates a diverse and comprehensive blend of technical and quantitative metrics that tend to be more intuitive and forward-looking than the typical Wall Street approach. Kosar is frequently seen and quoted on a wide variety of media platforms including CNBC, Fox Business, Bloomberg, Barron's and The Wall Street Journal. He was awarded the Chartered Market Technician (CMT) designation in 1999. During his career, Kosar has been an analyst and trader for Shearson American Express, Deutsche Bank and NatWest Markets.


Saturday, Saturday, October 14, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PRESENTATION TOPIC--  Tax Planning

PRESENTATION OVERVIEW: 
Doug Miller will discuss often overlooked strategies to minimize taxes in retirement. Taxes are the largest liability that we face in our lifetime. Reducing taxes has a much bigger impact on your financial security than whether or not your portfolio out- or underperforms a benchmark by half of 1%.

ATTEND THIS MEETING TO LEARN: 
1.How asset allocation can affect the dollars you get to keep
2.Optimizing asset distribution in retirement
3.Minimizing tax consequences of passing assets to the next generation

SPEAKERS / SPEAKERS' BIOGRAPHY:
Doug Miller
Financial Advisor, Northwestern Mutual

Speaker Biography:
Doug Miller is a certified financial planner. He began his career as an estate planning attorney and business transactional attorney, and has been in the financial services field since January of 2000. He works with business owners and affluent individuals and families to educate them while achieving their financial goals. He is married with three daughters and lives in Carroll County, MD.


DATE:
Saturday, Saturday, September 9, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

Click here to download PDF file of September, 2017 Presentation-- Phil Weiss

PRESENTATION TOPIC--  Behavioral Finance

PRESENTATION OVERVIEW: 
We often find ourselves torn between emotion and logic when making decisions. We also know that people decide differently under pressure or if high risks are involved�exactly the kind of scenario experienced by investors. We find that investors often expend too much energy trying to avoid making hard choices by looking for an informational advantage that will guarantee them a �sure thing.� Instead investors should simply focus on making better decisions. While none of us can avoid behavioral biases completely, processes can be put in place to help avoid the potential impact of these errors. In this presentation, we discuss a number of behavioral biases what can be done to limit their impact.

ATTEND THIS MEETING TO LEARN: 
1.Why Behavioral Finance is relevant for investors.
2. How Behavioral Biases can affect investor decisions.
3. What can be done to limit the impact of Behavioral Biases.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Philip Weiss
Apprise Wealth Management

Speaker Biography:
Phil Weiss has extensive financial and client services experience in equity research and portfolio management. Phil is a CFA  charterholder and a CPA. He takes a value-centric, fundamental-based approach to all aspects of portfolio management and security research. He recently launched Apprise Wealth Management ( www.apprisewealth.com  ), a fee-only RIA focused on providing comprehensive financial planning and investment management services and education to those looking for assistance and believes it is a privilege to manage the retirement assets of others. Primarily while working as a Senior Analyst for Argus Research, he has served as a featured media spokesperson on networks such as CNBC and Bloomberg. He has also written weekly commentary on investment-related topics.


DATE:
Saturday, Saturday, May 13, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

Click here to download PDF file of May, 2017 Presentation-- David Merkel

PRESENTATION TOPIC--  Practical Ways to Understand Financial Stocks Better

PRESENTATION OVERVIEW: 
Accounting is complex, and often hides as much as it reveals. Would you like to learn a few simple practical ways to understand the accounting better, so that you are capable of avoiding investments that may impair your capital? Accounting for financial firms is particularly difficult to understand. Would you like to understand better how financial firms work, so that you can avoid ones that are likely to blow up? Finally, would you like to understand when the stock market as a whole is undervalued or overvalued? This is a teaching session in which Mr. Merkel will share some of his modeling techniques.

ATTEND THIS MEETING TO LEARN: 
1. Simple ways to understand the accounting of firms better.
2. How to understand the accounting and operations of financial firms.
3. How to understand whether the market is overvalued, undervalued, or fairly valued.

SPEAKERS / SPEAKERS' BIOGRAPHY:
David J. Merkel
Principal, Aleph Investments LLC

David J. Merkel is principal of the equity and bond asset management firm Aleph Investments LLC and writes The Aleph Blog. Previously, he was the director of research for Finacorp Securities, senior investment analyst at Hovde Capital, and a leading commentator at RealMoney.com. Before that, he managed corporate bonds for Dwight Asset Management, mortgage bonds and investment risk at Mount Washington Investment Group, after working with Provident Mutual, AIG and Pacific Standard Life. He holds bachelor’s and master’s degrees from Johns Hopkins. He is part of the leadership of the CFA Institute in Baltimore.


