Investment Clubs

As you’ve travelled through life, I’m sure you've encountered some surprises along the way. The average life goals of growing up, getting a degree, finding a job, falling in love, getting married, having children and retiring may not have happened in that order (if at all). Instead, you probably had to adjust some goals along the way, but thankfully, if you had a support system, setting off on a new path seemed much more possible.

You are never done learning.  That is one of the most important things to know about investing. But the idea of perpetual learning can be intimidating, so sometimes it's a good idea to have some support. In a recent article we brought up the idea of joining an investment club. It’s a great way to build your confidence and gain some great new friends in the process. 

We’ll look at starting your own investment club later.  For now, let’s talk a little about the considerations of joining an existing club:

Future Homemakers of America.  Future Business Leaders of America.  Future Farmers of America.  You've probably heard of these groups, and maybe even participated in them in high school (for me, it was the FHA and FBLA).  How about Future Moneymakers?  I'm pretty sure they didn't have this when I was in school, but your local middle and high school could have its own variation of a kids' investment club. 

I'll never forget the fun, lovable characters from the Baby-sitters Club book series. Kristy, Claudia, Stacy—we all had a favorite. If you’re not familiar with the series, what those witty adolescents did was form a club of babysitters. Then they capitalized upon each others' strengths to help them make it through the trials and tribulations of three things: being a teenager, being a babysitter, and making money.