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Black Money Business Jobs : Black Investment Clubs

Discussion in 'Black Money Business Jobs' started by Full Speed, Jun 7, 2010.

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    Full Speed

    Full Speed Well-Known Member MEMBER

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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/

    [​IMG]
     
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    Full Speed

    Full Speed Well-Known Member MEMBER

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    I am currently reading a book on investing in common stocks. Until now, all of my investing have been in mutual funds which for the most part have done well for me, but I am preparing to go to the next level.

    [​IMG]

    http://stockcharts.stores.yahoo.net/howtomamoins.html
     
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    $$RICH$$

    $$RICH$$ Administrator STAFF

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    I too do a lot of investing in stocks and bonds /mutual funds
    I too would love to get into a investment club .
     
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    Full Speed

    Full Speed Well-Known Member MEMBER

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    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?
     
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    Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    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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    Full Speed

    Full Speed Well-Known Member MEMBER

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    I appreciate the good info/crash course. I am becoming a student of investing and the various methodology.

    How frequently do you purchase stocks? Are you on a monthly cycle where you buy a certain amount each month or do you just buy periodically when you find that certain stock that meets your criteria? Do you do all of your transactions on line or do you work with a bricks and mortar type broker?

    I had a buddy of mine who tried day trading for a while. He lost a significant amount of money in his first few trades that basically put him out of the game. So, in light of my past losses and the losses of my buddy, I am approaching investing very cautiously.
     
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    Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    I very rarely buy stocks. There aren't many stocks that meet my strict criteria so I don't buy many. If I can find 3 - 5 stocks a year that meet my criteria, I'm in heaven. I use an online brokerage. Brokers are too expensive.
     
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    Full Speed

    Full Speed Well-Known Member MEMBER

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    My mutual funds did well because I buy every month at the same dollar amount. When the market fell, I was tempted to stop and pull out but a co-worker talked me into staying. During the time when the market was down I continued to buy at the same dollar amount. As a result, when the market came back, my mutual funds sprang back like crazy.

    Once I learn the ropes of investing and develop a track record for success, I would like to start an investment club for youth. But like I said, for the time being, I am proceeding cautiously.
     
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    Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Learn everything you can about Value Investing. It's the only way I know of that you can cautiously invest in stocks and still get out-sized returns.
     
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    $$RICH$$

    $$RICH$$ Administrator STAFF

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    I learned back in the late 70's watching my Father and how he spreaded
    his money around investing and being a share holder in all kinds of bussiness
    firms , I got my first break when i invested into the stocks of Motorola beepers
    i had 19 shares ......

    I have invested in profit sharing / mutual funds / invested in Aflac /
    i once had an investment in the washington mutural advised by my broker
    took some high risk as well low .....yes at one point when the stock bottom
    fell out i lost a great deal of money , I was pulling out / had to sale and
    make some major moves before my nest egg was drain , i took some hard hits
    but today slowly regaining .....one day we can get together on the major
    loses i took that nearly wipe me out !
     
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