what is the national association of investors corp 
the national association of investors corp naic is a nonprofit organization founded in 1951 and dedicated to providing investor education and promote investor success the association is based in madison heights mich and is composed of investing clubs along with individual investors from around the united states the organization today goes mainly by the name betterinvesting 1it should not be confused with the national association of insurance commissioners or the north american industry classification system which also use the naic acronym understanding the national association of investors corp the national association of investors corp naic better known publicly by its brand betterinvesting is a michigan based 501 c 3 nonprofit organization whose aim is to teach and train individuals how to become more successful long term investors the naic is an umbrella organization that had about 3 000 member investment clubs and more than 34 000 individual members at the end of 2018 the original name of the naic was the national association of investment clubs 2the national association of investors corp s member magazine is called betterinvesting and it became the branded name of the association in 2004 the organization was founded in 1951 when three investment clubs formed the national association 1 its mission is to educate individuals on the benefits of long term investing in common stocks 3 with the popularity of 401 k s and other defined contribution retirement plans education regarding stock and bond mutual funds was added depending on their membership level members have access to online tools for determining whether a stock is that of a quality growth company and is selling at a price that will provide sufficient potential return members also receive educational webinars first cut stock studies contributed by the betterinvesting community digital and print editions of betterinvesting magazine local chapter support and other products and services 4naic core principlesthe national association of investors corp stresses four principles for successful long term investing the heart of the national association of investors corp investment approach to investing is the third principle investing in growth companies the primary tool naic uses 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 pretax profit margins and return on equity five year annual high and low price earnings ratios and other important information meant to answer two questions the second principle was added and emphasized in the 1980s and 90s 