1.   A group of women in the neighborhood have started an investment club.

2.   But no one can sit back in investment clubs and just listen.

3.   Amid the boom, investment clubs have proliferated.

4.   An investment club is a group of people who meet usually once a month to pool their money and try their collective hand in the stock market.

5.   An investment club is like a self-managed mutual fund or unit trust and is essentially a group of people who combine their money to buy securities.

6.   An investment club should give you the fortitude to develop and stick to long-term investment strategies.

7.   And Terrance Odean, a business school professor at the University of California-Davis, says investment clubs of all types tend to underperform.

8.   And that enables members to start investing on their own, separate from the holdings of their investment club.

9.   Anne Uno loves investment clubs.

10.   Ballmer said something similar after a high-school student asked what percentage of Microsoft stock should be in her investment club.