DATE:
Saturday, Saturday, April 8, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PRESENTATION TOPIC--  Top 10 Celebrity Estate Planning Mistakes

PRESENTATION OVERVIEW: 
Even the wealthiest people fail to implement the most fundamental and essential elements of a good estate plan. By investigating their stories and learning from their mistakes, we can make smarter decisions about our own estates. Read copies of actual celebrity wills and discover the inner celebrity in you!

ATTEND THIS MEETING TO LEARN: 
1. Learn from these infamous Estate Planning mistakes: James Dean, Marilyn Monroe, John Denver
2. Find out why these estate plans didn't go as planned: Ted Kennedy, Philip Seymour Hoffman, Heath Ledger, Tom Clancy
3. Find out what you should have done differently if you were them: Sonny Bono, Princess Diana, Prince .

SPEAKERS / SPEAKERS' BIOGRAPHY:
Britt L. Stouffer
Maryland Attorney -- Towson, MD
www.stoufferlegal.com

Britt L. Stouffer practices law in the state of Maryland and concentrates on estate planning, estate administration, corporate law, and firearms law.

She graduated with honors from Loyola College with a concentration in English and philosophy, and she earned her legal degree from the University of Baltimore School of Law, where she was a member of the Women’s Bar Association and worked as a research/teaching assistant in estate planning. She also earned a master’s degree in taxation.

During her studies, Stouffer became interested in property possession, taxation, business law and inheritance. Her expertise in possession and inheritance law fits hand-in-hand with estate planning, while taxation, asset protection and business law add to the comprehensive scope of her advice and education efforts.


DATE: Saturday, Saturday, March 11, 2017, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PRESENTATION TOPIC--  Maximize IRA Assets for You & Your Heirs

Click here to download PDF file of March 11, 2017 Presentation -- Rachel Sheedy

PRESENTATION OVERVIEW: 
Traditional IRAs and 401(k)s are called tax-deferred, rather than tax-free, accounts for a good reason. You don’t pay taxes on the money you deposit into them or the profits that accumulate, but you and/or your heirs do pay taxes—at your/their highest ordinary income tax bracket—on the money going out. Listen to Rachel Sheedy show you how you might be able to minimize those taxes.

ATTEND THIS MEETING TO LEARN: 
1. How a Roth account can benefit you and provide a tax-free legacy for your heirs.
2. How IRA required minimum distributions (RMDs) differ from 401(k) RMDs.
3. The different rules that apply to spouse and to non-spouse beneficiaries who inherit an IRA, and how non-spouse heirs can maximize an inherited IRA.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Rachel Sheedy
Editor of Kiplinger's Retirement Report

www.kiplinger.com

Rachel Sheedy is editor of Kiplinger’s Retirement Report, a monthly publication for affluent subscribers planning for and living financially secure lives in retirement.She has written extensively on Social Security claiming strategies, rules and strategies for IRAs and Roth IRAs, reverse mortgages, and state taxes on retirees. Sheedy has served as the editor of Kiplinger.com’s State-by-State Guide to Taxes on Retirees, which was a finalist for a Digital National Magazine Award in 2012.Prior to Kiplinger’s, Sheedy worked for a New York Times regional newspaper and Dow Jones & Company. She has a master’s degree from the Medill School of Journalism at Northwestern University and a bachelor’s degree from Wake Forest University.


DATE: Saturday, Saturday, February 11, 2017, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PLEASE NOTE THAT THE FEBRUARY MEETING IS BACK TO THE 2ND SATURDAY OF THE MONTH

PRESENTATION TOPIC--  State of the County/ Economic Climate of Anne Arundel County

PRESENTATION OVERVIEW: 
A chance to meet Anne Arundel County Executive Schuh and hear him talk about the business climate in Anne Arundel County. How he is working to create a more business friendly atmosphere.

ATTEND THIS MEETING TO LEARN: 
1)  County initiatives to make the county more business friendly.
2)  Overview of the county's biggest business assets.
3) County investments for the next fiscal year. (public safety, infrastructure)

SPEAKERS / SPEAKERS' BIOGRAPHY:
Steve Schuh
Anne Arundel County Executive

County Executive Steve Schuh was elected in 2014 to make Anne Arundel County the best place to live, work, and start a business in Maryland. Steve has been in business for over 30 years. He is a former managing Director of Alex. Brown & Sons and of Credit Suisse. He is a founder of Mid-States management Group, which develops and operates restaurants that employ over 800 people in the region.
Steve serves on the boards of Directors the Baltimore Metro Council and the Economic Alliance of Greater Baltimore. Steve served in the House of Delegates for 8 years representing District 31. He holds a bachelor’s degree in economics and government from Dartmouth College and master’s degrees in business and in education from Harvard University and Johns Hopkins University.


