How to Find Investment Clubs

Back in the '90s, the popularity of investing clubs was extremely high. After the stock market crash at the turn of the decade, though, they became less popular. People started to become more conservative with their investments and go with safer bonds and retirement accounts. Despite the economy currently being poor, investment clubs are gaining popularity once again. Here is how to find one in your area.

Difficulty: Moderately Challenging

Instructions

Things You'll Need:

• Newspaper
• Community magazines
• Finance magazines

How To Find Investment Clubs

1. Ask your financial planner for advice on any investment clubs she may know of. If you are saving for your retirement, you should have a financial estate planner, and she can guide you in finding investment clubs. She may have multiple clients who are interested in forming an investment club and be able to put you in contact with each other.

2. Check your community newspaper's classified section. Many community newspapers maintain a classified section in which groups can advertise for free. If you find an investment group this way, make sure your voice will be heard in the decision-making process. Suggest stocks or other investments the group can put its money into collectively. If it seems that the same one or two people have the final say on where the investment is made, despite objections from other group members, this may not be the group for you.

3. Subscribe to financial information magazines. Many of these magazines also offer sections in which investment clubs can advertise for new members. Quite often, investment groups that advertise in investment magazines have the potential to be more serious than local investment clubs. Keep in mind that scams are more common in magazines, considering they can reach a large audience. Research the investment club before you join.

4. You can find plenty of investment clubs on the internet. If you are new to such matters, search for a club for beginners. You can also find clubs on the internet that invest in certain types of niches or interests. Joining an investment club that invests in areas that interest you will make it more enjoyable.

Tips & Warnings

• If this is your first investment club, find one that starts out with a short-term investment. That way, you can determine if you enjoy being part of the club and interacting with the other members.
• Never join a club you feel uncomfortable with, even if the investment seems like a great opportunity. Trust your instincts, You will be surprised at how many times they can save you from a scam.