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.

Investing Basics

Members of the investment club will want to have computers with Internet access so that they can keep track of the market from their homes and so that they can communicate with other members on a frequent basis.

Refinance Investment Property
Its important that members of the group are able to attend all meetings. This shouldnt discourage you, but rather it should inspire you as you do something that interests you. Studies show that a good size for an investment club is approximately 12 to 15 members. Confidence. The goal of an investment club is to learn more about the stock market and if you have dreams of becoming rich youll be starting the club for the wrong reasons.

The investor bases the decision to buy or sell on what he feels the price will do next.
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. Organized communication. If your investment club is going to use other types of software to keep track of stocks, profits, expenses, and other administrative information the newly hired secretary can purchase this software and have it installed. DAY ORDER An order to buy or sell which, if not executed, expires at the end of the trading day it was entered. Stocks can fall or rise in a matter of hours so any stock price information that you get should always be confirmed. The newly elected treasurer will now be able to open up a banking checking account for your club as well open a brokerage account.