1 O'Hara belongs to an investment club in Detroit.

2 Some may argue that democratic investment clubs put members at a disadvantage in times of high volatility, limiting their flexibility.

3 But no one can sit back in investment clubs and just listen.

4 The members of the investment club divide their profits equally among themselves.

5 This investment club member will handle the funds contributed by the club, open the bank account and set up an account with a broker.

6 Starting an investment club is an enjoyable way to make long lasting friendships while making a few dollars in the process.

7 The investment club bank account should be set up with at least two signatories on the account.

8 The investment club meetings should be conducted like any business meeting.

9 At some point the investment club may decide to dissolve the group.

10 Members of an investment club pool a set amount of funds each week or month,[] meet on a regular basis to research stocks and then as a group decide where to place their investment dollars.

11 The investment club should open a business account with a local bank or online bank.

12 The essential ingredient in a successful investment club is that all members have an equal voice in the decision-making process.

13 By continuing to set goals and objectives the investment club remains vibrant.

14 Set objectives for the investment club at each meeting and always set a stop loss for every investment.

15 The world's first investment club was established in Texas in 1898, back in the days of the Wild West when few investments could be considered safe.

16 Your investment club can be made up of people from all walks of life and various income levels although frequently, an investment club comprises people of similar means and interests.

17 One method of investing is to form an investment club.

18 A group of women in the neighborhood have started an investment club.

19 "The friend takes commissions after referring me to join an investment club to invest, " said another reader.