Investment-club

Book reviews for "Investment-club" sorted by average review score:

The Millionaire's Club: How to Start and Run Your Own Investment Club, and Make Your Money Grow

Published in Paperback by John Wiley & Sons (15 May, 2000)

Author: Carolyn M. Brown

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If the money that passes through the hands of African Americans was ever centralized, it would equal the gross national product of the ninth largest country on earth. Despite this collective wealth, few blacks take advantage of this country's stock market--a trend financial journalist Carolyn Brown would like to reverse. The Millionaires' Club, written under the auspices of Black Enterprise magazine, is a concise guide outlining the basics of acquiring money through establishment of an investment club. It works like this:

Groups of people pool their money to invest. The club requires members to plunk down a set amount of money each month, which it then uses to buy shares in securities--mostly stocks. Profits and dividends are plowed back into the portfolio until the club reaches its financial goal. The appeal is simple: As a group, people with small amounts of money can consolidate their financial resources to make larger purchases of company shares.

Brown details everything you need to know to start a club, including recruiting members, regulating the group, and how to become profitable. She advises clubs to invest in growth companies, to diversify investments, reinvest earnings and dividends, and to focus on long-term investments. Brown also advocates the use of the Internet, investing in real estate, and the building of youth investment clubs. All told, Carolyn Brown's wealth-building wisdom is sound and realistic: "The good news about belonging to an investment club is that not only are you helping to enhance the group's cash reserves, but you are learning personal wealth building for the enrichment of your family, children, and the next generation." A good investment, indeed. --Eugene Holley Jr.

Average review score:

Cheap marketing ploy to sell a mediocre book

A good investment book doesn't need to target an ethnic group,because people of all ethnic groups will want to buy it.

This booktries to make up for its mediocre content by being "targeted atthe huge and growing African American investment market". If ithad better content then it wouldn't need to do that.

There are acouple of excellent investment books that I would recommend. They are"The Motley Fool: Investment Clubs" by SelenaMaranjian... and "Starting and Running a Profitable InvestmentClub : The Official Guide from the NAIC"

No Fuss No Muss Personal Finance

Let's face it. Personal finance is a drag. So many books, so much advice, and so much confusion. That is until you read the Millionaire's Club. Surprisingly, the author Brown does an excellent job. I say surprisingly because most personal finance writers seem to be just as dense as the very books that they keep churning out to the general public. Brown's book, however is short, clear and helpful. She's a straight shooter that believes in serving up no fuss and no muss personal finance. Millionaire's Club has got to be one of the best how-to investment club books currently on the market. I should know. I started an investment club three weeks after reading the book.

churning out.do a poor job of explaining difficult of little to of cutting through the morass of information involved in started starting ersonal finance jargon boiling down difficult concepts and Starting an investment club is Brown's book is not original, but it certainly is

Great Info

This book is a must have for those taking the necessary steps to a bright financial future. This book provided necessary information on all aspects of investment clubs from startup to management. I highly recommend this book.

Beardstown Ladies Stitch-In-Time Guide to Growing Your Nest Egg: Step-By-Step Planning for a Comfortable Financial Future: Sound Value

Published in Audio Cassette by Simon & Schuster (Audio) (May, 1999)

Author: Beardstown Ladies Investment Club

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As in their first book, The Beardstown Ladies' Common-Sense Investment Guide, this lively group of ladies manages to explain in terms any layperson can understand how they have managed to outperform professional money managers since 1983 and build their retirement portfolios to enviable proportions. Folksy, funny, and filled with native money wisdom.

Average review score:

Not as great as it sounds

The book offers basic information on how to invest and save money, but, that's all it does. The book is more appropriate for someone at a later stage of their life, and for someone who has no idea how one should save or invest money. If you already know the basic information about investing, then this book is not for you.

