Getting an Investment Club Started - Step 1 Finding Members
Once you have the basic information gathered together about why you should start an investment club, and the requirements that members should have, youre ready to take the first step towards officially starting your investment club.
Youll need to find members to join your club and you can achieve in this a number of ways.
If you have one or two friends who have shown a mutual interest in the stock market or bond market you can approach them to join your investment club.
You can find other people who are interested in joining in your club by advertising in the newspaper or by posting notices on community bulletin boards.
The important thing to remember is that you want to attract people who have an interest in learning more about the stock market while they invest small amounts of money.
You shouldnt be too concerned if the majority of the people who have expressed an interest in joining your club are all new to the stock market. In fact, this can be a good thing that your club is composed of people who have no real expertise in the market.
People who have prior experience with the stock market may quickly become frustrated dealing with amateurs.
Dont be too worried about being part of a group of people that have no experience since there are many resources that are available to help you learn about investing and the process that you need to follow.
Prior to your first meeting with those people interested in joining your investment group you should provide them with information about the club. This includes letting them know what the club is going to be about and how it should be run.
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Before any stock is purchased or sold it will be required that all members of the investment club are part of the study of these stocks and part of the final decision.
Black Investment Clubs
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. Experienced investors can give you an overview of their own investing guidelines and advice. Number of members.
Securities and Exchange Commission Office of Investor Education and Assistance 450 Fifth Street, N.
When you use a discount broker you wont have to pay a huge commission to a full time broker. Even those complete newcomers to the stock market will have a valued opinion and pieces of information that when you add it all together equals a lot of thinking power. All positions should be clearly defined so that members can be elected to these positions.
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