Some investment clubs have a few highly opinionated, even rigid, members who discount the opinions of others. Not only should all members participate in the educational efforts, but the club should be willing to consider the opinions and input of all members, Kelly said. By researching prospective stock picks, he said, members eventually become knowledgeable and comfortable investigating and buying stocks on their own. Quentin Sampson, director of the Chicago South Chapter of the NAIC, which includes Chicago and the south suburbs, agrees. But it should mean all take part in preparing some of the programs, and everyone researches one or more stocks in which the club is interested. The participation of every member in the educational effort doesn't require each member has to give a report every month, she added. "If learning is your major objective, it doesn't affect your progress toward that." "Whether the market goes up or down doesn't change your goal," she said. According to Margaret Kelly, president of the Chicago West Chapter of NAIC, which covers an area from Oak Park to DeKalb and includes 450 to 500 clubs averaging 13 members each, the most successful clubs are those highly committed to education and learning.
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