Quote from Rumblefish:
With the internet and facebook, there is no need to meet in person anymore.
Investment clubs been around even before the internet.
The investment club that you started was a 'social club' with no charter or shared 'investment club account' with a brokerage.
It's not really a club if club members don't have any finanicial interest or financial benefit from the club. Keep the club small and only accept quality members under 15 and prepare to kick out non-performing club members who don't contribute the club.
In each club you need a club leader or group leader that manage the club. An investment club has a 'charter'
Ummm, where exactly did I say there was no 'charter' or 'club account'?
You know what they say about 'assumptions'.
'Facebook' for trading/investing? Yep, if it's a 'hobby' for you that may work.
BTW, did I 'quote' enough?
