Next Meeting

The next meeting will be 8:00pm Monday 21 May 2012 at the Holden Arms.

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History

BELCOMBE INVESTMENT CLUB

The Belcombe Investment Club was founded on 9th September, 1987 by a group of nine friends who thought they could enter the world of stocks and shares and, if not make their fortunes, at least do better than the then current building society rates of interest.

Having invested their first contributions, the market immediately crashed spectacularly on Black Monday and halved the value of their holdings. Lesson number one, shares can and do, go down in value.

Undeterred, they continued subscribing and investing. In February 1997, the Club was presented with the ProShare prize of £1,500 for being the most successful investment club and were Highly Commended in the ProShare Investment Club of the Year category in 2006.

The presentation of our prize in 1997 was accompanied by local and national press publicity with the Club being “adopted”, as a regular feature in the Daily Telegraph’s ‘Your Money’ weekend supplement by Alison Eadie to whom we are hugely indebted for taking us under her wing and giving us the exposure that she did.  She will always be in our hearts.

In 2000, our portfolio had soared to dizzy heights and just as we thought the only way was up, another crash made us realise lesson number one had been unheeded.

Sentimental attachment to particular shares had proved expensive and there is now a strict stop-loss system executed by our on-line stockbroker, Selftrade. This fact, together with holding a much smaller portfolio, running and increasing the best performing shares has resulted in a slightly better performance than the FTSE 100 index.

Meetings are held in the Holden Arms at intervals of about five weeks and prior to each meeting, a newsletter is circulated showing the performance and news items relating to each of the portfolio holdings.

There are now sixteen members and of these, six were founder members. Children of members run their own competition by making a random selection of shares from the Financial Times, sometimes with great success.