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Re: [blackbiz-233] Lets start an Onyx Black Community Investment Club

From: Mike M.
Sent on: Tuesday, March 25, 2008 4:51 PM
Nika, This sounds like a great idea for a group!
There is a stock market (Meetup) strategy group meeting tomorrow (Wed) in 
Walnut Creek that I am attending. I'll bring any of the tips and strategies 
to an upcoming meeting if we form a club.

Mike Marshall

----- Original Message ----- 
From: "Nika" <[address removed]>
To: <[address removed]>
Sent: Tuesday, March 25,[masked]:30 AM
Subject: [blackbiz-233] Lets start an Onyx Black Community Investment Club


> 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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>
> --
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> This message was sent by Nika ([address removed]) from Onyx (Bay Area Black 
> Professionals).
> To learn more about Nika, visit his/her member profile: 
> http://blackbiz.m...­
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