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Sharon Butler invites anyone with $50 to invest in a cooperative Stock Club for the 99%. Her interest in financial matters is as amateur rather than professional, hence the collaborative nature of the investment group. Members will pool information and expertise to select stocks in which to invest their pooled funds. One year later-- or upon majority vote--the portfolio will be liquidated and collective gains or losses realized.
The $50 Stock Club addresses the reality that most ordinary Americans do not directly invest in the stock market. Though the middle class is often told by financial experts we should invest in stocks, most households lack the savings or financial savvy to do so and almost half of American households have no investments in the stock market at all. In the wake of the recent $1.5 billion Powerball jackpot, for which many otherwise sane people bought dozens of tickets, Butler’s club can be seen as a far safer bet.
Also inspired by the increasing interest in contemporary art as an investment commodity by those in the financial industry, Butler may be hinting that artists are just as likely to choose solid stocks as financial wizards are to choose artists of lasting importance.
The public is invited to come learn a little more about the art of investing on a budget!