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Investment Clubs Manual017

Investment Clubs Manual017 - October 2008 There's always a...

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Unformatted text preview: /'\ October 2008 There's always a chance that some of your share dec ons will be wrong and, in the early days particularly, the club may experiences losses. This must be an aggravation. never a disaster. so keep club subscriptions at a level that everyone can easily afford. The long term purpose is to make each individual member an experienced investor who can start to build a meaningful personal portfolio. Venue Iormeetlngs This can be important in attracting or discouraging membership. Enthusiasm can wane rapidly if the social surroundings are not amenable. Some clubs meet in members’ homes. More usually meetings are held in a club or pub where a private room can be made available in return for the expectation of increased trade! One club we know meets In a different hotel or restaurant every month where the brief meeting is followed by a lengthy dinner during which investment suggestions are discussed. it is recommended that where an association of work-connected people forms a club, if possible, meetings should be held away from the place of work. Beware of potent new members who say, while they are happy to pay their monthly contributions, they will not be able to attend more than half the meetings and/or they will be too busy to help with researching shares. The club needs their brain power and their enthusiasm. not just their money. Frequency, time and dates of meetings Meetings are normally held monthly. This does not have to be a hard and fast rule but longer gaps would seem Impractlcal if everyone is to keep in touch with the stock market. Most clubs set a regular pattern, say the first Tuesday of each month. This first meeting is an ideal time to determine the availability of those present, although the decision will eventually be up to all the members. It is a good idea to mention that a high degree of attendance is expected from members. Towards the end of this meeting the chairperson may ask for a show of hands to indicate those who, at this stage, think they would like to Join. Preliminary application forms are useful if only to keep a record of names. addresses and telephone numbers of those to be contacted later. ProShare investment Club THE MANUAL ...
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  • Spring '10
  • Dr.Merker

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