8 Ball
- 08 Feb 2003 19:44
******** The Investment club thread ****
The aim of this thread is for people to share experiences of existing clubs and help people join clubs, or even start new ones in their own area.
With the personal message feature on Money am we should be able to bring people together.
Looking to join or start a club? just leave your details here.
Are you an existing club looking for new members?
8 Ball
- 09 Feb 2003 13:15
- 2 of 82
Investment clubs are a great way to increase your knowledge and ability as an investor, in a friendly and fun environment.Whether you are an experienced investor or a complete novice, there are many reasons to get involved in an investment club.
If you are a new investor, there is no better way to start investing as the stock market can be a daunting place for a lone investor. In a club situation, risks are shared as you are pooling your subscription as part of a group of up to twenty people. Better, more sensible decisions tend to be made collectively as you share your knowledge with others. You may have no knowledge about the stock market itself, but you will certainly have knowledge from your work, your hobbies or just life in general which will mean that you have expertise of a particular industry, company or service to contribute to club meetings - and your confidence will soon grow.
You will be surprised how much you pick up from reading newspapers, listening to relevant programmes on the TV and radio, the internet.
If you are an experienced investor, you will enjoy sharing your interest with friends or colleagues and while you might give some less experienced members the benefit of your stock market knowledge, you will certainly learn something from other members because they will have knowledge of different sectors and companies through their work or leisure pursuits. The research involved in investigating companies can be shared between members, as can the cost of information.
The secret of investment club success is that every member becomes involved in finding out about the companies that may be chosen for the club portfolio. It's no use leaving it to the others, the job of finding out these facts must be shared. That way you are contributing effort as well as opinion. It is this pooling of knowledge, as well as resources and money that is the beauty of an investment club and makes it a relatively risk free way to get involved in the stock market.
Over the last couple of years many Investment clubs have lost members and even folded, due to the the sliding stock market and people's loss of interest.
Some clubs have even merged in order to survive.
Juzzle
- 09 Feb 2003 23:49
- 3 of 82
There is also a network of groups for relatively experienced investors, called 'Serious Investors Groups Network, (signet) and which differs in that no pooling of money is involved - merely the local pooling and sharing of expertise and information. They apparently have groups in about 70 postcode areas. Chairman is John Lander, Waterdale House, Chequers Lane, Waterdale, Watford, Herts WD2 7LP Email Signet@btinternet.com
Also may be worth checking out UK Shareholders Association
UKSA
And for Scotland in particular:
UKSASCOT
They campaign on behalf of small shareholders and groups.
8 Ball
- 10 Feb 2003 22:39
- 4 of 82
Thanks for that Juzzle, will check it out.
The cheapest broker I have come across for Clubs is 7.50 per trade.
With Auto stop loss and limit orders, also they offer alert service.
That is offered by
Comdirect
Anyone found one cheaper?
8 Ball
- 11 Feb 2003 19:23
- 6 of 82
I use Har Land presently, but they have stopped new accounts due to the hassle.
They are 9.95 per trade and offer good interest on cash.
However I do not like the fill or Kill system they operate.
moneymakesmoney
- 14 Feb 2003 14:28
- 7 of 82
In an investment club in Esher. To say the value of stocks we have are bombed out would be an understatement. In fact we stopped putting new money in till we saw the market change, and that was 18 months ago. Have now had a nice short holiday on that money that I saved.
8 Ball
- 14 Feb 2003 20:16
- 9 of 82
Your timing was spot on MoneyMakesMoney.
We started about the same time as you got out, We/I have learnt a lot in that time, education as Juzzle said.
We are not in profit but have outperformed the main market in that time.
The last 6 months we have picked up some high yield stocks, which should help us in the future.
little woman
- 15 Feb 2003 13:04
- 10 of 82
We have continued puting money in on a regular basis, but changed from high risk to high yeild. Most of the purchases in the last 6 months are showing profit, and we keep looking at new strategies etc. Although we normally purchase for the long term, because the market is so volatile on the short term, we are now taking profit earlier (before it drops back!) than we would have in the past. Then a couple of months later, if it has drop back enough (and we still like the share!) we go back in. It has been a very good learning process and meetings are even more interesting than the were before. Although a slow process, we are clawing back the huge profits we made in the early years, and to keep the Captial Gains down, getting rid of the dead wood, as and when we have enough gains, to cover the losses so the portfolio doesn't look so depressing! Our Income yield is currently 4.1% even with the "dead wood"!!!!
8 Ball
- 15 Feb 2003 16:39
- 11 of 82
Looks like we are following the same tactics at present Little woman.
