The Growth Stock Pickers Club was created to share member research using the CANSLIM Investment Research Tool. Our goals are to work together and as teams to:
create and monitor an index of selected stocks;
foster sound investment strategies; and
provide a forum for new and experienced stock pickers interested in this style of investing.
Growth Stock Pickers is all about sharing information and research;
no funds will be pooled for the purchase of stocks.
Membership Requirements. Membership is restricted to residents of The Villages (FL) who should be:
interested in buying and selling stocks in their personal brokerage accounts;
able to access the internet (with a high-speed connection) from a home computer;
interested in learning or sharing knowledge about CANSLIM: the Investor's Business Daily (IBD) newspaper's checklist for stock selection;
willing to purchase a paper or digital subscription to IBD's newspaper;
able to spend a few hours a week in doing research on markets, industries and stocks;
willing to share research findings with other members; and
prepared to contribute to the club.
There are a number of reasons that Rob Paluszak uses CANSLIM and has created a club designed specifically to use that investment strategy, including:
A number of reputable resources have confirmed its results, e.g. AAII.
It's a thorough but still not overly complicated investment strategy.
A number of readily available resources exist to help people learn this strategy, including IBD's website, books and workshops.
It has solid buy and sell rules where some strategies only offer buy rules.
It combines both technical and fundamental analysis.
It does not require sitting in front of a trading screen all day.
Base patterns are looked at using a weekly instead of a daily price graph.
Meetings and Activities
The club meets every Wednesday at 9:00 a.m. in the Defender Room at the Lake Miona Recreation Center. The weekly meetings consist of a review of the market, industries and stocks of interest. Once organized into teams in late-January 2009, members will be reporting on their research findings weekly. Activities will include weekly meetings and an annual dinner meeting. Training will be an important element and may include travel to IBD-sponsored events in Orlando or Tampa.
The following is the schedule for the first five meetings which included tutorials on the CANSLIM system:
December 10: Introduction to CANSLIM
December 17: CANSLIM checklist and fundamental stock analysis
December 24: Technical stock analysis and identifying buy points
December 31: Rules on selling
January 7: Recap of CANSLIM features
Copyright Growth Stock Pickers Club 2008-2009. All rights reserved.
Unusual as it may be to highlight what a club will NOT be about, in this case it is important that prospective members know that the Growth Stock Pickers Club is not designed to be a total solution for those investing in stocks.
The club will not be researching or discussing the following topics:
Day trading or momentum investing
Purely technical analysis and trading of stocks
Purely fundamental analysis and trading of stocks
Becoming an investment club with the pooling of funds
Mutual fund or ETF analysis
Analysis of commodities
Helping members with their financial planning needs
Value or Income investing
Wednesdays at 9 a.m. in the Defender Room at Lake Miona Recreation Center.
Click below to get a printable application form to bring to a meeting!