Investor Clubs in TV?
 

About a month ago, I did a post, asking if many (any?) belonged to Investor Clubs at TV. Got no responses.

Is that an unpopular question, or is everybody there filthy rich?

When we move to TV, we certainly want to join an Investors Club (1 or 2). That will be our part-time jobs...generating investment income to augment our retirement income. Would love to get with others 1-2 times a week to share investment ideas.

I was a co-founder of a Vector Vest (stocks, ETFs) Users Group in my home state. Found it very enjoyable. In addition to Vector Vest, I also use Stockfetcher.com software, along with FastTrack software (for mutual funds). Kathy also uses Vector Vest software (a newbie). She graduated college with a 3.99 GPA, so she's catching on fast!

Gene and Kathy, SW Ohio
TV Wannabes
:wave:

what is filthy rich?

There are 2 clubs that I know of. The OBG Investment Club meets at 1 PM on the 3rd Wednesday of the month. They're affiliated with NAIC. An announcement of their meeting is in the 2/2/09 Recreation News so they are active.

I have a small Daily Sun notice from May 2007 about the Double Five Investment Club that meets on the second Monday of the month at El Santiago. I don't know if they are still active. If you want the contact phone numbers from that article, please PM me.

Whoops! Just noticed another investment club in the 2-12-09 Recreation News - the "Growth Stock Pickers". They meet Wednesdays and use the CANSLIM method.

Filthy Rich
 

Answer: Someone with a 401K that is worth MORE than 50% of what it was a year ago at this time! :undecided:

Skip

Wow, would you consider starting a vector vest group here. I have been a user for 2 years. Just went to the Tampa 2 day seminar last month. I was hoping that someone from that seminar would start a group here in TV as I met several others from TV . There are groups in Orlando and Tampa but nothing close to us.

jeffy

Lack of Investor Clubs
 

Well, as I mentioned before, I am surprised by the lack of investor clubs in TV. I would think that TV would have more than just a couple of clubs. Well, glgene, I suppose you could always start your own as jeffy suggested.

I am surprised that no one living in TV answered your previous post as to how they handled their investments.

Vector Vest Users Group
 

Jeffy and others,

Starting a Vector Vest Users Group is relatively easy. I had a short phone conversation with Dr. D and convinced him I knew enough of V.V. basics to start the club in Cincinnati, Ohio. The rest is history. We met every month with an audience of about 15-20 fellow Vector Vesters. After the first year, my fellow V.V. co-founder and I passed the baton to the next year's co-chairs. We still meet monthly.

The Villages would be the best-of-the-best location for a V.V. Users Group. Retirees with time and (I assume) desire to meet regularly to share
V.V. buying and selling ideas. The perfect meeting location would be one of the Rec Centers. A projector hooked to a laptop computer is all you need.

Vector Vest sends out the meeting notice to all of its subscribers within your zip code(s) area.

If I currently lived in TV, I would be willing to start a V.V. Users Group in a heartbeat...and I just know there would be more than sufficient interest.

Someone needs to step forward to launch the V.V. Club in TV.

V.V. handles stocks and ETFs (but not mutual funds). Data is updated daily between 7:30-8:00 p.m.

Ask me any questions, and I'll try to give you my best answers. Just Do It!


Gene in S.W. Ohio,
A TV Wannabe

Guess that let's me out

Gene
I am the current president of the Orange Blossom Garden Investment Club (OBGIC). We are affiliated with the National Assoc of Investment Clubs (NAIC) and follow their lead with regard to 'investing regularly' in stocks.
We do own 1 ETF.

NAIC principles are more of a learning forum. We are more about learning and teaching how to pick good stocks. Members are required to invest $50/month.

I read this forum almost daily and sorry I did not see your earlier post.

I do think you will find many people interested in your idea of a VV club. You can get a projector to hook up to a lap top at the rec centers for meetings and the regional centers have WiFi for internet access.

Good Luck and if you have any other questions, send me an e-mail at AJARUMBO@HOTMAIL.COM

Your comment brings to mind what I decided to do along the lines of investment research and portfolio management shortly after I retired (many years ago and before we moved to TV). I was getting more information and data on various industries and companies than I could ever possibly read and comprehend. I was spending as much as two days a week pouring over all that boring stuff. (I was a banker and reviewing and interpreting financial statements was neither new or objectionable to me.)

