We discussed the merits of paying for a membership with the National Association of Investment Clubs (NAIC). The membership costs $80/year and would associate us with a nationally recognized not for profit organization. We would gain access to online stock and mutual fund analysis tools, full-time access to S&P stock and Lipper mutual fund data services, subscription to the betterinvesting magazine, member discounts on NAIC services and much more.
I am optimistic about the benefits of such a membership because we used their book as a guide for establishing our club and I thought it was very useful. Also as Paulette pointed out it could be a portal to make the information gathering part of stock research more centralized and convenient. However I would like for each Partner to attempt as stock selection guide prior to trying out the membership so that we can more accurately gauge the benefit of becoming a member. Paulette, Scott, and myself will complete a guide prior to our December meeting and we will ask that the remaining Partners prepare a guide for the January meeting.
Please add any comments about the benefits of a NAIC membership because an important piece of a successful club will be managing operational expenses.
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