Posted on Tuesday, January 22, 2013 by sccl_smart_investing
You can think of an investment club as a small-scale mutual fund where decisions are made by a committee of non-professionals.
The world's first investment club was established in Texas in 1898, back in the days of the Wild West when few investments could be considered safe. Investment clubs were seen as an ideal way of spreading the risk - away from just cattle.
NAIC reports that the number of investment clubs who are NAIC members has reached an all-time high (including 64 clubs that have been in existence for more than 40 years). What's more, 42.9 percent of these clubs outperform the S&P 500, a feat the majority of professional mutual fund managers can't beat.
If your group ins interested in starting an investment group checkout our Book Club Kit . In conjunction with Silicon Valley chapter of Better Investing the library has put together canvas bags with the following
An Investment Club Starter Kit Manual developed by BISV and SCCLD
Six Investment Club handbooks from Better Investing
Investment Club Operations
Introduction to Successful Investing
Investing for Life - Youth
Using Portfolio Management Wisdom
Each kit is available for a 6 week checkout. Every community library has a kit.