Women's investment club being formed

November 25, 1997

Women's investment club being formed


Staff Writer, Waynesboro

GREENCASTLE, Pa. - Through her new investment club, a Greencastle businesswoman is hoping to take other women into the high-finance world of Wall Street.

Elizabeth J. Weber, 35, sole owner and employee of Weber Business Services, a consulting and training firm, is recruiting members for the new women's club.

The group has four charter members in addition to Weber. It held its first meeting in October and will meet again at 7 p.m. Jan. 8 at the Chef's Kitchen Family Restaurant at 50 Pine Drive, Greencastle.


There are other women-only investment clubs in the Tri-State area, including two in the Chambersburg, Pa., area, Weber said. She wants to limit membership to 20, she said.

"I've wanted to organize a women's investment club for years and decided that this is the year I'd do it," she said.

Weber belongs to the Greencastle Chapter of the American Business Women's Association. She spoke to members of the association about the investment club and several showed interest, she said.

Weber likes the idea of a women's-only club.

"It's a way to socialize and meet people," she said.

In order to join, a woman should be energetic, interested in learning and not be intimidated, Weber said.

"She also should be someone who wants to have fun," she said.

Weber said each member will contribute $50 a month to the club's financial pool. Once $1,000 has been collected, the members will decide how to invest it.

"It will be a group decision on which stocks to buy," she said.

The members may select an industry to track and report on at meetings. They might include entertainment and travel, technology, pharmaceuticals or real estate or industries that deal in everyday products that the members are familiar with, she said.

"Hopefully, we'll become informed between meetings. Then we'll decide if we want to invest in high-risk or conservative stocks," she said.

"Our knowledge of Wall Street runs from zero to the basics. We'll have to read newspapers and the stock pages and listen to the news. We'll become more educated and more aware of investment opportunities," she said.

Financial experts will be invited to speak at meetings, she said.

Weber grew up in Wisconsin. She holds a bachelor's degree in international business management from the University of Wisconsin and a master's in that field from George Washington University. She teaches part-time at Johns Hopkins University in Baltimore and at Wilson College in Chambersburg. Five years ago she started her own consulting business, which she runs out of her family home on Melrose Avenue.

Anyone interested in the investment club can call Weber at 1-717-597-8890.

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