Mock Investment Club for the women

safetyblitz · (#1 (**permalink**))

Have you ladies ever thought about setting up a mock investment club on here and possibly moving it to the real world? Investment clubs seem to work better with men than women from my experience.

Abissinia · (#2 (**permalink**))

HUH?

safetyblitz · (#3 (**permalink**))

Yeah huh LOL Sorry about that I meant to say better with women than men.....dyslexic while typing sometimes LOL

MarcusGarveyLives · (#4 (**permalink**))

Photographs of celebrities are more important.

facetygal · (#5 (**permalink**))

How would that work exactly?

FredB · (#6 (**permalink**))

One of the best ideas I have heard for a long while. Could do much worse....

safetyblitz · (#7 (**permalink**))

The idea would be we take an imaginary amount of money as a group and talk on what to invest it in and we do the same individually on this thread from an imaginary standpoint.

This way a lot of the people on here that are involved learn about stocks.

I thought this would benefit the ladies more as they usually outlive us and are the ones who are forced to survive on retirement income.

This would be a good idea for the guys to be involved in as well. Everyone wants money, but most Africans do not know how to hold on to that money once they get it.

OR they do not know how to look at stocks to go the long run which is how many middle class whites come into small fortunes by the time they are 25.

I say it is time to move forward for the new year.

If you are in, just check in and we start it up on Jan 2nd

niceone.gif

Vubundada_Kandaba · (#8 (**permalink**))

That is a great idea Safety.What about a topic like this for the guys. Companies to look out for are the Oil Companies especially with the high oil prices, Corning, General Electric are always safe and the Biotech/pharmaceuticals in my opinion. But people should do their Research before hand. Imagine if I knew that Pfizer is coming out with a product called Viagra, or Abbot Laboratories is coming with a New Cancer Drug...Just imagine where I would have been today if I had the money to get in before Viagra hit the market. If anyone of us here or our parents had invested $20,000 in Microsoft in 1986, by 1998,they would be a net worth of $20 million dollars, that is according to Investment Magazine. I can only dream about it.

Investment is really important. I used to be big on it back starting in the summer of 2000 after watching a couple of white school friends do it and they helped me get started. I stopped after the internet dot com crush but always thought of getting back into. I stopped also becauseit became addicting because I started spending considerable amount of time on the internet researching companies and collaborating with people in Stock and investment forums & spendingalmost about 10 hours a day and taking valuable time from school work.ThereI was able toget all the tips about which company is coming out with what product and knowing this first hand info, you can maneurve to be in the right place at the right time. I was in it to make a quick gain with Ameritradeat that time but did not make really much because I had little to start with and could see stocks like Rhumbus and others where I knew info and tips before hand, you come in at $35 per share and within three week it climb up to$200/share. But what goes up must come down with a bang and then goes up again that is why it is important to go in and let it sit for the longrun of several years. Most of those forums I used to be in went out of business where people discuss what is hot and when it is coming out such as "Stockmaster", "Red-Herring" and others just dis-appeared with the dot-com crush but I learned alot from people in those forums who were mastersin this business and they would make a prediction with a 99 % accuracy where $20 per share for IPO sky-rockeet to $150 in two-three weeks.

An_Advanced_Spark · (#9 (**permalink**))

FredB wrote:

Quote:

One of the best ideas I have heard for a long while. Could do much worse....

Gotta agree, count me in I could do with my knowledge of stocks improving...

Le Moor · (#10 (**permalink**))

Good idea id be interested in this as well. Learning about the fundemantals of a stock/company has been on my things to do list now from time. So this is perfect to spring me into action.

Here an idea of the model of how this could work:

1, We obvously decide who is going to participate

2, AS SB suggested we divide that into a group of male vs female or just one big group if numbers dictate so.

3, Obviously since spreading ones eggs is always a good way to protect ones investment each team looks for 6 stocks each. These must be 3 from the UK market and 3 from the U.S. exchange.

4, To make our North American friends feel at home each person contributes $1000 (U.S. Dollars )plus £1000 (Pounds Sterling). We then collate these monies into the fund. The fund is then divided equally into 6 to buy the shares. Obviously the mens teamand women' teamwould have their own individual funds.

5, The teams must select a broker and when purchasing the stock obtain a realtime quote. This similation will be good practice as buying and selling effectively and understanding how market makers work,is crucial to ones game. Thats if yall are serious about rolling this investment club out live eventually. If not then dont bother just obtain the price off the net.

6, The competition should run for 6 months to a year as you cant really expect large cap stocks to show true movement in anything less than this. However to keep the competition fresh an update competion could be held each month to see who's fund is performing the best.Teams can change the composition of their fund as much and as many times as they wish. The winner is detemind upon the highest fund total.

7, Each club has a period of2 weeks to discuss and research the market and then must declare their chosen stocks. A day then is decided upon to purchase the stocks.

The above is an outline of how this all could work and is just a suggestion. Obviously the raw details like amounts etc need to be agreed upon.

Just to clarify, the above is based on paper purchases rather than the real thing intially as suggested by SB.

soulunique · (#11 (**permalink**))

count me in- i don't know anything about the stock market but really want to learn.

LadyDay · (#12 (**permalink**))

Sounds interesting

depends on how much you require to actually invest in the real world would determine if i took part.

good idea all the same

Abissinia · (#13 (**permalink**))

I am definitely in.

We could maybe look into investing in precious stones, silver and goldare always big winners (may be slow moving thou) and i also like the fact that they are physical assets.

I also definitely want to learn more about investing in Tax liens from our US cousins. I know that the interest depends on the State you invest in, i believe Texas being 40% and guaranteed by the county as well. I also need to know my eligibility to invest in them (can't find any info online). Maybe someone else can explain further.