The Dow Dame$ Test Stock Market Theories
by March 5, 2001 12:00 am 68 views
Nine Northwest Arkansas women meet monthly to learn about the stock market, but the Dow Dame$ LLC members stake their lessons by investing in their market philosophies. With the help of Muriel Siebert & Co, an Internet trading site, the group researches and votes to support different companies.
The Dow Dames is a member of the National Association of Investment Clubs, and the club follows the association’s four main principles to guide their purchases, said Dames president Nancy Denn.
The NAIC instructs clubs to invest regularly, regardless of the market outlook, reinvest all earnings, invest only in growth companies, and diversify to reduce risk, Denn said. The group’s portfolio took a loss of about 15 percent last year due to slacking technology investments, Denn said.
Since establishing in 1998, the club has invested in Baldor Electric Co., Lucent Technologies Inc., Wal-Mart Stores Inc. and Cintas Corp., among others.
Each Dames member contributes a non-refundable joining fee of $75, annual dues of $30 and a monthly minimum of $20 for stock purchases. Aside from monetary obligations, each member must use investment journals and publications such as The Wall Street Journal to track one of the Dames’ chosen companies.