Our shares with a High yield are.....
Beatties (BTT) 9.8%
Lloyds TSB (LLOY) 8.5%
United util (UU.) 7.9%
Legal & Gen (LGEN) 6.8%
We currently hold 14 stocks Only 4 pay no dividend.
8 Ball
- 15 Feb 2003 17:28
- 13 of 82
That's a lot of stocks 28, pleased I don't have to do your spreadsheet each month.
Sputnik
- 16 Feb 2003 21:20
- 14 of 82
We started a share club just two years ago,and contribute 10 a week each.We deal through Hargreaves Lansdown, mainly because this made our treasurers job very easy and everything is accountable on the net for every member.
At present we are 109 up over the two year period, whilst this is not a great amount we have outperformed the FTSE quite considerably.
We buy everything on a T/A approach and tend to only buy stocks on a strong uptrend and are close to support, two that we are waiting to buy when everything is favourable are NHP and HRN.
At the meetings that we have once a month we take a laptop and overhead projector, and use Sharescope End of Day. We decided that there had to be a social side to the club so we arrange regular meals together,and have all become very good friends which I feel is essential when money is involved.
little woman
- 17 Feb 2003 17:15
- 15 of 82
Yes the social side is very important. We take turns to provide a very nice meal after every meeting. The few members who can't host the meetings, sometimes borrow another members kitchen so they don't feel left out! We've been going nearly 5 years. After the first year, we changed our rules, so that we would hold less meetings, and did not make it compulsory to attend. Every member gets copies of the minutes, so they know whats going on, and as the treasurer I'm allowed a bit of flexiblity - but as the majority of the members are on e-mail (even if they don't check it very often!) if there is something I think we should buy or sell, I will normally e-mail them and let them know what I want to do. We have a few rules that we all have to following like always leaving a least 1,000 in the bank for emergencies. Spending no more than 1000 purchase, and we try to spread in as many sectors as possible. The high risk purchases are always agreed at meetings, but some of the other have been done outside the meeting. And today we now hold to 31 shares!
8 Ball
- 17 Feb 2003 22:12
- 17 of 82
FIFTH TIME LUCKY FOR COURT KINGS
By John Husband
THE Sudbury Court has won our monthly investment clubs competition for a fifth time. The club, founded by actor Ray Marioni, picked last month's best performing share, supermarket giant Safeway.
Ray said: "With at least four companies wanting to buy it we figured that there was no way the shares could fall. And we were proved right. Everything else went down but they held up."
The 1,000 prize cheque could not have come at a better time. "It's been terrible, just terrible," said Ray. "At the height of the dotcom boom three years ago our fund was worth 60,000. Now we're down to 12,000.
"But don't get me wrong. We have had a few winners such as Lloyds underwriters Atrium. We're showing a 22 per cent profit on them. But almost everything else is down."
Now the Sudbury and all our other investment clubs have another chance to compete in our new Footsie Flyer competition in partnership with Proshare.
The Footsie Flyer game, in partnership with Proshare and City Deal, is open to Mirror and ProShare clubs which have been going for at least three months. Just pick which leading FTSE 100 share will show the biggest gain or smallest loss by the end of this month. As a tie-breaker, give your reason why in not more than 25 words.
Add the code word: "Valentine" and your ProShare Investment Club number to make your entry valid. We're taking the starting prices from this Friday and the closing prices on Friday, February 28.
Entries can be emailed to jonathan.agbenyega@proshare .org faxed to 020 7220 1731 or on a postcard to Mirror Investment Club Competition, ProShare Investment Clubs, Centurion House, 24 Monument Street, London EC3R 8AQ, to arrive by Monday, February 10. Courtesy of our sponsor City Deal, part of the Abbey National, the winning club will receive an account credited with 1,000 and free trading for a year. City Deal offers a full range of services, for details, call 0800 917 8889.
-IF you want to start an investment club, details are in the ProShare manual. It costs 29.50 but Mirror readers who ring 020 7220 1750 with credit card details pay 25, p&p free.
8 Ball
- 27 Feb 2003 19:00
- 18 of 82
Our club currently has two vacancies.
Current members live in Shropshire/Mid Wales area.
Mr Ashley James
- 06 Mar 2003 13:48
- 20 of 82
Always interested in meeting people interested in Resources Sector or Lloyd's Insurance sectors, in or around London, Surrey, Sussex by all means get in touch.
I have made money pretty consistantly now since October 1999 long only in a bear market, albeit it like everyone have got clobbered a few times made a few stupid mistakes over last three and a half years.
