When neither serves as a pronoun, it is typically singular, that is, it requires a singular verb and a singular pronoun referring to it. Thus, the following is correct:
Neither of the investments is a good one.
When neither joins with nor, the pair acts as a “correlative conjunction.” If this pair of words joins two subjects of a sentence, then the “number” of the subject closer to the verb will govern the number of the verb. Study these two sentences:
Neither the coach nor the players want to lose. Neither the players nor the coach wants to lose.
You may read more about correlative conjunctions in the Parts of Speech section of Grammar.com. Click here for the beginning of that discussion.
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