Black Money Business Jobs : Black Investment Clubs

Full Speed

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Sep 7, 2009
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I am interested in a Black Investment Club/group. Does anyone have any experience with these or know of one they would recommend?

I like what Sheryl Ridley-Dorsey is doing here with the children. I think that is an excellent idea.

http://www.blackstreetinvestmentclub.org/

BLACKSTREETBOARDMEETING_007_(2).jpg
 
I too do a lot of investing in stocks and bonds /mutual funds
I too would love to get into a investment club .

I did, on two seperate occassions, purchase individual stocks which turned out to be a bad decision. (ok, "incredibly stupid" would be a more accurate assessment) I have stuck to mutual funds since that time. I want to be smarter about individual stocks than before when I simply purchased based on the "hot tip" recommendation of a stock broker who cold called my business saying he wanted to "impress me with this hot tip" so that I would do all of my future investing with him. (Yes, it is embarrassing to admit that I fell for that) The first time I purchased $5,000 of a stock for a start up shopping network that failed. When I sold the stock the value of my stock had dropped to less than $1000.

I had a friend of mine a long time ago that was trying to start a Black investment club. I had my children attend a couple of his meetings and he seemed to be a successful investor and a good teacher. He was in the military at the time and was reassigned so the group never got off the ground.

I want to approach investing in a much more methodical manner and make informed investing decisions. I learn more in group settings. I am reading this book now and it is extremely informative, but I also want to learn from other more experienced investors and share research on companies as potential investment opportunities. What is your investment experience level? Have you loss? gained? broke even? How did you learn about investing?
 
I did, on two seperate occassions, purchase individual stocks which turned out to be a bad decision. (ok, "incredibly stupid" would be a more accurate assessment) I have stuck to mutual funds since that time. I want to be smarter about individual stocks than before when I simply purchased based on the "hot tip" recommendation of a stock broker who cold called my business saying he wanted to "impress me with this hot tip" so that I would do all of my future investing with him. (Yes, it is embarrassing to admit that I fell for that) The first time I purchased $5,000 of a stock for a start up shopping network that failed. When I sold the stock the value of my stock had dropped to less than $1000.

I had a friend of mine a long time ago that was trying to start a Black investment club. I had my children attend a couple of his meetings and he seemed to be a successful investor and a good teacher. He was in the military at the time and was reassigned so the group never got off the ground.

I want to approach investing in a much more methodical manner and make informed investing decisions. I learn more in group settings. I am reading this book now and it is extremely informative, but I also want to learn from other more experienced investors and share research on companies as potential investment opportunities. What is your investment experience level? Have you loss? gained? broke even? How did you learn about investing?

If you really want to get good at picking individual stocks, use the same methodology as Warren Buffet: Value Investing.

Even though this methodology has outperformed all others by a wide margin, I'll admit it is boring. But it's also less risky.

Here's how it works: Value Investing is about buying a stock at a discount to it's intrinsic value. Intrinsic Value(IV) is what a stock is really worth.

For example, If WB runs the numbers and calculates a stock's IV to be $100 per share, he'll usually wait until the market price(the price you get from a broker or on the computer screen from an online brokerage) is selling somewhere near the $50 range or less.

Also, assuming that you follow this method, when your stock tanks in price(not value) during tough economic times, you have to realize that is an opportunity to buy more stock at a steeper discount.

In order for your calculations to come out right, you'll have to have a set growth rate. Mines is 15%. At that rate, my money doubles every 5 years(too bad I've only been investing for a year and a half).

The method WB uses to determine the IV is called Discounted Cash Flow(DCF). In the DCF method, IV is called Net Present Value.

DCF is a calculus-level problem.If you're not a math wiz and want to understand the method in plain spoken English and line-by-line format, pick up a copy of What Are Stocks Really Worth? by John Malloy.
 

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