THE AAII DENVER CHAPTER PRESENTS

Income Investing: A Way You’ve Probably Neglected

 by Ken Winans

Monday, May 21, 2012

Interest rates are at silly-low levels – and the Fed says expect more of the same. Money funds and bank CDs earn less than zero after taxes and inflation. Where can investors get some decent yield without taking on huge quality or currency risk?  No need for junk bonds or overseas debt. Consider preferred stocks!  These securities, a corporate vehicle established and tested for well over a century, stand above the common stock but below bonds. Many investors are unfamiliar with this large investment arena, where yields can be quite attractive. Learn all about it: different types or preferreds and quasi-preferreds; terminology; online information resources. Some, but not all, offer qualified (15%-tax-rate) dividends. Learn the ins and outs -- and discover possible opportunities. Did you know that some REITs offer preferred stocks? Or that the IRS considers some preferreds’ “dividends” actually to be interest?  Do you know that some ETFs and closed-end funds specialize in preferreds, for fast diversification? There’s much to learn about this useful class of income vehicles! Come and gather a wealth of expanded knowledge.  And why not also invite a friend to see what AAII has to offer?

Ken Winans has been in the investments field for decades. He understudied a world-famous strategist at E.F. Hutton, served in the research department at Sutro & Co., was research director at Compass Investment Group, and for two years was a financial consultant with Merrill Lynch. His firm, Winans Internatinal, has served individual and professional investors since 1992. His 2007 book on preferred stocks, the first since the 1930s, won a National Best Book Award. He has since written Investment Atlas - Financial Maps to Investment Success (an investment history); his Preferred Stocks – The Art of Profitable Income Investing was published in 2010. Ken holds a Bachelors in Business Economics from the University of San Diego and a Masters in Finance from the U. of San Francisco. For several years he was adjunct faculty at the business school at St. Mary’s College in California.

Learn/Benefit:
• Acquire details of an income asset class you may have overlooked
• Find out the important details and potential pitfalls; where to get online info
• Ask questions of a proven expert in the field

Time/Date/Location:
Clements Community Center, 1580 Yarrow St., one block NW of Colfax & Wadsworth, Lakewood.
Monday, May 21, 2012, 7:00 PM
Register/social/light refreshments: 6:20; program including Q&A 7:00-8:45 PM
Usual pricing $8/$13/$15

Deadline for discounted $8 rate: POSTMARKED BY May 14. No reservations taken by
phone or e’mail.
Cancel/refund policy: full credit for May program (only), or check shredded, if you phone
303-988-2296; or e’mail AAIIchapter_Denver@yahoo.com – either way by 5PM one day before event.

CLICK HERE FOR REGISTRATION FORM