The American Association of Individual Investors (AAII) is one of the best resources for a new investor. Reasonably priced yet comprehensive in coverage, AAII.Com is all about educating new investors. AAII is simply one of the best values out there.
A one year subscription to AAII costs a paltry $29.00. I say paltry because for $29.00 one receives quality information that could easily cost much more. A year's subscription entitles one to 12 issues of the AAII Journal both print and online. In addition, there are numerous resources on how to build a portfolio and how to invest in stocks. As an example here is a recent article on how to trace a firm's cash flow.
Perhaps the best part of AAII is the Stock Screen section. Every month AAII updates several stock screens developed and based on the teachings of several different investors and traders. For the value minded there are screens based on the works of several famous value investors including David Dreman, Benjamin Graham, and John Neff. For the growth investor there are screens based on the work of Phil Fisher, Martin Zweig, and others. Overall, for a new investor the screens provide the ability to study how a screen works and to develop ideas form them.
AAII was one of the first subscriptions I paid for when I started last year and I renewed this year. I recommend it to new investors. For $29 it is well worth the money spent.
American Association of Individual Investors (AAII)