Now that it is evident that over the recent past, the number of investment clubs also called investment groups has grown phenomenally. An investment club is a group of individuals who meet on a regular basis for the purpose of investing money.
The invested sums can be as little as $10 a month. The first investment club on record dates back to the 1800s in Western America. Various online communities devoted to this type of investing have recently emerged and have contributed to the personal investing boom in the United States. One of the reasons that people come together in investment clubs is to learn how to invest. While investment clubs are commonly organized with members contributing money and investing as a group in a single club portfolio, members of other self directed Investment clubs simply meet and learn about investing but invest on their own. With the advent of computers and the internet investment clubs have also moved into cyberspace.
Investment clubs are generally formed as general partnerships, but could also be formed as limited liability companies or limited liability partnerships (in states that allow them). more on wikipedia
Joining one has become almost the norm. An investment club is typically a group of family, friends or co-workers who have teamed up together to pool funds and invest them collectively in assets such as the stock market and real estate.For an investment group to work, it is important for you to look for like minded individuals who are committed and intent on going to the next level. Look for people who want to share research and knowledge about the market. Look for people who are pursuing different careers from your own so that you can have a mix of ideas. more on businessdaily.
Equity Bank, Britak and Housing Finance have launched a product targeting these investment groupds dubbed Hekima Milele that ius set to radically change the way investment groups have been doing their business. Talk about a financial supermarket and its new products!
Some useful tips on starting and running a successful investment club are available. Smaple this:
-How to start a club i.e starting and running profitable investment clubs.
-Learning from the wonderful world of proshare investment clubs.
-Endeavoring to undertake better-investing.
-Australian stock exchange tips on investment clubs.
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Friday, December 7, 2007