A Primer on Common Sense Investments and Financial Info

If ever there were a standard primer for financial information, my vote would be this book. What a wonderful gift this book would make for a newly married couple, or even a daughter who has just graduated high school or college. A son, too for that matter! As someone who has never had much extra money, I just recently graduated from college and am now pursuing full time employment, I know that when I begin bringing in that second income, that I will want to have some education on what to do with it. I bought this book for that purpose. It is a basic information book that provides vital facts and figures to anyone needing advice in regards to insurance, 401K, stocks, bonds, retirement and ect. For someone who has just a limited knowledge of these topics, this book will be a Godsend. A child could read and understand the concepts presented in this book. It gives resources for more information as well. Pick up this book and you will expand your financial horizons! The book is written in a very casual, witty and motherly type fashion. It will make you warm and fuzzy! And perhaps even fatten your wallet

Investment Clubs: A Team Approach to the Stock Market

Published in Paperback by Lake Shore Press (September, 1993)

Author: Kathryn Shaw

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Checklists and step-by-step approaches to club investing.

Shaw devises club accounting reports, stock study worksheets and investing approaches for clubs in this simplified how-to guide. Shaw provides some interesting checklists and step-by-step illustrations of club operations and investment decision-making.

An outstanding book on the basics of investment club admin.

Katheryn Shaw details the day-to-day (or month-to-month) operations of an investment club. An ideal starting point for anyone considering this approach to investing and an invaluble tool for an ongoing club.

Chicks Laying Nest Eggs : How 10 Skirts Beat the Pants Off Wall Street...And How You Can Too!

Published in Hardcover by Crown (10 April, 2001)

Author: Karin Housley

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Beardstown Ladies, move over. From the sassy, wisecracking wife of pro hockey player Phil Housley (and mother of four) comes an investment-club how-to for all those postboomer, pre-X women who not only bring home the bacon (in an SUV, most likely) and fry it up in a pan, but who want to find greater financial autonomy and profits than mutual funds can provide--and in the process do some "You go, girl!" bonding that would put those chatty gals of The View to shame. Granted, when you cut out all the schmoozing and gabbing in here, the actual take-home advice and guidelines on group online investing could be reduced to the size of a TV-listings blurb for Ally McBeal (to which Housley refers with near-obsessive frequency).

But having said that, it's admirably straightforward and explained in plain English, especially for a genre glutted with so-called "easy-to-follow" volumes that are nonetheless incomprehensible. And, since this is a guide to starting and maintaining a fun and social investment club as much as it is to mastering the stock market, it's got just as much kitchen-table advice on putting together a gang of gals, convening them via Internet bulletin boards, and keeping club communication and camaraderie alive as it does on picking the right stocks, finding a broker, following their progress against the S&P 500, and knowing when to buy, sell, and hold. Housley's writing style is caffeine-charged, bordering on insane, and the bulletin-board conventions and online meeting notes she shares from her own group are so full of references to maternity due dates, hectic suburban-mom itineraries, and free-floating cravings for everything from Quarter Pounders to Tom Cruise that you sometimes feel like you're trapped in a programming loop from the Lifetime Channel.

In truth, though, it's that very jotty, gabby style that actually makes the book as least as much fun to read as Housley makes starting up a club sound like. And lest you're thinking only the wives of NFL hockey players have the spare cash for such hijinks, Housley actually gears most of the book toward women who can only invest as little as $50 a month. If you can't set aside that much toward your future financial autonomy, you're probably putting it all in the hands of some man who's gonna stiff you anyway, girl, Housley seems to be saying. And it's that blend of sisters-doin'-it-for-themselves practicality and pop-level empowerment that makes Chicks the kind of smart, fun group-investment guide that even some of us NYSE-illiterate roosters out there would do well to read. --Timothy Murphy

Average review score:

Don't waste your money!

The first problem I had with this book was the incredibly condescending attitude by the writer. Just because *she* was completely clueless about their family investments doesn't mean the rest of the *housewives* in the country are. She continually talked down to her readers and spoke absolutely horribly about her children. Whether she was joking or not, I found her style extremely offensive. This breastfeeding, clothing diapering, homeschooling mother who happens to love her children didn't fit into ANY of the stupid examples she used.

