Investment clubs in campuses;is it a possibility?

[ajaojide]

Hello
i have been following your views on starting investment clubs. I will say that a lot of people have this kind of dream which was also what prompted me to search online. Ideas are given merit whenever you put it in motion and not just talking endlessly on it.
On campuses, believe me, thereare a lot of students wishing to pool money together to invest but they dont know who to bell the cat. Is it a hard thing to start clubs on our campuses?

[paragon]

no it is nopt that hard. The major task that has to be overcome is TRUST. if this ingredient is absect, ther will be no cohesion among members. IT also depends on the demography of people in your school, but it ios a very good idea.

There are many people that want to manage and invest their funds but do not know how. It takes proper planning and discipline

[Comrade Daniel]

Setting up Investment Club is very much possible in Campuses,becus the Instuitution where am scholling can now boast of one. It is named Investment and Motivational Club, (I & M) So i believe any Instiutution can also do the same.

[newton]

Sure! Its pretty much easy. Started one wt a couple of friends in my final yr n its still waxin pretty strong now n we'r doin a total of over 2m already (were now working) from the initial 5k each we put in.

[ndbc]

Originally Posted by newton

Sure! Its pretty much easy. Started one wt a couple of friends in my final yr n its still waxin pretty strong now n we'r doin a total of over 2m already (were now working) from the initial 5k each we put in.

am already putting things in order to start one wittin my area but one big challange is openning an acct with the bank which require a formal registration of the club. pls i want to know if the process is what i can contend with.

[akano0]

hi everyone,
i'm a student of O.A.U. I sincerely think investment clubs can sure be started on campuses cos i'm working towards starting up one very soon and have had to meet with a lot of people that are really interested,just working out the logistics has been the delay for now,but people's responses has been encouraging.So if you want to start one you sure can and if you want to join ours,you're also welcome.Akano

[adeoba okekunle]

Looking for investment club in London.I will like to associate with the guy that appeared on AIT Money Show.Can someone help to locate the investment club he is representing in london. The guy spoke intelligently on the programme.Thanks for your help

[ndbc]

can someone pls tell me the implication of incorporating my club b/c my lawyer told me that any name with investment attach to it must be incorporated. though my club have already started investing with the club name N broker must
always give cross cheque then banks need registered name 4 a current acct.
my question is, what tax do we pay as a corportion.

[isiazu]

Originally Posted by ndbc

am already putting things in order to start one wittin my area but one big challange is openning an acct with the bank which require a formal registration of the club. pls i want to know if the process is what i can contend with.

Hi, I saw ur post.The same basics apply in incorporating an Investment Club.

First, u have to go to any office of the Corporate Affairs Commission(CAC) near you to obtain an Application form.
This wiil enable a search to b conducted by the CAC to ensure the uniqueness of the name u have picked,so that u can chose another name if some other person(s) have chosen that name.

Then u will be required to prepare and submit a Memorandum of Association (constitution) that will guide the club's operation as well as names of persons to act as Board of Trustees.
Once u are registered, u can then open a current account with any of the banks, specifying the signataries to the account.

You can start buying at this point.
I wish u goodluck.