Are You The Right Person to Start an Investment Club? - Finance Article

Republished by Resources For Attorneys The following article Are You The Right Person to Start an Investment Club? was authored by Jeremy Duncan and is republished in this directory with the author's permission. This directory is listed as service to attorneys, lawyers and the internet community. Are You The Right Person to Start an Investment Club? By: Jeremy Duncan Do you have the prerequisite qualities that allow you to start an stock investment club? First of all, what is an investment club? It can be simply defined as a group of people who poll thier resources to make a large investment in the stock market, who share a common interest in investing 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) Can you let others make a decision? 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 all the answers above point to you being the ideal candidate, go fot it! 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/ This article was posted on February 28, 2006 For more information and articles on finances see Finances Articles From Resources For Attorneys or for other lifestyle resources and articles see Lifestyle Resources From Resources For Attorneys The opinions, statements and information contained and expressed in the foregoing article are solely those of the author. No position for or against, agreeing with or disagreeing with anything contained in said article is taken by Resources For Attorneys.com or The Lifestyle Directory From Resources For Attorneys.com. We do not assume or accept any liability for the use of the information contained herein. This article is published solely as a service to attorneys, lawyers and the internet community. Anyone who does not accept this disclaimer is not authorised to read or use this article in any way. about resources for attorneys   resources for attorneys home   submit an article report bad links   contact us    Page Set Up ©Copyright 2006 Resources For Attorneys.com, a directory of legal and lifestyle resources. All Rights Reserved Worldwide.