The Nugget Investment Group|
School: Northwestern U.
Getting Started: In 1997, a group of Northwestern students formed the club to learn about money and how to make more of it.
Club perks: "You can buy a lot more stocks than you could on your own because you can pool more money together," says club member Jason Waugh, a junior.
Money talks: The group has made an impressive 25-percent annual return on their investment.
Picking stocks: Students research stocks and vote on which ones to buy or sell, then do their trading online through E*trade (www.etrade.com).
Hot stocks: Microsoft, Coke, Disney and "products you use on an everyday basis."
6 Tips on Starting an Investment Club|
Wanna start your own investing club? Selena Maranjian of The Motley Fool outlines some tips for starting your own club in her book, Investment Clubs: How to Start and Run on the Motley Fool Way.
1. Talk to friends and students to generate interest; find out who's fired up about investing
2. Look for students with a variety of interests. "They'll bring a different perspective," Maranjian says. "Pre-med students might help the group study pharmaceutical companies, while business students might be well-versed in the retail industry."
3. Present students with information and forms. You can obtain these from The Motley Fool's Web site, the NAIC's site, or from Peter Lynch's books, Learn to Earn: A Beginners Guide to the Basics of Investing and Business and Beating the Street
4. Hold a preliminary meeting to gauge member commitment.
5. Divide the work so each club member researches different topics.
6. Hold off investing together right away. "Since the collecting and record-keeping can get complicated, try starting a club that meets, learns together, researches and discusses companies together but stops short of actually pooling money."