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Share Clubs

locky76 · 2009-08-23 10:16:49

i am thinking of starting a share club with a friend of mine. we kicked around a few ideas and came up with a ten member club at €1000 perperson entrance fee and €100 per month thereafter. invest the initial ten grand in three or four companies and meet up every three months to review our investments and decide on new ones…

23-08-2009 10:16am

#1

locky76

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i am thinking of starting a share club with a friend of mine. we kicked around a few ideas and came up with a ten member club at €1000 perperson entrance fee and €100 per month thereafter. invest the initial ten grand in three or four companies and meet up every three months to review our investments and decide on new ones based on the money coming in (€1000 per month). it's meant to be very popular in Australia and it allows for modest investment but with a wide portfolio. anyone with ideas on this?

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Comments

#2 23-08-2009 10:46am

Raskolnikov

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It has been shown academically that investment clubs underperform the market - http://papers.ssrn.com/sol3/papers.cfm?abstract_id=219829 Also, there are legal and ownership issues regarding money that's invested and shares that are bought. If people want to pull out or have disagreements about who owns what, you're opening a legal can of worms where no one wins.

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