As they approach their 20th anniversary as an investment club, the Streator Area Visionary Entrepreneurs (S.A.V.E.) of Streator, Ill., were recently featured in The Ottawa Times. The group got together with 20 members in 1996 after hearing a lecture by members of the legendary BetterInvesting club the Beardstown Ladies.
S.A.V.E.’s first leader, Kathy Missel, told the newspaper that she remembers the Beardstown Ladies’ philosophy of stick with what you know:
“This is the reason we are still an investment group,” Kathy told The Ottawa Times. “Stocks in our portfolio were purchased for just that reason. Recommendations from partners have shown that connections to what we know influences the stocks we want to buy. We fall in love with things.”
S.A.V.E.’s portfolio of 36 stocks was reviewed in “Repair Shop” in the December issue of BetterInvesting Magazine by Scott Horsburgh, CFA, of Provident Investment Management of Novi, Mich.
“I only pick clubs that have some good characteristics to build on, as well as some problems that I think are fixable with a little direction,” he told the newspaper. “The members of S.A.V.E. now have new ideas to consider when buying and selling stock.”
The club’s holdings include Apple, Berkshire Hathaway, Disney, eBay, Visa, Target and Tesla Motors.
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BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242.