Investment clubs provide a consistent venue for doing just that.
They meet monthly to review their existing portfolio and to discuss stocks they may want to buy or sell. Meetings often feature an educational speaker, since the primary goal of many clubs is to educate their members. When a club has enough money in the pot and a promising stock at an acceptable price, it votes on whether to buy it. Natalie Johnson, treasurer of the Godiva Investment Group in Mountain View, Calif., says her monthly club meeting provides needed structure. I wanted to learn how to pick stocks and track them, but I didn't have the discipline to learn on my own.