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Because you don't feel too sure about which stock or mutual fund to buy you decide to become a member of an . Each of the members contribute a certain amount of money each month and then meet to decide what to buy or sell.
It is a nice camaraderie, but what do you know about making money in the stock market? The members decide what services to buy to obtain information on stocks and funds. Certain members will be designated to do research on a particular stock and bring it to the next meeting.
The members become buried in gathering data - doing research and forget that the end rerecommendations of their in-house analysts because of the very poor results of their calls. Some have been accused of giving buy recommendations on stocks it was obvious were dogs. Let's hope the SEC does something besides a slap on the wristsult is to make money. It is relatively rare to do any technical analysis. They gather reports from so-called analysts at the big brokerage firms. Recently the Securities and Exchange Commission has been investigating the
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