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Article: Sharing the wealth.(investment clubs)
- Article from:
- Black Enterprise
- Article date:
- June 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investment clubs are key in building portfolios from generation to generation
It's never too early to start investing. In fact, the sooner you start the better your chances of accumulating wealth over the long term. That's what Eddie Bossette, of the Organization Investment Club (OIC) of Beaumont, Texas, believes. The OIC started out as a family investment club more than 12 years ago.
"Investment clubs are good for families in many ways: They keep families together, pool their resources, provide a source of financing, and encourage more people to get involved," says Bossette. Just as family-based investing has its benefits, it has its shortcomings. ...