An investment club is a group of people who pool their money to make investments. The group decides to buy or sell based on a majority vote of the members. Nevertheless, as it is with all community-centered program, finding people who you trust is paramount.
The Canadian Press
Takeaways: If you have a couple of dollars lying around every month, joining or creating a club could be a viable option to leverage that resource. Yet, you can start with a minuscule amount like $10.
Advantages of setting up or joining an investment club.
- Growing wealth: The club is a wonderful way to grow your wealth.
- Social connection: It is a great way to create and reinforce social connection as the members of the club are each liable to one another.
- Opportunity for all: There is no prior requirement. Literally, everyone could set up or join a club.