A new South West investor discussion group met for the first time in Taunton boasting a successful beginning.

The group is a part of SIGnet, an established network of investor groups that gather regularly to talk about investment opportunities.

Their meet-up was held at the Cross Keys public house near Norton Fitzwarren, engaging six eager members.

The group intends to expand its member base from the South West region, holding six bi-monthly meetings per year.

Their goal is to improve investment skills among their members, catering both to seasoned and aspiring investors.

According to a survey by Hargreaves Lansdown, only 23 per cent of UK citizens invest in the stock market compared to two-thirds of the American public, prompting groups like SIGnet to attempt to bridge the gap.

Despite being an investment group, SIGnet does not function as an investment club.

There is no shared investment pool or collective decision-making, and financial discussions are off the table.

Instead, the focus is fostering investing skills, personal decisions, and spotting promising opportunities.

A Manchester SIGnet group member illustrated the benefits gained from his membership.

He said: "SIGnet for me has been life changing, it has played a big role in improving my knowledge and understanding of how to develop a safe investing process.

"I applaud it for nurturing my knowledge and my wealth in a relaxed social environment."

To join, reach out to Mr Tom Entwistle via email at tom.entwistle@gmail.com.