(Reuters) - Not that long ago, it seemed like everyone belonged to an investment club. People would gather at a friend's house, share a few bottles of merlot and toast their soaring investments in Cisco and JDS Uniphase.
And now? Not so much. The number of investment clubs reached 60,000 before the bursting of the tech bubble. Now there are just about 5,500 still hanging on nationwide.
"Oh, the numbers are definitely down," says Adam Ritt, communications director for BetterInvesting, the Madison Heights, Michigan-based investors' association whose members include clubs around the country. "It's been a steady trend downward for a long time." Read More
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