Investment club is one of the greatest concept to invest together.
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Investment Club Description
An investment club is typically formed by a group of individuals who want to learn how to invest in the stock market by pooling together a small amount of money each month. Not all investment clubs invest in the stock market; some decide to invest in properties, trade FX currencies, or artwork for example.
Investment clubs provide a supportive environment where investors can learn how to invest by sharing knowledge and experience, with the benefit of being in a social club with like-minded people. Club members typically bring together a diverse collection of people and members take on various roles and responsibilities depending on their strengths and weakness.
Typical roles within an investment club include
Chair – coordinates the other club members and ensures that each club member fulfills their commitments to the club
Treasurer – manages monthly member subscriptions, withdrawals, unit valuation, income/expenditure bookkeeping and investment club tax returns, such as Form 185(new) in the UK. It is not uncommon for the treasurer to also act as the club trader
Secretary – keeps a record of club minutes and general club administration
Research / Analyst – researches and analyses investment opportunities
Executive / Project manager – to manage technical needs in real estate projects and to organize communication between members and partners
Trader – ensures that the investment transactions that the investment club agree to are executed as planned
The Investment club members tend to meet regularly, typically on a monthly basis, to make an investment decision, discuss lessons learned and review past performance. They are typically organized as a legal partnership, however, some investment club chooses to be self-directed, whereby the club members meet each month to discuss investment decisions and thereafter club members invest through their own brokerage accounts, rather than investing collectively. Typically investment clubs have a bank account in the name of their investment club, which requires multiple signatures, where all members pay monthly subscription into, typically via standing order to cover monthly expenses of operation.