Investment Clubs Manual009 - October 2008 The preliminary...

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Unformatted text preview: October 2008 The preliminary meeting At the preliminary meeting, you should: 1. 4. Discuss with those you have invited the principles of an investment club and emphasise that everyone who joins will be expected to contribute more than just their monthly subscriptions. Their opinions will be more valued than their money and they will be asked to help with research into shares and attend meetings on a regular basis. Discuss ideas on when, where and how often future meetings are to be held, the subscription level you are suggesting and whether this can be varied between members. Consider too whether you want to put In an initial lump sum to enable the club to Invest early In Its life. Make sure that everyone understands that membership and an investment club Is not for those who want to get-rich-qulck. It Is a haven for those who want to get rich slowly but surely and, most importantly, it will give everyone the chance to learn about Investing wisely, Set the time and place for your club's inaugural meeting. Before the Inaugural meetlng Before the Inaugural meeting, you should: 1. Send out a copy of the proposed constitution and rules, so potential members can suggest amendments before these are formally adopted. Fix an agenda, which should include the election of club officers (there is usually three main officers — the chairperson, honorary secretary and honorary treasurer). Decide who will take the minutes at the meetlngt Take suggestions for a name for the club. At the Inaugural meeting At the inaugural meeting, you need to vote on a name for the club then: I. 2. Formally adopt the club’s constitution and rules Elect your officers. Arrange to register the club's details with the National Register of Investment Clubs at our website - wwaroShareClubs.co.uk . Fix the subscription arrangements. . Discuss investment policy and discipline— although you may want to wait until you have a reasonable amount of money In the club fund before you actually buy your first shares. ProShare Investment Club THE MANUAL ...
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