GRANT HOME IMPOVEMENT 65

Starting an investment club.

Whether or not you have decided to join an investment club your decision would still depends on your objectives as well as your investing personality. To know if you are eligible to join an investment club there are certain requirements you need to be qualified first and these are as follows:

• You are a novice when it comes to investment.

Investment clubs are ideal for novice investors since it is a fun and educational way of learning the market. The assigned individual tasks to members’ helps in increasing the knowledge on investment. Likewise, the sharing of investment ideas from members also helps in understanding more the investment market.

• You need a structure to help you keep on track.

• Constancy is key for successful long-term investment endeavor and club membership is a great way of ensuring that you regularly invest. Club membership can provide you with sufficient experience should you ever decide to invest individually in the market.
• • You feel that you need to diversify your investments.
• Investment clubs help their members in spreading their investment among more stocks than they are likely would be able to as an individual investor. Also the investment risks are lessened to a large extent.

• You need to have the desire to contribute to the club as well as free time.

• Your contribution may not always be in the form of money although it is required from club members to contribute to a common fund. Your contribution may also be in the form of knowledge on investments gathered through research and shared with the other members.
• • You are an investment person.