Investment Club

“Successful groups have been started among church choirs, people living in the same apartment building, bowling leagues, softball teams, bridge clubs, or groups of co-workers.”

- Lorayne Fiorillo, author of
Financial Fitness in 45 Days

If you’re interested in starting up investment club, consider the following guidelines:

Start by contacting the National Association of Investors Corporation (NAIC) for guidelines on how to start and run your own investment club.
Host a recruiting party for friends and colleagues to acquaint them with your plans and goals.
Choose anywhere from 10 to 40 members--most clubs average 16 members.
Establish how your club will operate--most commonly as a partnership (the NAIC guidelines can help walk you through this step).
Elect officers and assign responsibilities to individuals or committees to ensure that every member has an official role within the club.
Establish a meeting schedule, place(s), and time--most clubs meet once or twice a month.
Determine how much time each member should spend on research or other advance preparations for meetings.
Establish the initial investment amount and/or monthly contribution--usually from $25 to $50 per month per member.
Select a brokerage firm that will handle your trades and decide whether or not you want a broker dedicated to lending advice to the club.