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| The Great World of Investment Clubs | |
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| What's All This Talk About Investment Clubs? | |
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| Exactly What Is an Investment Club? | |
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| Club Expectations | |
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| Club Dynamics and Personality | |
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| Investment Club History 101 | |
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| Back in the Day | |
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| The Membership Surge | |
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| Why Do People Love Investment Clubs? | |
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| Safety in Numbers | |
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| Painless to the Pocketbook | |
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| Knowledge Builds Confidence | |
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| Not Everybody Thinks They're Great | |
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| Who's Joining Investment Clubs? | |
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| Who's Forming Investment Clubs? | |
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| Some Successful Clubs and What They've Done | |
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| Internet Clubs | |
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| The Aloha Investors | |
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| The Young Fah Investment Group | |
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| The Black Monday Investment Group | |
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| The Neighborhood Investment Club | |
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| The Investment Analysis Group at Stern | |
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| The Mutual Investment Club of Detroit | |
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| The Beardstown Ladies' Investment Club | |
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| The Moore Money Club | |
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| The Fresh Start Investment Club | |
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| The Ten Thousand Club | |
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| The National Association of Investors Corporation | |
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| Online Investment Clubs--the Wave of the Future? | |
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| What Are Online Clubs? | |
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| How Many Online Clubs Are out There? | |
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| Comparing Online Clubs to the Old-Fashioned Kind | |
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| Are Online Clubs Better? | |
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| Or Are Online Clubs Not as Good? | |
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| Where to Find Online Clubs | |
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| Choosing an Online Club That Makes Sense for You | |
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| Starting an Online Club | |
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| Watching Out for Tricky Situations Online | |
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| Deciding If an Investment Club Is Right for You | |
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| Where You Stand Financially | |
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| Get Control of Your Situation | |
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| Get Control of Your Credit Cards | |
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| Get Control of Your Expenses | |
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| Where You're Heading Financially | |
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| 401(k) Plans | |
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| Mutual Funds | |
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| Money Markets | |
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| Certificates of Deposit | |
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| Consider Everything | |
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| Advantages of Joining a Club | |
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| It's Affordable | |
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| It's Educational | |
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| It's Structured | |
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| It's Fun | |
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| Disadvantages of Joining a Club | |
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| It Requires a Commitment | |
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| It'll Take Some Time | |
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| Yes or No? | |
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| Join the Club or Start Your Own? | |
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| Joining Up | |
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| Some Good Things | |
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| Some Not-So-Good Things | |
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| Finding a Club to Join | |
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| Start Networking | |
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| Put the Word Out | |
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| Starting from Scratch | |
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| Some Good Things | |
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| Some Not-So-Good Things | |
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| Making Your Decision | |
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| The Basics of Starting a Club | |
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| Bringing Club Members on Board | |
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| Choosing and Finding Members | |
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| Family Clubs | |
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| Friends | |
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| Women Investors | |
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| Co-Workers | |
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| Special-Interest Groups | |
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| How Many People Should You Ask to Join? | |
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| Don't Assume Everyone Has Money to Invest | |
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| Minimizing a Clash of the Titans | |
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| Tuning In to Different Investment Philosophies | |
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| High-Risk Investors | |
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| Moderate-Risk Investors | |
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| Conservative Investors | |
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| Keeping an Eye Out for Slackers | |
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| Setting Expectations | |
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| Schedule a Get-Acquainted Meeting | |
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| Encourage Everyone to Participate | |
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| RSVP, Please | |
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| Getting Your Investment Club off to a Good Start | |
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| What's in a Name? | |
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| Where and When to Meet? | |
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| Building a Firm Foundation | |
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| Setting Goals | |
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| Establishing Guidelines | |
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| Anticipating Problems | |
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| Electing Officers | |
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| Keeping It Fun | |
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| Establishing Operating Rules | |
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| Choosing a Legal Structure for Your Club | |
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| Partnerships | |
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| A Taxing Situation | |
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| Setup and Maintenance | |
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| Sign on the Dotted Line | |
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| Corporations | |
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| Who's Liable? | |
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| Types of Corporations | |
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| Keeping It Legal | |
