Lets start an Onyx Black Community Investment Club

From: Nika
Sent on: Tuesday, March 25, 2008 9:30 AM
Good morning all my Onyx people,

I'd first like to invite all of the
big-stupendous-grega­rious-over-the-top fools to join
me April 1st to discuss starting an Investment Club.
Yes I said fools, and  no, I'm not talking about you
April Fool's folks, I'm talking about the Motley Fool
types (www.fool.com --an investment website). I'm
talking to those who are looking for a balanced
financial diet of, spend a little money for a weekend
in Tahoe, then spend a little money a month on
themselves for the future, fools. That's who I'm
talking to.

All joking aside, I'm putting things together for an
informational gathering next Tuesday, April 1, 2008
about setting up an Investment Club. I'm thinking this
would be a great opportunity to learn together how to
invest and build wealth
(http://books.goog...­). The
secret is compounding and time, to be more specific
maximizing the power of compounding interest.

(search "power of compound interest" on Google (or his
oft neglected brother Yahoo) to find several examples
or check out the motley fools take at
http://www.fool.c...­)

So the moral is, if you're in your early to
mid-twenties it's very much to your advantage to join
the investment club. If you're in your mid to late
twenties, --eh you really, really should *think* about
joining. And if you're *anywhere* in your thirties
then, well I should see you there on Tuesday!
(http://www.ahaano...­)
This is all assuming that you haven't done any
investing (uhm, like me), If you have done some
investing then GREAT! You should still join up and
help the less fortunate out, and if this is what you
do for a living, then heck, well, this is a great
opportunity to join and impart some knowledge from
solid experience... or sit back at watch us take a few
knocks (but let us know when to throw the towel in,
will you!)

And for those in the, "I put my money in my company
401k and, forgetaboutit," camp --well,  there may be
some investing knowledge that can be applied to even
401ks, as well as some advantages in investing outside
of the company 401k (check:
http://mutualfund...­
for a few tidbits). Besides this investing stuff is
long-term, and has outlived many a company tenure and
the knowledge gained now could be mighty powerful in
the future.

Again, I'm no Investment Guru, Ninja, Wizard or word
Du Jour for the epitome of excellence, and neither
need you be. I simply think that wealth starts with
the whole, "a penny saved is a penny earned," adage
(http://www.kokogi...­) .  Thus,
knowing the game and knowing where to save the
pennies, we could possibly change that that to, "a
penny saved is a penny earned plus 5% compound
interest." That my friends is wealth.

All in all I don't think it will take too much to
start investing, from what I've read we're looking at
an estimated $20 - $30 (only 2,000 - 3,000 pennies)
minimum a month. 
(http://www.fool.c...­
somewhere in the middle). 

I understand that money used in investment comes from
the same pool as personal savings, credit card debt,
mortgages, kids and all that jazz... I don't plan on
getting into personal finance specifics, but at the
initial meeting we can talk about how to fit investing
into broad financial mixes. We'll, talk about the
goals and the structure of the club, type of possible
investments and strategies as well as educational
opportunities (like speakers or presentations).

If you've read this far then; hey thanks for reading
and I hope you're interested in joining because I
think this is a totally cool idea. I've got a
restaurant we can meet at in Mountain View that's
HUGE. It can hold the WHOLE, ENTIRE Onyx group (hint,
hint!) So have courage
(http://www.youtub...­ check out
Les' thoughts on this) and RSVP "Yes" on the calendar
and come find out more.  Oh, invite friends too,
anyone can learn with us.

(And please do not use anything I've written here
legally against me (like suing Nika Jones). There is
no GUARANTEE we will make money, although there is the
reasonable expectation we will.)

Best Regards,

Nika Jones

As I said I'm no expert so here are some sources that
I've read up on about starting an investment club,
running an investment club, and investments in
general. Check them out, and/or I'll talk about them
Tuesday.

http://www.fool.c...­
http://www.better...­
http://www.ahaano...­
[PDF] http://www.bivio....­ 
http://www.ehow.c...­
http://abcnews.go...­
http://investment...­
http://www.freemo...­
http://mindyourfi...­

Book
Starting and Running a Profitable Investment Club: The
Official Guide from The National Association of
Investors Corporation Revised and Updated (Paperback)

http://www.kokogi...­




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