Getting an Investment Club Started - Mission Statement
Youll want to come up with an appropriate mission statement for your investment club.
This isnt something that you need to do right away but within a few months of your startup youll want to have your mission statement in place.
A mission statement for your investment club is a simple way for you to stay focused and aware of the goals that youve set out for your investment club.
Your mission statement will outline clearly how your investment club is going to be organized and how youre going to reach your goals.
Youll want to write down your mission statement and make sure that each member of the club, and any future members, has a copy of the mission statement.
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The secretary should be sure to have copies of the minutes from the last meeting available for all members of your club.
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All members should agree on (1) the days and time that youre going to meet (most investment clubs meet once each month), (2) the place that youre going to meet, (3) the length of the meetings (most meetings last about two to three hours), (4) the organizational format that each meeting is going to take. Each security has a particular letter that has been assigned to it to make it unique and so that you can easily identify it. Apple Computer AAPL. When you start watching the stock market youll see stock prices fall drastically overnight or jump madly into a crazy arc of profit. On your own you may not have enough money to invest in the stock market in a way in which you may be able to realize a profit. Youre not counting on the government for your future financial requirements.
Getting an Investment Club Started - Step 4 The Business Model Your investment club will need to decide what type of entity youre going to adopt for business purposes.
How to Find a Discount Broker If your investment club has decided that its in your best interests to use a discount broker youll need to know how to find one. Starting your own investment club will be a pleasurable, and perhaps profitable, way to spend time with other people that share the same investment passion that you do. Registering your investment clubs business entity with the state. A discount broker will give you some detailed information about stocks but wont give you advice about what to sell or buy. The secretary is responsible for keeping the minutes of each meeting.
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