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The National Association of Investors Corporation (NAIC), also known as BetterInvesting, is a Michigan-based 501(c)(3) non-profit organization (a not-for-profit organization prior to 1998) whose aim is to teach individuals how to become successful long-term investors. The NAIC is an umbrella organization with around 13,000 member investment clubs, and approximately 120,000 individual members.〔(NAIC website )〕 Membership has been in a steady decline since a peak of well over 400,000 in 1999.〔http://www.betterinvesting.org/ For information on membership decline, visit the Better Investing website and compare the year to year membership reported in press releases. You can also check the annual circulation figures for the ''Better Investing'' magazine.〕 NAIC is the legal name of the organization. Its member magazine is called ''BetterInvesting'', and it became the branded name of the association in 2004. NAIC/BetterInvesting is headquartered in Madison Heights, MI, a suburb of Detroit. The organization was founded in 1951 when five investment clubs formed the national association. Its mission is to educate individuals on the benefits of long-term investing in common stocks. With the popularity of 401(k)s and other defined contribution retirement plans, programs on investing in both stock and bond mutual funds were added. ==Investment Principles== The organization stresses four principles for successful, long-term investing. The last principle was added and emphasize in the 1980s and '90s. These principles are: 1) invest regularly, regardless of market conditions; 2) re-invest all earnings; 3) invest in growth companies (and growth mutual funds); and 4) diversify to reduce risk. The heart of the NAIC approach to investing is the third principle -- investing in growth companies. The primary tool to evaluate common stocks is a two-page form with a semi-log graph on the front called the ''Stock Selection Guide'' (SSG). The SSG dates to the founding of the organization and was created by George A. Nicholson. The SSG displays a company's 10-year sales and earnings per share history, pre-tax profit margins and return on equity; five-year annual high and low price-earnings ratios and other important information meant to answer two questions: Is this a well-managed company? Is the stock selling at a reasonable price?〔"Explaining the BetterInvesting Philosophy," Adam Ritt〕 In the latter part of the 1980s, an active Computer Group (later renamed the "Computer Advisory Board") commenced to introduce computers into the stock study process. A variety of software products were introduced by a number of volunteers to automate the ''Stock Selection Guide''. In 1991, the ''Investors Toolkit'' was commissioned by NAIC's leadership to be its official stock analysis software and, in its 6th iteration, continues to be its most ubiquitous desktop software. In 2005, ''Take $tock'', another desktop software product, was adapted as a Web-based stock analysis product and continues to be used actively today.〔Thomas E. O'Hara, ''Taking Control of your Financial Future'', 1995, Irwin Professional Publishing, 59〕 In the 1990s, NAIC started analyzing mutual funds when more of its members requested information on how to select the best mutual funds for their self-directed retirement accounts. Much like the SSG had been developed as a means to implement NAIC concepts in the analysis of individual companies, a new form was created to analyze mutual funds. Many members join because they were exposed to NAIC though their investment clubs. In fact, the original name of NAIC meant National Association of Investment Clubs. Currently one can join NAIC as an individual, whether or not one is a member of an investment club. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「National Association of Investors Corporation」の詳細全文を読む スポンサード リンク
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