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