I wanted to start a club, but don't personally know enough
people to get it off the ground. Would appreiciate some
advice from people who have started there club with people
they were matched up with online. Is it working? If you had
it to do over again would you take the same path, or would
you be patient until you could find enough people that you
new personally?
Also people who started thier club with people they new. Did
that create any issues between you?

Are you wanting to form an online club or a club with
members from your area? I am looking to either start a club
of my own or join one that is in need of new members. I
live on the east coast and would like to find an online
club, but preferably with people on the east coast.

I think what's most important is that you have members who
share the same common goals, and members who are equally
committed to doing their share of the research, etc. I
think that if you have to "convince" your friends/family to
do it, just because you know them, I think in the long run
the club would not work because of the lack of motivation.
An investment club requires time and effort...especially in
the beginning.

If anyone has any information on any online clubs looking
for new members, please let me know.

That's probably good advice.

I am interested in starting an online club. I do live on the
east coast, but on the southern portion of it. I live in
Georgia. I hoped to be able to find at least 12 people to
start a club but know that number seems like it is reaching.

Alysia...

I'm a partner in an on-line club. My advice is start smaller than 12.
E-mail communications have a way of multiplying in a geometric fashion and
12 people would be a difficult number to effectively work in an on-line
format until you work through the details.

John Munn
Cross Country Investment Club, an on-line club


----- Original Message -----
From: "Alysia G. Furr" <alysia@bivio.com>
To: <club_cafe@bivio.com>
Sent: Thursday, July 11, 2002 2:14 PM
Subject: club_cafe: Re: The Starting of a New Club


> That's probably good advice.
>
> I am interested in starting an online club. I do live on the
> east coast, but on the southern portion of it. I live in
> Georgia. I hoped to be able to find at least 12 people to
> start a club but know that number seems like it is reaching.

Well how many people would be ideal? If we start too small
wouldn't we all have to come up with larger amounts to start
our brokerage account?

John R. Munn wrote:
> Alysia...
>
> I'm a partner in an on-line club. My advice is start smaller than 12.
> E-mail communications have a way of multiplying in a geometric fashion and
> 12 people would be a difficult number to effectively work in an on-line
> format until you work through the details.
>
> John Munn
> Cross Country Investment Club, an on-line club
>
>
> ----- Original Message -----
> From: "Alysia G. Furr" <alysia@bivio.com>
> To: <club_cafe@bivio.com>
> Sent: Thursday, July 11, 2002 2:14 PM
> Subject: club_cafe: Re: The Starting of a New Club
>
>
> > That's probably good advice.
> >
> > I am interested in starting an online club. I do live on the
> > east coast, but on the southern portion of it. I live in
> > Georgia. I hoped to be able to find at least 12 people to
> > start a club but know that number seems like it is reaching.

Alysia...

I would start with a core group of about 5-7 people to work through the
organization details. While those administrative details are being taken
care of, you'll have taken possibly 3 months to work through details, all
the while saving for your first deposit. Yes... with fewer people it takes
longer to accumulate a sum to invest, but it just means that in a years time
your portfolio is only half as diversified as it otherwise may have been....
you'd have just as much personally invested. With fewer people you'd have a
larger percentage of the pie, and have not had as great an opportunity to
invest in as many stocks, but your goal is to first and foremost get a
healthy partnership started. You can always double your investment if you
want to have more frequent purchases.

John

----- Original Message -----
From: "Alysia G. Furr" <alysia@bivio.com>
To: <club_cafe@bivio.com>
Sent: Friday, July 12, 2002 10:47 AM
Subject: club_cafe: Re: Re: The Starting of a New Club


> Well how many people would be ideal? If we start too small
> wouldn't we all have to come up with larger amounts to start
> our brokerage account?
>
> John R. Munn wrote:
> > Alysia...
> >
> > I'm a partner in an on-line club. My advice is start smaller than 12.
> > E-mail communications have a way of multiplying in a geometric fashion
and
> > 12 people would be a difficult number to effectively work in an on-line
> > format until you work through the details.
> >
> > John Munn
> > Cross Country Investment Club, an on-line club
> >
> >
> > ----- Original Message -----
> > From: "Alysia G. Furr" <alysia@bivio.com>
> > To: <club_cafe@bivio.com>
> > Sent: Thursday, July 11, 2002 2:14 PM
> > Subject: club_cafe: Re: The Starting of a New Club
> >
> >
> > > That's probably good advice.
> > >
> > > I am interested in starting an online club. I do live on the
> > > east coast, but on the southern portion of it. I live in
> > > Georgia. I hoped to be able to find at least 12 people to
> > > start a club but know that number seems like it is reaching.

Michelle Larson wrote:
> Are you wanting to form an online club or a club with
> members from your area? I am looking to either start a club
> of my own or join one that is in need of new members. I
> live on the east coast and would like to find an online
> club, but preferably with people on the east coast.
>
> I think what's most important is that you have members who
> share the same common goals, and members who are equally
> committed to doing their share of the research, etc. I
> think that if you have to "convince" your friends/family to
> do it, just because you know them, I think in the long run
> the club would not work because of the lack of motivation.
> An investment club requires time and effort...especially in
> the beginning.
>
> If anyone has any information on any online clubs looking
> for new members, please let me know.

Michelle,
Have you found a good online club? I'm also torn between
finding an online club and a local club. I've been to a few
local groups, but they're not something I'm interested in.
Half the members do all the work. The other half bring their
dues and just ride the backs of everyone else.

If you found one, how do you like it? Are they still looking
for members? Are they NAIC-compliant? Do they do SSG's?