MADISON HEIGHTS, Mich., Jan. 24, 2014 — A group of 16 tennis-playing friends at a Sacramento, Calif., country club were really on their game in 1983 when they started an investment club, From Tennis to Stocks, or FTTS, as members of BetterInvesting.
“That milestone puts the all-women club in an‘elite group’ of investing groups nationwide, those who’ve stuck together through the financial market’s up-and-down cycles,” reports the Merced Sun-Star.
Whenever the group’s portfolio hits the $100,000 mark, they cash out a bonus to each member. In August 2013, they issued their 13th payout of $1,000 apiece, bringing the collective total to more than $207,000, the Merced, Calif., newspaper reports.
“On Christmas Eve, the group got a last-minute gift: buoyed by a bump in Tesla’s stock price, their portfolio hit $100,355. Just in time for payout No. 14,” the newspaper adds.
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BetterInvesting is the brand identity of the National Association of Investors Corporation, a national, nonprofit association with members consisting of individual investors and investment clubs. Founded in 1951 and with headquarters in Madison Heights, Mich., BetterInvesting is considered the voice of the individual investor, as well as the pioneer of the modern investment club movement. BetterInvesting is dedicated to providing a sound program of investment education and information to help its members become successful long-term, lifetime investors.