DATE: Saturday, Saturday, January 21, 2017, 9:45 A.M. Registration, 10:00 A.M. Main Presentation

PLEASE NOTE THAT THE JANUARY MEETING IS ON THE 3RD SATURDAY OF THE MONTH

PRESENTATION TOPIC--  The Right Way to Hire Financial Help

PRESENTATION OVERVIEW: 
Nearly 20 years ago, Chuck Jaffe wrote the first-ever book about hiring and working with all types of financial advisers, called “The Right Way to Hire Financial Help.” In those days, no one could foresee that many of the functions of financial counselors would be replaced by software, interactive online platforms and algorithms, but today “robo-advice” is the hot topic and individual investors need to decide on the importance – if any – of maintaining a human touch. This topic will talk about the importance of working with an adviser, the decisions facing investors when they search for help, the mistakes consumers make and how to determine the right kind of advisory relationships to have throughout their lifetime.

ATTEND THIS MEETING TO LEARN: 
1)  How to decide the type of advisory relationship you want
2) How to balance human and robo advice
3) How to avoid making the big mistakes most people make in searching for an adviser

SPEAKERS / SPEAKERS' BIOGRAPHY:
Chuck Jaffe
Senior Columnist, MarketWatch
www.marketwatch.com

Chuck Jaffe is a nationally syndicated financial columnist, currently based at MarketWatch.com. He is also the host of “MoneyLife with Chuck Jaffe,” a weekday radio show/podcast that you can find at www.moneylifeshow.com  .

Chuck is a frequent guest on CNBC, Nightly Business Report, Fox Business News, National Public Radio and more, and it the author of three books: “Getting Started In Finding a Financial Advisor,” “The Right Way to Hire Financial Help” and “Chuck Jaffe’s Lifetime Guide to Mutual Funds.”

A past president of the Society of American Business Editors and Writers, Chuck joined MarketWatch in 2003 after nine years as personal finance and mutual funds columnist at The Boston Globe.


DATE:  Saturday, December 10, 2016

PRESENTATION TOPIC--  Retirement Income Planning

PRESENTATION OVERVIEW: 
The number one fear retirees have is running out of money. Going back to work after retiring should not be part of any retirement plan. You spent years in accumulation mode, but retirement requires a change of mindset that focuses on making your nest egg last the rest of your life. We will show you how to create a steady reliable stream of income using an income portfolio; how an annuity may be a solution (contrary to Ken Fisher's and Suze Orman's disdain for them); and perhaps most important, why taking systematic withdrawals from your equity portfolio could be a disaster during retirement. We will discuss various retirement income sources and the strings attached, the potential fees involved, and the risks associated with each.

ATTEND THIS MEETING TO LEARN: 
1. Retirement income planning requires a change of mindset from "growth at any cost" to protect, preserve, and distribute.
2.Having a plan in place can help ensure that you don't run out of retirement money during your lifetime.
3.Retirement is too short to spend it worrying about the stock market.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Michael Canet
Managing Director Prostatis Financial
www.thesavvyinvestortv.com

Michael Canet attended law school at the Catholic University of America. He earned his LLM in taxation from the University of Baltimore. He is a founding member of Prostatis Financial Advisors Group, with four offices covering Baltimore, Washington, and Northern Virginia. Michael is the host of The Savvy Investor, a nationally recognized financial planning radio show on WCBM and WRC. He is the author of two Amazon #1 books, Surviving the Perfect Storm and SuccessOnomics with Steve Forbes. In 2011, the governor appointed Michael to the State Board of Individual Tax Preparers as a state regulator. He currently sits on the Board of Vino Scholastico, a fundraising division of the Scholarship Foundation at Howard Community College.


DATE: Saturday, Saturday, November 12,2016

PRESENTATION TOPIC--  Workshop: What the Fidelity Active Trader Pro Platform Can Do for You

PRESENTATION OVERVIEW: 
William Purvin will explain how to use the highly rated (by Kiplinger) Fidelity Active Trader Pro Platform to evaluate stocks, options, mutual funds, ETFs, bonds, etc. using technical and fundamental analysis. The education and help functions and the news and sentiment features will help you to make investment decisions. The record keeping functions will keep accounting and tax records for you. Use the Trade Armor and Recognia pattern recognition features to help you decide what, when and at what price to buy and sell. The Active Trade Pro Platform includes an extensive listing of bonds and mutual funds from which to choose. Learn about those and the many other features the platform offers.

ATTEND THIS MEETING TO LEARN
How to use Fidelity’s Active Trader Pro Platform to:
 

1. Customize charts that help you visualize your ideas and view anticipated and confirmed patterns and events
2. Make better buy, hold and sell decisions
3. Use Trade Armor and Recognia to improve your results

SPEAKERS / SPEAKERS' BIOGRAPHY:
William Purvin
Vice President, Regional Brokerage Consultant, Fidelity Investments
www.fidelity.com

William Purvin is a vice president and regional brokerage consultant for Fidelity Investments and trains thousands of individual, institutional and other clients in 13 regional offices in the Mid-Atlantic area.
Purvin has worked in the financial services industry for over 30 years with Fidelity, Merrill Lynch, Charles Schwab, and Bear Stearns. Much of his experience has been trading and making markets in NASDAQ stocks for Schwab Capital Markets and trading at a proprietary trading firm in Westchester, NY.  Purvin is a chartered market technician (CMT) and has completed courses in advanced technical analysis with New York Institute of Finance. He earned a BA in Economics from Rutgers University.


