As beautiful as an investment club is, there are some things to consider before building or joining one. An investment club is not just what you start out of the blues neither is it built on a short term goal. When you plan adequately before starting one, your investment club can be a place where you learn about financial responsibility and how to build wealth. Also, the investment club can help you achieve your investment goal on time. Before examining the steps on how to build an investment club, there are a few things to consider.
What is an investment club?
An investment club is a team of like-minded investors who have come together to work as a body and achieve a collective investment goal. According to Lanta Evans-Motte, a financial advisor at Raymond James Financial Service, an investment club is a great way to learn about investment and become more knowledgeable about investment. An investment club is a place where investors join hands together to make a good return on investment.
As a member of an investment club, you would benefit from investment knowledge shared by other members of the club and from the in-depth investment research of the club. The investment club provides you with investment power. For instance, as an individual investor who wants to invest in the stock market, you might want to just invest $50, but in an investment club of 12 persons, you all might decide to gather the $50 and collectively invest $600 dollars. In so doing, every member of the club benefits from additional leverage on investment. Joining an investment club built on a collective goal is one of the best ways to get started as a beginner.
source: https://www.investingport.com/how-to-form-an-investment-club/
What is an investment club?
An investment club is a team of like-minded investors who have come together to work as a body and achieve a collective investment goal. According to Lanta Evans-Motte, a financial advisor at Raymond James Financial Service, an investment club is a great way to learn about investment and become more knowledgeable about investment. An investment club is a place where investors join hands together to make a good return on investment.
As a member of an investment club, you would benefit from investment knowledge shared by other members of the club and from the in-depth investment research of the club. The investment club provides you with investment power. For instance, as an individual investor who wants to invest in the stock market, you might want to just invest $50, but in an investment club of 12 persons, you all might decide to gather the $50 and collectively invest $600 dollars. In so doing, every member of the club benefits from additional leverage on investment. Joining an investment club built on a collective goal is one of the best ways to get started as a beginner.
source: https://www.investingport.com/how-to-form-an-investment-club/