A group of 16 tennis-playing friends at a Sacramento, Calif., country club were really on their game in 1983 when they started an investment club, From Tennis to Stocks, or FTTS, as members of BetterInvesting.
“That milestone puts the all-women club in an‘elite group’ of investing groups nationwide, those who’ve stuck together through the financial market’s up-and-down cycles,” reports the Merced Sun-Star.
“Three decades later, they’re conversant in price-earnings ratios, stock growth and other investing concepts. … Over the years, they’ve shed their share of losers, but their current portfolio of nine stocks is loaded with some solid winners.”
Whenever the group’s portfolio hits the $100,000 mark, they cash out a bonus to each member. In August 2013, they issued their 13th payout of $1,000 apiece, bringing the collective total to more than $207,000, the Merced, Calif., newspaper reports.
The club’s continuing strong at 31 years young.
“That’s a very impressive number. It puts them in an elite group, in terms of their staying power,” BetterInvesting’s Dennis Genord, director of education/chapter development, tells the newspaper.
“When it comes to investing, it’s all about choosing a methodology and sticking with it over the long term. That’s what (FTTS) is demonstrating. Our hats go off to that group.”
The club’s enjoys field trips and social activities together, with everything from skydiving and mini-race-car driving to pole-dancing lessons.
But in the end, their most important lessons are in investing. The newspaper reports that the club’s best pick has been MasterCard (ticker: MA), first added to their portfolio in 2006 for $63.85 a share. Today, it’s been selling in the $813-a- share range.
“On Christmas Eve, the group got a last-minute gift: buoyed by a bump in Tesla’s stock price, their portfolio hit $100,355. Just in time for payout No. 14,” the newspaper adds.
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 born 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 http://www.betterinvesting.org/investing/landing/openhouse/blog/index.html or call toll free (877) 275-6242.