Members of S.L.I.C., the Sleeping Ladies Investment Club, of Anchorage, Alaska, may not be able to see Russia from their houses, but they can hear Santa Fe, N.M., from their club meetings.
Charter member Yvonne Mull moved to New Mexico in 2003 and didn’t want to give up involvement in the club she helped kick off in 1996. So she stays active via teleconferencing. She’s the only long-distance participant.
“Since I had been a member since the beginning when the club was formed, I wanted to continue. It was my ‘baby’, so to speak, and I loved and still do love investing! I always think, ‘it’s my money,’ and I want to know and understand everything that makes it move up or down!” Yvonne says via email.
She’s part of a move toward remote membership in investment clubs. Others use computer webinar services to keep in touch.
S.L.I.C.’s portfolio, valued at more than $103,000, was reviewed by chartered financial analyst Scott Horsburgh for “The Repair Shop” feature in December’s BetterInvesting Magazine.
“I like the Sleeping Ladies’ portfolio because of its interesting mix of younger, more venturesome companies and solid favorites,” Horsburgh mentions in the article.
Yvonne’s one of four remaining charter members in the group of 11. She was originally invited to attend by her exercise leader.
Another charter member, Jane Ringler, clarifies that the name Sleeping Ladies wasn’t arrived at because the club members were nodding off.
“S.L.I.C., Sleeping Ladies’ Investment Club, is named for the mountain ‘Sleeping Lady’ that lies across the inlet and can be seen from all over the Anchorage area,” she says through an email.
S.L.I.C. began with six women, who met at a bank where a member worked.
“We didn’t know anything! We all wanted to learn, that was the leading factor for all of us. We were very much inspired by The Beardstown Ladies’ Common-Sense Investment Guide, which was required reading for us! From there, we took off! ” says Yvonne, a registered nurse who retired in Alaska but still works in Santa Fe.
“The book Understanding Wall Street was my bible. Every book I read after that didn’t get put up on the shelf until it was finished. My personal office is now full.”
BetterInvesting Magazine will appear in digital format early next week and begin arriving in homes the week of Nov. 13. Magazine subscriptions are available at the Betterinvesting website and digital only versions are sold at Amazon.com and the Apple iTunes store.
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