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  1. May a husband and wife share one club membership?

  2. Am I obligated to stay with an investment club if I'm not happy with it?

  3. What are my options for a club checking account?

  4. Can NAIC help me find an investment club to join?

  5. How does an investment club keep track of the money?

  6. Are investment clubs regulated by the Securities and Exchange Commission?

  1. May a husband and wife share one club membership?
    Some clubs have husband and wife teams as one membership. Your club can establish membership in a way that meets the needs of the members.
     
  2. Am I obligated to stay with an investment club if I'm not happy with it?
    You're under no obligation to stay with a club. In fact, there's generally no time period involved. When you decide to leave, you will receive your pro-rata share of the portfolio either from cash on hand or from the sale of stock.

     
  3. What are my options for a club checking account?
    Savings & Loan Associations, Savings Banks, and Credit Unions have all been mentioned by club members as being more friendly toward investment clubs. For a Credit Union account, one of the club members usually must have a personal account. Stock Brokerage firms may also offer free and interest bearing accounts.
     
  4. Can NAIC help me find an investment club to join?
    No. The Securities and Exchange Commission (SEC) prohibits NAIC from helping individuals find investment clubs to join or vice versa. Many NAIC Regional Chapters post a list of clubs looking for members and of members looking for clubs. Attend your local Chapter's events and review the lists. You may even find yourself talking to others about forming an investment club!
     
  5. How does an investment club keep track of the money?
    NAIC provides assistance for investment club accounting. The Accounting Manual and the NAIC Club Accounting Software are helpful tools in maintaining accurate records.
     
  6. Are investment clubs regulated by the Securities and Exchange Commission?
    The Securities and Exchange Commission (SEC) addresses some common questions about investment clubs. For further assistance, e-mail help@sec.gov.

<<== Complete Index of Questions

More Questions On Investment Clubs ==>>



**Very Much Highly Recommended Reading**

cover

One Up On Wall Street

Lynch was a portfolio manager who turned Fidelity Magellan Fund into largest and best performing fund in the world under his leadership from 1977 to 1990 with an average annual return of over 29 percent. This book teaches the basic but powerful way to pick great companies.  Peter Lynch has also written 2 excellent follow up books. Learn to Earn: Beginner's Guide to the Basics of Investing & Business and Beating the Street.

 

         

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   Always keep in mind to:
  1. Spend less than you earn! People who spend every penny they make usually end up going broke.......
  2. Take enough risk on the money you save! Playing safe by putting your money under the mattress or in a savings account will not make you wealthy..

Remember that..... Fully one-fifth of humanity, some 1.3 billion people, struggles to survive on less than $1 per day. About 40% of humanity survives on less than $2 per day. More than a billion people around the world will go to bed hungry tonight. Life expectancy in some 32 countries is less than 40 years. If you have a few extra dollars in your pocket (you don't have to be a millionaire to make a difference), please share some of your financial good fortune with others who are in great need.


Think About It...  Being in the 'now' brings a freedom, unlike living in the past or in the future, which is a kind of imprisonment. This isn't a kind of a denial where you pretend life doesn't have problems. Life is full of problems, but most of those stresses and failures are reliving old hurts or worrying about future concerns. -- Carl Honore

When you 're diagnosed with cancer, you start to bargain with God: "Let me get through this, and I'll take better care of myself. I'll get my priorities in order. I'll learn to live every day to the fullest." Isn't it sad that you have to get sick before giving yourself permission to live life to the fullest? -- Robert Schimmel Look at Life in different & Positive ways