Our NAIC Investment Club is six years old and we are
reviewing our procedures for taking in new members. In
general we would be grateful for feedback from several other
club members who could share with us how they have
successfully brought in new members. Do they ask newcomers
to buy in, using a valuation of units system at the time of
joining. Do you establish a high and/or low figure based on
the current membership individual (partnership)holdings,
etc. Thank you in advance for any suggestions.
                      Sandilg@bivio.com

When we started, we had the stipulation that all members would remain equal.
It was obvious that could not work for long term, so we changed it. New
members now need only pay what each original member did when we started:
$200 initially plus $50 monthly dues. Any member, including new members, can
pay more than $50/month if they want.

You can check out our club agreement at http://www.bivio.com/sh_ic

timk
sh_ic

----- Original Message -----
From: "Sandi Gariffo" <sandilg@bivio.com>
To: <club_cafe@bivio.com>
Sent: Tuesday, November 20, 2001 9:58 PM
Subject: club_cafe: New members' requirements for Investment clubs.


> Our NAIC Investment Club is six years old and we are
> reviewing our procedures for taking in new members. In
> general we would be grateful for feedback from several other
> club members who could share with us how they have
> successfully brought in new members. Do they ask newcomers
> to buy in, using a valuation of units system at the time of
> joining. Do you establish a high and/or low figure based on
> the current membership individual (partnership)holdings,
> etc. Thank you in advance for any suggestions.
> Sandilg@bivio.com
>

In answer to your second question, we do use a unit
valuation system, with accounting by bivio.

sh_ic