Season 5

Why You May Want to Start, or Join, an Investment Club

Episode Notes

Investment clubs are a great way for people to sound out investment ideas, ask questions, and increase their knowledge of the stock market with the help of friends and family members. The popularity of investment clubs, which started in the 1950s, has waxed and waned over the decades, but during the pandemic there has been a resurgence of interest. Social media and virtual collaboration tools make it easier for people to organize and participate in clubs. A new generation of no-fee trading apps enables people to buy fractional shares of expensive stocks with no account minimums. There are even dedicated sites that can help people form their own clubs or join other existing clubs. Some sites can even help clubs calculate investment results, maintain accurate accounting records and generate required tax forms.  While participating in an investment club is fun and can help you become a more confident and knowledgeable investor, you should consider the money you invest to be “fun money” that you can afford to lose. The bulk of your investment assets should be invested in a diversified long-term portfolio that’s designed to align with your financial goals, rather than make quick profits.

For further research:

  • Next Avenue, Why You May Want to Start, or Join, an Investment Club 
  • CLIMB Investment Clubs: Provides real-time educational experiences to help people learn the basics of investing and building wealth.  
  • The National Association of Investors: A national 501(c)(3) nonprofit organization that provides unbiased investment education and online stock analysis tools. 
  • ICLUBcentral: Provides software and online tools to aid in investment club accounting, idea-sharing, stock research, trading, portfolio management and tax form preparation.  
  • Voleo: A mobile and web app that helps people create, fund, and manage investment clubs. 
  • Stockpile: A no-fee trading app that lets investors buy fractional shares of stocks.

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Season 8
Tax Tips — Don’t Procrastinate!

Show Episode Notes

The clock is ticking towards Tax Day, April 18. Here are some timely tips for tax form procrastinators.

For further research:

Season 8
Annuities for Retirement Income

Show Episode Notes

Mention the word “annuity” and most investors recoil. There seem to be so many hidden secrets and costs.  And high pressure sales tactics along with "free dinners."

In today’s podcast we unravel those mysteries – with the one man who has consistently worked to educate the public to the ins and outs of annuities – as well as some of the better uses of these insurance company contracts.  Stan Haithcock’s website – -- is a great resource for free basic information and good advice on annuities.  And Stan is one of the most entertaining financial speakers you’ll ever meet.

So, sit back and enjoy our podcast.  We devote special attention to Multi-Year Guaranteed Annuities (MYGAs), now yielding over 5.5%.  They’re the insurance industry’s version of a bank CD, without the FDIC backing.  And they are a great way to improve yields either inside or outside your IRA.

To read more about MYGAs, here’s a link to Terry’s column on the subject:

And if you’d like to listen to more of Stan’s terrific approach to financial markets, both Terry and Pam have recently joined him on HIS podcast.  You’ll find the links to these conversations here:

Terry Savage: The Savage Financial Truth in 2023

Pam Krueger: Your Wealthramp to Fiduciary Advice


Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage


Richard Eisenberg

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