June 23, 2017
The Las Vegas Investment Club (LVIC) is not for thrill seekers and gamblers despite being located in Sin City. That is how Realty 411 Magazine, an online and print resource guide for real estate investors, described LVIC in a recent issue of its magazine.
The article highlights the fundamental principles of LVIC: offering investors an alternative to the abusive fees and bureaucracy of traditional investment firms on Wall Street, and empowering investors with educational programs and town hall-like meetings. The teachings of LVIC have encouraged members to reduce their stock market holdings due to the inherent volatility. Many members are now increasing their gold and silver bullion holding from 2-3% to 5% in an effort to protect their assets from inflation and sharp market corrections.
But this does not mean LVIC is completely anti-stock market. Realty 411 points out that LVIC did in fact invest in MOGO Finance Technologies, a Vancouver-based firm, when the stock was trading on the TSE for about $1.20 per share. As of June 22, the stock is trading at $4.20 per share, a 250% increase from the original investment.
Despite the obvious foresight displayed with MOGO, egos do not exist LVIC. The club has a community disposition and celebrates successes as a group instead of by individual horn-tooting. Realty 411 said LVIC leadership has “Warren Buffet-like qualities” because it only invests in businesses that they can influence operational direction.
You can read the article in its entirety via PDF here.