The Mansion Investment
Club was formed in March 1998, following an advertisement in the
local press for interested parties. The Proshare manual provided
the basis for setting up the club, and the club has since remained
affialiated to Proshare. The newly formed club first met in the
building, shown to the left, a glorious old house which had become
a pub, club, and restaurant over the years. However, it was demolished
in 1999 to make way for a supermarket which opened in the Spring
2000. The Investment Club has been named after this original location
for meetings. The club currently has 20 members, all interested
in learning more and more about investing in stocks and shares,
and the members' age group is principally around 45 to 55 with
an exception or two (no names mentioned here), and our backgrounds
are quite varied. Most of the club's members are 'internet surfers'
and are able to obtain financial information from all sorts of
sources. Additionally, the club contributes to CD Refs on a quarterly
basis, and finds the information invaluable in the research of
shares. The club's portfolio has had its ups and downs and is
currently fairly stable despite the problems in the market at
the present time. However, the club is positively managed and
each member's worth is still substantial. The club has adopted
a computerised trailing stop loss calculator to help take away
the difficulties of 'when to sell', and as the price goes up,
so the stop loss goes up. Our experiences since its adoption are
good. We have prospective members in the wings waiting to join
- not bad, considering the difficult financial climate!
We hope you find our
club site interesting and informative, and if you have any suggestions
on ways to improve, or would just like a chat, please do write
to us. You will be assured of a reply.
(Longton is situated
some three miles to the south of Preston, Lancashire)
This site is normally
updated after each monthly meeting. It was last updated on the
18th March 2008.
This site is normally updated after each monthly meeting. It was last updated on the 18th March 2008.