Tuesday, March 03, 2009
Investment clubs dwindle as members ask to cash out
In 1998, when it was known as the National Association of Investors Corp., its nearly 37,500 clubs had a total individual membership of nearly half a million. Its latest tally -- in August 2008 -- estimated 9,500 local clubs nationwide with 95,000 members. Those figures have likely declined even more since the financial meltdown, organization officials say.
Wait until the number of members and clubs dwindle down to 10% of the peaks. That should be a good time to invest.