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Author: BenHacker Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7258  
Subject: Investment Club Success! Date: 1/18/2009 1:57 PM
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Hey guys, I thought it would be cool to report that a club I started with 8 other friends about 5 years ago is still going strong today. I've been a lurker on this board for years and have posted a few times but I've recieved a bit more than I gave!

We are 3 months away from our 5 year mark... we have all our original members even though half the crew has moved to far away locations. We have meetings every 2-3 months pretty regularly and this club has helped us to maintain and grow our friendships. On top of that, we've beat the market (after fees, expenses, commissions, etc) in four of the five years (and cumulatively) and while we haven't made ourselves rich (yet? ;-) ), we've grown our money pretty well and have all learned a ton.

I know that when we started there were a lot of warnings and cautions about investments clubs being hard to hold together, and while I'm sure that is true, we have bucked the trend.

Thanks to those here who have commented and provided insight over the years!

Interestingly, one of the reasons we have done well (in my opinion) is that due to our distances and time between meetings we often make our decisions at a glacial pace... which has usuaully prevented us from buying (or selling) until the price is very right.

Cheers and happy new year to everyone here.

Ben
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