Members that have lost intrest.
I our by-laws, we can have a max of 20 members. 50% of them
are have lost all intrest and are not investing any longer.
We have other people that would like to join the club. What
do you do with the ones that have lost intrest? Do we bump
up the number of members or do we ask or tell the
uninterested members to leave?
Thank-you,
Kevin-In the Mood Investment Club
are have lost all intrest and are not investing any longer.
We have other people that would like to join the club. What
do you do with the ones that have lost intrest? Do we bump
up the number of members or do we ask or tell the
uninterested members to leave?
Thank-you,
Kevin-In the Mood Investment Club
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It seems like a natural course of events. Not everyone can
maintain their interest. If your partnership agreement
indicates they've withdrawn by missing two meeting then they
need to be withdrawn in fairness to the partners that
remain. Our club has pasted it's ten year anniversary. We
have no way to ask a partner to leave although we do have a
special annual assessment of $100 or 0.5% of his asset fee
for missing 6 meetings in one year. Whenever I get two or
three people interested in joining I speak or write those
that participate the least. Usually doing this right before
they have to pay their special assessment helps them see the
light.
Scott Freeman
Kevin Smith wrote:
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> Our club's by-laws require each member to contribute a minimum
> of $25 each month. If they miss two months in a row, they are
> automatically considered to have withdrawn from the club.
>
> Kevin Smith
>
> -------Original
> Message-------
>
>
> From: The Club Cafe
> Date: Tuesday,
> March 12, 2002 03:26:55 PM
> To: club_cafe@bivio.com
> Subject:
> club_cafe: Members that have lost intrest.
> I our by-laws, we can have a max of 20 members. 50%
> of them
> are have lost all intrest and are not investing any
> longer.
> We have other people that would like to join the club.
> What
> do you do with the ones that have lost intrest? Do we
> bump
> up the number of members or do we ask or tell
> the
> uninterested members to leave?
>
> Thank-you,
> Kevin-In
> the Mood Investment Club
> .
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> Incredi-Letter By Webpearlsdesktop.com____________________________________________________
> IncrediMail - Email has finally evolved -
> Click
> Here
maintain their interest. If your partnership agreement
indicates they've withdrawn by missing two meeting then they
need to be withdrawn in fairness to the partners that
remain. Our club has pasted it's ten year anniversary. We
have no way to ask a partner to leave although we do have a
special annual assessment of $100 or 0.5% of his asset fee
for missing 6 meetings in one year. Whenever I get two or
three people interested in joining I speak or write those
that participate the least. Usually doing this right before
they have to pay their special assessment helps them see the
light.
Scott Freeman
Kevin Smith wrote:
>
>
>
>
>
>
>
>
>
> Our club's by-laws require each member to contribute a minimum
> of $25 each month. If they miss two months in a row, they are
> automatically considered to have withdrawn from the club.
>
> Kevin Smith
>
> -------Original
> Message-------
>
>
> From: The Club Cafe
> Date: Tuesday,
> March 12, 2002 03:26:55 PM
> To: club_cafe@bivio.com
> Subject:
> club_cafe: Members that have lost intrest.
> I our by-laws, we can have a max of 20 members. 50%
> of them
> are have lost all intrest and are not investing any
> longer.
> We have other people that would like to join the club.
> What
> do you do with the ones that have lost intrest? Do we
> bump
> up the number of members or do we ask or tell
> the
> uninterested members to leave?
>
> Thank-you,
> Kevin-In
> the Mood Investment Club
> .
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> Incredi-Letter By Webpearlsdesktop.com____________________________________________________
> IncrediMail - Email has finally evolved -
> Click
> Here
In an attempt to forestall waning interest, our club
prepares a 3-ring binder for each stock that we buy. This
binder is assigned to a member for monitoring that stock
from month to month and for updating with charts/tables/news
etc. A brief form was also prepared that the member
completes prior to each meeting and is used to report on
that stock. Whats been happening with the company (news),
what the price was when we bought it, what it is today and a
recommendation as to what we should do with it - hold/sell
all/sell some/buy more. The recommendations are then
discussed by the entire club and appropriate action taken.
Our club now owns 9 different stocks and has 22 active
members, all neophytes in the investing realm. The binders
seem to have helped maintain interest. Al St.Onge, Treas.
