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An Office Club for Savings -- Workplace Investment Clubs Tap Co-Workers' Expertise
BusinessWeek
Oct. 28, 2005 Excerpt: [In the Summit Investment Club a majority decision is needed before a stock can be bought or sold.] So far, the modus operandi could apply to any investment club. But here's what's different: The company offers its blessing to the Summit club in the form of meeting space and a payroll deduction for members' monthly contributions. The contributions ... go into a brokerage account, where they're available when the club is ready to purchase a stock. MORE >> |
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