Have you ever wanted to know more about investing or stocks, but did not know were to look? Have you ever wanted to invest, but did not know were to start? Have you ever wanted to buy a lot of stocks, but did not have enough money at the time to buy more than a few. If you said Yes to any of these questions then you need to be apart of an investment club!

So, you do not have an established one at your school, work place, or church, then start one! Here's how:
• Find The Right Members - First start with getting your group together. You will need to choose about 3-10 people who are interested in investing.
• After Your Group Is Formed - After you have found those kindred spirits, come up with a name for your group. Make it a contest and have everyone vote on the best name. After this is complete start writing your mission statement, which is nothing more than your main purpose and goal of the group!
• What's Legally Required? - First the group needs to form a Partnership or a Voluntary Cooperative Association. You may also want to apply for a Limited Liability Corporation (LLC). Last you will need to protect your name by either completing a "Certificate of Co-Partnership" for Partnerships or "Doing Business As" for Cooperative Association. Hint: all of these requirements can be found online or you can pay an Attorney if you like!
• Get Moving - Get your investment philosophy down on paper along with your partnership agreement and By-Laws. Your agreement should have the answers to these types of questions:
1. How to elect new officers?
2. What are the officers?
3. How to bring in new members?
4. How to exit the group?
5. What happens if one of the members gets behind on payments?
6. What happens if a member passes away?
• Setting Up The Small Stuff - How often will your group invest (monthly, quarterly, etc.)? What types of risk will the group take (conservative, High, etc.)? You will need to set a time, place & dates for when the group will meet. The group will need to vote on what the monthly contribution will be along with electing officers and picking out a stockbroker. You will also need to open a checking account and get a PO Box in the groups name.
• Operating Your Club - Develop and agenda to keep you on track at the meetings. You may also want to create an accounting system for investment clubs or buy one online. To do day-to-day business, you may want to open an e-groups account so that e-mails can be shared among the partners and files can be stored for everyone to obtain.
• At Last, Research - Everyone in the group will need to do some homework. The group will need to come up with its very own Stock Report, which should include everything you should know before purchasing a stock. This report can also be blessed by your stockbroker if you like!
Get Started and Have Fun!!!

Ladonia Rae Stivers
STAFF 2008 President

Sisters Together Achieving Financial Freedom, LLC. (STAFF)
Founded in 2000