Self-directed investment clubs
Encyclopedia
A self-directed investment club is a type of investment club
in which members do not make financial contributions, but rather meet on a regular or informal basis to share stock tips and advice, and then invest in their individual portfolios, not in a common club portfolio (as is more typical of investment clubs). The phrase was coined by financial author and investment club expert Douglas Gerlach in Investment Clubs for Dummies (Hungry Minds, 2001).
Investment club
An investment club is a group of individuals who meet on a regular basis for the purpose of pooling money and retail investing. The invested sums can be $30 to $100 per month. For certain type of club pooling money is not mandatory...
in which members do not make financial contributions, but rather meet on a regular or informal basis to share stock tips and advice, and then invest in their individual portfolios, not in a common club portfolio (as is more typical of investment clubs). The phrase was coined by financial author and investment club expert Douglas Gerlach in Investment Clubs for Dummies (Hungry Minds, 2001).