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Below are some suggestions
for starting your Online Investment Club. These suggestions
will help to organize your club and enable it to run efficiently.
There are also many things you can do to learn investments
at MsFinancialSavvy.com listed below. Be sure each member
reviews the list of suggestions below before starting.
Select Your Club Members - Choose from family members, friends,
neighbors, co-workers, church members or others you know
in social groups. Include members, who will offer a diversity
of backgrounds, occupations and knowledge - this will help
generate new ideas and provide interesting discussions at
your club meetings.
Agree on a Common Investment Philosophy - A long-term investing
approach that focuses on selecting growth companies has been
proven to be successful as opposed to a short-term, market
timing approach. Many long-term investors follow a fundamental
approach to investing by researching the company's products,
industry, competitors, and management factors as well as
technical-based factors such as price over time, earnings,
previous dividends paid, stock splits and comparison to the
market indices.
Schedule a Regular Club Meeting
Date and Time Online and Start Your Education Program- Within the
first two club start-up
meeting, it is important to set a regular meeting date and
time each month or bi-weekly. Setting up a regular meeting
time online will increase your club participation. It is
important to start a regular education program at each club
meeting, teaching your members how to analyze and review
companies for investment. During the year, each member will
be asked to make presentations on investment education in
MsFinancialSavvy.com, new stocks or review stocks your club
already owns, you can first start with learning and reviewing
the investment tutorials in MsFinancialSavvy.com. Use your
company's website to get the most current information about
your company. Use our Interactive stock
quotes box to track
your list of 20 stocks.
Adopt you Investment Club Agreement & Elect Officers - Adopt a general partnership agreement for your club. You
can change your agreement as your club progresses. Elect
officers of your club such as President, Vice President,
Secretary, and Treasurer. You won't need to collect money
in your Online Investment Club; you can each purchase your
shares or partial shares through "Sharebuilder" Online
Bank.
Register Your Club With MsFinancialSavvy.com Investment
Clubs - This will enable you to have a position on our message
boards and meet your members in your own Investment Forum.
Each Club member must individually register for our Message
Boards so they can post questions, and reply's in your
Investment Club Forum.
Use MsFinancialSavvy.com as a regular and ongoing resource
- study and review budgeting techniques (MsFinancialSavvy.com
101), Stocks 101, Mutual Funds 101, Stocks Glossary, Mutual
Funds Glossary, all accessed from our "Tutorials" page.
Review Investment books purchased. Use and review our Financial
Calculators important
to
your
club members.
You can find other things to do at MsFinancialSavvy.com
as well, all of these exercises for your investment club
can be found at the MsFinancialSavvy.com home page.
You can set up a private investment club
at our forums if you are a MsFinancialSavvy Host or Member.
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