Dollars and Sense Investment Club

Background

The Dollars and Sense Investment Club is a partnership dedicated to learning about investing through study and investing.  We started creating the club in late 2000 and formally started the partnership in early 2001.  We currently have about $55,000 invested.  We intend to make money with our investing so it is not just an academic exercise although learning is a big part of what we do. 

We subscribe to the Edward Jones philosophy of buying stocks for the long haul or "buy and hold".  However, we do review our portfolio and least once per year with a view at improving our portfolio return so we do not hold forever, but only so long as a company continues to show good fundamentals and a reasonable return on investment.  We do not do any "day trading".  Partners can do any kind of investing they want to do on their own, outside of the partnership, and they can use whatever information they learn from our partnership investigations for their own investing betterment.

We meet for one meeting a month on the first Tuesday from 6:30 PM to 8 PM at Yaggy-Colby on 3rd Ave SE.  We currently have 14 partners and would love to have a few more partners.  Prospective members need to attend 3 meetings and start to participate in discussions before they are eligible to join.  Joining entails reading and signing our partnership agreement and starting to make a regular $50 per month investment in the club treasury.  We also expect new members to learn about investing and to participate in investigating new and current companies for future purchases and sales.    

Contact president Dan Schiefert or treasurer Bill Brooks for more information.

Partnership Documents

The partnership is run following the articles of association which can be read here.

A prospective new partner needs to read and follow the new member prospectus which is here.

A prospective new partner must sign the following new partner agreement which is here.

All members must read and understand the financial statements used by the partnership and this is covered here.

If you can't make a regular meeting but want to be able to cast your vote anyway you can use a Dollars and Sense proxy statement which is here.

Educational Web Links

For information about investing from long time investing coach Armin Fields, check out the following RSS feed: http://arminfields.wordpress.com/feed

Check here for information from Ellis Traub, long time investing coach.

Better Investing's Wiki on all things investing.

Another investing Wiki.

There are a lot of great educational topics in these wiki's such as this on bond investing.

Here is a link discussing municipal bonds.  Note that they also sell municipal bonds....

Investopedia-A Forbes Digital Company

We use the following two sites for most of company investigations, and particularly for stock history and stock contest presentations:

• MSN Money Investing Site

• Yahoo! Finance Web Site

Notice that we also use the company's own website in our investigations.

Here are several more financial information websites:

• For StockCentral, click here

• For FactSet, click here

• For Thompson, click here

• For Zacks, click here

• For Morningstar, click here

• For Forbes, click here