Refer my profile for contact details.
Mr Ashley James
- 06 Mar 2003 15:48
- 22 of 82
LW,
Really just meet up with others with similar interests, pool ideas and try to beat a down market.
Right now being long is a tough call, I think specialising and being very sector specific is the only way to make money long IMHO in counter cyclicals, defensive, or special growth situations.
My gut feel resources, Lloyd's and maybe health/pharmaceuticals, but all ideas welcome, I am still very bearish on market for March 2003 expecting UKX around 3330 area this month by end of tax year selling.
So being sector specific is IMHO only way to survive right now.
Cheers
Ash
pwmiles
- 08 Mar 2003 22:49
- 23 of 82
.
8 Ball
- 14 Apr 2003 00:12
- 24 of 82
.
ainsoph
- 14 Apr 2003 08:23
- 26 of 82
Maybe you should like at companies with high divs and go in for trading the divs
shagnasty
- 14 Apr 2003 08:33
- 27 of 82
Ignore Ashley James for sure, see post 21 above
ainsoph
- 14 Apr 2003 09:08
- 29 of 82
It sounds like you are already playing them well :-).... maybe you need to widen the number of shares you play with .... I find monthly CD Refs handy as a way of filtering
ainsoph
- 14 Apr 2003 09:18
- 31 of 82
You need to look at the Hemscott site - its a CD with massive amounts of info and you can ask for companies with big divs etc via filters. its a way of seeing what is available in terms of fundamentals
shagnasty
- 14 Apr 2003 09:32
- 32 of 82
little woman , listen to whom you like indeed, if you had taken notice of Ahleys 3300 FTSE forecast applicable to last week,disaster, he was wrong by
-(15%).
If you listen to ainsoph he has been wrong by 97.5% on his self confessed "biggest single share holding",although he called himself KDC at the time, and don`t be so rude you asked for advice not I.
Anyway the shares you mention are now moving into a Bull phase, and your best bet is to ignore paying `s for info. and trickle some money into a tracker
fund.
Stay grown up.
ainsoph
- 14 Apr 2003 09:35
- 33 of 82
I am very interested in the share you claim is wrong by 97.5% ..... what is it?
shagnasty
- 14 Apr 2003 09:38
- 34 of 82
ask KDC
shagnasty
- 14 Apr 2003 09:53
- 36 of 82
hahahaha, the little woman eh?
shagnasty
- 14 Apr 2003 10:04
- 38 of 82
hahahah, I know nothing , that`s right little woman, nothing, whose getting personal,I never said a word.
Trickling money into a tracker at 0.5% is cheaper then dealing anyway, but hey I know nothing.
LOL
shagnasty
- 14 Apr 2003 10:40
- 40 of 82
Well if < 0.5% is your dealing cost including stamp duty you are dealing for free, don`t bother asking for advice is my advice, you have cracked the system already,
but hey as we both agree I know nothing!!!!!!!!!!!
ainsoph
- 14 Apr 2003 11:13
- 42 of 82
LONDON, April 14 (Reuters) - The London Stock Exchange said the following FTSE 100 (^FTSE - news) companies would go ex-dividend on Wednesday.
According to Reuters' calculations at current market prices, the effect would be to take 3.44 points off the index.
COMPANY (RIC) DIVIDEND INDEX IMPACT
(pence) (points) BAE Systems 5.50 0.69 Exel (LSE: EXL.L - news) 15.30 0.19 Friends Provident (LSE: FP.L - news - msgs) 4.80 0.34 Hanson (LSE: HNS.L - news - msgs) 10.85 0.33 Old Mutual (LSE: OML.L - news - msgs) 3.10 0.49 Smith & Nephew (LSE: SN.L - news - msgs) 3.00 0.11 Tesco (LSE: TSCO.L -
shagnasty
- 14 Apr 2003 11:23
- 44 of 82
ah `little woman` so your statement "0.5% is not cheaper than dealing for dealing for our investment club" was incorrect, fair play, I presumed too much there then, that you were paying less than 0.5% to deal,I mean, but you did imply it, hey what do I know!
ps if you are dividend stripping be very careful, the price can turn very quickly against you, oh and beat budget for 2% costs and spread, oh and don`t forget the % divi. annonced is invariably the annual one of Interim and Final
combined.
but hey I know nothing so do your own thing.
pps I am taking your route now and filtering you, as I can`t stand to see another naif, listening to `Sadmans` advice, too, too, cruel to watch the outcome
good luck anyway
8 Ball
- 14 Apr 2003 18:31
- 45 of 82
Well the thread as come to life.
