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A self-directed investment club is a type of [[investment club]] in which members do not make financial contributions, but rather meet on a regular or informal basis to share stock tips and advice, and then invest in their individual portfolios, not in a common club portfolio (as is more typical of investment clubs). The phrase was coined by financial author and investment club expert [[Douglas Gerlach]] in ''[[Investment Clubs for Dummies]]'' (Hungry Minds, 2001).
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