Investment Clubs for Dummies [Paperback]

Douglas Gerlach (Author), Angele McQuade (Author), Donald E. Danko (Author)

Book Description

Series: For Dummies (Lifestyles Paperback) | Publication Date: December 15, 2001

Whether you want to join an existing investment club or start a club from scratch with your friends, family, and co-workers; whether your club meets in your living room or on the Internet, Investment Clubs for Dummies will show you how to reap the rewards of being a member of an investment club. It doesn’t matter how old you are—23, 43, or 63—this book will put you on the right path today.

Investment Clubs for Dummies is filled with practical guidelines and advice that explores all aspects of starting, joining, and running an investment club. In addition to showing you how clubs work, this book shares stories about real clubs across the nation—so you can see firsthand how rewarding and how fun investment club membership can be. Investment Clubs for Dummies will also help you:

• Decided which investment club is right for you
• Realize the work that’s involved if you want your club to be a success
• Address all the financial and legal issues of starting your own investment club
• Keep meetings well organized and running smoothly
• Create strategies for making your club’s educational efforts a top priority
• Deal with the process of investing within the framework of an investment club—from how to pick stocks to building and managing a successful portfolio

It’s a fact—investment clubs have a better record of beating the market than mutual funds. So find out how investment clubs work and get ready to take control of your financial future!

Editorial Reviews

From the Back Cover

Packed with strategies clubs use to beat the market

The fun and easy way^™ to run a well-managed club and watch your money grow! It's a fact — investment clubs have a better record of beating the market than mutual funds. This friendly guide is just what you need to grow your nest egg, from finding or founding a club to officers, meetings, legal stuff, money management, investment strategies, and more. For more plain-English advice, see:

The Dummies Way^™ Explanations in plain English "Get in, get out" information Icons and other navigational aids Tear-out cheat sheet Top ten lists A dash of humor and fun

Get smart! @www.dummies.com

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About the Author

Douglas Gerlach has eight years experience with investment clubs and is co-creator of the National Association of Investors Corporation Web site. Angele McQuade helps coordinate the NAIC's online education initiative.

Product Details

• Paperback: 356 pages
• Publisher: For Dummies; 1 edition (December 15, 2001)
• Language: English
• ISBN-10: 0764554093
• ISBN-13: 978-0764554094
• Product Dimensions: 9.3 x 7.4 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #139,608 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

5.0 out of 5 stars Sold on Investment Clubs, February 14, 2002

By 

Monique L'Italien (Huntington Beach, CA United States) - See all my reviews

This review is from: Investment Clubs for Dummies (Paperback)

In the past, I have considered investment clubs to be an interesting idea. But it wasn't until I started reading Investment Club for Dummies that I seriously considered starting an investment club with a group of people.

Doug Gerlach and Angele McQuade have done such a good job with this interesting, motivational book that you want to just jump in and follow their lead. Their instructions on planning, setting up, and keeping an investment club alive seem really "do-able" and worthy of our consideration.

As with other "Dummies" books, this one is simple, instructional and fun to read - even if you're not planning on joining an investment club. Along with investment club information, you will surely absorb a good measure of facts about investing in general. And, really, which one of us knows too much about investing?

14 of 17 people found the following review helpful:

5.0 out of 5 stars Investment Clubs for Dummies: Clear, Thorough, Enjoyable, August 16, 2002

By A Customer

This review is from: Investment Clubs for Dummies (Paperback)

This book answered all of the questions I had about investment clubs. Written in a casual, easily accessible way, this book gave precise and detailed information about founding or finding a club.
In the book, you'll learn about what work is actually involved with club membership; tips on assembling a group of committed people to be in a club with (plus tips on how to deal with troublesome member issues); and how to find and use investment and investment club resources to learn more about investing and to help keep your club running smoothly.
Whether you are simply interested in what investment clubs are and how they work, or you are serious about starting or joining an investment club, this book is a clearly written and fun way to learn about clubs. By going through each step of starting or becoming involved with an investment club, by dissecting the language of the legal documents your club must maintain, and by providing examples of actual investment clubs, this book covers it all, and will be an invaluable resource for the life of your club.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Excellent Book on Investment Clubs, August 12, 2009

By 

Mariusz Skonieczny "Author" (Schaumburg, IL) - See all my reviews
(REAL NAME)   

This review is from: Investment Clubs for Dummies (Paperback)

This is an excellent book on investment clubs. It covers topics such as starting an investment club, running an investment club, and finding the right investment approach. People join investment clubs because they want to learn about investing and also want help in seeing their investment dollars grow.

Besides presenting benefits of investment clubs, the authors also present the negative side to investment clubs and how to deal with them. For example, some members may be difficult to deal with, others may not want to do their share of work, or they might lose interest. For those who are interested in joining an investment club, this book is not a requirement, but for those who are planning to start an investment club, it is.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market