Investment club usually refers to a group of people
who join hands to pool their money and make investments. They are organized as
partnerships where the members study different investments schemes, before the
group finally decides to buy or sell the investment schemes based on a majority
will of all the members. Grovest is the first venture capital company in South
Africa which offers various investment strategies for the investors and fund
raising schemes for the entrepreneurs. We have laid down all the details
regarding each and every such scheme on www.grovest.co.au. You can find
distinct and risk free solutions for your financial needs with the help of our
experienced staff.
If you wish to begin with investing but have no
idea how to go about things then join an investment club or start one of your
own. It takes a few simple steps to be followed to begin with your own
investment club. It comprises members who are inclined to study stocks, bonds
and such other investments idea. The members come together to pool in their
money in order to make joint investments. Membership of an investment club is
an easy way to educate yourself and others about investment and related
concepts, and to make investments on minimized risk by putting your heads
together. To make your task even easier we have laid down the following steps
in order to provide you food for thought about starting an investment club.
1. Find
potential members from your locality for your club, who are ready to invest
their money in different investments schemes.
2. Organise
a preliminary informal meeting once you get together with the people who are
interested, to discuss about the formation of an investment club.
3. Define
the goals for your investment based on the general investing philosophy and
approach that you all share. Also determine the method of financial
contribution by each member on a monthly basis and if it is consistent with
your goals.
4. Hold
an organizational meeting with professional approach to iron out all the
details. In this meeting decide about the name and infrastructure for the club.
Also define roles of members within the club like fixing responsibility for
president, secretary, treasurer, investor along with their term. Assign
specific duties to individuals, which will help in better management of your
club.
5. File
the necessary paperwork about the details of the club and members, before
beginning to invest your money in the market.
6. Gather
information about the procedures to be followed in different types of
investments and complete the relevant formalities beforehand.
7. Open
a brokerage or bank account to further the goals of your club.
8. Develop
an educational agenda to keep all the members of your club updated about the
new investment plans. Regularly hold meetings and discuss the advantages and
disadvantages of the schemes to finalise the best plan for investing.
9. Invest
atleast once a month as a group in joint investments based on your regular
meetings.
10. Timely
review the financial position of the club by analysing the net profit or loss,
individual investment progress and cash balance for future investment.
Thus, they are easiest way to enter into the world
of investment. There various advantages of investment clubs, because they are
the easiest and most economical entities to begin with. It is easy to operate
and maintain an investment club with coordination and cooperation among all the
members. Investment clubs facilitate you to learn, meet new people and make
valuable contacts. Active participation in club meetings is educational and
builds your confidence to promote individual investments also. So contact us
today for expert advice.
Author Bio:
The writer is an expert in the field of Business
Services with focus on Investment Club and Tax
incentives etc.