Starting and Running a Profitable Investment Club: The Official Guide from the National Association of Investment Clubs

This book will give new clubs information on reading annual reports, preparing and using N.A.I.C. tools such as the Stock Selection Guide and more. This is the Investment Club Bible.

The strength of this book is that it's quite easy to read. The book is a great resource for beginning investors who are interested in forming an investment club. It can make for a great present to each member of your family. My brother got me this book as a present, and I finished it in a night; the following morning, we had devised a way to start a family investment club. I find myself contantly referring back to this book, especially the Apendices; the Glossary provided is rich with terms every investor needs to know--if you don't know the lingo, how do you expect to make any money?

This is a must read for anyone wanting to start an investment club or who is thinking of joining an existing club. While some portions of the book, at first, may be a bit overwhelming for a new investor, it all comes together easily and clearly. The questions to ask potential members, brokers, and others all help to insure that if your club is not succesful, it will be because of the market's performace and not your structure.

Everything you need to know about investment clubs. You don't need to be part of a club to profit from this book. The one down side is that the writing style can be heavy going at times. The authors know their choosen field but the worked examples could have been better layed out. The book is full of tips and tools for the would-be investor. This book is the current standard when it comes to this subject.

As the book's subtitle suggests, this is the pre-eminent tome for individuals looking to start their own investment club. From finding prospective club members, to drafting a partnership agreement, to selecting stocks for study and purchase, The Official Guide is a very-nearly complete source of investment club information. One of the few shortcomings of the book is its failure to cover the computer tools available for investment club operations, given that software and online information sources are quickly becoming an essential part of every investor's toolbox. Going beyond the formation of clubs, though, The Official Guide also provides detailed instructions on using NAIC's tools for smart investing. These include the Stock Selection Guide, a relatively-simple two-sided paper form that NAIC developed to help individuals study stocks for potential purchase. The book also covers NAIC's investing philosophy, portfolio management and cursory balance sheet analysis. In short, The Official Guide is probably a good addition to any investor's bookshelf, whether a member of an investment club or not.