DATE: Saturday, Saturday, October 8, 2016

PRESENTATION TOPIC--  Are Investment Advisers Too Bullish?

PRESENTATION OVERVIEW: 
Mark Hulbert has been tracking investment newsletters for four decades. One of the most distinct patterns that Mr. Hulbert noticed early in his newsletter monitoring was the inverse correlation between the markets and the consensus opinions of monitored newsletters: They tended to be most bullish at or near market tops and most bearish at or near bottoms. To track this consensus objectively, he created four sentiment indices that reflect the average recommended exposure in each of four different markets. Those indices are updated daily, and their latest readings will be the focus of Mr. Hulbert's talk to the Baltimore AAII chapter. There will also be plenty of time for you to ask questions.

ATTEND THIS MEETING TO LEARN: 
1.How investment advisers’ current mood compares to past periods—in the stock, gold and bond markets.
2. The statistical foundation of contrarian analysis.
3. How to exploit contrarian insights to become a better investor.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Mark Hulbert
Founder, Hulbert Financial Digest; Columnist, MarketWatch and USA Today
www.hulbertratings.com

Mark Hulbert is a seasoned financial expert with over four decades of experience analyzing investments and market trends. He is adept at translating complex investment concepts as a columnist, newsletter editor, frequent guest on TV and radio, and leader of investment seminars and workshops.

In 1980, Hulbert founded the Hulbert Financial Digest to objectively rate the performance of investment advisory newsletters. Hulbert has written a regular investment column for MarketWatch, as well as monthly columns for Barron’s and The Wall Street Journal. As of early 2016, Hulbert has been writing a regular investment column for USA Today. Hulbert also wrote a column on investment strategies for The New York Times; before that, he was a columnist on the same subject for Forbes magazine.


DATE: Saturday, Saturday, September 10, 2016

PRESENTATION TOPIC--  The ABCs of BDCs and Closed-End Funds

Here is the pdf file with a copy of Mr. Scott's presentation

PRESENTATION OVERVIEW: 
Mr. Scott will explain the basics of Closed End Funds (CEFs) and Business Development Companies (BDCs) and how these investment vehicles can benefit your investment portfolio with permanent (fixed) capital, active management and daily liquidity.

Attend this meeting to learn -
1. How to balance the risk/reward for CEFA’s Trifecta Analysis: discount capture, sustainable dividends and manager performance (NAV total return).
2. About current and historical trends for the Universe of 600 funds.
3. How to build a hypothetical taxable and IRA account using the funds.

SPEAKERS / SPEAKERS' BIOGRAPHY:
John Cole Scott, CFS.
Chief Investment Officer of Closed End Fund Advisors
www.cefadvisors.com    www.cefadvisors.com 

Mr. Scott holds the FINRA 66 License and the Certified Fund Specialist designation (CFS). John is quoted widely in the financial press and has presented at conferences and for investment groups. He manages 12 investment portfolio models for CEF advisors. In 2008 John founded CEFA's Closed-End Fund Universe, a weekly data service covering all US listed closed-end funds and Business Development Companies (BDC) Funds. He manages BDCUniverse.net (powered by CEFData.com), containing free public BDC Fund profiles and peer group data. He founded and manages The CEF Network group on LinkedIn and is editor of CEFAdvisors' blog. The firm has portfolio models on Covestor.com and a BDC UIT with their partner, SmartTrust UIT.


DATE: Saturday, Saturday, June 11, 2016

PRESENTATION TOPIC--  Department of Labor’s Recent Fiduciary Ruling: What It Can Mean for Your Retirement Investing and Planning

PRESENTATION OVERVIEW: 
The Department of Labor finalized a rule to address conflicts of interest in retirement advice, with the goal of helping middle-class families save billions of dollars annually. This rule requires anybody giving advice about retirement funds to act as a fiduciary. This meeting will explain what a fiduciary is, and what it’s not. All advisors affected by this rule must act in the best interest of their client, without regard to their own interests. This meeting will teach you when this rule applies.

ATTEND THIS MEETING TO LEARN: 
1. 
What does fiduciary duty mean?
2. What is not investment advice under the rule?
3. What has changed?

