Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Don't Get Beaten With An Investment Club

Saturday, August 17, 2013 - 11:35 AM
From MoneyWatch:

    "The conclusion is that investment clubs have something in common  with
     individual investors--trading is hazardous to their financial health.
     . . .   Examining the results of the Mensa (a high-IQ society) investment
     club provides an amusing example.   . . .

Read more:
cumuluscumulus364 posts since
Jan 16, 2010
Rep Points: 1,706
1. Saturday, August 17, 2013 - 12:07 PM
"The problem with most clubs is that they focus on stock selection. And the academic evidence is overwhelming that trying to beat the market by identifying mispriced securities is a loser's game."

I trust Larry Swedroe more than other professionals.  I will say this once more: It is your money and you, and only yourself, is the best person to manage it and invest it. 
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427