The dinner seasons the meeting of the Earn & Learn Investment Club of Wayne, Neb. The club “has about $278,000 of stocks, amassed from the monthly contributions of each member, the minimum contribution now $20 a month, up from $10 when it all started,” The Omaha World-Herald recently reported.
“Author and investor Andy Kilpatrick, whose (Warren) Buffett and Berkshire biography ‘Of Permanent Value’ has been updated with multiple new editions and reprintings, said the Earn & Learn Club has ‘a powerful portfolio with outstanding picks.’”
“Their record is so solid that they need to march on Kiewit Plaza and ask Warren Buffett for jobs,” Kilpatrick told the newspaper.
An March BetterInvesting Magazine article noted that when the group began, an area financial adviser said most investment clubs only last five years. In fact, BetterInvesting investment clubs often hit the 50- to 60-year mark and include clubs with million-dollar portfolios.
In discussing Earn & Learn, Omaha money manager and Buffett disciple Russ Kaplan told the newspaper: “I rate it as positive on all fronts. As far as education goes, they have done well. And they have about the same stocks I have.”
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 and mutual funds, 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.