Comments on: How to Start an Investment Club http://www.mydollarplan.com/how-to-start-an-investment-club/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: destiny http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-5289 destiny Tue, 14 Oct 2008 15:05:11 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-5289 can i get a PDF format of how i can start an investment club ? can i get a PDF format of how i can start an investment club ?

]]> By: kevin http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-3902 kevin Fri, 11 Jul 2008 01:53:11 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-3902 I'm interested in starting an investment club, but i still need a little direction. As of now i'm having difficulty with the club charter. Is there any way to get ahold of a sample charter for a rough guideline? I’m interested in starting an investment club, but i still need a little direction. As of now i’m having difficulty with the club charter. Is there any way to get ahold of a sample charter for a rough guideline?

]]> By: Madison http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-2685 Madison Fri, 25 Apr 2008 13:43:43 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-2685 @ misanthropope: Luckily we use Scottrade, so we have very little in terms of transaction costs, only $7 a trade. The only other cost we have is our Bivio software. We operate on the cheap! @ misanthropope:

Luckily we use Scottrade, so we have very little in terms of transaction costs, only $7 a trade. The only other cost we have is our Bivio software. We operate on the cheap!

]]> By: misanthropope http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-2666 misanthropope Thu, 24 Apr 2008 07:53:59 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-2666 i appreciate having a sense of having "teammates", particularly if they really are going to help with the heavy lifting, but there is just no way in hell i abide by majority decision when it comes to investing my money. investing clubs significantly lag their benchmarks, one reads. something about high transaction costs. no doubt this particular club is an exception. i appreciate having a sense of having “teammates”, particularly if they really are going to help with the heavy lifting, but there is just no way in hell i abide by majority decision when it comes to investing my money.

investing clubs significantly lag their benchmarks, one reads. something about high transaction costs. no doubt this particular club is an exception.

]]> By: Madison http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1905 Madison Wed, 26 Mar 2008 10:34:22 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1905 @ MIT Beta and Dan: I'm putting together another article for later today that will show our portfolio and returns... be sure to check back! @ MIT Beta and Dan:

I’m putting together another article for later today that will show our portfolio and returns… be sure to check back!

]]> By: Dan at Everydayfinance http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1847 Dan at Everydayfinance Tue, 25 Mar 2008 03:39:38 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1847 I had a mediocre experience with my investment club. I learned a lot from the guys I started with, as our charter allowed from everything from credit spreads to employing hedging strategies. However, in the end, we realized that the time commitment to completely track each holding was not conducive to a part time monthly meeting. For some, it might work out OK, but we had people having kids, starting B School, etc. and it just wasn't working. I applaud your ambitios 15% annual return objective; we actually had a similarly ambitious goal. In the end, statistics were not in our favor, as we could kill the market on the way up and then we were crushed on the way down - It's all about the BETA. Good luck and please post some of your club's favorite holdings. I'm glad you posted this; I routinely harken back to my i club days at Everyday Finance, but I never got around to doing a full post on it with some of the tools we employed, etc. I had a mediocre experience with my investment club. I learned a lot from the guys I started with, as our charter allowed from everything from credit spreads to employing hedging strategies. However, in the end, we realized that the time commitment to completely track each holding was not conducive to a part time monthly meeting. For some, it might work out OK, but we had people having kids, starting B School, etc. and it just wasn’t working.

I applaud your ambitios 15% annual return objective; we actually had a similarly ambitious goal. In the end, statistics were not in our favor, as we could kill the market on the way up and then we were crushed on the way down – It’s all about the BETA.

Good luck and please post some of your club’s favorite holdings. I’m glad you posted this; I routinely harken back to my i club days at Everyday Finance, but I never got around to doing a full post on it with some of the tools we employed, etc.

]]> By: MITBeta @ Don't Feed the Alligators http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1837 MITBeta @ Don't Feed the Alligators Mon, 24 Mar 2008 17:06:56 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1837 So how has that worked out for you? So how has that worked out for you?

]]> By: Carnival of Personal Finance #145 : Carnival of Personal Finance http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1827 Carnival of Personal Finance #145 : Carnival of Personal Finance Mon, 24 Mar 2008 14:20:51 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1827 [...] How to Start an Investment Club [...]

[...] How to Start an Investment Club [...]

]]> By: Carnival of Personal Finance # 145: Baby Education Edition | Million Dollar Journey http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1811 Carnival of Personal Finance # 145: Baby Education Edition | Million Dollar Journey Mon, 24 Mar 2008 13:11:11 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1811 [...] Madison from My Dollar Plan presents How to Start an Investment Club.  Around here there are very few investment clubs if any.  I've always thought about [...]

[...] Madison from My Dollar Plan presents How to Start an Investment Club.  Around here there are very few investment clubs if any.  I've always thought about [...]

]]> By: » Weekly Roundup - Easter Madness Edition @ fivecentnickel.com http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1788 » Weekly Roundup - Easter Madness Edition @ fivecentnickel.com Mon, 24 Mar 2008 01:43:50 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1788 [...] How to Start an Investment Club While investment clubs were all the rage in the late 1990s, I haven’t hear much about them [...]

[...] How to Start an Investment Club While investment clubs were all the rage in the late 1990s, I haven’t hear much about them [...]

]]> By: Madison http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1589 Madison Tue, 18 Mar 2008 02:43:50 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1589 Aggressive... yes! But it makes it a lot more challenging to shoot for. If we were willing to settle for something less, we could probably just invest in index funds. It also makes it much easier to evaluate companies. If we don't calculate the returns at or above 15% we can eliminate the company from our research. Aggressive… yes! But it makes it a lot more challenging to shoot for. If we were willing to settle for something less, we could probably just invest in index funds.

It also makes it much easier to evaluate companies. If we don’t calculate the returns at or above 15% we can eliminate the company from our research.

]]> By: Four Pillars http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1557 Four Pillars Mon, 17 Mar 2008 04:18:53 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1557 Interesting post! Isn't doubling your money every five years a very aggressive goal? Mike Interesting post!

Isn’t doubling your money every five years a very aggressive goal?

Mike

]]> By: Madison http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1554 Madison Mon, 17 Mar 2008 02:16:54 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1554 The money is pooled together, but each person's contributions are tracked at a unit level. It's similar to owning shares in a mutual fund. The money is pooled together, but each person’s contributions are tracked at a unit level. It’s similar to owning shares in a mutual fund.

]]> By: Weekly Roundup: First Garden Sprouts Edition | Frugal Dad http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1546 Weekly Roundup: First Garden Sprouts Edition | Frugal Dad Sun, 16 Mar 2008 17:54:38 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1546 [...] garden clubs aren’t your thing, how about starting an investment club? Madison shared some great ideas on how to start one if you are [...]

[...] garden clubs aren’t your thing, how about starting an investment club? Madison shared some great ideas on how to start one if you are [...]

]]> By: No Debt Plan http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1489 No Debt Plan Fri, 14 Mar 2008 19:57:53 +0000 http://www.mydollarplan.com/how-to-start-an-investment-club/#comment-1489 I've never been involved in an investment club. Question: are you investing individually, or does everyone pool money together into one account? I’ve never been involved in an investment club. Question: are you investing individually, or does everyone pool money together into one account?

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