Since members of a typical club come from different backgrounds, what then is the common denominator?
A3: What brings most of them together is the consuming desire to achieve true financial freedom. The interesting aspect of it is that by joining investment clubs and participating in the activities, people learn a great deal of investment education, which can not be taught in the classroom. A note of warning though……. an investment club is not a get-rich-quick scheme. You cannot get rich overnight by joining an investment club. You need to have a long term view about wealth if you want to enjoy membership of an investment club. Usually you must be willing to lock in your investment for a minimum of five years. Because the money you contribute as a member is not usually huge, you are expected to use the experience you learn as a member of an investment club to set up your own investment portfolio.
Related Questions
- Members paid different deposit amounts depending on when they joined the Commons Club. Will there be consideration of the differing BBG deposit amounts when the buy-in price structure is developed?
- Other than sharing a common interest in the fine arts, how else are the members, as a Club, involved in supporting cultural activities and local organizations?
- Since members of a typical club come from different backgrounds, what then is the common denominator?
