Stories, culture and the social side of meetings

Would you love to start and investing club with your friends? That’s exactly what this week’s Money Diarist did. Inspired by the investing club her mum started with friends more than two decades ago, she sent a message to a few girlfriends with a simple idea. What if they pooled a little money together, learned about the share market as they went, and invested as a group? That message turned into a fully fledged club called ASX in the City.  There’s a shared account, monthly contributions, spreadsheets tracking their portfolio and a voting system for deciding which stocks make the cut. Along the way they’ve learned about ETFs, picked a few winners, had the occasional “problem child” investment and built something many people wish they had… a space where talking about money actually feels normal. In this episode she shares how the club works, what they’ve learned along the way and why investing doesn’t have to be something you figure out alone. By the end of this episode there’s a very good chance you’ll be hitting up your friends to start your own ASX and the City. 

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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.

The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 4451289

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