The AAII Story: A Nonprofit Organization

From the beginning, AAII has answered the question, “Where can you go to get unbiased facts and effective knowledge about investing?”

James Cloonan, Ph.D., founded AAII in 1978 because he firmly believed that individual investors armed with effective investment education materials and a bit of dedication could outperform the popular market averages. Thirty years later, the 150,000 members of AAII report investment returns that are consistently higher than those of the stock market as a whole.

Further reinforcing Dr. Cloonan’s point, AAII’s Shadow Stock and Mutual Fund Portfolios (real portfolios used to teach members about investing) have had lower risk scores and better returns than the S&P 500 for the last 10 years. According to Cloonan, “AAII’s purpose is to assist individuals in becoming effective managers of their own assets through programs of education, information and research.”

AAII provides these successful model portfolios complete with a getting-started kit and commentary to all of our members.


10-Year Total Return
AAII Shadow Stock Portfolio 178.7%
AAII Mutual Fund Portfolio 72.6%*
Overall Market -20.7%
Return periods ending 6/30/09.

*The Actual Model Portfolio began in June 2003. Long-term performance is for historical interest only.


Investing the “AAII Way” has always been about distilling current financial theory and academic research into knowledge that our members can act upon. Over the years we’ve learned quite a lot of investing “truths” and we take every opportunity to share them with our members.

AAII is a totally independent nonprofit association. We don’t accept advertising in any of our printed materials. All new membership orders come with our unconditional 100% money-back guarantee.


Annual dues for basic membership are $29, and shipping is FREE! For an additional $24, AAII offers an enhanced membership for those interested in computerized investing.

Join now and AAII will rush you a new member card and welcome kit. We will also E-mail you a new subscriber code that allows you full access to the members-only areas of