The new Fingal Networking Investment Club Richard Fitzgerald, Graham Devine, Arthur Campbell, Eva Rodriguez and Graham Smith, Stephen Cox and Robbie Hughes
DESPITE the fact that the Celtic Tiger has boosted the Irish economy beyond all recognition and initiatives such as SSIAs have encouraged a culture of saving, over 40 per cent of the Irish population have no pension provision while the world of Stock Market investments seems far removed from the ordinary citizen.
Now two Northside men, Robbie Hughes (33), from Portmarnock, and Stephen Cox (32), originally from Whitehall and now living in Ashbourne, have started a network of investment clubs that teaches people how to invest safely and profitably.
They have the franchise for The Investment Club Network (TICN) in the Dublin region - and several hundred people are beginning to reap the benefit already.
The concept of investment clubs was established by Donegal man Owen O’Malley with TICN in 1999 to provide the necessary skills and education to trade effectively and safely on the investment markets through the supportive environment of a club structure.
Today, TICN has hundreds of clubs and thousands of members worldwide.
There are over 200 clubs in Ireland alone, and Stephen and Robbie have developed almost one new club per month in Dublin over the past year and a half, with eight already established in the Fingal area.
A number of the clubs hold monthly meetings in Fingallians GAA Club in Swords while the newest club, the Fingal Networking Investment Club, meets in Malahide Yacht Club. Members of these clubs come from Swords, Malahide, Portmarnock, Howth, Sutton, Balbriggan and Ashbourne and even further afield.
With their membership drawn from all walks of life, these clubs are trading highly successfully, thanks to a tried and trusted system that starts with a free ‘MoneyTalks’ presentation and continues with an intensive weekend training seminar.
Once a club is formed, it is provided with an experienced mentor and on-going support to maximise returns on investments.
Over the past four years, the performance of the top 50 TICN Investment Clubs has seen an average return of 63 per cent
Statistics also indicate that 90 per cent of people who invest in the stock market have little knowledge of it and how it works - they rely on others to make their decisions for them or on ‘good tips’ from those who they feel know about such things.
The 10 per cent who are educated about the stock market are the people who make the money and the TICN system aims to teach its members to invest wisely and coach them to success.
TICN’s ‘Making Money with Careful Planning’ (MMCP) seminar has been delivered to over 10,000 individuals on five continents and starts by de-mystifying the Stock Market and emphasising the importance of planning and asset allocation.
‘We teach people to identify fundamentally safe and solid companies with strong growth prospects,’ says Stephen, ‘and how to choose the right time to buy and sell.’
‘We then teach them to use proven strategies to generate an income from their investments and how to save time and money by trading directly online,’ he added.
A TICN Investment Club comprises 19 members plus one TICN mentor, with each member subscribing typically €100 per month into the club’s investment ‘kitty’.
On the basis that 20 heads are better than one, each club democratically decides which stocks should be invested in with the club’s funds.
At the same time, members are encouraged to open their own individual trading accounts and generate another income stream by using the TICN strategies and systems.
‘Education is the key to being a successful investor,’ said Mr Cox, ‘and we deliver the information with advanced communications technology to give our members the confidence to make informed investment decisions’.
For further information on The Investment Club Network (TICN) or to book a place at a free MoneyTalks presentation, Freephone 1800 367 693, email: email@example.com or visit www.ticn.com.