OK, We’re not really offering you a free decoder ring if you take advantage of the resurging stock market to start an investment club. What we have to offer doesn’t come in a box full of caramelized popcorn and peanuts.
But if you and some friends and family are interested in forming an investment club, you might be interested in some free startup information here.
Let’s face it, launching a club is more than just getting folks together over chips and salsa and throwing some money into a pot. There are legal and tax issues to wade through. BetterInvesting’s helped thousands upon thousands of clubs get a handle on them. Be sure to check out the flier “10 Steps to Forming an Investment Club.”
Free resources you can tap into include articles from BetterInvesting Magazine, a sample chapter of the Investment Club Operations Handbook and some essential tips to get your club started.
If there’s a BetterInvesting Model Club in your area, you might want to sit in on a meeting or two, to get an idea of how the seasoned folks run the business end of an investment club. For organizing the fun part of the meeting, you’re on your own.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was born out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks and mutual funds, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at http://www.betterinvesting.org/investing/landing/openhouse/blog/index.html or call toll free (877) 275-6242.