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| Choosing a Bank | |
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| Commercial Banks | |
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| Thrifts | |
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| Credit Unions | |
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| Online Accounts | |
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| Choosing an Account | |
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| What to Include in Your Operating Agreement | |
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| A Sample Partnership Agreement | |
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| Looking for Outside Help | |
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| Lawyers | |
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| Accountants | |
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| Ensuring That the Club Runs Smoothly | |
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| Conducting Your Monthly Meetings | |
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| Regular Attendance | |
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| Increase Attendance | |
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| Mandatory Meeting Minders | |
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| Remembering to Keep It Fun | |
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| Making Sure Members Remain Enthused | |
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| Dealing with Disagreements | |
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| Affiliating Your Club with the NAIC | |
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| Using Sound Advice from Successful Clubs | |
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| Details, Details | |
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| Keeping Records the Right Way | |
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| Understanding the Importance of Good Record Keeping | |
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| Having a Good System Will Benefit Your Club | |
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| A Poor System Causes All Kinds of Problems | |
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| How Much Record Keeping Is Required? | |
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| Club Minutes | |
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| Financial Records | |
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| Resources Available to Help with Record Keeping | |
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| Choosing the Right Person--or People--for the Job | |
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| Keeping Everyone Involved in Record Keeping | |
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| Exactly How Does an Investment Club Operate? | |
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| Determining an Initial Investment | |
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| Operating Expenses | |
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| Let's Get Serious | |
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| Financial Commitments | |
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| Determining a Monthly Investment | |
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| The Average Investment | |
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| What's Right for Your Club | |
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| Finding That $50 | |
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| Equal Contributions--or Not? | |
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| Understanding Club Ownership | |
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| How Can You Have More? | |
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| What If Somebody Leaves? | |
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| Can You Own Too Much? | |
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| Who Gets the Profits? | |
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| A Taxing Topic | |
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| Getting Your Club a Tax ID Number | |
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| Tax Reporting | |
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| Partnership Taxation | |
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| Filing a Return for Your Club | |
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| To File or Not To File | |
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| Filing for Each Member | |
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| Exactly What Can You Be Taxed On? | |
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| Tax Consequences of Short-Term and Long-Term Capital Gains | |
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| Getting Professional Help with the Club's Tax Needs | |
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| Going with a Broker--or Not | |
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| Just What Do Brokers Do? | |
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| Deciding Whether Your Club Needs a Broker or Not | |
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| Full-Service or Discount? | |
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| Full-Service Brokers | |
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| Discount Brokers | |
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| Getting the Best Deal (and Broker) for Your Club | |
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| Not All Brokers Are Created Equal | |
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| It's Time to Do Some Homework | |
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| Understanding the Stock Market Before You Jump In | |
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| What Does It Mean to Make an Investment? | |
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| Why Does a Company Offer Its Stock for Sale? | |
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| What Exactly Is the Stock Market? | |
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| Performance Evaluation | |
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| Comparing Indices | |
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| The Many Flavors of Stock | |
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| And Then There's the Bond Market | |
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| Understanding Stock Market Risks | |
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| Safe, but Not Exciting | |
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| Exciting, but Just How Safe? | |
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| Considering Mutual Funds as Investments for Your Club | |
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| What Are Mutual Funds and How Do They Work? | |
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| Know What You Are Purchasing | |
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| Different Types of Mutual Funds | |
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| Choosing a Load or No-Load Fund | |
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| No-Load Funds | |
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| Load Funds | |
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| Different Kinds of Load Funds | |
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| Front-End Load Funds | |
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| Deferred Sales Charge Funds | |
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| Back-End Load Funds | |
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| Open-End Mutual Funds | |
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| Closed-End Mutual Funds | |
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| How Mutual Funds Can Be Beneficial to Investment Clubs | |
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| International Exposure | |
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| Diversification | |
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| Finding and Buying the Funds You Want to Be In | |
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| Some Mutual Funds to Consider | |
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| Targeting Companies from Which to Buy Stock | |
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| What Kind of Companies Should You Look For? | |
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| Understand the Company's Product or Service | |
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| Where Do You Start? | |
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| Don't Forget to Diversify | |
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| Know the Risks | |
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| Limit Your Exposure | |
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| Targeting Growth Industries and the Companies in Them | |
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| How to Find Them | |
