Starting an Investment Club

Starting an investment club

7 Responses

  1. Hi Mike, have always had good functionality for investment clubs. They’re also tied to a broker now (not sure of the details) so I think you can have the actual broker accounts there as well.

  2. Avatar Ross Phillips says:

    Hi Mike,
    Did you ever find or start an Investment Club. I’m actually a member of one of the clubs advertised on the ProShare website – Black Monday Investment Club.

    We meet in London every 6 weeks or so and follow most of the rules you set out in your article; with the exception of weighted voting.

    We are a pretty diverse group and whilst making money is obviously the aim we also definitely do it for the educational and social (we meet in a pub near Bank).

    Happy to chat it through some time if you are interested – our next meeting also happens to be our AGM in January (15th I think)

    • Mike Rawson Mike Rawson says:

      Hi Ross,

      No – we barely got past 50% of the monthly contributions I was looking for to make it interesting. I’m still up for it if more people sign up.

      Thanks for letting me know about your club – I’ll drop you an email.


    • Avatar Alan Roberts says:

      Hi Ross,

      Sorry to hop on and hijack his thread but I was hoping you may be able to offer some advice? Im looking to set up an Investment Club also with some friends and have had meetings, assigned roles etc but I’m struggling with opening a free bank account. A lot of information I’ve found says you can do this but I’m struggling to find one. Does your club use free banking or have you had to open a business account?

      Thanks in advance for any help you can offer.



      • Mike Rawson Mike Rawson says:

        Hi Alan,

        Don’t worry, you’re not hijacking. From what I hear, a lot of the trad banks have tightened up in recent years. Places like the Co-op and Santander used to offer “community” accounts for clubs, but sometimes they won’t recognise an Investment Club as “Not for Profit”.

        It might be worth looking at some of the challenger banks, like Metro.

        Good luck, and let us know how you get on.


  3. Avatar Danny Lee says:

    Look forward to your Newsletter. Eager to learn.

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Starting an Investment Club

by Mike Rawson time to read: 6 min
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Today's post is about investment clubs. Is it worth joining one, or even starting one? Are they legal?