I'm putting one together and wondered if anyone has any experiences they could elaborate on, positive or negative.

-- Vern (bacon17@ibm.net), January 07, 2000

Answers

I follow leading market strategist John H. Krepansky. Simply Awesome investment advice. That guy rules.

-- Gordon (g_gecko_69@hotmail.com), January 07, 2000.

Vern,

In my experience, investment clubs are like a business run by committee. They just don't work very well if your goal is to make money. If you are looking to learn some things, that's a different story.

Gordo,

Not familiar with John- can you tell us more about him?

-- mike (maples@voy.net), January 07, 2000.

I know some people who joined an investment club and didn't get good returns. They were p*ssed off. Glad I didn't join.

-- dinosaur (dinosaur@williams-net.com), January 07, 2000.

You know one now dino-sour grapes

-- (I'm@pol.ly), January 07, 2000.

Investment clubs aren't a bad idea, especially for newbies. You get many perspectives and idea's. It's not a bet the farm place. For beginners its probably better to invest in no load index funds and play trade individual stocks. Track the winners and losers both until you get a feel for where your best performance comes from. Remember a paper trade won't get you that margin call when the mortgage comes due. Also, there is a lot of generally good advice (great track record) from a radio show hosted by Bob Brinker. He also has a web site with a tremendous list of books on investing for the beginner or above.

The only problem with the group thing is if your philosophy and temperment on investing clashes with the group (ie your aggressive and they are close to retirement and want safer plays.)

Best of luck and happy trading.

-- Squid (ItsDark@down.here), January 09, 2000.