PANIC
(People At Nilfisk
Investment Club)
The mission statement of PANIC (People At
Nilfisk Investment Club) is to collectively double our investment in 5 years.
This goal will require a 15% annual, compounding return. PANIC believes the
proven NIAC principles of investing regularly, reinvesting earnings, investing
in growth companies, and diversifying to reduce risk will contribute to the
success of the partnership.
PANIC is an active investment club created for fun, education, and
above all, profit. This is a get-rich-slow method not a get-rich-quick scheme.
If you are looking for an investment vehicle in which you put your money in and
it magically grows, this is not it. Investing at a level that beats the S&P
consistently takes work and partners must be willing to continually improve
their level of knowledge. New partners are not required to have any knowledge
about investing when they apply, but a persistent drive to learn and succeed is
mandatory.
PANIC is looking to leverage the collective knowledge of all of its
partners. A diverse team of individuals with common goals and interests will
help PANIC partners to accomplish much more than any one person could do alone.
In addition to the synergistic effect of group investing, PANIC partners also enjoy
the benefit of decreased personal risk through easier diversification. The
combined capital of all the partners offers an opportunity for each member to
become more diverse than they could by investing
alone.
That being said, the market is not all unicorns and rainbows;
Corrections, Bubbles, Crashes, and yes even Panics all happen. Partners in
PANIC should be of the brood that looks for opportunities amongst the
craziness.
Those looking to apply for Partnership should be willing to attend
monthly club meetings, pay annual club dues, contribute regularly to the
portfolio, and devote a minimum amount of time outside of club meetings.