PAC-3 Investment Club, LLP
prepares a 3-ring binder for each stock that we buy. This
binder is assigned to a member for monitoring that stock
from month to month and for updating with charts/tables/news
etc. A brief form was also prepared that the member
completes prior to each meeting and is used to report on
that stock. Whats been happening with the company (news),
what the price was when we bought it, what it is today and a
recommendation as to what we should do with it - hold/sell
all/sell some/buy more. The recommendations are then
discussed by the entire club and appropriate action taken.
Our club now owns 9 different stocks and has 22 active
members, all neophytes in the investing realm. The binders
seem to have helped maintain interest. Al St.Onge, Treas.
PAC-3 Investment Club, LLP
> Do we bump
> up the number of members or do we ask or tell the
> uninterested members to leave?
Yes Kevin,
First, you need to write a very nice letter to every member.
Let them know that you are aware their interest has
diminished, and ask them if there's any viable reason for
it, and whether they intend to come back--and when. Then,
let them know about the new prospective members and that you
need their space in the club if they don't intend on
returning. Suggest they consider resigning so others can
come into the fold. I think you'll be surprised at how many
will simply bow out.
Next, prepare a motion for the next meeting that includes
some language and/or policy changes for the partnership
agreement or bylaws, whichever you use. Our PA states that
any member who misses 3 consecutive meetings in a row,
without prior approval from the majority of the members,
will automatically be removed. It also says that anyone who
is 61 days past due is also automatically terminated. Once
these new policies are voted on, they should be stated, in
detail, in the minutes of the meeting, and mailed to the
absent members. Then you wait. During this time, your
prospective new members should be attending meetings and
getting acclimated.
There are plenty of alternatives to deal with delinquent
members. Just do a search on "investment clubs" in any
search engine and you will find plenty of Partnership
Agreements and Operating Procedures that cover these things.
Just pick the best of all of them! Ours can be found at
www.bivio.com/crowriver
Good luck,
Lynn Ostrem
garbagecop@foxinternet.net
> up the number of members or do we ask or tell the
> uninterested members to leave?
Yes Kevin,
First, you need to write a very nice letter to every member.
Let them know that you are aware their interest has
diminished, and ask them if there's any viable reason for
it, and whether they intend to come back--and when. Then,
let them know about the new prospective members and that you
need their space in the club if they don't intend on
returning. Suggest they consider resigning so others can
come into the fold. I think you'll be surprised at how many
will simply bow out.
Next, prepare a motion for the next meeting that includes
some language and/or policy changes for the partnership
agreement or bylaws, whichever you use. Our PA states that
any member who misses 3 consecutive meetings in a row,
without prior approval from the majority of the members,
will automatically be removed. It also says that anyone who
is 61 days past due is also automatically terminated. Once
these new policies are voted on, they should be stated, in
detail, in the minutes of the meeting, and mailed to the
absent members. Then you wait. During this time, your
prospective new members should be attending meetings and
getting acclimated.
There are plenty of alternatives to deal with delinquent
members. Just do a search on "investment clubs" in any
search engine and you will find plenty of Partnership
Agreements and Operating Procedures that cover these things.
Just pick the best of all of them! Ours can be found at
www.bivio.com/crowriver
Good luck,
Lynn Ostrem
garbagecop@foxinternet.net
The age of our members range from the 40's to 70's so
there can be many reasons for lack of interest. It may
be temporary (busy schedules, illness, etc) so we
allow members to become 'inactive'. They have to pay
their dues, they can attend meetings but they cannot
vote. They can be reinstated by written request. We
have three inactive members and they were grateful
that they did not have to drop out. We have not
reached our maximum yet so will cross that bridge when
we come to it.
__________________________________________________
Do You Yahoo!?
Yahoo! Sports - live college hoops coverage
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there can be many reasons for lack of interest. It may
be temporary (busy schedules, illness, etc) so we
allow members to become 'inactive'. They have to pay
their dues, they can attend meetings but they cannot
vote. They can be reinstated by written request. We
have three inactive members and they were grateful
that they did not have to drop out. We have not
reached our maximum yet so will cross that bridge when
we come to it.
__________________________________________________
Do You Yahoo!?
Yahoo! Sports - live college hoops coverage
http://sports.yahoo.com/