The (NAIC) National Association of Investment Clubs can provide much of
the trading information you need to know about starting your own
investment club. The Web site has pages full on advise on investment
clubs, you can go to "About Clubs" link on the front page NAIC site.
Another web site with info can be found online at Investment Club
Central. They provide a directory of resources about investment clubs
from all over the internet.
Go to "Articles" to learn more about investment clubs and operating one,
they have club software that can be purchased to set up the finance of
the club and stock analysis. Yahoo has Investment Club Central is its
directory of Web sites of investment clubs.
Investment clubs have more buying power when they make a stock or
forex buy. If you are trading on your own you may not have enough
money to invest in the stock market or forex market being in a club
will increase your profits.
By combining your investment dollars with the dollars of other members in
the trading club you’ll have much more money to invest in stocks or
currencies.
Remember that just as there is strength in numbers there is a shared
sense of security when you’re not investing alone. This is very
helpful also if the club takes a loss on a trade. The winners and
losers are spread out among the members according to how many units
they have purchased in the club.
Finding members for the investment club is done by talking to
your friends and family members that are interested in investments.
Distribute information about your investment club to anyone who has
expressed interest.
Remember you have a lot of resources to help you, such as the online
community at the Yahoo web site. Print out the material such as the
club's agreement all members will need to sign it with a witness. You
want people to learn what your investment club is all about and think
about whether they're really interested. |
