Investment Clubs: 5 Things You Must Know Before Joining An Investment Club
- Date: 2007-09-30 - Word Count: 414
Share This!
Investment clubs are a great way to learn how to invest in stock or real estate. They are becoming increasingly popular. It is wise, however, to follow some simple guidelines before joining an investment club to be sure that you know what you're getting into.
1 Local vs. online investment clubs
If you enjoy socializing or face-to-face interactions, then joining a local investment club may be the best option for you. Members typically meet once a month. Local investment clubs often invite investing professionals or experts to speak at meetings. These talks are excellent opportunity for members to learn from others' investing experience and to ask questions.
You can easily find local investment clubs through word of mouth. Ask colleagues, neighbors, friends and relatives for recommendation. Chances are they may belong to a local club or know of someone who is a member of a local club.
Online investment clubs offer convenience. They usually have virtual chat rooms or forums where people can post questions and answers. If you don't have as much time to mingle with others or attend local meetings, then you may be suited to joining an online investment club.
2 Investment capital
Determine how much you can afford to invest. Some clubs have set minimums that must be met for investments. The beauty of investment clubs is that members pool their money to invest jointly. So, you don't need to have massive capital to begin investing.
3 Investment period
Make sure that you find out how long your money will be tied up before making any investments. Some clubs have set rules on the minimum length of time for an investment. Don't get stuck paying a penalty that will negate any potential profits from your investment.
4 Beware of scams
Get rich quick schemes are abound, especially on the Internet. If something looks too good to be true it probably is. Most legitimate clubs don't charge joining fees. Before joining an online investment club, check out its reviews by other members. Determine how long the club has been running and its investment performance.
5 Read the fine print
Before signing anything, read everything over thoroughly. Be sure that you understand your commitment and are comfortable with the terms and conditions of the investment club. Check for any hidden fees or penalties for early withdrawals.
Investment clubs can be an interesting and fun way to learn and invest. As long as you make wise decisions and keep a diverse portfolio you will likely be able to make some decent profits through your investment club.
1 Local vs. online investment clubs
If you enjoy socializing or face-to-face interactions, then joining a local investment club may be the best option for you. Members typically meet once a month. Local investment clubs often invite investing professionals or experts to speak at meetings. These talks are excellent opportunity for members to learn from others' investing experience and to ask questions.
You can easily find local investment clubs through word of mouth. Ask colleagues, neighbors, friends and relatives for recommendation. Chances are they may belong to a local club or know of someone who is a member of a local club.
Online investment clubs offer convenience. They usually have virtual chat rooms or forums where people can post questions and answers. If you don't have as much time to mingle with others or attend local meetings, then you may be suited to joining an online investment club.
2 Investment capital
Determine how much you can afford to invest. Some clubs have set minimums that must be met for investments. The beauty of investment clubs is that members pool their money to invest jointly. So, you don't need to have massive capital to begin investing.
3 Investment period
Make sure that you find out how long your money will be tied up before making any investments. Some clubs have set rules on the minimum length of time for an investment. Don't get stuck paying a penalty that will negate any potential profits from your investment.
4 Beware of scams
Get rich quick schemes are abound, especially on the Internet. If something looks too good to be true it probably is. Most legitimate clubs don't charge joining fees. Before joining an online investment club, check out its reviews by other members. Determine how long the club has been running and its investment performance.
5 Read the fine print
Before signing anything, read everything over thoroughly. Be sure that you understand your commitment and are comfortable with the terms and conditions of the investment club. Check for any hidden fees or penalties for early withdrawals.
Investment clubs can be an interesting and fun way to learn and invest. As long as you make wise decisions and keep a diverse portfolio you will likely be able to make some decent profits through your investment club.
Related Tags: how to start an investment club, starting an investment club, investment clubs, investment club, stock investment clubs, real estate investment clubs, youth investment clubs, high school investment club, student investment clubs
Investment clubs have been growing tremendously in recent years. Many people who feared about investing on their own have reaped the rewards by joining or starting an investment club. Learn more about investment clubs and at www.aboutinvestmentclub.com Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are
