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Investment Club Meetings

Decide how you want your meetings to be run. If everyone has met online to form the club, it might be most practical to meet online, perhaps through a message board forum or a chat room. Webcams can help everyone to feel like they can actually see who is talking. For the initial setting up of the club, it might be best for everyone to actually meet in person. Also, if all meetings are online, it might also be good to plan a meeting or two a year that is in person, just for the social interaction and connection.

If you all live in the same area, meetings in person may be best. They allow for social interaction, as well as being more efficient for giving the whole group information. This also allows bringing in of guest speakers. The social interaction helps members to stay interested in the investment club.

At the FIRST meeting, many things need to be set and decided upon. Everyone needs to meet each other, which will take extra time, as well as learn more about what an investment club is. Roles will need to be established, if everyone decides to join, and initial investments will need to be made. The club will need to decide when and where meetings will be held. Other decisions which will need to be made include whether or not to join the NAIC (if you have not already done so), and what type of broker to use. A discount online broker may be the most cost efficient, or you may decide your club needs a full service broker. A more fun decision to be made is what the name of the club will be.

Whether online or in person, a club meeting once a month might be the best choice to keep everyone up to date. At these meetings, several things will be accomplished, so an agenda will be useful. Having one person in charge of hosting each meeting is a good idea, and rotating this task helps spread out the work. At each meeting, whoever is secretary should hand out agendas for the next meeting at the end of the meeting.

Also, meetings should include reviews of stocks held and the companies they are held in.

Each member should be in charge of one company to research, whether it is a company that the club currently holds stock in or a company that the club is thinking about investing in. One member should also be the person who contacts the stockbroker or does the online investing. Each member should report at each meeting how their company is doing/has done.

Some clubs set a fine or other penalty if a member does not attend a minimum number of meetings per year. Meetings are important, for educational reasons, to show commitment to the club, as well as to keep track of investments.

Investment club meetings can be fun and educational. Even the most serious investor can take advantage of being part of a group, thus spreading out the work of keeping track of companies and investments.

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