It was a case of vegging out to accumulate for members of Ridings Investment Club Holdings, who, whatever they do or don't do somehow seem to find their place in the sun.

COME on...relax... it's holiday time for members of RICH - the Ridings Investment Club Holdings.

There were too many of them away sunning themselves...too many business appointments to co-ordinate a meeting of positive buy-or-sell action.

So for them it was a matter of floating on rather than paddling through the financial briny this month - and guess what? It was a swelling tide.

Without raising a finger the value of their portfolio rose modestly from £2.60 per unit last month to £2.68 now.

But no one is recommending this course of action for the rest of you investors. You have to find your own way to riches in the light of the truism - that what goes up could also come down.

That is not to say that the dozen members, who are all market-wise managers and former managers of Nestl of York, did not get together electronically from time to time to monitor the market, review their portfolio and come up with suggestions.

For instance their e-mails joyously reflected the fact that Medysis, their top tip for June, was performing as well as predicted.

Shares in the medical products group rose seven pence to 130p after it announced that it had secured US Food and Drug Administration approval for its Futura safety syringe.

Members also kept in touch via the ether intensely enough to recommend their tip for the top in July - namely British Regional Airlines. (BRAL)

True there wasn't a quorum to drive through a decision to invest in it so action was temporarily delayed, but stand by because BRAL seems to be a good prospect.

So, it seems, is GWR - not Great Western Railways, but Great Western Radio! This owner of Classic FM was sold by the club at a stop loss point a couple of months ago. Now...? Maybe it's worth another go.