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November 19, 2006 Investment Clubs One way of getting into investing without having much experience is to pool resources with other investors and form an investment club. You can also join an existing club if there is one in your area with openings for new members. Investment clubs came to national attention a few years ago with a group of ladies in Illinois (The Beardstown Ladies) who managed to gain substantial returns on their money and ended up appearing on some syndicated TV and radio shows. (There was some calculation error on the part of the ladies (unintentional, I am sure.) that caused their returns to look better than they actually were, but that’s a whole other story.) The purpose of investment clubs, generally speaking, is to share knowledge and risk. The money invested comes from two different places. One is the initial investment (a lump sum investment) and then some regular contribution (such as $50 per month, or whatever the rules dictate for the individual club) Once an investment pool has been established members search out and do “due diligence” on different investment options. Members then share the information and vote on what to invest in, and when to sell and buy. These clubs are generally set up as a partnership or a limited liability company. To get the lowdown on the rules and regulations about investment clubs straight from the horse’s mouth visit www.sec.gov/investor/pubs/invclub.htm Most investment clubs are set up as long-term groups and will have well defined rules regarding research, investing, joining, and departure of members. They can be excellent sources of social interaction and learning. Investment clubs are not limited to the stock market. Today you can find real estate investment clubs and stock market clubs. You can use a search engine and probably find other variations on these two themes. Good luck and Solid Investing to all, Rob
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Want a scholarship into the Millionaire Mind Intensive worth $2590? http://www.secretsofthemillionairemind.com The columns, articles, message board posts and/or any other features provided on Wealth Training Source are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author’s own and there is no implied endorsement by Robert Britt of any advice or trading strategy copyright Robert E. Britt 2006 |
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