But I muddled through those first few chapters to get to the meat of the matter - The Chicks Dozen. This is the all-knowing formula that one must run each potential company through before buying the stock. The problem? It worked fine when the bulls were running full steam last summer and they went with primarily tech stocks. Now? Their portfolio is a total loser and they were hit hard. I mean HARD. I notice they don't even publish the numbers on their site any longer.

As it is now, I don't think ANY company would fit into their standards and, in fact, they've changed strageties completely (I mean a COMPLETE reversal!) and are now going with mutual funds. There was page after page in the book BASHING mutual funds and now they've realized that putting all your eggs into single stocks in this bear market just doesn't wash.

They may have beat the men on Wall Street for ONE YEAR, but they sure aren't clucking now. So save your money and check out their website to see their current strategies because they've changed their tune. You'll also notice that one of the members has already left.

Didn't anyone at the publishing company *read* this book with it's hogwash advice before publishing it?

Great for Beginners

This book is written in a coffee klatch style, with great ideas and simple explanations. While there is a lot more chatting than content, it keeps the book from being dry and boring. And the content IS good, especially for those who are starting at the very beginning and need the basics explained. I recommend that you read the excerpts to see if her style is okay for you. If so then buy the book!

The Girlfriends Guide to Investing

Anyone read the "Girlfriends Guide to Pregnancy" by Vicki Iovine? It was the only book that gave you the real deal of the whole experience. At last I've found a financial guide that does the same thing! Karin Housley is the first author that is actually going to get me off my intimidated rear and start investing. Gone are the days where I throw away my bank statements totally clueless and no more calls to my broker asking why I'm losing money. Its the new millenium and with the help of the Chicks I'm ready to roll. This investment book is clear with its concepts taking you through a step by step approach to getting started and continuing the process. These girls have really had an education and I'm ready to follow in their footsteps. Not only is it a how-to for running a club, but also a how-to for actually doing the research...oh and they actually make it sound fun -- now that's a first! Go Chicks!

The Beardstown Ladies' Pocketbook Guide to Picking Stocks

Published in Paperback by Warner Books (April, 1998)

Authors: Robin Dellabough, Beardstown Ladies Investment Club, Beardstown Ladies, and Beardstown

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Give me a break

With the well known clerical errors in computing their investment returns, why would anyone waste any time, not to mention money, on these "unlucky" ladies advice.Try instead, any book by Larry Swedroe, John Bowen, William Bernstein, or Charles Ellis.

The Beardstown Ladies Pocket-Book Guide to Picking Stocks

From 1975, when a "full-service" broker sold some loser stocks to me, all the way up to January 2000, I thought the stock market was an unknowable morass of pitfalls for the "ordinary" working person. Then I read The Beardstown Ladies Pocket-Book Guide to Picking Stocks. Their straightforward style encouraged me to study further, then to join the National Association of Investment Clubs (as an individual member), and to start studying, picking, and buying stocks through an on-line discount broker. Thanks to the Beardstown Ladies, I now believe it will be possible for me to someday retire.

I recommend this book without reservation. I just wish I had found a book like this 35 years ago. And I wish I could locate some more copies of the book, since mine is getting dog-eared and worn because I return to it constantly as a REFERENCE, of all things! Also I want some copies for gifts to younger family members.

Buy this book. It explains common-stock investing in a very clear and engaging style.

An excellent, helpful methodology for analyzing investments.

For anyone who is interested in investing in stocks for long-term growth, this is an excellent, well-laid out book for analyzing companies, and helping you determine where to start looking. It is not for the lazy investor who wants to make a bundle on a quick "tip" or magical formulas. If you're willing to take the time to really research a company before you invest in it, this book lays out the steps and the methodology in a very clear, step-by-step methodolgy. It's not the "how-to-make a million overnight" type of book, but rather, how to sensibly invest your money for the long-term in the stock market. I highly recommend it.

