MILLIONAIRE INVESTMENT CLUB RUNNING.
Millionaire investment club is the way whereby individual with the same investment goal come together to defies procrastination [a situation whereby you are unable to save or set tangible or reasonale fund to start trading in stock market]. By coming together of small scale investors, pooling fund together as a result of earning big Return On investment[ROI].
Many people are short of fund and could not participate in the programme that enable many people to leveraging millions into their bank account, smiling to their bank weekly,monthly or yearly but running of MILLIONAIRE INVESTMENT CLUB enable any individual,unemployed even student wishing bright future to get started with little fund or capital.
MILLIONAIRE INVESTMENT CLUB: it is the coming together of different people or investors with the same mind set or set of goals for the purpose of making money in certain investment. It involves people contributing their small amounts together to invest since some stock broker ignore transanctions with small amount. As the time goes on, that they are able to build the money to a level, all of them separate and decice to stand on their own, that is investment club enable them to jointly participate in stock market, and in the long run they participate individually in the stock market.
HOW TO START INVESTMENT CLUB.
Find and develop a group of people, who have the same mindset. The people that will be able to see each other oftenly,interact e.g family and friends,members of the same church or mosque,working place,neighbours e.t.c
Make certain contribution monthly. For example, you can make use of method of the larger the money, the lesser the group number e.g assumption of 20 or less, contributing #10,000 per month multiply by 20 people equals to #200,000 per month.
Get your investment club name’s registered with Corporate Affairs Commission [CAC] as an enterprise or limited liability company. If it is Limited liability company, that means all the club members must be Directors on the board.
Then,you need to update executives before or after regististration for proper running of the club e.g President,secretary and fill all the clubs member into different position.
Appoint investment club administrator. Administrator will help you to put up meetings locations and other amenities but administrative fees should be contribute as well,its like salary.
Take the registered name with CAC to stock broking firm you want to be using and then open a current account with Nigerian Bank in that name as well. Two members can be signatories to the stock account while two members can be signatories to the bank account for transparency.
BENEFIT OF INVESTMENT CLUB.
1. Stock market forecast/training : it enables the members to contribute jointly to attend seminars or do personnal. Stock training with little contributed capital. It enables free flow of information and opportunity of tapping into forecast and research of other members.
2. It creates friendly atmosphere atmosphere and achievements of certain objective mutually. Since, investment club enables members pooling resources together, invest and manage it by professional investment manager. Meanwhile, members must have same mind set,talk oftenly either from same church,social club, working place.
3. Opportunity to save : it enables the individual or club members to inculcate savings habit by setting aside certain amount of incomes for investment club’s activity.
4. Diversification by owning different types of asset : it facilitate the possession of more than one asset in portfolio while one assets suffer a major decline, hopefully other asset in your portfolio will be increasing in value, hence aiding asset growth.
5. The power of group : it enable earnings of huge returns of dividend,bonus issue even on NSE some scarce stock can only be bought if the volume of demand being made is huge enough to compensate the setter of such equity.
6. Networking : it enables different people from different background, status,personality and corporate executives due to the facts that no individual is self made,specific individual is self made,specific individual will need to cross our path so that we can climb to the top of our dreams.
7. It enables personnal progress : it enables the members to make certain decision that will improve their lifes e.g acquisition of landed property.
8. Benefit of reaping so much by just contributing so little because a little drop of water makes a mighty ocean.
9. Benefit of tranfering your rights to your children in case of any eventuality.
10. The advantage of being able to hire the service of a professional investment club administrator, which you may not do individual.
EXAMPLE:
PRACTICAL DRAFTED DOCUMENT FOR OUR CLUB.
CLUB NAME – VISSIONER OR REACH YOUR GOAL
CLUB MOTTO: Wealth Accumulation
FUND ACCOUNTABILITY AND TRANSPARENCY
1. Each member is expected to contribute prescribed amount on monthly basis
2. Every member should contribute knowledge or analysis on which or what to invest on, and with sector company to invest.
3. Signatory i.e. two appointed members are to carry out the task or transaction within T + 3 days.
4. Evidence of transaction should be produced by signatory of the CSCS in subsequent meeting of gathering.
5. There is likely to be an extra-ordinary meeting by few or all members to discuss on certain issue as a result of emergency.
6. If there is any addition or amendment, it should be deliberated on for an inclusion purpose.
CLUB NAME – VISSIONER OR REACH YOUR GOAL
CLUB MOTTO: Wealth Accumulation
ARTICLE OF ASSOCIATION
• SHARE’S AWARENESS & ENLIGHTMENT
• SHARE’S MONITORING BY ALL MEMBERS
• Every member must be an executive i.e. (Active Members)
• Two signatory or members to ESA or CURRENT Account
• Accessibility of CSCS Account on internet
• A.G.M. is expected to hold within medium (6 months or 1 year) for distribution of capital, dividend, and dissolution or continuation purpose.
GOALS
• For financial independence & wealth accumulation purpose
• To imbibe savings & investment habit into members there-by eradicating poverty
• Creation of enlightenment & awareness on the purpose of investment through shares and other windows.
• Sharing of useful knowledge by organizing Business & Investment Forum
• Creation of wealth or capital to prosperous members.
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