Investment Clubs Manual008

Investment Clubs Manual008 - joining a club And...

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Unformatted text preview: joining a club. And incidentally, when you consider potential members, 90 for variety as much as possible. People of different ages with different work experience will give breadth to the expertise of your club. A major aim of Investment clubs is to enable members to learn from each other’s experiences. in some cases this experience will be Ii mited, but clubs offer a real opportunity for new investors to learn quickly by investing a little - something which is impractical on one’s own. When an individual Is approached and Invited to join an investment club, the whole idea is probably new to them. he/she may well think it’s wise to be wary. There may be a thought that this is another gimmick to sell Insurance or one of the many commercial pension schemes. Quickly explain that no-one gets paid for running an investment club. Make it clear from the start: investment clubs are entirely in control of their own finances - with no strings attached. At the informal chat, all you need to decide is: 1. Who else, if anyone, you want to Invite tojoin. 2. The likely level of monthly subscription which you may decide should be the same for everyone, or varied depending on individuais’circumstances. 3. A venue for your regular meetings. 4. A date and time for a preliminary meeting to which your list of potential members will be invited. 5. Who will chair that meeting. Remember, this is an informal meeting and nothing is set in stone. but at least you will have established areas for discussion at the preliminary meeting. Variety Is the spice of life for investment clubs. The expertise of your membersh should cover as many sectors of the stockmarket as possible. Go for a range of ages too, that way you get a balanced perspective on things. October 2008 ProShare Investment Club THE MANUAL...
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