Scores are assigned to each of these data elements and then an overall score is calculated. This gives us a way to measure one stock against another. All partners are encouraged to do ongoing research and can propose a stock for consideration at any time. We usually track about two dozen stocks at a time this way, as well as the stocks we currently own. We all feel that this is an ongoing and a lifelong learning process.
Much lively debate precedes the voting for purchase of stocks.
It's important to agree up-front about the general philosophy of an investment club. These stocks may be fun to track, but may not serve us well in the long run. We strive, through our selection process, to select stocks that will not only be exciting to watch in the short term, but are valuable additions to our long-term growth strategy. This web page is intended for use as an educational tool and for entertainment only. Any opinions expressed are those of the author and not necessarily the consensus of the members of the RICH Investment Club.