I want to start an investment club or join one.
2007-02-06 23:55:59 · 6 answers · asked by curiousg 1 in Business & Finance ➔ Investing
As any investment you have to face all of the facts....even if they are negative or positive...
1st the negative......if you start it or join one you are dealing with other people and there money which can be very serious and risky. What do you invest in? How much do you invest? Who will be the manager of the club, etc...
2nd the Positive.....there are great rewards if you find the right investment and invest enough with the correct people....I have spoke with a couple of millionare and the made there money through these clubs.....they are long term investment and you will not see a return in many years to come...
Do all the research you can, learn everything you can, and ask all the questions you can...
good luck
2007-02-07 01:03:33 · answer #1 · answered by James 3 · 1⤊ 0⤋
Ask lots of questions before you join. Find out what happens to your money if you need to pull your money out.
This can be a great way to learn about different investments and combine your ideas with others. I don't recommend using a club as the long-term sole focus for your retirement savings. Try to use it as a learning tool and a hobby. Try to join a group that has some experience.
2007-02-07 02:00:37 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
Start at the link below to learn about investment clubs and how to start/join them
http://finance.yahoo.com/education/investment_clubs
http://www.fool.com/InvestmentClub/StartingAClub.htm
2007-02-07 00:20:17 · answer #3 · answered by random_market_investor 2 · 0⤊ 0⤋
Have no interest in my investments being effected by voting. Having political offices done that way more than enough :( Committees only produce failure.
2007-02-07 01:54:23 · answer #4 · answered by vegas_iwish 5 · 0⤊ 0⤋
the final thank you to administration your funds is to acquire know-how. Spend a while reading, getting to grasp, and putting into application countless the flaws you found out. no person has the magic bullet. you will discover your way, and be sure the final thank you to verify your investments to your possibility profile. do not provide all your funds to somebody to administration blindly and surprisingly somebody who tells you that they have got certain approaches to make funds.
2016-09-28 13:14:30 · answer #5 · answered by ? 4 · 0⤊ 0⤋
They are fun but if you want to make money just go into a mutual fund.
2007-02-06 23:59:56 · answer #6 · answered by ? 6 · 0⤊ 0⤋