An investment club can be fun and incredibly useful
- Aninvestment clubis a great way to learn aboutinvestingmoney, making financial choices and gaining experience with buying and selling, through simulations or investing real money.
- To begin, you’ll need to recruit club members. The easiest way is to team up with a few close friends and create a list of friends you could invite to join the club.
- Once the club is formed, you can elect or appoint a leadership team. Then, you can start organizing meetings and activities, first focusing on things like background information to ensure that everyone is familiar with the basic terms and concepts you will be using in discussions on investment.
- Consider watching and discussing some informational videos about investments and smart financial decision-making. Monitoring the financial/economic news, or assigning a member of the club to do this, is also helpful.
- You should bring in guest speakers who can talk about their work and life experience. These may be business leaders, people in the investment business or simply members’ connections e.g. afamily member or friend who has had aparticularly interesting investing experience.
- Finally, an exciting element of an investment club is to get a concrete investment experience, either by relying on a stock trading simulation, such as those provided on Investopedia andWall Street Survivor, or by agreeing to put money in a pot (for instance, €50 per month or quarter) and deciding collectively how to invest this money.
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