| Investment clubs are a great way to learn how to | | | | investments. The beauty of investment clubs is that |
| invest in stock or real estate. They are becoming | | | | members pool their money to invest jointly. So, you |
| increasingly popular. It is wise, however, to follow | | | | don't need to have massive capital to begin investing. |
| some simple guidelines before joining an investment | | | | 3 Investment period |
| club to be sure that you know what you're getting | | | | Make sure that you find out how long your money |
| into. | | | | will be tied up before making any investments. Some |
| 1 Local vs. online investment clubs | | | | clubs have set rules on the minimum length of time |
| If you enjoy socializing or face-to-face interactions, | | | | for an investment. Don't get stuck paying a penalty |
| then joining a local investment club may be the best | | | | that will negate any potential profits from your |
| option for you. Members typically meet once a | | | | investment. |
| month. Local investment clubs often invite investing | | | | 4 Beware of scams |
| professionals or experts to speak at meetings. These | | | | Get rich quick schemes are abound, especially on the |
| talks are excellent opportunity for members to learn | | | | Internet. If something looks too good to be true it |
| from others' investing experience and to ask | | | | probably is. Most legitimate clubs don't charge joining |
| questions. | | | | fees. Before joining an online investment club, check |
| You can easily find local investment clubs through | | | | out its reviews by other members. Determine how |
| word of mouth. Ask colleagues, neighbors, friends | | | | long the club has been running and its investment |
| and relatives for recommendation. Chances are they | | | | performance. |
| may belong to a local club or know of someone who | | | | 5 Read the fine print |
| is a member of a local club. | | | | Before signing anything, read everything over |
| Online investment clubs offer convenience. They | | | | thoroughly. Be sure that you understand your |
| usually have virtual chat rooms or forums where | | | | commitment and are comfortable with the terms and |
| people can post questions and answers. If you don't | | | | conditions of the investment club. Check for any |
| have as much time to mingle with others or attend | | | | hidden fees or penalties for early withdrawals. |
| local meetings, then you may be suited to joining an | | | | Investment clubs can be an interesting and fun way |
| online investment club. | | | | to learn and invest. As long as you make wise |
| 2 Investment capital | | | | decisions and keep a diverse portfolio you will likely |
| Determine how much you can afford to invest. Some | | | | be able to make some decent profits through your |
| clubs have set minimums that must be met for | | | | investment club. |