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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.

 

 

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