Throw Back Thursday #TBT
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Throw Back Thursday #TBT
We wanted to join a club, but there were no clubs in the area. While we didn't use Craig's List to form, we really didn't know each other. Mark Eckman On Thu, Oct 23, 2014 at 10:36 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
On Fri, Oct 24, 2014 at 4:28 PM, Mark Eckman wrote:
My club started with 8 friends and we grew to 18 with only 1 person admitted with no connections. This person actually contacted me after seeing a post from me in this forum. John On Friday, October 24, 2014 5:49 PM, Laurie Frederiksen <laurie@bivio.biz> wrote:
On Fri, Oct 24, 2014 at 4:28 PM, Mark Eckman wrote:
A newcomer to the area, I put an add in the (2005) Senior Center Newsletter asking if there was any interest in starting an investment club. There was good response, and with the help of Susan Gault of BI/NWIN, we all became pretty good friends during the 6 months it took us to grind out acceptable Bylaws. Several have moved away, several deaths, but many new members. It works well. On Sat, Oct 25, 2014 at 11:28 AM, John Rice <rice.j1969@att.net> wrote:
We started our women-only investment club in late 1997. The nucleus was a
group of real estate agents known to our founding member, who had just undergone
a divorce and realized that her financial welfare was in the hands of a stock
broker hired by her ex-husband. She wanted to know more about the stock market.
The five invited three friends each, and that is how I was contacted. We took
three months to hammer out bylaws and get organized and registered with the
state. Luckily, one of our members was a bookkeeper who had contacts able to
help her. We also used NAIC guidelines for startup clubs and the accounting
software also until switching to Bivio.
We grew from 16 to 20 members and soon realized that we were too large a
group to allow for discussion. Meetings ran until after 10:00 at night and
people began to drop out because we just lacked time for everyone to comment of
every topic. People leaving the area, discovering they just didn't care
that much about doing their own investing, and the arrival of grandchildren are
reasons for the reduction of our numbers to the current 8, of whom 4 of us are
charter members.
The reason for women-only is that many of our husbands had been in their
own investment clubs and we knew they would take over discussions and decisions
if included. This was borne out on more than one occasion when we had a social
meeting and included spouses.
We have changed some things - allowing for inactive members for a
variety of reasons for a six-month period on a case-by-case basis; dropping the
3% withdrawal fee; allowing members to withdraw up to 49% of their money without
leaving the club. One thing that has not changed is the fun we are having as we
learn and grow. We are making a nice profit, too.
Peg Wentworth, Treasurer, Women's Investment Network, Lancaster PA
From: Laurie Frederiksen
Sent: Thursday, October 23, 2014 11:36 AM
To: The Club Cafe
Subject: [club_cafe] Throw Back Thursday #TBT
Our local BI chapter has a match a person to a club service. We have had three contacts referred to our club via this service. One joined, one had a change of circumstances so decided not to join, and the third is scheduled to attend his first meeting next month. We meet at a public place so security issues of a stranger coming to a private home is not an issue and require attendance for three meetings before accepting an application so both applicant and club members can get to know each other. Jack Ranby
I started a club at work. I talked enough about BI that I was able to convince 2 other people we should try it. They knew a 4th person and that's how we started - we knew each other at work. We meet during lunch time but use as few work resources as possible. We occasionally advertise on work bulletin boards (electronic and physical). We've had as many as nine partners and as few as four. we just added two more to get to six and I have 4 potentials who I'm training. We just celebrated our 11th anniversary.
Bob Mann
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