You want to learn about investment clubs? Bravo! Investment clubs have a lot to offer both new investors and seasoned ones. Newbies can learn together, sharing insights and resources and wading into the investing pool with small initial amounts of money. Sophisticates can take advantage of leverage. If each member of a 12-person club researches and reports on four companies per year, each member will have access to detailed information on nearly 50 companies.

Understand, too, that you don't even have to invest your money together. If your club has enough discipline, you can just meet regularly to learn and/or study companies, and then go home and make investment decisions on your own.

Learn more in the Fool's investment club area and in these articles: