Investment clubs outperform the experts.

Black Enterprise | June 1, 1992| | Copyright

Federick C. Russell gave birth to the modern investment club movement in Detroit in 1940. Unable to find a job and desiring to buy a small business, the recent college graduate formed the Mutual Investment Club as the vehicle for accumlating capital. The club had three objectives" invest every month, reinvest all dividends and buy growth companies.

More than fifty years later, the Mutual Investment Club is still active. Membership has grwon from six people to 22 (although only 15 continue to invest regularly). The group has invested a total of $220,000, from ...

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