Getting an Investment Club Started - Step 3 - Election of Officers
When the time arrives for the second meeting of your investment club youll want to finalize some decisions that have to do with the way your club is run and organized.
Youll want to determine some of the responsibilities that need to be met and what officers are going to be elected to handle those responsibilities.
All positions should be clearly defined so that members can be elected to these positions. Keep in mind that all members of the club will have responsibilities but when you elect officers youll have certain positions filled where members have a particular duty and task.
Most investment clubs will have the following officers:
President. The president can also be known as the presiding partner. The president is the one who decides when the next meeting is going to take place (usually done with a mutual vote but made official by the president), presides over the meetings, and plans activities (usually done with a mutual decision by other members).
Vice president. The vice president can also be known as the assistant presiding partner. The vice president is the member that stands in when the president is absent or needs help with presidential duties. The vice president is often the one who plans some of the educational information that is provided to the club at meetings.
Treasurer. The treasurer is also known as the financial partner. The treasurer is the one who deals with the brokerage firm and does the buying and the selling of stock. The treasurer also is responsible for keeping accurate records of the financial holdings of the club, the financial contributions of each of the members, and any other records that concern themselves with money and financial matters.
Secretary. The secretary is also known as the recording partner. The secretary is responsible for keeping the minutes of each meeting. The secretary also lets other members know of any upcoming meetings. If a member misses a meeting the secretary is the one who passes the minutes of the last meeting to the absent member so that everyone is kept up to date of all meeting decisions.
Education officer. Many clubs have what is known as an education officer. This member of the club is responsible for organizing educational activities such as guest speakers, reading materials, field trips, and presentations that have to do with investing.
When you elect members to fill the above positions youre simply making sure that your club is run in an organized and efficient way.
Investment Clubs Mentor Oh
This book will get you up and investing in no time and can be used as a guideline for successfully starting your own investment club.
National Investment Clubs
When you invest in the stock market youll have diversity with your savings and money that you get from other sources, such as inherited money, insurance, real estate, or your business ventures. The treasurer is also known as the financial partner. Fundamental analysis #1. Similar interests. When youre looking for a broker and basing your decision on customer service and the way the website operates youll want to take some time looking at the brokers website. better-investing.
Part of the experience of starting an investment club is getting together to enjoy similar interests and goals.
Members should agree that this is long term commitment and if their goal is to get rich in a year or two and then leave the club it goes against the goal of the investment club. Very inexpensive. A value investor takes a close look at those companies in the stock market that have a low value. Youll also need the ID number when youre dealing with a brokerage firm and your bank when youre opening up accounts for your investment club.
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