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Why would you want to invest as part of a club? I really don't get the appeal.
i joined mainly for two reasons. 1. to learn more about investing, the economy, companies etc. 2. social. We are all women, fairly well off, and maintaining social interaction is critically important as you age. The mental stimulation has been very beneficial. Several of our members are in their 80s and sharp as tacks. We have learned about innovative companies from 3D printing to deep sea drilling.
I suggested it to the young man for the same reason -- learning about the stock market. They'll figure out soon enough that "group pooling" usually won't work but they'll learn a lot about investing along the way. When they are ready to split up, the investment club makes it very easy to settle up the money with all being fair.
Last edited by LynchburgLover; 02-24-2014 at 04:32 PM..
i joined mainly for two reasons. 1. to learn more about investing, the economy, companies etc. 2. social. We are all women, fairly well off, and maintaining social interaction is critically important as you age. The mental stimulation has been very beneficial. Several of our members are in their 80s and sharp as tacks. We have learned about innovative companies from 3D printing to deep sea drilling.
I suggested it to the young man for the same reason -- learning about the stock market. They'll figure out soon enough that "group pooling" usually won't work but they'll learn a lot about investing along the way. When they are ready to split up, the investment club makes it very easy to settle up the money with all being fair.
I guess it's just my personality, but I would rather not be in a club where I pooled my money with other people. I can talk about investments without having to pool money. But I find most people I know don't want to talk about this stuff. I only have one friend who is reasonably well versed in any of this stuff. The rest don't seem to be interested at all, even though a few are fairly high earners.
This sounds really "Beardstown Ladies" to me, and I'm not sure I see the upside either. Perhaps it is worthwhile for the social aspects, but from an investing standpoint, I'd be very surprised if returns would match the appropriate tracking indexes.
Quote:
Originally Posted by mysticaltyger
Why would you want to invest as part of a club? I really don't get the appeal.
Quote:
Originally Posted by LynchburgLover
i joined mainly for two reasons. 1. to learn more about investing, the economy, companies etc. 2. social. We are all women, fairly well off, and maintaining social interaction is critically important as you age. The mental stimulation has been very beneficial. Several of our members are in their 80s and sharp as tacks. We have learned about innovative companies from 3D printing to deep sea drilling.
I suggested it to the young man for the same reason -- learning about the stock market. They'll figure out soon enough that "group pooling" usually won't work but they'll learn a lot about investing along the way. When they are ready to split up, the investment club makes it very easy to settle up the money with all being fair.
Quote:
Originally Posted by mysticaltyger
I guess it's just my personality, but I would rather not be in a club where I pooled my money with other people. I can talk about investments without having to pool money. But I find most people I know don't want to talk about this stuff. I only have one friend who is reasonably well versed in any of this stuff. The rest don't seem to be interested at all, even though a few are fairly high earners.
Yup -- just like Beardstown. But, I've made a lot more than if it was sitting in a bank account, learned a lot about stocks, and didn't waste my $50/month at Starbucks.
Hello! I am a part of a group of 7 close male friends and we are all about 21 years old. We want to start putting money away together to invest in a vacation home in the future. Right now we are going to each put in 10 bucks a month for a total of 840 a year. Most likely in a couple years when we are all graduated and have steady income we will raise that amount. My question is what is the best option for us to have a secure investment that grows the best interest. None of us are too knowledgeable in economics so i am looking for an outside perspective. Trust funds? Stocks? CDs? We wont be touching this money for 5-10 years I presume. Thanks in advance for any input!
Gold, i believe will be a strong investment for the future, especially now as the US gets deeper into debt and inflation increases, the value of the USD will drop relative to Gold. Right now, prices are falling because people think gold is going to continue to fall, which is the perfect signal to buy. there is a famous quote by Warren Buffest which goes : "be fearful when others are greedy and greedy only when others are fearful" people are fearful of gold so go greedy.
Gold is only one investment. It is important to have a diverse investment portfolio.
Other things to invest in include foreign properties in emerging markets, ie in China, or India.
ofcourse these are just suggestions. you should do your own research and look into it further. Investing is easy.. that is if you want measly 1% annual returns.. but if you want solid 10-15% annually you need to know your stuff. simply taking advice from someone else is not enough and you are basically speculating, which is basically gambling.
Yup -- just like Beardstown. But, I've made a lot more than if it was sitting in a bank account, learned a lot about stocks, and didn't waste my $50/month at Starbucks.
Absolutely. At the end of the day, all that really matters is you enjoy yourself, learn something, and keep ahead of inflation. Do those things and the occasional trip to Starbucks won't break the bank!
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