That's fair enough. We don't know what caveats they are giving here. Could be they say this should be a small part of your portfolio. I don't get that vibe from the site, but who knows. I'd be concerned if they were saying your entire live savings can be trusted to this "market-beating" method. i'm sure the group can be a nice group of people. You could also have the same nice group of people learning the Boglehead tenets of low-cost passive index investing instead.I get it … one doesn’t know what one doesn’t know … many of the clubs have been around for decades own 20-40 stocks and it may be 5% of one’s portfolio or could be more. Look thru one stock selection guide and it will be an eye opening experience. I was a treasurer of a club for a few years. Great group of people and great org to spread knowledge about the stock market. Tough to get a feel of the org by reading a website but investing in individual stocks with any small portion of their portfolio isn’t for everyone. If one is going to do it betterinvesting.org is a good place to learn.Ah, so not a money making scheme. I digress. Still, the claims from this non-profit are extremely flawed and I can see this doing much harm. I can imagine older retirees that don't know any better betting their live savings on individual stocks using their methodology:its a non profit educational org that helps investment clubs ... a great way to learn about how one might value stocks ... check it out if interested.Anyone offering you investment advice on individual stock picking and charging you for it is making the money, not you.
"We spend most of our energy on principle No. 3. It starts with looking for companies to invest in, verifying company quality, and determining a fair price to pay for the company's stock. We do this using the Stock Selection Guide (SSG)."
It would be like a non-profit club showing you how to be profitable at a Vegas casino. Not useful and probably harmful. Here's a picture of one of their meetings. Looks like probably a lot of retirees. I don't like it when old people get taken advantage of and I see it all the time. Not for taking their money in this case but being presented excessively bad info that at best, is extremely counter-productive.
Statistics: Posted by TimeIsYourFriend — Wed Feb 07, 2024 12:10 pm — Replies 34 — Views 3636