 |
| Executives of GrowWealth Investment Club |
To clear any air of doubt on the investment club
we formed, I share with you what investment clubs are and how it
started. I believe the brief history will amaze you just as it did me.
Investment as we know it today really
took off in America around 18 years ago when a group of ordinary women decided
they wanted to learn about investing. They called their group the Beardstown
Ladies Club after their home town in Illinois. With no prior knowledge of the
stock market they set about learning how to invest, and decided each member
would contribute $25 a month to their investment fund.
Over 10 years, their investment
portfolio averaged a return of 23%, better that twice the performance of the
Standard and Poors 500 Index (A measure of 500 of America’s top companies’
share price) over the same period.
Today in all over the world
investment clubs are growing at a steady rate as people learn the benefits of
being part of this wonderful movement.
What is more exciting is that The
World Federation of Investment Clubs (TWFIC), formed in early 1960s, holds
conferences every two years, where members from all over the world meet and
exchange investment information.
The Beardstown Ladies started with a
simple philosophy: they wanted to LEARN, they wanted to have FUN, and of course
they wanted to make some MONEY.
They succeeded in all counts.
Here in PNG, GrowWealth Investment
club is the first of its kind to be started by a group of young investors.
Their aim is to Learn, Have Fun and
Make Money.
The club is growing from strength to strength
and we have more good stories to tell.
No comments:
Post a Comment