These contests are so silly. Assuming some kind of natural distribution, there’s bound to be some decent returns out there even if the investing club is from special ed.
Posted by Kevin K on 12/31/1969 at 03:00 PM
Seniors Kick Market’s Ass, Spring for New Walkers
Monday, December 05, 2005 - 9:10 am
Look out Beardstown Ladies--there a new group of value-investing grannies in town. The Sahuaro Speculators of Tucson were just named the No. 1 participating club in Arizona for the past year by Better Investing (formerly the National Association of Investors Corp.). The group earned the title by turning in an annual investment return of 18.05 percent. The club, which is composed of 15 retirees from the Sahuaro (don’t ask us--never heard of it either) school system, the club has a $60,000 portfolio with just under a ten-year track record, positively ancient by today’s standards. Each member kicks in $25 a month and members vote on buy and sell decisions. The club recently went long 45 shares of L3 Communications and dumped Pfizer for a loss after a several-year holding period. We’re sure it’s just a matter of time, though, before one of the grey-haired gunslingers is busted for blowing the entire wad on slots and male strippers on a lost weekend in Vegas.
15 Women Give Wall Street Lesson [Arizona Daily Star]
Comments:
Page 1 of 1 pages
Next entry: Stamp Fund Not Sticking With Investors
Previous entry: Burn Your Pencils & Paper: NYSE Merger Almost Final
