I just finished reading the book Chicks Laying Nest Eggs by Karin Housley. Has anyone else ever read this?
It is about forming an investment club. The idea is that you get about 10 people together who want to contribute a set amount per month to invest. You pool the money for 3 or 4 months. Then you make a decision about what stock to buy with your money. It is a long term buy and hold strategy. The book explains how they pick stocks that tend to do well.
The idea is that you can buy more as a group by pooling your money and that you can bounce ideas about what to buy off the entire group. I’d like to do this but I don’t know 10 people. I’d like to start investing but since I’m broke I’d only have a little per month to give. It seems hopeless to try to invest small amounts as a single investor but if you pool the money it adds up quickly. They have a website at Chicks Laying Nest Eggs. Anyone interested?