I Want To Join Investment Club

[gabikwulono]

Can you kindly introduce an effective, reliable and promising investment club to me?

[fesola]

I am trying to form one. I will contact you once all modalities are finalised.

[gabikwulono]

Fesola,

I will appreciate that.

[frankiriri]

I am in the process of forming an investment club with like minds.
I will like contributions on the best legal form.
I have thot of limited liabilty company bt all the rquired filings and
documentation will eat into the start up funds.
Can anyone make suugestions along this line

[gabikwulono]

Frankiriri,

Your efforts towards forming an investment club is highly welcome. You may wish to liaise with Fesola who has same intention.

As regards whether limited liability company or not, I want to suggest that you may also have to contact Corporate Affairs Commission and or experienced stockbroker who may wish to offer professional advice.

I also want to be part of the club.

[namdo]

Originally Posted by fesola

I am trying to form one. I will contact you once all modalities are finalised.

..and if we need to contribute in any sense, PM me here.

[Dis GuY]

Originally Posted by frankiriri

I am in the process of forming an investment club with like minds.
I will like contributions on the best legal form.
I have thot of limited liabilty company bt all the rquired filings and
documentation will eat into the start up funds.
Can anyone make suugestions along this line

will you be adding a website so people can follow their portfolio?
I think you should get a really good stockbrocker involved too, so things can be a bit easier

if its good and scam free count me in

[GOING GLOBAL]

Good Day Fesola,

I have sent you a personal message.

Looking forward to hear from you soon.

Thank you.

[Joseph Agbor]

Good! you have to exercise patience.

I am also interested but we will have to look out for men of integrity, honesty and above all God fearing to have them in the club.

An amount will be invested by each investor monthly, bi-monthly, etc as the case may be.

Joseph

[ghm]

Wher are you guys located?

I won't mind joining you if and only if we have some proximity. I am in Port Harcourt.

[favourme]

Hi guy,

I am interested in investment club. I'm in delta state. Send me more info.

[dotunk]

Fesola,

great to hear you are starting an inestment club. wont mind joining especially after i have read your proposal. so you can get in touch with me via this medium or email me at dotunk@yahoo.com

[Miss_Risky]

Hi Guys,
I'm a newbie on the forum but couldn't resist adding my two-pence worth to this discussion. I came across this article on the net and thought I'd share it with you. The points are worth considering while forming your investment club.

Written by Dr. Boyce Watkins
Wednesday, 16 August 2006
The easiest way to lose a friend is to go into business with them. But making money can be like making love: If you do it with someone else and do it well, they are going to like you a lot more in the end (aiy??). Here are quick tips for forming an investment club without creating a financial nightmare. Below I list ideas you should keep in mind when forming a club. Afterward, I give a list of “don’ts”, followed by specific steps for getting started

Teach each other how to fish – make sure that your investment club has a strong educational component. The goal is not just to make money, since learning AND making money is the best way to get a great return on your investment.

No dead weight allowed – make sure that everyone is an active member. Having a set of passive participants is not only irritating, but it can cause your investment club to be defined by the SEC as a mutual fund, leading to so many legal regulations that you might need to call Johnny Cochran in heaven to get you out of it (a long distance phone call I’m sure). (OK, the last bit may not apply in Naija but still, no dead weight is a good one)

Invest with people you like personally, and trust financially. Investing with a bunch of strangers can be risky and dull. Investing with friends can be more fun. However, those friends should be financially sound and reliable, for you are risking your friendship along with your money. Remember: your relationships are the most valuable asset in your life portfolio, and you want them to remain protected.

Make sure you are all on the same page and share the same vision. Here is a short check list to see if you are eye to eye:

Compare Investment strategies: Are you a long-term investor or a quick trader? It is ok to be either one, just make sure that everyone has the same mentality.

Is this your nest egg or fun money? Mixing your nest egg with someone else’s fun money is the quickest way to get your eggs broken.

Asset allocation choices: What kinds of assets do you prefer? Do options make your stomach turn? Are you a real estate junkie? Discuss this with your partners before mixing your money together.

What are the rules going to be? How do we choose new members? What happens if we want to divest? How often are the meetings? Can I miss meetings regularly?

Is making money our number one goal, or do we have a broader purpose? If you want to save the community while making money, make sure that your partners want to do the same.

How are disputes going to be resolved? Remember: when money is lost, friendships are the most jeopardized asset. Clear resolution dispute can be your insurance.

Here is a list of surefire ways to make your investment club a horrible experience (i.e. things you DO NOT want to do):

Allow some of your members to be inactive

Buy stocks without doing sufficient research

Keep changing your investment strategy

Keep members in the club who are not paying regularly

Don’t treat your club like a business

Engage in poor record-keeping


Quick simple steps to get started:

Form a Limited Liability Corporation

Carefully choose your members, preferably no more than 10 to start

Put together your rules and by-laws

Start doing research on your investments

Begin investing!


And in the end it's not the years in your life that count. It's the life in your years.
-- Abraham Lincoln

[babs]

thx ms Risky, your points are well noted. FYI - to those who doesn't know yet, Frank Iriri club is also known as bettainvestmentclub. Very informative site with Market reviews http://groups.yahoo.com/search?query...investmentclub

[alade]

Originally Posted by ghm

Wher are you guys located?

I won't mind joining you if and only if we have some proximity. I am in Port Harcourt.

Hello guys,
I am really impressed about your decisions concerning the formation of an investment club. But by the way, there are so many issues to consider in terms of legal, social, institutional, and economical influences. Anyway, I wish to make my contributions in whatever form it is welcomed.

[kunle6121]

Hi Frankiriri,

I am also interested in the investment club if it is based in Lagos. I have also been thinking about doing something like that. I will suggest you include a Stockbrocker/Financial Analyst, and if possible someone with legal background. i also think it is better if it is duly registered for long-term and security of investments. Let me know when you are ready to start. I will not mind contributing to the initial registration too... I guess if you can get at least 10 committed members, we can start off something... Ofcourse that also depends on the contribution plan.

Ciao.

Kunle

[uche1]

Plz i will like to join your investment club, add me to your list bloomsteck@aol.com