On the subject of Investment clubs, we have our meeting tonight.
We have gone from -25% to -20% in the last month.
We bought LLOY at 3 it is now 3.88.
Our ploy of going for high yield is slowly turning things around.
After almost 2 yrs of trading we should be in profit in about another 2 yrs.
shagnasty
- 14 Apr 2003 20:10
- 46 of 82
8ball
Much sooner than that if you ignore the advice fron SadmanWhoseAins, trust me,
and curb the "little womans" little adventure with him too, he`ll ditch her as soon as the lie fits.
little woman - 14 Apr'03 - 11:14 - 42 of 45 (Filtered)
8 Ball
- 14 Apr 2003 22:25
- 47 of 82
All posters are welcome to post their ideas on here.
I think we are all adults, we make our own investment decisions based on a number of factors, including our own research I hope.
If I or my club was to make a bad investment it would be our fault and we would not blame anyone else.
We have made a couple in the last few years, why? lack of research.
8 Ball
- 06 Jun 2003 19:48
- 48 of 82
How time flies.....
2 Month's since I last posted.
What a lovely turn around in fortune, From a low of -28% at one point this year to -8% at present.
Continuing to average down on high yield stocks appears to have been a good strategy.
The best of which was buying LLOY at 3 now up to 4.60
Who knows we may even be in profit before the end of the year, which would be nice............
Timeliner
- 07 Jun 2003 19:46
- 49 of 82
We changed the rules of our club 18 months or so ago - and apart from one or two "normal" transactions via a broker - opened a CFD account with Deal4Free. We found it was impossible to trade by concensus and when I ran it in conjunction with my own CFD account the Club's profits turned around - Most of the profits were made by shorting.
Last year we moved our account to the D4F Spreadbet but haven't actually done much trading since then. We have a meeting on Monday and it is hoped that we start to trade on a more regular basis.
Timeliner
- 08 Jun 2003 21:50
- 51 of 82
little woman
Give yourselves the added facility of being able to go short by opening a spreadbet or cfd account.
little woman
- 09 Jun 2003 08:53
- 52 of 82
I have considered it, and we did discuss it at one meeting earlier in the year, but too many members didn't understand how it work, and one was very vocal against it as "her husband had lost nearly every thing they had 15 years ago doing the same thing!" I think he was heavily into traded options and spreadbetting with money he didn't have.
Also it takes so long to set up an account. (One of our members lives abroad, two live overseas 6 months of the year, one we have not actually seen for over two years and two others have trouble making it to a lot of meetings because of work committments! - we have 14 members, so we changed our rules so going to meetings are not compulsory as long as they keep us up to date with contact addresses and/or e-mail, but the lovely late afternoon lunch/dinner after the meeting is the incentive for those who do turn up which is usually 8 or 9!)
We have our AGM coming up and when finally managed to pass a message to our bank, barcalys that we will have a change of Chairman so needed to update their records. They informed me that our current records were out of date, (they only have the details from when we first set the account up and none of the details since, even though everything has changed 3 times since then!) so we all need to produce our 3 different types of ID (in case we become terrorists or money launders) before they can make any changes! (That includes me, although I did all this when I opened the account all those years ago and I may have become a terrorist in the meantime!) As we have do do all this anyway, we may as well move our account somewhere else as barclays at the beginning of the year gave us the option of bank charges & pennies interest or no bank charges and no interest. Abbey National look a better option to collect out subscriptions!
8 Ball
- 09 Jun 2003 23:35
- 53 of 82
Had our meeting tonight and decided to buy SBRY, the yield at 6% and the deal with Shell petrol stations were the Bull points.
Also decided to invest in a pawnbroker ABM plenty of cash and stock on the balance sheet, smaller investment than SBRY, but somthing differant.
Rolley
- 13 Aug 2003 21:39
- 55 of 82
Im intersted in joinig an investment club in the area where I live
KinrossBill
- 17 Aug 2003 00:25
- 58 of 82
Thought I'd let you know a little about the Kinvest Investment Club based in Kinross, Scotland.
We are an associate club of the Kinross 50+ Club and all Kinvest members must be members of the parent Club.
We started in June 1997 with 20 members and, with resignations as recent as last April, now have 8 members. (Well anyone can lose interest when not making money!)
Let me know if you live in the Kinross area and would be interested in joining an investment club.
Our profitable shares are BHG, BRJK, EDG, IPR, MCTY, NFDS, & TSCO while DUC, MMG, & MRW which are at various stages of recovery (well great loss as far as Duc & MMG are concerned).
