CREATING YOUR FIRST INVESTMENT CLUBWritten by Thomas A. Hilton, Jr.
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keep our club rather small. At least 4 of 7 were already investors - at least they already had their own personal brokerage accounts. Once, we agreed on number of members, I made suggestion that since we were focusing on strategies of my eBook that we make it part of bylaws that we use only those strategies and no others to avoid any arguements later on. I also impressed upon idea that we treat this investment club a little different than most other clubs. I wanted to prove awesome power of these strategies, so I suggested that we only make a one time investment rather than making regular monthly contributions. We would allow a simple math equation to determine just how much we would invest up front. We chose Charles Schwab as our broker and because they have a minimum amount of $5,000 to open an account, we agreed that we would all invest a one-time $715.00 per member upon our second meeting. Next, we chose a name for our investment club. So of course very first official investment club based soley on strategies of this eBook was born - "Chosen Few Investment Club", an appropriate name for our group. The only other item we needed was to apply for clubs own Federal Tax ID number or EIN# from IRS. Once I received number in mail, only thing left was to choose officers of club and open account under "Investment Club Account Agreement" with Charles Schwab & Company. Our investment club is registered with IRS as a general partnership and each member will be required to be responsible for his portion of any capital gains tax at end of year, as club will file one form stating how capital gains are distributed. Each member will receive a form called a K1, very similar to a 1099. Each member will file information from that K1 with their personal 1040 tax return. So, as you can see - actually forming your own investment club is rather simple once you layout everything you must do and agree upon early into venture. 7 Easy to Follow Steps To Creating Your Own Club 1. Choose your members carefully 2. Agree on size of club 3. Establish bylaws for club 4. Choose a name for club 5. Apply for your clubs Federal Tax ID number 6. Open your clubs brokerage account 7. Treat club as a serious partnership, keep records, meet regularly and enjoy experience of learning to invest as a group. Because this is our first official investment club based on strategies of eBook. I'll keep you all informed in upcoming issues as to our overall gains and networth. In fact, I'll more than likely add a section to this newsletter appropriately named for updated status of club.
Thomas A. Hilton, Jr., is an individual investor who loves teaching others how to make over 100% returns in the stock market using entrepreneurial investor techniques. http://www.entrepreneurial-investor.com Visit today and sign up for his ezine "Short Term Profit News".
| | GET ON THE INTERNET TODAY - UNSECURED LOANS UP TO $1 MILLIONWritten by William H. Haynie
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Building such sites is expensive. Up to now companies have had to pay cash for their site. This has forced many companies to put up a less effective site than they wanted, or to delay putting it up at all until they had cash to pay for it. Each of these "solutions" costs company in lost revenues as well as market share lost to competitors who have quality web sites. Small companies have limited options for getting on Web. Traditional loans are next to impossible to obtain. Banks won't finance software, much less a Web site. To banks, a Web site is an intangible asset. The few lease companies that have taken on concept of Web site financing are by and large gearing their programs toward Web developers, who can offer this service to potential clients. By offering a finance option to a prospect, Web developers are overcoming cost objections, and are thus closing more business. The key here is that with newly emerging financing options a company can have its web site now and let web site generate income to pay for itself over time. E-business is creating a brand new world. New World - New Rules!
William H. Haynie serves as President and CEO of Websitefinancing.com, Inc. Websitefinancing.com (http://www.websitefinancing.com) is the pioneer and leading provider of e-finance solutions. William can be reached at 1-800-700-1281 x104 or william@websitefinancing.com
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