SPEAKERS / SPEAKERS' BIOGRAPHY:
Eric Jorgensen, CFP
Financial Planner, MainStreet Financial
www.mainstreetplanning.com
  

Eric is a Certified Financial Planner and Chartered Federal Employee Benefits Consultant at MainStreet Financial Planning, Inc. Prior to that, he was an agent with Northwestern Mutual and had a distinguished 20-year Navy career. He earned his BA in Business Administration from St. Leo University and is now enrolled in a dual Masters of Finance/MBA program at University of Maryland University College. Eric was widowed in 2012 and now resides in Silver Spring, MD with his 16-year-old son, who is on the Autism spectrum and in the certificate program through John F. Kennedy High School. Eric serves as V.P. and Chair of the Governance Committee for The Arc of Montgomery County. He is active in the Financial Planning Association of Maryland and the Wheaton Disabled American Veterans chapter.


DATE:
Saturday, Saturday, May 14 2016

PRESENTATION TOPIC--  How to Generate Monthly Cash Flow and Purchase Stocks at a Discount Using Two Low-Risk Option Strategies: Covered Call Writing and Selling Cash-Secured Puts

PRESENTATION OVERVIEW: 
Learn the three essential skills required to sell call and put options in a low-risk manner allowing us to either generate monthly cash flow or to purchase stocks at a discount. Stock selection, option selection and position management will be addressed as well as a discussion of a unique multi-tiered option strategy that incorporates BOTH covered call writing and put selling into one investment approach.

ATTEND THIS MEETING TO LEARN: 
1. The core principles related to covered call and cash-secured puts.
2. Exit strategy choices and examples PRIOR to expiration Friday.
3. Strategies for managing the early exercise of options.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Dr. Alan Ellman
President of The Blue Collar Investor Corp
www.thebluecollarinvestor.com

Alan EllmanDr. Ellman is President of The Blue Collar Investor Corp and author of six best-selling books. Stock Investing For Students is now required reading at the University of Maryland. His latest, Selling Cash-Secured Puts, recently became a best-seller. He has also produced several educational DVDs on options. Alan is a frequent guest on forums such as the Options Industry Council’s Wide World of Options and a speaker at The Money Show, Stock Traders Expo, and AAII. He writes weekly for his award-winning blog and various financial publications in the U.S. and abroad. Alan wears many hats, as he is also a retired general dentist, a licensed real estate salesperson, and a certified personal trainer. Plus, he has also successfully completed the Series 65 Investment Advisor Rep requirements.
Speaker Photo on file or not available.


DATE:
Saturday, Saturday, April 9, 2016

PRESENTATION TOPIC--  Seven Deadly Sins of Estate Planning

PRESENTATION OVERVIEW: 
What is estate planning? Estate planning is about maintaining control of your assets during life and disability, but it is also about preserving the estate at death. A health care directive, for example, gives critical guidance to family and loved ones when you cannot make medical decisions or make your wishes known. One of the many advantages of having a power of attorney in place is to allow a designated agent to make reasonable and responsible decisions on your behalf. During this presentation, we will cover this and other important estate planning techniques.

ATTEND THIS MEETING TO LEARN: 
1. How to protect your assets and avoid probate.
2. How to plan and understand the estate tax.
3. How to provide for tangible personal property.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Britt L. Stouffer
Maryland Attorney

Britt StoufferBritt practices in the State of Maryland and concentrates on estate planning, estate administration, corporate law, and firearms law. She graduated with honors from Loyola College with a concentration in English and philosophy, and she earned her legal degree from the University of Baltimore School of Law, where she was a member of the Women’s Bar Association and worked as a research/teaching assistant in estate planning. She also earned a Master’s in taxation.

During her studies, Britt became interested in property possession, taxation, business law, and inheritance. Her expertise in possession and inheritance law fits hand-in-hand with estate planning, while taxation, asset protection, and business law add to the comprehensive scope of her advice and education efforts.


DATE:
Saturday, Saturday, March 12, 2016

PRESENTATION TOPIC--  Invest Better:  Focus on Risk Control

PRESENTATION OVERVIEW: 
Why do most individuals and institutions fail at investing? They do not properly account for or manage risk. For example, they have unrealistic expectations of asset returns. They imitate the behavior of others rather than thinking. They put too much trust in Modern Portfolio Theory. They think trading can provide a lot of risk protection.

ATTEND THIS MEETING TO LEARN: 
1. What you can rely on in investing.
2. How to think about risk and manage it better.
3. Why diversification is necessary, but isn't enough.

SPEAKERS / SPEAKERS' BIOGRAPHY:
David J. Merkel
Principal, Aleph Investments, LLC
http://alephblog.com/

David J. Merkel, CFA is the Principal of the equity and bond asset management firm Aleph Investments, LLC, and writes The Aleph Blog. Previously, he was the Director of Research for Finacorp Securities, Senior Investment Analyst at Hovde Capital, and a leading commentator at RealMoney.com. Before that, he managed corporate bonds for Dwight Asset Management, mortgage bonds and investment risk at Mount Washington Investment Group, after working with Provident Mutual, AIG and Pacific Standard Life.