After several months of this I finally concluded, "Why the heck am I doing this?" I had a good financial advisor, so good that he's been selected as one of the top 1,000 in America several times over the years. He was quietly putting up with my constant barrage of questions and interpretations of what I was studying. At one point he gently chastised me, saying, "Investing money is far different from lending money." So I began to give him greater and greater discretion over the management of my portfolio, beginning with about 10% and growing over a period of 6-7 years to complete discretion. Each year we agree on a set of benchmarks, against which to measure his performance. He has never failed to not only beat our benchmarks, but clobber them!

I read your post in the context of my own experience. I know for sure that with all the activities available here, I wouldn't want to spend very much of my own time on wading thru a bunch of numbers and ratios. Having said that, I too wouldn't mind getting involved in an investment club. But I'd be doing it totally for the fun of it. For the real money, I'll leave it to my guru at Merrill Lynch.

Kahuna

a B I G ditto

That was good, by the end of the day it will be worse.

[QUOTE=MelZ;189393]what is filthy rich?[/QUOTE

I found this...

http://www.phrases.org.uk/meanings/filthy-rich.html

I also was looking for investment clubs last year and there were no replies. I am still interested and will be asking around some more to see what I can find. I am not interested in spending many hours every day but some small amount of time would be ideal.
After looking at the clubs listed on the Virginia Trace web site I could only find one listed. The Growth Stock Pickers. There are phone numbers listed to help you make contact etc.
I did not find the Orange Blossom Garden Investment Club, or the Double Five Investment Club listed.

Dick

I'm filty rich - as long as I continue to like beans and , more importantly, I don't live too long LOL

Interested in Vector Vest Club
 

Gene,

My husband and I attended the Orlando Vector Vest meeting but have been too busy trading to implement it.

We would very much like to be included in a Vector Vest club.

How about setting up a planning meeting to assign parameters and then seek members?

Deb

Is this an active thread?

I am looking for a group interesting in trading (swing, day) stock options. I don't know if that's something you'd be interested in doing. I use the thinkorswim platform and belong to a group that meets once a month in Orlando, but no one in the Villages seems to be interested in options trading.There are investment groups here, but seem to be interested in just going long on stocks.

The OBG investment club IS NO MORE. I was president when it folded.

The Double five Investment club meets on the second Monday at the Savannah Center starting at 8:00 AM. Visitors are welcome. A club using VV is interesting to me also.

Stock investing is my passion. I used to be a VV member, but found that a lot of their recommendations were "after the fact". They would list the searches that did the best after the market moved.

I have studied Elliott Wave, Chapman Wave, Fibonacci, Murrey Math, etc. but find the IBD method is currently my favorite. There is an IBD group in The Villages that I plan to join.

You might want to look into this group.

I'd like to see a revival of this thread...

I'm a novice but plan to learn some sort of trading...even considered day trading. Before you laugh too hard, I would not use any money I couldn't afford to lose...which wouldn't be much. ;^) But I just want to do it, kind of like a retirement hobby (that I would take very seriously).

I'd welcome any advice...books...software, etc. and would also love to learn about any clubs active in TV.

You might want to take up another hobby in TV :) There are tons of things to do!

Some points to consider:
- With high frequency trading and dark pools, the individual investor is at a huge disadvantage.
- Markets are fairly effecient and forward looking. The total return for any given year may only be determined by only 10 trading days.
- Over the 10 year period ending in 2011 about 53% of equity mutual funds closed the fund (due to lack of performance). It was worse for bond funds. About 80% to 85% of funds do not beat their benchmark over multi year periods. When you account for luck, there is little or no skill - net of fees.
- Just last year, over 600 hedge funds went out of business.
- Some good books to read would be:
- Anything by Larry Swedroe - he has around 14 books.
- William Bernstien - Investors Manifesto, 4 pillars of investing
- John C. Bogle - Common Sense Investing

Good luck. I hope you find a hobby that works for you.

If we weren't FILITHY RICH we wouldn't be living in The Villages.

If you'll that SMART why do you have to do it part-time?
What was your GPA?????:mademyday:

Now wait...I didn't say I was looking for a hobby. I have plenty of plans for using my time at TV. I just want to trade small time for fun also. :^)

And thanks for the info!