Home » Book Reviews » The Millionaire Next Door
Thomas Stanley and William Danko
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The group discusses a range of investment related topics.
Some members lean towards a buy and hold approach whilst others trade more frequently, some use technical analysis methods, others use fundamentals or a combination.
Discussions cover companies predominantly listed on the London Stock Exchange, including small AIM stocks, but investments in other countries are sometimes included. Investment trusts, exchange traded funds, bonds and some other financial instruments are included.
Economic issues as they relate to investing are discussed for those who adopt a top down approach.
Additionally, experience of different investing software and information sources provides good insights into what members find works well for them.
If an investment related subject is of interest to the majority of the group then it is included, such as government budget announcements, pensions and inheritance tax etc.
At present there is an interest within the group in AIM shares with a view to inheritance tax planning but this is not in preclusion to other interests, REITs, Investment Trusts, Property etc.
At each meeting the members outline their recent activity and its relevance to their overall investment goals. Current fiscal events and economic conditions are discussed.
The meetings commence at 10:30 am and continue until around 1:00 to 1:30 pm.
We enjoy wide ranging discussions sharing views and knowledge on all investing types. We discuss relevant world events, sectors of interest, unit and investment trusts and individual equities. The group has been running for many years and members are all active investors. New members welcome.