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MONTH CLUB BUSINESS EDUCATION HOMEWORK/OTHER Your Club’s First Year January Finalize meeting day/time/ location/refreshments Finalize amount each Member will invest per month Discuss risk level/comfort Choose a club name Review online brokerages Review officer position sand responsibilities All of the topics in “Club Business” are education enough for this month! Look to the homework to keep the momentum going. Below, we suggest Education topics for you in future months, but always feel free to go with the direction your club is headed. If you have other interests, by all means, pursue them! Research online brokerage accounts and compare. Come to the February meeting with suggestions. Research templates for investment club bylaws to create your own draft. Your club will review, edit, and approve the draft at the next meeting. February Elect officers Finalize initial Member roster Choose your online brokerage firm Review draft of club bylaws Bylaws usually take a long time to go through, so this month we just recommend going through club business Treasurer sets up online brokerage account. Each Member sets up online investment “bill pay” before March meeting. Treasurer sets up club accounting software Officers prep for next meeting (See Chapter 5: “Running a Meeting”) Check out online resources for investment info and research (getting your feet wet) Begin making a list of companies you like and are interested in To make this even easier for you, we’ve prepared a detailed outline for a full year of club operations. Modify this as you wish, or use it exactly as presented; some people may speed through the entire year in three months, other people may need more time to get the club set up and not start with education until later. However you do it, be sure and let us know how it goes and what works and doesn’t work. Drop us a line at the Rich on Fifty website. We’ll update this in future editions basedon your feedback. March Choose investment style Begin a general discussion of what companies are interesting and might be worth researching Complete/approve bylaws Club agreement about research (how often, expectations, etc.) Signing up for research (each Member chooses 1-2 months, ex.) Review Member deposits; make sure all are scheduled Begin discussing companies Members like Common Investment Styles Stock research reports: What’s in them? Practice researching and analyzinga stock Rich on Fifty:copyright: 2017 • Rich on Fifty, LLC • All Rights Reserved Visit http://www.richonfifty.com for more resources and information 1
Transcript of Pdf documents Final - richonfifty.com · ... (04//3'3(stu()/#*43f('jer >'9"'8(6')7'1(,':/3"*3v()$
MONTH CLUB BUSINESS EDUCATION HOMEWORK/OTHER
Your Club’s First Year
January Finalize meeting day/time/ location/refreshments
Finalize amount each Member will invest per month
Discuss risk level/comfort
Choose a club name
Review online brokerages
Review officer position sand responsibilities
All of the topics in “Club Business” are education enough for this month! Look to the homework to keep the momentum going.
Below, we suggest Education topics for you in future months, but always feel free to go with the direction your club is headed. If you have other interests, by all means, pursue them!
Research online brokerage accounts and compare. Come to the February meeting with suggestions.
Research templates for investment club bylaws to create your own draft. Your club will review, edit, and approve the draft at the next meeting.
February Elect officers
Finalize initial Member roster
Choose your online brokerage firm
Review draft of club bylaws
Bylaws usually take a long time to go through, so this month we just recommend going through club business
Treasurer sets up online brokerage account.
Each Member sets up online investment “bill pay” before March meeting.
Treasurer sets up club accounting software
Officers prep for next meeting (See Chapter 5: “Running a Meeting”)
Check out online resources for investment info and research (getting your feet wet)
Begin making a list of companies you like and are interested in
To make this even easier for you, we’ve prepared a detailed outline for a full year of club operations. Modify this as you wish, or use it exactly as presented; some people may speed through the entire year in three months, other people may need more time to get the club set up and not start with education until later. However you do it, be sure and let us know how it goes and what works and doesn’t work. Drop us a line at the Rich on Fifty website. We’ll update this in future editions basedon your feedback.
March Choose investment style
Begin a general discussion of what companies are interesting and might be worth researching
Complete/approve bylaws
Club agreement about research (how often, expectations, etc.)
Signing up for research (each Member chooses 1-2 months, ex.)
Review Member deposits; make sure all are scheduled
Begin discussing companies Members like
Common Investment Styles
Stock research reports: What’s in them?
Practice researching and analyzinga stock
Rich on Fifty:copyright: 2017 • Rich on Fifty, LLC • All Rights Reserved Visit http://www.richonfifty.com for more resources and information 1
April Practice researching stocks Looking at Basics:Stock price
Sales/Revenue
Selected Members do research for next meeting.
May Elect officers
Finalize initial Member roster
Choose your online brokerage firm
Review draft of club bylaws
Looking at Basics:EPS
Dividends
Selected Members do research for next meeting.
June Follow club agenda outline Looking at Basics:P/E Ratio
Return on Equity
Selected Members do research for next meeting.
July Follow club agenda outline Looking at Basics:Liabilities
Cash
Selected Members do research for next meeting.
August Follow club agenda outline Looking at Basics:Operating Income
Assets
Selected Members do research for next meeting.
September Follow club agenda outline Looking at Basics:EPS predictions
Selected Members do research for next meeting.
October Follow club agenda outline
Choose format for holiday party (potluck, catered, dining out, etc.)
Choose day/time for club holiday party
Looking at Basics:Long-term debt to capitalization
Institutional ownership
Selected Members do research for next meeting.
November Follow club agenda outline
Finalize assignments/costs for holiday party
Stock splits: what do they mean? Remind Members about holiday party preparations and confirm each Member’s contribution
December Holiday party! Selected Members do research for next meeting.
MONTH CLUB BUSINESS EDUCATION HOMEWORK/OTHER
Rich on Fifty:copyright: 2017 • Rich on Fifty, LLC • All Rights Reserved Visit http://www.richonfifty.com for more resources and information 2
