cash dues of $25 annually, which are used for purchasing software and administrative items and to offset costs for the group’s annual anniversary dinner in November. “Many clubs are formed by people in the same age range or in the same environment, but we have a cross section of people in different industries and of different ages,” says Stewart. “The diverse viewpoints tend to help us [select solid investments.]”
The club has already added an educational component to ensure that every member has at least a minimum level of understanding about investing. Future plans include increasing membership and pursuing investments in African American-owned companies.
Rainy Day Investment Club Top 5 Holdings
| Aqua America Inc. (NYSE: WTR) | 18.57% |
| Aflac Inc. (NYSE: AFL) | 17.09% |
| Washington Real Estate Investment Trust (NYSE: WRE) | 13.52% |
| Intel Corp. (Nasdaq: INTC) | 10.50% |
| Paychex (Nasdaq: PAYX) | 9.90% |