Eve Lewis, chair of the BetterInvesting board of directors, and Mary Thomas, a member of the Cincinnati Model Investment Club, were recently interviewed by The New York Times (scroll down on click-through site) for an article about how widows are learning to improve their ability to manage money. Buffy Tillit Pratt, a founding member of the famous Beardstown Ladies, whose Illinois-based investment club inspired many other clubs to organize in the 1990s, was also interviewed.
Investment clubs are a key factor in the fact that fewer widows nationwide are living in poverty today as opposed to the early 1990s, the article concluded.
The New York Times quoted Lewis:
“A lot of people think they can’t do this, that investing is too complicated,” said Lewis, whose goal is to maintain what she called her middle-class lifestyle through her investments. “But if you join an investment club, you can learn for as little as $20 a month.”
Thomas, who says she is also financially secure due to investing, paid for a family cruise to Alaska through her stock market returns.
Pratt of the Beardstown Ladies, who are still going strong, told The New York Times that “the three E’s — education, enjoyment and earnings — are the guiding principles” of their group.
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.