Investment clubs have been around for decades and tens of thousands of them exist in America today. They've grown in popularity in recent years, partly due to the best-selling books by the Beardstown Ladies. Members of investment clubs, often groups of friends or co-workers, typically meet once a month to discuss companies and make decisions about which stocks to buy and sell. At meetings they each contribute a small sum of money that is deposited into a joint account. Members take turns researching and reporting on promising companies in which they might invest or companies in which the club is already invested.
Investment clubs are particularly easy for college students to organize.
Mostly, though, investment clubs are a fun way to learn.