Books.org participates in affiliate programs including Bookshop.org and the Amazon Services LLC Associates Program. We may earn a commission from qualifying purchases made through links on this page, at no additional cost to you.
Overview
Carolyn M. Brown, former senior editor for Black Enterprise magazine, exposes the benefits of a low-cost, low-risk club whereby investors accumulate their wealth, and novices learn and profit from the complexities of the market. Her new book Black Enterprise The Millionaires' Club: How to Start and Run Your Own Investment Club...and Make Your Money Grow!provides a comprehensive and easy-to-follow guide to starting and maintaining an investment club.Brown writes specifically for the millions of African Americans who, according to a recent Wall Street Journal article, "are flocking to investment". She first demystifies stock markets and mutual funds, and provides valuable advice on researching securities, conducting technical and fundamental analysis, and investing online. Her main goal is to teach her readers to think, save and grow rich using tools of the trade, such as the Internet and news updates.
Brown's next step is to explain the basics of starting and running a successful investment club, including recruiting members, developing an investment philosophy, formalizing the club's legal structure, creating operating procedures and bylaws, electing officers, choosing a broker, running meetings, and much more. She also supplies the track records of successful investment clubs, proven portfolio-boosting tips, and the Seven Key Principles to managing the club effectively.
Synopsis
The Millionaires' Clubexpertly teaches the essentials of running an investment club. Comprehensive without being complicated, this easy-to-follow guide covers everything from choosing a broker and running effective meetings to investing online and analyzing your club's results. You'll discover how to start the club that works best for you. The Millionaires' Club will show you how to:
- Recruit members and develop an investment strategy
- Form your club's legal structure and design operating procedures
- Tackle record keeping and other taxing issues
- Research securities like the pros
- Use the Internet and the news to uncover helpful data
- Invest beyond the stock market...and build your own retirement portfolio