Times are changing, but many women still choose to form all-women investment clubs. Some even say that women tend to be more able investors than men. They are more persevering, they're better at detail, and men tend to be impulsive. Male or female, investment clubbing isn't for everyone. You have to set up a legal partnership, get a taxpayer's ID number, keep track of bookkeeping.
People have to be willing to put in some time.
It's hard-core learning. And the conservative, long-term approach to investing encouraged by NAIC and embraced by most investment clubs won't suit everyone. Stocks are not as reliable as certificates of deposit, bonds or money market funds since their values fluctuate depending on many factors. You have to be in it for the long term. And you have to figure in the cost of capital gains taxes that will be due when an investment is sold.