He holds Bachelor’s and Master’s degrees from Johns Hopkins. He is part of the leadership of the CFA Institute in Baltimore and the Reformed Presbyterian Church [NA] congregation of which he is a member. In his spare time, he takes care of his eight children with his wonderful wife Ruth.


DATE:
Saturday, Saturday, February 13, 2016

PRESENTATION TOPIC--  How Military Service Shaped My Investment Philosophy

PRESENTATION OVERVIEW: 
The lessons learned in combat are not only relevant, but vital on the battlefield of high finance. Three core lessons stand-out the most:
1. Humans are emotional: Discipline processes beat behavioral bias.
2. Rambo isn't realistic: Act based on evidence, not on superstitions.
3. Integrity is everything: Do things right and do the right thing.

ATTEND THIS MEETING TO LEARN: 
1. 
Why discipline is so important in investing.
2. The importance of acting on evidence, not superstitions.

3. How the integrity of your process/counterparties drives investment performance.

SPEAKERS / SPEAKERS' BIOGRAPHY:
Wes Gray
CEO/CIO, Alpha Architect
www.alphaarchitect.com

After serving as a Captain in the United States Marine Corps, Dr. Gray received a PhD and was a finance professor at Drexel University. Dr. Gray's interest in entrepreneurship and behavioral finance led him to found Alpha Architect, an asset management firm (alphaarchitect.com). Dr. Gray has published three books:

EMBEDDED: A Marine Corps Adviser Inside the Iraqi Army

QUANTITATIVE VALUE: A Practitioner�s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

DIY FINANCIAL ADVISOR: A Simple Solution to Build and Protect Your Wealth


DATE:
Saturday, Saturday, January 9, 2016

PRESENTATION TOPIC
--  “Market Structure and Enhancing Returns”

PRESENTATION OVERVIEW: 
How does market structure impact returns? Why do equity market participation levels differ? How does an open society versus closed society impact economic opportunities? What are the consequences of high frequency trading, short selling and ETFs? What can market structure tell us about potential opportunities going forward? These questions and more will be discussed.

ATTEND THIS MEETING TO LEARN: 
1. How market structure affects returns and investment opportunities
2. Why international considerations are important when making investment decisions
3. How increasing interest rates will challenge economic growth

SPEAKERS / SPEAKERS' BIOGRAPHY:
Niall O’Malley
Portfolio Manager, Blue Point Investment Management

Niall O’Malley founded Blue Point Investment Management, LLC, in 2006. As Blue Point’s Portfolio Manager and with 12 years of international experience, he actively leverages a keen understanding of the creative destructive cycle that governs innovation to add value for clients. O’Malley has been quoted or published by Advisor Perspectives, Baltimore Business Journal, Baltimore Sun, Bloomberg, China Business News, Citybizlist Baltimore, Financial Advisor, Markets Media, Seeking Alpha and The Trade. He has been a guest speaker at the Baltimore Business Journal, Baltimore Family Office Group, CFA Societies, and The Wednesday Club. As an adjunct professor, he has taught “Investments and Equity Security Analysis” at Towson University’s College of Business and Economics.


DATE:
Saturday, November 14, 2015

PRESENTATION TOPIC--  Market Seasonality and Tactical Seasonal Trading Strategies

PRESENTATION OVERVIEW: 
Beyond “the best six months” and “sell in May,” Jeffrey Hirsch will talk all about market seasonality and how we rotate in and out of sectors with the highest probability for maximum returns using fundamental and technical analysis in conjunction with seasonal and cyclical trading strategies, economic trends, and historical patterns. As detailed in the Stock Trader’s Almanac and Almanac Investor Subscription Service, Hirsch will pinpoint entry and exit prices for highly correlated ETFs and top-ranked small-, mid- and large-cap stocks.

ATTEND THIS MEETING TO LEARN: 
1.  Which historical market patterns, cycles and seasonality are still effective and in play now
2. How to implement the best six and eight months switching strategies using ETFs and stocks
3. How to capitalize on seasonal market patterns and utilize them in conjunction with fundamental and technical analysis

SPEAKERS / SPEAKERS' BIOGRAPHY:
Jeffrey A. Hirsch
CEO, Hirsch Holdings
Editor-In-Chief, Stock Trader's Almanac

Jeffrey A. Hirsch is CEO of Hirsch Holdings, editor-in-chief of the Stock Trader’s Almanac and Almanac Investor eNewsletter, and author of “The Little Book of Stock Market Cycles” (Wiley,2012) and “Super Boom: Why the Dow Will Hit 38,820 and How You Can Profit From It” (Wiley, 2011).

A 25-year Wall Street veteran,he took over Hirsch Holdings from founder Yale Hirsch in 2001. Hirsch is a Yahoo Finance contributor, investment committee consultant for Probabilities Fund Management LLC and regularly appears on CNBC, Bloomberg, Fox Business and many other financial media outlets.


