Sun, Dec 29, 2002 - Page 10 News List

Investment-club membership declines

WIPEOUT The number of individuals participating in groups in the US that play stock markets have declined following a steady drop in share prices on Wall Street

NY TIMES NEWS SERVICE , BOSTON

However, according to wildcapital.com, most Massachusetts investment clubs with Web sites stopped updating portfolio results almost two years ago, a sign that performance is floundering or the club has closed.

Ultimately, diehard club members believe they will benefit from the hardships their groups have faced. Said McDonald: "We're certainly getting an education, and are probably learning a lot more now than when everything was so easy. Hopefully, what we're learning will make us smarter and better investors in the long run."

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