Home Invest Meet Your Neighbor: Gold Diggers invest for fun and profit

Meet Your Neighbor: Gold Diggers invest for fun and profit

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Club plans free seminar to share their financial knowledge

FREMONT – In 1987, a group of local women formed a club with the intent of learning about investing their money. Now that group, Gold Diggers, is hosting an event to introduce and encourage investing to local residents who may be intimidated by the idea. “Demystifying Investing” will be held at Terra State Community College on April 12. The public is welcome to attend.

“We held the first meeting in 1987 at my home,” said Parm Boyer, who has been treasurer of Gold Diggers since its inception. “We started the group to teach us how to invest. We knew nothing.”

Gold Diggers is a regional chapter of the Northwest Buckeye Chapter of the national investing group, Better Investing. The Gold Diggers hold monthly meetings in members’ homes, or, in the winter months when snowbirds head south, they meet online.

Each month the group invests $50 as a learning tool. During meetings, they discuss the success or failure of their group and individual investments. They talk about stock options and investing techniques, and they learn, together, how to best invest their money. The Gold Diggers currently hold shares of 17 different stocks with an approximate value of $161,000.

In the three decades of the group’s existence, the women have received enough profits from their personal investments to pay for practical and pleasurable pursuits.

“Everyone has their own personal goals for investing,” said Gold Diggers President Ellen Honsperger. “Some save for their children’s education or retirement. Some save for a boat or a car.”

Boyer uses some of her profits to pay for annual trips to Maui.

“My trips to Maui are a direct result of investing,” she said. “I’m taking my family with me to Maui next year.”

The women choose stocks that are not only potentially profitable but also fun. Then they watch as those stocks rise and fall through the months.

“That’s the fun and exciting part — choosing the stocks that are going to make the most,” Boyer said. “We choose some of our favorite things, like food and health stocks.”

For many of the women in Gold Diggers, the club opened opportunities in investing they didn’t think they had the knowledge to pursue.

“I never would have done this on my own, but now I’m more confident with investing,” Honsperger said.

The women want to share that investment knowledge and confidence with others through the Demystifying Investing event on April 12. From 4:30 p.m. to 6:30 p.m., the event will host an open house featuring walk-in discussions with several local investing groups. Participants can ask questions about investing and sign up with local clubs.

At 7 p.m., Charles Bard, the former president of the Northwest Buckeye Chapter, will host a presentation on demystifying investing. The event is sponsored by the Northwest Buckeye Chapter and the Terra College Foundation.

Boyer said the group is hoping to see many teens and young adults at the event.

“We want to get people to learn investing early, so when it comes time to retire, they have a nest egg built up. We want them to be knowledgeable about investing. A lot of people wait until they retire to try to learn,” she said.

Boyer wants young people to know investing doesn’t have to be scary, and it doesn’t require a lot of money to get started.

“Somebody told me I’m never going to get anybody to come to the event, because nobody has money. But that’s why there’s a need for this event. We can help them find a program that suits them,” she said.

The Demystifying Investing event is free and open to the public, but registration is required. Registration can be made online at SurveyMonkey.com/r/WWLTP7Y. The event will include refreshments and prizes. For more information, call 419-986-5232.

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