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Investment Clubs for Dummies is filled with practical guidelines and advice that explores all aspects of starting, joining, and running an investment club. In addition to showing you how clubs work, this book shares stories about real clubs across the nation—so you can see firsthand how rewarding and how fun investment club membership can be. Investment Clubs for Dummies will also help you: Decided which investment club is right for you / Realize the work that’s involved if you want your club to be a success / Address all the financial and legal issues of starting your own investment club / Keep meetings well organized and running smoothly / Create strategies for making your club’s educational efforts a top priority. Deal with the process of investing within the framework of an investment club—from how to pick stocks to building and managing a successful portfolio Investing for Dummies gives readers, new to investing, some good advice, such as you need to save money to invest, and that you should fund tax-deferred retirement plans before paying down a mortgage. Tyson also advises keeping cash reserves, not in ultra-low-yielding bank savings accounts, but in a money market fund. He urges you to seek "ownership" investments, e.g., stocks, real estate, or your own small business, rather then buying bonds or borrowing your nephew money to start his business.
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