Motley Fool : The Motley Fool's Guide To Investment Clubs: Amazon.co.uk: M Berger M Goodson, David Berger: Books

Amazon.co.uk Review

Like waking up in unfamiliar surroundings, the stock market has the power to send even the most courageous into a cold sweat. Like gambling for the uninitiated, there is so much potential for gain, but so much potential to lose.

So what's stopping you? A healthy dose of trepidation most likely. What you may not realise is that you don't have to go it alone. Investment clubs are a popular way of banding together with fellow amateurs and pooling resources "both cerebral and financial" to beat the professionals. The fact is, it's your money and no-one knows better than you how important that is. With every member of the club, experience or no, researching and working for the club, favourable returns need not be a pipe dream.

The Fool's Guide to Investment Clubs tells you all you need to know about investment clubs and how they work, how to get one started with friends, colleagues, neighbours and how to keep it running and stay on top of the accounts. Foolish advice abounds on investing in the stock market, choosing stocks and shares and what to make of those alternative suggestions that are sure to crop up from time to time--"part-ownership of a racehorse? Leave this one for Ealing comedies and Brian Rix farces." It's all bound together by tales, tips and advice from people who have been there, done that and the Foolish experience is, as always, turned up to the max. Whether you are seriously considering banding your own motley collection of misfits into an investment club, or just yearning for more of Foolish community, The Fool's Guide to Investment Clubs is the book for you.

Improve your investment life. No cold sweat. --Iain Campbell

From the Author

Investment Clubs are fun!
In writing this book for the Motley Fool, I have tried to give a feeling to what it is like to belong to a club. For too long the average person has perceived the world of finance as boring, technical, stuffy, strictly for experts, in fact anything except fun. These are people who work hard for their money without ever realising that their money can work hard for them.

It is slowly dawning on a whole generation of people that they will have to make some sort of provision for their old age rather than just rely on the state pension or any occupational pensions they have. The equities market is where good returns can be made, and it is my strong belief that Investment Clubs are an ideal entry point into the stockmarket for the novice who has limited capital, and who wishes to find out more.

When I started my first club, no-one had any experience whatsoever. Now, out of the 20 members, there are at least 13 who have dipped their toes into the stockmarket ocean for themselves. That's 13 more people taking control over their financial future.

Whether you are in a club, thinking of joining or starting a club, or even thinking "What's an Investment Club?" this book is a must read.

But then I'm the author, so I would say that wouldn't I?

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Most Helpful Customer Reviews

4 of 4 people found the following review helpful

Short but Excellent 16 July 2000

By A Customer

Format:Paperback

Good overview and introduction, but not informative enough to actually start a club.

I run an investment club at work and where this book really came into its own was in explaining to members how the club would run and what the rules are, including an overview of tax rules.

While it is very small, just an overgrown pamplet really, it will be useful to you if you are thinking about starting an investment club and need to know the basics or you have started one and need to explain how it works.

Useful references to other resources to get you going once you have made the decision to continue.

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3 of 3 people found the following review helpful

Pure inspiration ! 14 Jan 2000

Two weeks ago I knew next to nothing about investment clubs. Then I read about them on the internet, then I bought this book, then I read this book... What an inspiration !

I am now in the initial stages of setting up an investment club, and I can't wait to get started. This book is informative, well-written and humorous and (for me at least) was pitched at just the right level. It removes so much of the mystique surrounding the world of stocks and shares. It won't tell you everything you need to know before setting up a club - but does tell you enough to whet your appetite and gives sound pointers as to where more detailed information may be found.

Highly recommended.

2 of 2 people found the following review helpful

Informative, concise and a bargain into the price 3 Jun 2001

By fintan.jordan@nireland.com

Thanks to all the other reviewers of this book, who made up my mind to purchase it in the first place. I'm in the early stages of setting up a new investmet club in N.Ireland, and the book has been inspiring, and a wealth of info for the other would-be investers in the club. It explains almost everything in straight forward english, and to the point, so no-one is left in any doubt of what to expect from their investment.