Earlier this year we prepared graphs comparing the share we held with the Sector and FTSE 100. The starting point was the time we bought that share.
We were pleased to find that our selection came out on top. This gave us the confidence to hold them over the Spring dips to this recovery period.
I agree with an earlier contributor that Sector selection is critical.
We have chosen on factors like Sector strength, Cash rich company, Defensive shares like food and drink, and New Managing Director with new focus.
Hope this speel triggers a few discussions.
8 Ball
- 21 Aug 2003 18:48
- 61 of 82
Hello all
I have not popped in for a while, nice to see a few posts.
Great news is that we are now an investment club in profit.
The first time in our 27 month history.
The star of the show is Burtonwood currently +41%
We went as low as -30% just goes to show it pays to hold your nerve and not jump ship like many have.
ROLLEY What part of the world are you in?
8 Ball
- 07 Sep 2003 17:11
- 63 of 82
Little woman
You may want to look at Harg and Land, we are paying 9.95 per deal.
They also pay interest on cash balance.
We are still showing a very small profit.
8 Ball
- 08 Sep 2003 23:57
- 65 of 82
www.hargreaveslansdown.co.uk
xmortal
- 12 Dec 2003 18:09
- 67 of 82
i would like to join an investment club. Do u know any in central/south manchester. Thanks
vijayyadh
- 12 Dec 2003 22:27
- 68 of 82
I live in the west coast of scotland and am very interested in jioning the club.
Andy
- 13 Dec 2003 00:56
- 70 of 82
juzzle,
Your meeting sounds intresting and well structured.
Do you have any comments on the 2004 Almanac please?
Is it all US based, or is there UK stuff too?
( I have ordered it for my Xmas present!)
xmortal
- 14 Dec 2003 20:00
- 72 of 82
Hello All, I asked if anyone knows of an investment club in central South Manchester. Do you happen ot have a website where i could research. Please help. Thanks
little woman
- 15 Dec 2003 08:08
- 74 of 82
First point of call for investment clubs is this web site:
http://www.proshare.org (http://www.proshare.org)
little woman
- 15 Dec 2003 08:11
- 75 of 82
Sorry - this one's even better!
http://www.proshareclubs.co.uk/ (http://www.proshareclubs.co.uk/)
Andy
- 15 Dec 2003 08:27
- 76 of 82
Juzzle,
Ok thanks for that, it does sound interesting, although, like you say, it's a shame there isn't a UK version.
I will be happy to provide feedback.
Regards,
Andy.
Andy
- 15 Dec 2003 08:37
- 77 of 82
Xmortal,
I don't know of a site for searching for share clubs on the web, I can only suggest you start a thread on the main BB's, and see if someone responds, or you may well find people that also want to join a club, and form your own!
Little Woman's Proshare site is the place to start, and they sell an excellent manual that takes you through the setting up of such a club.
8 Ball
- 12 Jan 2004 20:54
- 78 of 82
Time to bring this back to the top of the list.
There is a similar thread on ADVFN at present if anyone is looking for new clubs and people.
We are currently sitting on a profit of 7%.
We still have a few places if anyone is in the Shropshire/Mid Wales area.
8 Ball
- 03 Feb 2005 23:06
- 79 of 82
How time flies.....
Not posted on here for a year.
Well interesting to see we were 7% in profit then, we are now up 30%.
So you could say we have had a very good year.
We have gained a couple of investors also , but always happy to still add new faces and ideas.
Andy
- 04 Feb 2005 01:10
- 80 of 82
8 ball,
well done, nice to see you guys are doing well.
8 Ball
- 10 Feb 2005 00:27
- 81 of 82
Had meeting last night and spent most of our cash.
We managed to spend 3,500, most we have spent in one meeting.
Gone are the days of averaging down, averaging up is the new trend.
Following very profitable averaging up on Safeland and Albermarle & Bond before Xmas, we did the same with Rentokil and Legal & Gen last night.
Also bought Bradford & Bingley and Mark Kingsley for the first time.
We have also gone back into James Beattie, have held and made profit from this one in the past.
We currently hold shares in 20 listed company with an asset value of 26,000
Plus we have shares in 7 private companies courtesy of Safeland which we are unable to value.
8 Ball
- 14 Apr 2006 13:00
- 82 of 82
Not posted here for over a year.
With Investment clubs now back in Favour decided I should pop this thread back up.
We have members in Shropshire and Powys and currently are 48% up on our investments.
Always looking for new blood....