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Show Here is flie inside story on investment clubs, which many families are finding the key to financial m sharing in the success-there- by nn nn - IT"" 3J m m m growth of American industry m mi OGETHER WHfe WW E TO il a m) mm oMmmm Mb! AID MAKE BOIE'IOI EYI by Curtis Mitchell r I 5 r u - X? ; , I ! ft NAIC also protects a club against loss, up to $25,000, due to dishonesty of a member. Once a year, NAIC holds a national convention calculated to satisfy the hunger of even its most ardent investors for facts, figures, and fancies. Last year, special trains, buses, and chartered planes carried entire clubs to Chicago for two days of study and high jinks. There, they listened to sober warnings that whatever goes up comes down, and to technical discussions on how to make money on that fact of life, , clubs sat tables around in By night, friendly A typical investment club is this one in Western- - Springs, Illinois, known as the "Wigs." J. ' & j 4. rd The women members have stocks. In this town alone, 8 clubs exist. money in Ml - .1 a real promotion gimmick. I've done all right getting individual accounts from the clubs I work with." Club members agree that being an investor is wonderful. A grandmother reports: "For the first time in my life, I'm able to take care of myself financially without having to fool around with a lot of bankers." An old projt Jinjrestingjsays, my wits jn every meeting: and learning about new opportunities I might have missed. Doesn't cost me a penny extra." As for the New York Stock Exchange, Keith"j Funston, president, is a missionary for more of what he calls "people's capitalism," or the public's ownership of American industry. Though one out of every eight adult Americans now owns stocks, he wants more. If those added investors are in clubsrthat's dandjrwitlrMrrFunston. clubs, when organized with a sincere desire to learn not to get rich quick offer a way for people to learn investing firsthand," he says. "When a club succeeds in developing regular, informed investors, everyone benefits." Echoing his sentiment is this statement of its educational goals by the NAIC: training for mil l.To provide- - investment-clu- b lions of Americans, for wise investment is the life -- "In---vestm- , their ent blue-chi- p blood of progressive capitalism. 2. To assist thousands of Americans to acquire $10,000 in stocks, for personal security engenders self-relian- ce. people of other nations learn investing, for, private ownership of local and world-wid- e business is the path to higher living standards and lasting peace. 3. To help self-relia- nt ." "If I'da bought Texas Instrument, I'd be rich." "If I'da only held onto my 'HiiokoL . 7." Edmund W. Tabell of Walston and Company, Chicago, in delivering an address on "The Outlook for the Stock Market," provided two of the biggest 1 of all time. He spoke of an imaginary investor with $10,000 who, if he bought "Standard Oil of New Jersey in June of 1949, held it until January, 1952, switched into General Electric, held it until August, 1954, bought Aluminum Company of America, sold it in May of 1956 to buy IBM, which he could have sold in June, 1957, and bought Parke Davis, his $10,000 investment would have reached a 1958 value of $496,000 after paying all taxes on previous transactions." He then added this topper: "If the investor had put his $10,000 into Dana Corporation in June of 1949, held ituritil "April, "1953, then switcheamtb Outboard Marine until June,-- 1957,and then into Lorillard, his holdings would have a value of "If-I'- da . . "If-Ida- 's" : never before, tne time is ripe for the average or woman to begin to learn the art of investing. Free assistance is available. So is expert financial advice. The next step is to follow the pattern of experience of other successful organizations. This pathway is clearly outlined in a manual that, may be obtained from the National Association of Investment Clubs, National Bank Building, Detroit, volume at your bookstore,. Mich., and also in-"How to Organize and Run a Successful Investment Club" by Raymond Trigger. Many new clubs choose toaffiliate with the NAIC because of its useful services. First-ye- ar membership costs $10 for registration fee, plus $1 dues for each member. In return, the club receives As man a at -- cost - anacrountmg - kit,c data, and a monthly bulletin. Membership in $1,500,000." . From $10,000 to $1,500,000 is quite a leap, and Tabell was making a valuable point, of course. "The only thing these fantastic figures prove," he said, "is that there are more profit opportunities in selecting the right individual issues than in to catch the swings in the market." sattempting No wonder investment clubbers come home from such meetings filled with determination to Uncover the future Lorillards, Outboard Marines, and Danas. No wonder clubs show greater skill the longer, they work together, and their profit swells iifrelationto their experience. No wonder, indeed, that new clubs are springing up wherever people work and live and have $5 or -- so left- to invest in the dream v called America. . atthe-monthVe- nd -- ' Family Weekly. December f, 1959 -- |