Investment Clubs?
Ms. Miniducky left me a comment asking about clubs.
Are you actually IN an investment club already? If so, could you tell me a little more about how you researched/selected your club. I’ve only heard of them before but I don’t know the first thing about how one goes about finding and joining one.
I am not actually in a formal club. My friend and I have been trying to get one off the ground, but we can’t seem to drum up enough interest. Instead, we chit chat about stocks all the time.
To find out more about Investment Clubs, try their umbrella organization, the National Association of Investors Corporations, which is their more formal name. Technically you are forming a corporation when you are in an investment club.
Motley Fool also has a guide for investment clubs you might find useful.
I would read through these two sites. There is also a book called Running a Profitable Investment Club which my friend loaned to me. Admittedly, my friend’s mother-in-law has been in a club for years. Her big winner was Strayer University. She’s in the education field, so naturally she found a good one in that industry since that’s what she knows.
I know a little about semiconductors and electronics from previous work experience, so I tend to buy a lot of chip or related equipment companies. Corning is my latest winner (GLW). It’s up about $5 since I bought it. Not too shabby if it wasn’t eroded by commission fees. (Otherwise, I’m holding a lot of dogs too. No, I’m not a winner. I’m actuallly down about 16% overall, but we’re talking small amounts here. Very small.)
Msminiducky wrote:
Ooh, inspired a whole post!
Thanks for the comprehensive answer. I chat about finances with train friends and heard just enough about his investment club to pique my interest. I’ll look into these links, but have not had any luck rounding up anyone who’s interested in learning more about stocks.
Posted on 07-Jun-07 at 3:44 pm | Permalink
mapgirl wrote:
You know, you might ask him if you can join the club he is in. People drift in and out of clubs so they might be interested in having a new member. Couldn’t hurt to ask.
Posted on 07-Jun-07 at 6:18 pm | Permalink
dong wrote:
I started an investment club with a few friends back in college. We purchased some shares of AAPL back then. The club should be doing quite well if we only knew how to track it down now….
Posted on 07-Jun-07 at 10:24 pm | Permalink
Msminiducky wrote:
I know, I could ask, huh? I’m still not sure how I feel about mixing friends and money, though. May as well ask! I’ll let you know if there are any updates!
Posted on 08-Jun-07 at 3:38 pm | Permalink
Kit wrote:
I have just resigned from the investment club I was involved with. It was a great learning experience but after a couple of years I became disheartened with some of the investment choices made by the membership. They didn’t sit well with my morals and values (we had stock in both a firearms manufacturer and a payday loan company). I suggest you research carefully this kind of thing if it’s important to you at all. I believe it’s possible to be socially responsible and still make money!
Posted on 10-Jun-07 at 2:13 pm | Permalink
Msminiducky wrote:
*Kit* That’s a good point, and I’ll tread carefully until I know whether or not I’m comfortable with the group’s goals and choices.
Posted on 12-Jun-07 at 12:24 pm | Permalink