Investment Clubs Manual012

Investment Clubs Manual012 - Build up a strong base to your...

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Unformatted text preview: Build up a strong base to your portfolio before you decide to speculate. This might involve purchasing shares in several ’blue chip'companies i.e. those companies which are large, relatively stable and probably household names before buying more 'sporty’ investments. Q Why should people put their savings Into sham rather than the bank or building society? A investment in company shares is proven to be a most lucrative form of investment provided it is done over time and with care and knowledge. PiC does not encourage people to put all their savings into the stock market. As a rough guide we suggest that the money an individual decides to invest in shares should be cash he does not want to use for at least five years. in this way the variations in the market should, over time, even out. Clubs, like individuals, should aim for a varied and balanced portfolio to protect against fluctuations in particular sectors. Q Surely what an Investment club needs to succeed is good advice. PIC is not authorised to give advice so who does the club ask? A Much of the information provided on our website, www.ProShareCiubs.co.uk, will enable clubs to move towards their own investment decisions. The actual taking of those decisions lies at the heart of the fun and success of investment clubs. PIC does not offer advice on individual shares but it Is able to guide clubs on how and where to obtain investment information. This guidance is detailed on the website, together with an extensive list of products and services designed to enhance your club’s investing abilities. Q How does an investment club register its Investments? A The two most used methods of registering investment club shares are via club trustees or a nominee company operated by the club’s stockbroker. These two methods and their relative strengths and weaknesses are considered later in The Manual. Q How do individuals declare their Investments to the Inland Revenue? A Part Three ofThe Manual gives a full answer to this question. October 2008 ProShare investment Club THE MANUAL...
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