Starting and Running a Profitable Investment Club: The Official Guide from The National Association of Investors Corporation Revised and Updated [ILLUSTRATED] (Paperback)

by Thomas O'Hara (Author), Kenneth S. Janke Sr. (Author) "There is no rapid route to riches..." (more)
Key Phrases: assistant presiding partner, unit value system, valuation units, Stock Selection Guide, Value Line, Challenge Tree (more...)

Editorial Reviews

From Booklist
For a number of years, investment clubs have been a popular and effective way for individuals to be active investors. However, the media attention garnered by the Beardstown Ladies' Club from small-town middle America, its successful investment track record, and its best-selling Common Sense Investment Guide (1994) brought even more interest and spawned a spate of books on how to start and operate investment clubs. Most of the books recommend affiliation with the National Association of Investors Corporation (NAIC) and freely incorporate NAIC materials and guidelines. The NAIC, which was started in 1951 as the National Association of Investment Clubs, has more than 15,000 member clubs and 60,000 individual memberships. Now O'Hara and Janke, NAIC chairman and president, respectively, offer the NAIC's "official guide," which should be the final and definitive word on this sought-after subject. David Rouse --This text refers to an out of print or unavailable edition of this title.

Product Description
The popular investment guide from the people who taught the Beardstown Ladies is back, completely updated to show a whole new audience how to beat the market. The National Association of Investment Clubs makes available the proven methods that can be used by anyone, no matter what their investment experience.

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Product Details

• Paperback: 304 pages
• Publisher: Three Rivers Press; Rev Upd edition (April 20, 1998)
• Language: English
• ISBN-10: 0812930088
• ISBN-13: 978-0812930085
• Product Dimensions: 9 x 6.1 x 0.8 inches
• Shipping Weight: 12 ounces
• Average Customer Review: 4.1 out of 5 stars See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #293,867 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

31 of 32 people found the following review helpful:

4.0 out of 5 stars Recommended for any investor, club member or not., August 31, 1996

By A Customer

This review is from: Starting and Running a Profitable Investment Club: The Official Guide from the National Association of Investment Clubs (Hardcover)

As the book's subtitle suggests, this is the pre-eminent tome for individuals looking to start their own investment club. From finding prospective club members, to drafting a partnership agreement, to selecting stocks for study and purchase, The Official Guide is a very-nearly complete source of investment club information. One of the few shortcomings of the book is its failure to cover the computer tools available for investment club operations, given that software and online information sources are quickly becoming an essential part of every investor's toolbox. Going beyond the formation of clubs, though, The Official Guide also provides detailed instructions on using NAIC's tools for smart investing. These include the Stock Selection Guide, a relatively-simple two-sided paper form that NAIC developed to help individuals study stocks for potential purchase. The book also covers NAIC's investing philosophy, portfolio management and cursory balance sheet analysis. In short, The Official Guide is probably a good addition to any investor's bookshelf, whether a member of an investment club or not.

17 of 17 people found the following review helpful:

4.0 out of 5 stars Required reading for all investment clubs, March 3, 1998

By A Customer

This review is from: Starting and Running a Profitable Investment Club: The Official Guide from the National Association of Investment Clubs (Hardcover)

Everything you need to know about investment clubs. You don't need to be part of a club to profit from this book. The one down side is that the writing style can be heavy going at times. The authors know their choosen field but the worked examples could have been better layed out. The book is full of tips and tools for the would-be investor. This book is the current standard when it comes to this subject.

23 of 25 people found the following review helpful:

4.0 out of 5 stars Lots of Good & Useful Information, May 17, 2000

By	JCB (I Love Seattle!) - See all my reviews

The strength of this book is that it's quite easy to read. The book is a great resource for beginning investors who are interested in forming an investment club. It can make for a great present to each member of your family. My brother got me this book as a present, and I finished it in a night; the following morning, we had devised a way to start a family investment club. I find myself contantly referring back to this book, especially the Apendices; the Glossary provided is rich with terms every investor needs to know--if you don't know the lingo, how do you expect to make any money?