A small group of people I work with are looking into starting an investment club. Any suggestions, or things to watch out for?
2006-12-31 06:51:33 · 3 answers · asked by what? 3 in Business & Finance ➔ Investing
yeah .....include me....someone on the OUTSIDE....exchanging IDEAS....UN-bias to your friendship....try to make paper moves first...maybe their are some better than most (pickers) chart that with-in your group and mine, give it like a point system....meet once a week in your group- each having 3 companies, go home on your own - give them all (how many you may have 6 members(18 picks)- maybe 12 stocks - some will overlap, rank them 1-12 most likely the first 2 won't cut it BUT 3,4,5,6 might..(NO talking about points until the next meeting...Important).....GOOD LUCK
2006-12-31 08:17:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Been there done that...
The club I started, we all did our OWN stocks / mutual funds. This worked great for when members wanted to move on .... We didn't have to sell anything and give them their share. Everyone had their own but came to meetings and learned as they went.
My husband wanted to start one but too many men complained that they couldn't come up with $50 a month for investing. We laughed and moved on and now we stick to doing what we do all by ourselves. The "group" got annoying but then I am not much of a people person or a group joiner.
Good luck with it and be ready for the complainers and whiners !!
HAPPY 2 0 0 7
2006-12-31 10:01:18 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
Go to www.motleyfool.com They have lots of info on the subject.
2006-12-31 09:59:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