Tips on How to Have Successful Investment Club Meetings
After the initial step of finding just the right people to invite into your investment club,
you have to decide how, when and where the meetings will be held. If your members are
all friends and family members, it should be fairly easy for you to get together on a
schedule which will fit in very nicely with everyone. If you happen to have found all of
your investment club members online, then you can pretty much assume that all of your
meetings will be held online.
A very useful tool for having online meetings is a webcam. It will allow everyone to get
better acquainted with one another, and feel more at ease with the people they will be
doing financial transactions with. There are many online sites which will allow groups to
make their own meeting room and they are compatible with webcam software. Online
meetings would have a flow all their own, but business could be conducted very easily in
this manner. If at all possible, it would be great for the group to meet in person on a
specified date every year. It helps with the social bonding and building of trust among the
group.
Hopefully, you have been able to find club members which live within a general
proximity of where you do. When the club members live near enough for them to have
meetings in person, meetings tend to go much smoother, and communication is much
clearer.
The first meeting of your club will be a very busy one, and probably the longest meeting
you have in a while. The club will have to decide on who will play what roles for the
club, the monthly contribution amount will have to be set and initial contributions will
need to be collected. The club agreement will have to be drafted and everyone must agree
to and sign it. The meeting place will have to be established, and the time set for
consequent meetings.
The club will have to agree on whether to use an online broker, or a local full service
broker. The group must also decide whether they would like to join the NAIC. Then of
course there will have to be a name chosen for the group, which tends to be the most
enjoyable part of the first meeting.
Your investment club can have a lot of fun at meetings, and be very educational at the
same time. For some the club is a social occasion with the bonus of a profit. It doesn’t
make any difference if you are a serious investor, or if it is more of an interesting hobby,
investment groups can be educational, profitable and fun.
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