Perhaps a less experienced club member could be responsible for making copies of Value Line reports of the club's stocks before each meeting, for instance. The SSG, as its known, is NAIC's primary tool for making investing decisions. The two-page paper form looks intimidating at first, allows Herb, but with practice can be a decisive tool in analyzing a company's future growth prospects and current value. And, Herb hastens to add, NAIC does produce software that can greatly simplify the task. NAIC's Low Cost Plan is a great way to get started investing in stocks without a lot of money.
Many clubs sit around for a year or longer and never make any investments.
As you follow your initial purchases, you'll surely learn a thing or too, even if some of your early purchases turn out to be mistakes. Douglas Gerlach is the founder of Investorama. By using this site, you agree to our Terms of Service . Your privacy is important to us. For information, please read our Privacy Policy .