Probably not. Obviously that is a goal of mine (and ours) but if we do, it will be based mostly on financial advice of others.
Is social interaction more important than rate of return i.e. why a club vs. going it alone ?
Yes and no. I think the social interaction might increase the rate of return compared to me investing alone. A group of thinkers discussing the merits of a particular stock, fund, market or what have you will (in my opinion) bring more to the table than one mind.
Timing, really, isn't explained by much more than an idea I had and a willingness to invest for a long time. I suppose I could take the group idea and make it individual - rather than everyone investing the same. Just ideas for me and the group to think about.
Thanks for the post!
things (the market)are not as they used to be.
People in the market who shouldn't be e.g.waitresses & hairdressers
....w/dishonorable goals - a quick buck &/or a 15% yr/yr R.O.I
w/ no oversight e.g. K-mart, Adelphia, Global Crossing,etc, combined w/
massive pension underfunding, a potential melt down at Fannie Mae, etc
It's not a cake walk you're entering...more like musical chairs.
Be careful !