Where they fail is after the market is off for six or eight months. He has plenty of experience with that. His club kept investing every single month. You are buying individual companies. When the stock market stumbles, novice investors agonize over what to do.
Longtime investors have a different reaction.
Patience pays off. Jo Price joined to glean insight into the stock market. Lucy Smith, Lawrence, joined Dow Janes six years ago to learn more about investing while enjoying the company of friends. Sally Davis wanted another way to keep up with current events. Betty Alderson signed up for educational reasons.