|
Are You The Right Person To Start An Investment Club?
By: Jeremy Duncan
Do you have the prerequisite qualities that allow you to start a stock
investment club?
First of all, what is an investment club? It can be simply defined as a group of
people who share a common interest in investing in the stock market, and pool
their resources to make a large investment in the stock market.
So are you the ONE to start an investment club?
Answer these questions:
1) Are you looking to make fast money?
If your answer is yes, this is not for you. You should consider investing on
your own. That will have higher risks of course.
A main feature of the investment group is to start to learn how to invest your
money and to invest for a long term rather than a short one.
2) Are you an expert on the stock market?
Take the investment club as an oppurtunity to learn the ins and outs of
investing, as a group, and slowly. So be prepared to be an amateur, to learn
from the group, and offer your wisdom and share your knowledge. If you stand out
as being the odd one out with plenty of experience (and pre-conceived notions
about the stock market), you may not do well in this setting.
3) Do you want to make a killing in the stock market?
Again, be realistic. You will be learning along with the group, makeing mistakes
along the way, and enjoying successes as well. If you have dreams of striking it
rich, you will be starting the club for the wrong reasons.
4) Do you have lots of money to invest?
You don't need a lot of money to start an investment club or to pay the dues and
monthly contributions. When you combine your investment dollars with the dollars
of others in the club you'll have a significant amount of money to invest in the
stocks that you've been watching and think may be successful.
5) Do you always make decisions on your own or unilaterally?
One thing that you should keep in mind is that your voice will be part of the
larger group and you may not always have a say in which stocks you want to
invest in. If you're unable to sit back and let another decision take the place
of something that you would rather see, then an investment club might not be for
you.
After going through the questions above, you will have a better understanding of
your suitability to start an investment club. If you answered NO to all the
questions above, then you may be the ideal person to start your very own stock
investment club, so go for it!
About the Author:
Jeremy Duncan has co-written a special report on "How To Start an Investment Club for Fun and Profit", which is at http://www.InvestmentClubProfits.com/
|