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| Growth Industries for 2000 and Beyond | |
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| Checking Out the Stocks You Targeted | |
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| Using Annual Reports to Evaluate Companies | |
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| Understanding Liquidity | |
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| Understanding Leverage | |
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| Understanding Profitability | |
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| Understanding Performance | |
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| Other Methods to Check Things Out | |
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| Buying Stock--the Cornerstone of an Investment Club | |
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| Knowing What To Buy--and What Not To Buy | |
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| Not All Stock Is Created Equal | |
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| The Basics of Buying Stocks | |
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| Understanding Fundamental Analysis | |
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| Industry Analysis | |
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| Using Your Computer to Help You Choose Stock | |
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| Being Socially Responsible When Buying Stock | |
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| It's Everyone's Business | |
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| Keeping Track of Your Investments | |
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| Watching out for What You've Got | |
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| Investments Don't Always Take Care of Themselves, You Know | |
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| Keeping Track of Your Investments | |
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| Reading the Stock Reports | |
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| Other Methods of Keeping Up | |
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| Using the Internet to Track Your Stocks | |
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| Knowing About Market Timing | |
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| Keeping an Eye on Cycles | |
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| Indicators for Financial Health | |
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| To Have and to Hold | |
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| Advantages of Keeping Stocks Long Term | |
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| Desperately Seeking Dividends | |
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| What Are Dividends? | |
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| How Do Dividends Affect a Company's Stock? | |
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| Reinvesting Dividends | |
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| Dividend Reinvestment Plans | |
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| How DRPs Work | |
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| Why DRPs Work | |
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| Caution Signs for Dividend Reinvestment Plans | |
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| Finding the Companies That Pay Dividends | |
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| It's Trading Time | |
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| What Does It Mean to Trade a Stock? | |
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| The Pros and Cons of Trading | |
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| How Do You Trade Stock? | |
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| Market Orders | |
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| Good-Til-Cancelled Orders | |
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| Stop-Loss Order | |
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| Getting Input from All Club Members Before a Trade | |
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| Recognizing When the Time Is Right to Trade | |
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| Know When to Walk Away | |
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| Don't Be in a Big Hurry to Bail Out | |
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| Reasons to Get Rid of an Investment | |
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| Your Stock Turns Out to Be a Big Loser | |
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| You Think Your Stock Is as High as It's Going to Go | |
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| Bad Reasons to Sell Your Stock | |
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| Perils of Getting Emotionally Involved with a Stock | |
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| To Trade or Not To Trade | |
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| Keeping Club Members Invested | |
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| Everyone Should Be Responsible for Tracking Investments | |
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| The Name of the Game Is Teamwork | |
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| Beware the Bully Syndrome | |
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| Making Sure You're Not Too Polite | |
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| Remembering That You Won't Always Be a Winner | |
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| Agreeing to Disagree | |
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| Not Taking It Personally | |
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| Keeping Everyone Involved with the Club | |
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| The Evolution and Life Span of Your Investment Club | |
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| How're You All Doing by Now? | |
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| Evaluating the Health of Your Investment Club | |
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| Is Everybody Happy? | |
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| Are You Having Fun Yet? | |
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| Looking at Your Members' Expectations | |
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| Are They Too High? | |
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| Are They Too Low? | |
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| Remembering What Your Club Is All About | |
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| Preventing Disasters from Derailing Your Club | |
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| Knowing When You Need Some Help | |
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| The Ebbs and Flows of an Investment Club | |
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| Remember That Nothing Stays the Same | |
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| Changes in Membership | |
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| Adding New Members | |
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| When Members Leave the Group | |
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| Dealing with Shifting Group Dynamics | |
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| Changing of the Guard | |
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| How Often Should You Elect New Officers? | |
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| Identifying the Best Candidates | |
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| How's Your Hired Help Working Out? | |
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| What Happens If Your Club's Not Working? | |
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| Failure Isn't a Dirty Word | |
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| Dealing with Solvable Problems | |
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| Clashing Investment Philosophies | |
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| Personality Conflicts | |
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| Loss of Interest | |
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| Recognizing Problems That Can't Be Solved | |
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| Having the Courage to Disband the Club | |
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| Legal Aspects of Disbanding | |
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| Emotional Aspects of Disbanding | |
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| There Are Worse Things in Life | |
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| Using the Experience to Start Another Club | |
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| Appendixes | |
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| Glossary | |
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| Resources | |
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| Index | |