[.ca] The Millionaires' Club: How to Start and Run Your Own ... (ISBN 0471369381)

From Amazon.com:
If the money that passes through the hands of African Americans was ever centralized, it would equal the gross national product of the ninth largest country on earth. Despite this collective wealth, few blacks take advantage of this country's stock market--a trend financial journalist Carolyn Brown would like to reverse. The Millionaires' Club, written under the auspices of Black Enterprise magazine, is a concise guide outlining the basics of acquiring money through establishment of an investment club. It works like this: Groups of people pool their money to invest. The club requires members to plunk down a set amount of money each month, which it then uses to buy shares in securities--mostly stocks. Profits and dividends are plowed back into the portfolio until the club reaches its financial goal. The appeal is simple: As a group, people with small amounts of money can consolidate their financial resources to make larger purchases of company shares. Brown details everything you need to know to start a club, including recruiting members, regulating the group, and how to become profitable. She advises clubs to invest in growth companies, to diversify investments, reinvest earnings and dividends, and to focus on long-term investments. Brown also advocates the use of the Internet, investing in real estate, and the building of youth investment clubs. All told, Carolyn Brown's wealth-building wisdom is sound and realistic: "The good news about belonging to an investment club is that not only are you helping to enhance the group's cash reserves, but you are learning personal wealth building for the enrichment of your family, children, and the next generation." A good investment, indeed. --Eugene Holley Jr.

No Fuss No Muss Personal Finance:
Let's face it. Personal finance is a drag. So many books, so much advice, and so much confusion. That is until you read the Millionaire's Club. Surprisingly, the author Brown does an excellent job. I say surprisingly because most personal finance writers seem to be just as dense as the very books that they keep churning out to the general public. Brown's book, however is short, clear and helpful. She's a straight shooter that believes in serving up no fuss and no muss personal finance. Millionaire's Club has got to be one of the best how-to investment club books currently on the market. I should know. I started an investment club three weeks after reading the book. churning out.do a poor job of explaining difficult of little to of cutting through the morass of information involved in started starting ersonal finance jargon boiling down difficult concepts and Starting an investment club is Brown's book is not original, but it certainly is

Great Info:
This book is a must have for those taking the necessary steps to a bright financial future. This book provided necessary information on all aspects of investment clubs from startup to management. I highly recommend this book.

Cheap marketing ploy to sell a mediocre book:
A good investment book doesn't need to target an ethnic group,because people of all ethnic groups will want to buy it. This booktries to make up for its mediocre content by being "targeted atthe huge and growing African American investment market". If ithad better content then it wouldn't need to do that. There are acouple of excellent investment books that I would recommend. They are"The Motley Fool: Investment Clubs" by SelenaMaranjian... and "Starting and Running a Profitable InvestmentClub : The Official Guide from the NAIC"