DATE: Saturday, October 10, 2015

PRESENTATION TOPIC--  Planning for Healthcare Costs in Retirement

PRESENTATION OVERVIEW: 
This program will provide information about medical costs that may be incurred in retirement. It will discuss Medicare costs and benefits for retirees and explain the Medicare "donut hole". It will provide information on Medigap policies available to help with expenses.

ATTEND THIS MEETING TO LEARN: 
1. Insight into Healthcare Costs in Retirement
2. What Medicare costs and covers
3 Outlining a 4 step process for creating a healthcare plan

SPEAKERS / SPEAKERS' BIOGRAPHY:
Craig Ulep
Managing Associate, Franklin Financial Group
cluep@financialguide.com 
Craig runs a small financial planning office in Annapolis. He has been in the Financial Services/Financial Planning Industry since 2005. He focuses on creating retirement income plans. Additionally. Craig works with a Not For Profit organization that educates parents and students around funding college expenses.


DATE:
Saturday, June 13, 2015

PRESENTATION TOPIC--  Is the Golden Age of Investing Over? Not for This Market-Beating Strategy

DOWNLOAD THE PDF FROM THE JUNE PRESENTATION HERE

PRESENTATION OVERVIEW: 
Yale economics professor Robert Shiller and other financial economists think that the golden age of investing is over. Bonds can't go much higher and may actually fall as interest rates rise, and stocks are either fully valued or overvalued after a six-year bull market. Dr. Skousen argues that even if stocks and bonds have topped out, quality companies that pay high and rising dividends are likely to outperform. In this provocative talk, he will make the case for this strategy based on his various historical studies and offer seven quality stocks that meet his criteria for for above-average profitability.

ATTEND THIS MEETING TO LEARN: 
1. Why value stocks with high and rising dividends outperform growth stocks with low dividends.
2. The growth trap. Which did better since 1950: Big Blue (IBM) vs. Big Oil (ExxonMobil)?
3. Why dividend stocks don't escape bear markets.

REASONS TO ATTEND: 
1. Discover seven specific income stocks that have high growth potential
2. Why high-dividend stocks offer unique short-term speculative opportunities for option traders.
3. What's the #1 indicator bond traders watch to determine when interest rates will rise?

SPEAKERS / SPEAKERS' BIOGRAPHY:
Mark Skousen, Ph.D.
Editor-in-chief, Forecasts and Strategies

Mark Skousen, Ph.D., is editor-in-chief of Forecasts & Strategies, an investment newsletter since 1980. He is a nationally known investment expert, economist, university professor and author of 20 books. He holds the Chair of Management at Grantham University, which renamed its business school after him. He is also editor of three trading services, covering hedge funds, commodities and high income, and was editor/narrator of Louis Rukeyser’s "Secrets of the Great Investors" series. He was recently ranked as the number one speaker at meetings in AAII Chapters throughout the country.


DATE:
Saturday, May 9, 2015

PRESENTATION TOPIC--  True Sector Rotation: Breaking through the Efficient Frontier

PRESENTATION OVERVIEW: 
Automated "True Sector Rotation" enables investors to concentrate on strategy and portfolio construction without the burdensome and confusing process of selecting, tuning and interpreting indicator algorithms. Its underlying mathematics optimally extracts trend signals from market data by employing the cross-disciplinary sciences of electronic signal processing and matched filter theory. By owning only the trend leader, one can simultaneously improve returns and reduce risk. Although complex "under the hood", its simple interface and automated trade alerts make it easy to use.

ATTEND THIS MEETING TO LEARN: 
1. How "True Sector Rotation" changes the risk-reward game
2. How to find the optimal way to extract trends from noisy market data
3. How to build a strategy-of-strategies, and low drawdown portfolio

REASONS TO ATTEND: 
1.See how to track changing sector leadership
2. Learn why not all trends are the same
3. Discover leading ETFs that can be used to implement successful "sector surfing"

SPEAKERS / SPEAKERS' BIOGRAPHY:
Scott Juds
Founder and President, SumGrowth Strategies

Scott has over 30 years of experience in both hands-on and executive-level positions at multiple engineering and technology based companies. He is the named inventor on over 40 U.S. and foreign patents and is a published author He holds electrical engineering degrees from the University of Wisconsin and Stanford University. He is a registered professional engineer in Washington. He started developing what is now SumGrowth's investment product, "SectorSurfer", in 1992 to improve his personal investment performance.


