Investment Clubs


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To start an investment club the first step you need to do is find a few like minded people who are interested in learning to invest. These can be relatives, co-workers, friends. Once you have potential members schedule a meeting and talk about goals, desires and willingness to commit to this venture. Many clubs operate on the 80-20 rule, which is 80% of the work is done by 20% of the members. If all agree to this endeavor the next step is to get a copy of a Partnership Agreement, read it and amend it to you fit the requirements of your Club. Next discuss an Operating Procedures Agreement that will cover duties of members, meeting times, dues, etc. This can be amended without changing the Partnership Agreement. If you have these documents signed and all are on board you need to become legal. Go to the IRS site and request form SS4, complete this and send it in. This will be your tax identification for your club.This will take four to six weeks so in the meantime schedule meetings to get ready to begin the journey. There may be problems along the way but nothing that other clubs have not overcome. Now, about setting up a brokerage account.

Click the link below to download a Sample Investment Club Agreement (MS Word):


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