Starting Your Own Investing Club - Part 1
By Ultimate Trading
Finding Members & Meeting With Your Investing Club
Congratulations! Youve decided to start your own investing club.
But one person alone is not enough to be an investing club, so the
first thing youll need to find some more like-minded people. There
are a few ways you can accomplish this.
If you have friends who have expressed an interest in the stock
market, or in investing, you can approach them about joining your
investing club. You can also place advertisements in newspapers or
on community bulletin boards letting people know that a new
is forming. However, once the investing club has formed you will
need to be cautious about placing advertisements again. In the
United States, those can be seen as solicitations and are illegal.
The important thing to remember is that you want to attract people
who have an interest in learning about the stock market while they
invest small amounts of money. Dont be concerned if the majority of
the people who have expressed an interest in joining your investing
club are new to the stock market. It can be a good thing that your
investing club is composed novices, since people who have prior
experience with the stock market may quickly become frustrated
dealing with others who are amateurs. There are also many resources
available to help you, and your investing club members, learn about
investing and the stock market.
Before you set your first meeting, you should give your members some
information about the investing club, explaining its investment
goals, how it will be run (one member, one vote, or proportional
voting), how often it will meet, etc. Many of these aspects will be
fine-tuned in the first meeting.
When you meet with your investing club for the first time there are
several things that youll need to discuss. Make sure everyone has
the opportunity to contribute to the meeting so that all opinions
are taken into account. The following general principles should all
be covered in the first meeting:
· Discuss the exact details of how the investing club is going to be
run. At this time you can talk about the goals of your club
administration and how you plan to achieve this organization.
· Make all members aware of the commitment level that is required to
participate in an investing club. This will give anyone who has
second thoughts a chance to decline being a member, and will
reaffirm the commitment of other members.
· An agreement should be reached about the investing style your
is going to focus on. Take a vote if the group is divided about any
investing issues. Since this is the first meeting any member that is
in serious disagreement about the decisions made can to decline
being a member. Members should agree that this is long term
commitment, not an opportunity to get rich in a year or two and then
leave the investing club.
· An agreement should also be reached on how much money each member
is going to contribute each month. Keep in mind that you can make
changes to the minimum amount policy at a later date. Many clubs
start out with small contributions of anywhere from $25 to $60
dollars. This money is used for the clubs administrative fees as
well as a contribution into the investing club fund.
There are several other administrative issues that youll want to
discuss at your first investing club meeting such as:
· Meeting times. All members should agree on (1) the days and time
that youre going to meet (an investing club should meet about 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.
· Number of members. Studies show that a good size for an investing
club is approximately 12 to 15 members. When you limit the size of
the investing club to this many members youre still small enough to
hold meetings in members homes.
· Meeting place. You might want to come up with a few meeting
places, such as a local library or café, to use as an alternative
· An investing club name. Youll want to come up with a name for
your investing club. You dont need to make this decision on your
first meeting but members should come to the next meeting ready with
several ideas to share for a club name.
Once youve agreed on all of these issues youre ready for your
second meeting where youll be taking care of more of the finer
points of investing, such as legal details and tax issues.
To prepare for some of the more detailed information and decisions
that youre going to have to make you should consider asking members
to volunteer to come to the next meeting with the one of the
· partnership agreement forms
· information for preparing a mission statement
· banking information
· legal forms, such as tax information
· information about forming a partnership
· local bylaws about investing
· broker information
· accounting information
· investing information and articles
· a listing of current members, including phone numbers and
The initial first meeting will establish the basic guidelines for
the way your
investing club is going to be run and what your goals are going
to be. Youll want to make sure that the majority of the members are
thinking the same way about these issues to get the investing club
off to a good start.
About To Learn Secrets Most Traders Will Never Know About Profitable System Trading..."
Inside you’ll learn...
to design a winning system from scratch and exactly what
to do to supercharge your current stock trading system!
one ingredient you literally "Drop" into your
stock trading system that can triple your profit!
to use “secret” money management techniques
to minimize your risk.
tools the professionals use and how you can get huge discounts
(charting software, data, etc).
you'll also get a FREE copy of David Jenyns’ complete
Ultimate Trading Systems Course…
Just enter your name & email - then click the “Click
Here For Free Instant Download!” button. (All information
kept 100% confidential). The download details will be
emailed to you immediately.
take your privacy very seriously. My
personal privacy guarantee to you. I respect your privacy
and will never share your email address with anyone. You can
easily unsubscribe at any time. View our Privacy
Policy - David Jenyns Founder of www.ultimate-trading-systems.com