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    1. #1
      Fekuni (Member)
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      alvasakima's Avatar
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      Default Investment Clubs: A Social Approach to Investing

      Investment Clubs: A Social Approach to Investing



      Many African countries have enacted and encouraged schemes meant to promote savings and investments among low income earners. These efforts range from cooperative societies, microfinance initiatives to the most recent, investment clubs. In Kenya, the emergence of the stocks market as a new way of investment has encouraged many low earners to form these clubs.

      Investment clubs (a form of joint financial groupings) are becoming very popular in many African countries. Unlike merry-go-rounds, where members collect money monthly and give it to one member on a rotational basis, an investment group saves money every month but instead of the collected money being given to a member, the club invests the money jointly. These investments may be done in stocks, real estate among many other investment opportunities.

      Investment clubs offer a number of advantages to members. They help to promote both savings and investments because the club is usually committed to regular saving and long term investing. Member, who are new to investing, learn a lot from more experienced colleagues and those who lack time to research investment options share in the research done by others. Even though members contribute little money the bundling effect of the club enables them to buy into big investments.

      Investment club’s membership comes along with responsibilities. First is commitment to attend meetings and hold positions such as chairperson, secretary or treasurer. Perhaps the biggest challenge faced by most investment clubs is the issue of values: the club is made up of members with different sets of values and it is feasible that there will not be consensus on all issues. Some clubs agree ahead of time on values to be followed and whenever there is conflict the majority decision rules.

      People interested in forming an investment club need to properly understand and handle areas such as the legal form of the club, accounting policy, investment strategy and other general club’s policy and rules.

      Most investment clubs are registered as partnerships, mainly due to tax considerations and the fact that they are easy to form. Clubs can also be formed as private limited liability companies or cooperative societies. However when choosing what form of registration to take, its important to consider regulatory and tax requirements, as well as the legal protection it will offer.

      Proper accounting is also vital for successful performance of any investment club. A proper accounting policy ensures that all club’s transactions are well documented. Accountability is an absolute must. Constant financial reporting will not only help members understand the financial status of their club, but also act as a motivator where positive profitability is indicative.

      Developing and regularly reviewing the group’s investment strategy is vital too. This involves deciding the amount to be invested in any particular security, depending on the clubs objectives and the risk levels agreed on. For a start, investment clubs usually invest in largely low risk to medium risk securities. As they grow they move into high risk investment portfolios. The club’s broker or investment agents can advice on the winning strategy to be taken by the group considering the market conditions.

      The club should have clear rules on issues like joining and leaving the group, payment of dividends and member contributions. This will enable proper operation of the club, avoid inviting members of uncorrelated objectives to the club’s and evade a cash crunch in case a member decides to leave. Such rules may change from time to time depending on a decision passed by not less than 75% of the members.

      Investment clubs are a sociable way to do your investing. They are a great way to brainstorm ideas and share knowledge, and can be very good for members’ wallet. But - as with any enterprise that mixes friends and money - it's important that everyone understands the ground rules from the word go. That means making sure members are in it for the same reason. Then all that’s left to do is pick the best investments!


      By Kevin Mwanza
      The African Executive Staff Writer
      Elimu haina mwisho.

      http://www.vituvyetu.com

    2. #2
      Abibikasa Wura
      Kwaku nantee nnɛ! Kwaku
      walked today! Mo!!!
       
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      Obadele Kambon's Avatar
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      Default Re: Investment Clubs: A Social Approach to Investing

      Habari za leo?

      Asante sana to you for providing this info. Is this an economic strategy that you use?

      Obadele


      Store | Classes | Design | Forums | Testimonials

      "African champions must break the chain that links African ideas to European ones and listen to the voice of the ancestors without European interpreters."
      -Jacob Carruthers, "Mdw Ntr"

      Ma ku Mbôngi, ka matômbulawanga za ko.
      "The community's political institution does not borrow foreign dialects to discuss its' political matters or to educate its' members"
      - Kikongo proverb

      Dr. Obadele Kambon [PhD Linguistics - University of Ghana at Legon]
      Abibitumi Kasa Founder and Admin
      My CV: http://www.abibitumikasa.com/CV.pdf
      Email: info@abibitumikasa.com
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    3. #3
      Fekuni (Member)
      I am too lazy to set my status.
       
      I am:
      too lazy to select my mood...
       
      alvasakima's Avatar
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      Default Re: Investment Clubs: A Social Approach to Investi

      Mzuri sana kaka. Nilianza uundaji moja. Inaitwa nyota nyeusi investments.

      The initial club was formed on LIBradio some mifunguo ago. Tuliongea kuhusu how to go about doing it, lakini ni mpango kind of lost steam. In the last couple of months I decided to take some personal responsibility for this so I made a site, applied for an EIN number, picked a business structure, researched discount brokerage firms etc. There is still more to do, but I will be sending out notification regarding the time/date of the next meeting to ratify the bylaws and review everything sometime next month. My hope is to be up and operational by August 1st.

      You can check out the shell page here: http://www.blackstarinvestments.com.

      If anyone is interested in joining the club you can email info@blackstarinvestments.com and I'll put you on the mailing list.
      Elimu haina mwisho.

      http://www.vituvyetu.com

    4. #4
      Abibikasa Wura
      Kwaku nantee nnɛ! Kwaku
      walked today! Mo!!!
       
      I am:
      Afrikan
       
      Obadele Kambon's Avatar
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      Default Re: Investment Clubs: A Social Approach to Investing

      I've added you to Abibitumi Kasa's link section. Asante sana 4 d n fo.

      Obadele


      Store | Classes | Design | Forums | Testimonials

      "African champions must break the chain that links African ideas to European ones and listen to the voice of the ancestors without European interpreters."
      -Jacob Carruthers, "Mdw Ntr"

      Ma ku Mbôngi, ka matômbulawanga za ko.
      "The community's political institution does not borrow foreign dialects to discuss its' political matters or to educate its' members"
      - Kikongo proverb

      Dr. Obadele Kambon [PhD Linguistics - University of Ghana at Legon]
      Abibitumi Kasa Founder and Admin
      My CV: http://www.abibitumikasa.com/CV.pdf
      Email: info@abibitumikasa.com
      Tel: +233 (0)302500169
      Mob: +233 (0)249195150
      Skype: +1 919 926 7097 obadele.kambon
      Website: www.abibitumikasa.com
      Contact: http://www.abibitumikasa.com/forums/sendmessage.php

     

     
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