I couldn't agree with Lynn more.

-----Original Message-----
From: Garbagecop [mailto:garbagecop@foxinternet.net]
Sent: Monday, November 18, 2002 10:01 PM
To: The Club Cafe
Subject: Re: club_cafe: New Club Looking to start


Brandon,

Please don't start an investment club. This is not the vehicle you are
looking for. I strongly suggest that you go to work for a company like
Merrill Lynch, A.G. Edwards, Schwab, etc., learn the ropes, put in your
time, and get a (relatively) free education. Then take the appropriate
tests to become certified to do what you want to do. That's how you're
going to win confidence.

There are serious consequences in store for you if you think you can start a
fund without the proper (and expensive!) bonding and licenses. It's highly
illegal and punishable by jail. I suggest you start with the sec.gov
website and go from there.

The SEC even governs investment clubs to the degree that it won't allow any
silent partners. If you want to control the funds, you need to do the
above. Personally, I wouldn't be worried about you absconding with my
money. I'd be more afraid that you'd lose it all. <G>

Nope, we clubbers will be way too slow for you! If you don't want to do it
right, then find a rich financial backer and learn to day trade. If you as
good as you think you are, you'll pay your financial supporter back with
interest and be completely on your own with no one looking over your
shoulder.

Good luck to you,

Lynn Ostrem
www.bivio.com/crowriver


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