[Req] Investment Club Feedback

FrCrilly

Hi All,

I’m interested in doing a share buying course, either through “The Investment Club Network”, “Invest Like the Best” or some other club that you may recommend. My understanding of these clubs is that they teach you how to invest like people with serious inside knowledge of the stock market and not like gullible Joe Soaps who believe everything they read in the papers.

I understand the courses involved cost a bit of money and would appreciate if people who have joined these clubs could give me some feedback on their experiences so far. I work as an Actuary, so feedback on the more advanced mathematical courses will be particularly welcome.

Thanks In Advance

Sonnenblumen

FrCrilly wrote:

Hi All,

I’m interested in doing a share buying course, either through “The Investment Club Network”, “Invest Like the Best” or some other club that you may recommend. My understanding of these clubs is that they teach you how to invest like people with serious inside knowledge of the stock market and not like gullible Joe Soaps who believe everything they read in the papers.

I understand the courses involved cost a bit of money and would appreciate if people who have joined these clubs could give me some feedback on their experiences so far. I work as an Actuary, so feedback on the more advanced mathematical courses will be particularly welcome.

Thanks In Advance

Paying a fee doesn't necessarily mean you'll get better or even 'professional' advice. That said you might be luckier than the the Joe Soap newspaper columns. IMO there are no certainties other than stocks rise and fall, and timing on getting in or out is critical to returns. At the end of the day it comes down to investors 'risk profile' and you're best to determine what this is but a pro will happily assist you. Research appears to be very important.

I recently attended a Investment Club 'Workshop' at a Dublin hotel. Crude and sloppy and didn't like the upfront cost structures for sideshows (Seminars) before you started to get down to the business of stock selection etc. There were lots of people in attendance and many were willing to pay €750 fee for a half day 'intro' seminar. Sales pitch was terrible, but no shortage of Joes to pay. The 'get me rich fast' attendee was very evident.

RainyDay

FrCrilly wrote:

I’m interested in doing a share buying course, either through “The Investment Club Network”, “Invest Like the Best” or some other club that you may recommend. My understanding of these clubs is that they teach you how to invest like people with serious inside knowledge of the stock market and not like gullible Joe Soaps who believe everything they read in the papers.

Have you seen any independent evidence that these 'experts' can consistently beat the market indices in the long term?

dunkamania

FrCrilly wrote:

My understanding of these clubs is that they teach you how to invest like people with serious inside knowledge of the stock market and not like gullible Joe Soaps who believe everything they read in the papers.

I recently attended a meeting
There investment strategy is crude and risky
There courses are expensive,and will not give you an edge over the market

Sonderval

If your interested in learning investing, the best course of action is to practice Not with real cash (unless you want to), but track stocks that interest you and use online tools (for example, google finance has a virtual portfolio section) to buy into these stocks with virtual shares. Then track the performance over a period. Once your comfortable with how things are progressing, then it is perhaps time to put your chips on the table. There is also tonnes of valuable information available on the net about getting into investing as well as many useful tools for technical and fundamental analysis.

I also highly advise reading up on the psychology of investors, so you can see the pitfalls that the majority of traders fall into. Also, talking to other investors online is fine and useful, but base all your share deals on your own interpretation of the stock. Listening to shills on various message boards will lead to ruin!

FrCrilly

Thanks for all responses.

I’m seeking a course not to get rich quick, but to learn about the stockmarket and so devise my own unique strategy, in the hope it will make me money. I do have textbook knowledge but have no real experience in share dealing, apart from the “Eany, Meany, Miney,Mo” approach. I’m looking for a course just to get me started in properly researched trading, so I can develop my own unique approach. Bearing this in mind, can anyone recommend a course, either a seminar or a home course, that could allow me to do this?

hmmm

Everyone thinks they can beat the market, but very few can (less than 1% of professionals even). First step I'd say is to at a minimum make the market return - I'd suggest getting your hands on Malkiels book "A Random walk down wall street" - it's US orientated, but most of it is relevant. It will also introduce the terminology (value investing, technical analysis) and debunk some of the ****e that you will hear (ref technical analysis again).