DATE:
Saturday, April 11, 2015

PRESENTATION TOPIC--  Reading the Tea Leaves (or trying to make sense of economists, politicians and the Federal Reserve

DOWNLOAD THE PDF FROM THE APRIL PRESENTATION HERE

PRESENTATION OVERVIEW: 
This workshop will survey some of the key issues facing investors in upcoming months. No one can predict the future, stock prices, or market behavior. However, developing sound expectations based on objective analysis is an important part of the investing process. This applies to short-term investors seeking to select securities with greater chances of performing well, or long term investors who want to balance risk and return in their asset allocation targets. In this session we will cover policy trends by the Federal Reserve and other central banks, and potential impacts of those trends on equities, bonds and exchange rates. We'll look at valuations in key markets, economic trends and global political-economic concerns, including the 2016 U.S. presidential election.

ATTEND THIS MEETING TO LEARN: 
1. What the Federal Reserve and other central banks have been doing and saying recently
2 How the economy has been performing, and how future trends could impact your investments
3 Some risks that might keep you awake

REASONS TO ATTEND: 
1.Learn some fundamental techniques of incorporating economic and market expectations into investment decision-making
2 Understand how reading tea leaves differs for short-term and long-term investors
3 Become a more astute observer of the Federal Reserve, and understand the impact of monetary policy on markets  

SPEAKERS / SPEAKERS' BIOGRAPHY:
Bob Pugh, CFA, CFP
President and Founder, Insight Wealth Management, Inc

Bob is President and Founder of Insight Wealth Management, Inc (www.insightwealth.com), an independent Registered Investment Adviser in Gainesville, VA, providing fee-only investment management and comprehensive financial planning services. He has over twenty-five years of experience as an economist, financial educator, analyst, portfolio manager and financial planner. He has worked as an economic and financial analyst with the CIA, local government and private investment management. He teaches Level III CFA Exam review for the CFA Society of Washington, DC and the World Bank. Bob has served as both President of the CFA Society of Washington, DC and Eastern Region Presidents Council Representative with the CFA Institute.


DATE:
Saturday, March 14, 2015

PRESENTATION TOPIC--  Alternative Investments and Enhanced Income Strategies

DOWNLOAD THE PDF FROM THE MARCH PRESENTATION HERE

PRESENTATION OVERVIEW: 
There have been six years of unbroken advances in the equity markets. Once again interest rates are at zero. International markets are a mess. We are faced with a deflationary environment and increased volatility. How can you earn a reasonable return with reduced overall risk?

ATTEND THIS MEETING TO LEARN: 
1. The various areas that encompass alternative investing
2. How to earn a substantial income return in a low income environment
3. How to use relative values to determine optimum times to enter the markets

REASONS TO ATTEND: 
1.To understand why alternatives provide a solid alternative to bonds
2. To help decide how much of an allocation is right for you
3. To learn some of the alternative investments available to you to incorporate

 

SPEAKERS / SPEAKERS' BIOGRAPHY:
David Goldner, CFP, CPA, CVA
Managing Partner, Gross, Mendelsohn & Associates
dgoldner@gma-cpa-com

David Goldner is managing partner of Gross, Mendelsohn & Associates, P.A., a CPA and business consulting firm. He specializes in delivering integrated tax, estate and investment planning strategies to clients, including high net worth individuals and families. David serves on the board of directors of the Baltimore Estate Planning Council and the investment committees of the Susan G. Komen Foundation of Maryland and Big Brothers Big Sisters of Central Maryland.


DATE:
Saturday, January 10, 2015
Brooklyn Park Library Branch

PRESENTATION TOPIC--  The Case for Indexing

DOWNLOAD THE PDF FROM THE JANUARY PRESENTATION HERE

PRESENTATION OVERVIEW: 
Warren Buffet and many others recommend that investors use index funds. This presentation will examine why. It will look at the evidence in favor of indexed investing as well as how to structure indexed investments to align with an asset allocation strategy. Included will be an explanation of tracking investment performance relative to a well-defined benchmark index.

ATTEND THIS MEETING TO LEARN: 
1 Why many long-time students of investment markets favor index funds.
2. How to pick low-cost exchange traded or mutual index funds.
3. How to manage assets using an index fund approach that has outperformed 75% of professional managers after all costs over the long term.

REASONS TO ATTEND: 
1. To understand why indexing outperforms 75% of investors over the longer term.
2. To see how to index assets in conformance with a client specific asset allocation model.
3. To determine if some or all of your assets should be indexed.
 
SPEAKERS / SPEAKERS' BIOGRAPHY:
Robert Wasilewski
President, RW Investment Strategies
robert@rwinvestmentstrategies.com 

Robert Wasilewski is founder and president of RW Investment Strategies which offers investment management and investment consulting services for "do-it-yourself- investors." He was a portfolio advisor/investment manager at Baltimore Washington Financial Advisors in Columbia, Maryland for 3 years. Prior to that, he managed assets for more than 20 years for institutions, including some of the biggest pension funds in the United States. He also teaches economics at Howard Community College in Columbia, MD. Robert is a Baltimore AAII member.


CLICK HERE FOR LISTINGS OF MEETINGS HELD PRIOR TO 2015
 

   

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