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Get Support: Start a Money Club
By Judith Potwora
Author Jean Chatzky advises women to band together to learn more about investing and saving.
A money club can be a great source of support and winning portfolio ideas. Some tips:
1. Try to include women from different walks of life, such as stay-at-home moms, singles, married women, Grandmothers and so on.
2. Decide on a long-term leader or rotate leadership.
3. Gather everyone for a first meeting and brainstorm about what you want to learn. Come up with a list of topics for each monthly meeting, then have members take turns researching and leading discussions.
4. Invite experts from brokerage firms and financial planners to lead the discussion if no one in your group has adequate understanding of a certain topic.
WEB SITES
Bankrate.com
Lists latest interest rates, including mortgages and online savings accounts
NASD.com
An excellent "investor education" section with glossary of financial terms, presented by the National Association of Securities Dealers
AIE.org
Alliance for Investor Education
BetterInvesting.org
A nonprofit organization committed to teaching individuals how to become successful long-term investors. Online courses, discussion boards.
Pathtoinvesting.com
Foundation for investor education