Medway Money Pit is a reasonably small but very active Share Club that was established in the year 2000 and remains operational today.
The club has seen the market fall following the technology boom and 2008 financial crisis and also experienced some spectacular gains too. Current market turbulence stemming from COVID-19, UK BREXIT, international Trade Tariffs and the rise of 'populism' in politics is providing an interesting environment for the club.
Currently meeting online every month and active in buying & selling shares on the UK exchange, the club tends to focus on the FTSE250 and, more recently, the AIM market where recent experience has found the best performance. Prior to the outbreak of Coronavirus our meetings, which are friendly and informal, were held at the Thurrock Hotel, close to Lakeside in Essex. Due to the current lockdown, meetings are held online.
Rules & Regulations are run along PROSHARE guidelines, we currently use X-O (Jarvis Investment Management as our broker and Barclays is the clubs’ bank.
At March 2020 we had 13 members and the club’s portfolio stood at 33 shares.
If you are interested in joining us or would simply like to come along to a meeting to see what we do, please contact us directly here.
Latest Club Data