Investment clubs

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14. Things to do after the inaugural meeting

• Send out the minutes of the inaugural meeting
  The secretary of the club should make comprehensive notes of the meeting and send out a record of the decisions made. The minutes do not need to include a record of the discussion as well, though some secretaries choose to provide one. Click here for an example of minutes.
• While some actions at this time may feel over formal, such as the appointment of separate people to sign cheques, remember that although the club is small now, it could have £100,000 in it in three years time; so put in security systems at the beginning to reflect this.
• At the same time as sending out the minutes, the treasurer should send each member a standing order. Click here for an example of a standing order mandate.

1. What is an investment club? 2. A simple explanation of how it works 3. Why join an investment club? 4. Deciding on your aims 5. Joining an existing club 6. Preparing to launch a new investment club 7. The draft constitution and rules 8. Drafting the investment strategy 9. Example of an investment strategy 10. Attracting members to your club 11. Preparing for the inaugural meeting 12. The inaugural meeting - appointment of officers 13. The inaugural meeting - key decisions 14. Things to do after the inaugural meeting 15. Starting the processes 16. Running the first meeting 17. Regular meetings - the key to success 18. The cash account 19. The capital account 20. The asset register 21. The annual general meeting 22. Tax 23. Performance measurement 24. Dealing with a member leaving 25. Conclusion

• ProShare Investment Clubs Looseleaf Manual
• The Motley Fool Guide to Investment Clubs
• The Company of Successful Investors