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Financial Literacy: Starting Your Stock Investment Program, Part 4


Financial Literacy:  Starting Your Stock Investment Program, Part 4

by Captain Bob Houle, USCG (retired)

Part 4 of this series is premised on our readiness, willingness, and ability to create, maintain and continuously improve your own self-directed stock investment program. So, how do we start?

Two ways: through individual self-study program or by joining an investment club.  Self-study takes time, is a lot of work, and is fraught with failure opportunities. In an investment club, we join with a group of other like-minded people who meet to pool their money, share their stock research and decide, together, how to invest their pooled money.  Membership in an investment club exposes us right away to the diverse experiences and opinions of others, and provides us an opportunity to benefit from the club’s education programs and individual coaching from other club members, 

Our chapter’s partnership with the local North Florida Chapter (NFC) of BetterInvesting™ (BI) provides us with a convenient gateway to the investment club experience.  As a 503(c)(3) non-profit, BI’s mission is to teach people like us how to become successful, strategic, long-term stock investors.  BI motivates us to become invested in the process of making our own informed financial decisions and provides us access to the research and investment tools we need to be successful investors.

Investment clubs are learning laboratories.  Of course, the goal is to accumulate wealth to achieve our long-term financial goals by using the power of compounding to achieve future financial success. But remember, building investment knowledge and experience is the ultimate key to long-term investment success for our club and us. By learning the BI stock selection methodology and how to apply it using the BI’s online stock selection tools, you will be on the path to creating and managing a profitable stock portfolio.

Future articles in this series will delve into the topic more deeply; in the meantime, here’s where you can start your own investment club research. You can visit NFC’s live, online model investment club meetings on the first Monday of each month at 7:30 pm ET, just register here.

Don’t procrastinate.  It is time for all of us to act and help others become financially secure and independent. Never Stop Serving!

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