This week, we cover our strategy that focuses on firms passing the AAII Neff screen. Inspired by John Neff—who served as portfolio manager of the Vanguard Windsor Fund from 1964 until his retirement in 1995—the Neff value investing approach uses a stringent contrarian viewpoint. Neff perennially found undervalued, out-of-favor stocks in the bargain basement. He liked stocks with a combination of low price-earnings (P/E) ratios, solid forecasts in earnings and sales growth, and an increasing dividend yield. Neff searched for stocks that were unattractive and, in his words, matched the fund’s “cheapo” profile. Neff’s book, “
Discovering Value With the Neff Investing…
This week, we cover our strategy that focuses on firms passing the AAII Neff screen. Inspired by John Neff—who served as portfolio manager of the Vanguard Windsor Fund from 1964 until his retirement in 1995—the Neff value investing approach uses a stringent contrarian viewpoint. Neff perennially found undervalued, out-of-favor stocks in the bargain basement. He liked stocks with a combination of low price-earnings (P/E) ratios, solid forecasts in earnings and sales growth, and an increasing dividend yield. Neff searched for stocks that were unattractive and, in his words, matched the fund’s “cheapo” profile. Neff’s book, “