What began as an experiment more than 60 years ago is clearly working. Large numbers of people have become successful investors, building and maintaining their wealth by following four basic principles:
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- Invest a set amount regularly.
- Reinvest earnings, dividends and profits.
- Invest in quality growth stocks and equity mutual funds.
- Diversify your investments
The first three of these principles are 10 years older than NAIC itself. In fact, NAIC was formed to help spread the word that the principles work and can help anyone become a successful lifetime investor.
The late George A. Nicholson, Jr., father of the modern investment club movement, gave the original principles to a good friend in 1939. In 1941, He joined with a couple of friends, including chairman emeritus Thomas A. O'Hara, to form the Mutual Club of Detroit investment club. The National Association of Investors Corp. was formed 10 years later to share the lessons they'd learned with new investors, nationwide.
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That legacy has given rise to a host of BetterInvesting programs, resources and tools that advance the mission first undertaken six decades ago-to create a nation of successful individual investors
The words of Thomas O'Hara continue to define our path: "This great nation has set the goal of freedom for every person. Economic freedom is a basic part of that goal. Helping individuals learn how to use the opportunity in that freedom to build a better tomorrow for themselves and their loved ones is the reason for all of our work. It's not a job. It's a campaign."