Beardstown Ladies Common-Sense Investment Guide: How We Beat the Stock Market-And How You Can Too

Published in Audio Cassette by Simon & Schuster (Audio) (August, 1995)

Authors: Beardstown Ladies Investment Club, Marilyn Pittman, Leslie Whitaker, Simon & Schuster, Anc Staff Simon &. Schuster, and Inc Staff Simon &. Schuster

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A good read despite the controversy.

Despite recent controversy, this is still a great down to earth book that will make you a better investor. One good idea can be worth big money. There are many good ideas and advice within the pages of this book. Especially well suited for those starting an investment club.

Easily understood guide to investing success.

The Beardstown Ladies Investment Club has become a legend in investment club lore. This book has inspired thousands of individuals to get into the stock market. It's not for nothing that NAIC's "Official Guide" is emblazoned on the cover "From The People Who Taught the Beardstown Ladies," since the Ladies' success required in large part NAIC's move into a larger headquarters building a year or so ago! The book is an easy read, even before you get to the recipes at the end, and why not? Who said investing was rocket science, anyway? Personally, I would quibble with a few of their guidelines for stock investing -- the Ladies require a stock to have a Value Line Timeliness rating of 1 or 2 before they will consider buying it, but since Timeliness is a short-term measure, I think it's pretty irrelevant for the Ladies' long-term, growth stock investing methods; the Ladies say they won't buy a stock over $25, but odd-lot differential surcharges disappeared a long time ago, making this an old-fashioned notion about the need for buying in round lots (and to their credit, Betty Sinnock, one of the Ladies, now reports that this rule is no longer in force). Still, by following the strategies outlined in this book, an investor would surely find investing success. Like other successful individuals in any field, the Beardstown Ladies have withstood their share of vitriolic attacks from financial professionals and the media, but the well-deserved accolades have most certainly overshadowed the self-serving criticism. The Ladies have obviously enjoyed being a part of their investment club. Returns from fellowship and friendship are much harder to measure than the returns of a stock portfolio, but just as important in the scheme of thing and more easily forgotten -- a lesson not lost on the Ladies of Beardstown.

It inspired 45 women in my small town to form 3 clubs!

Reading the Beardstown Ladies Common Sense Guide to Investing two years ago excited women in my little town (pop.6500) causing us to use the Beardstown guidelines to form 3 clubs. We have experienced returns from 25.6% to 27% on our respective portfolios - certainly better than money market funds or other methods of saving. The guide is easy to read; easy to understand; although the stock selection guides are not a piece of cake but well worth learning. I reccomend this book to anyone wanting to find a better way to save for their future retirement.As a final note we also have one men's club (they are not as adventurous, maybe!) and we are in the process of forming 2 more 15 member clubs making a total of 5 womens clubs and 1 men's club! All using the Beardstown concept!!!! Many Thanks to the Beardstown ladies!

The Beardstown Ladies' Little Book of Investment Wisdom

Published in Hardcover by Hyperion Press (November, 1997)

Authors: Robin Dellabough, the Beardstown Ladies' Investment Club, Beardstown Ladies Investment Club, Beardstown Ladies, and Martin Scorsese

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Investment Wisdom at 9.1% returns??? Gimme a break!

Irrelevant one-liners and drawings from a bunch of underperforming pseudoinvestors with a superiority complex, written in a condescending grandmotherly tone. It was hard to keep a straight face while reading it. Save the wear and tear on your nerves by not reading this book. I didn't buy it, neither should you.

Capital and Community : Investment Clubs and Stock Market Populism

Published in Paperback by Cambridge University Press ()

Authors: Brooke Harrington and Mark Granovetter

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The Company of Successful Investors: Profit from the Power of Investment Clubs

Published in Paperback by Pearson Professional Education (11 December, 2001)

Author: Terry Bond

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Dialogue on Wealth and Welfare: An Alternative View of World Capital Formation, a Report to the Club of Rome

Published in Paperback by Pergamon Press (June, 1980)

Author: Orio Giarini

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