A.I.M. Users Bulletin Board

[lostcowboy]

Hi conrad, I can see how your Vortex Fund experience may have turned you away from investment clubs. You can see on the Bivio front page under Club Cafe, that you are not alone with these problems. http://www.bivio.com/index.html

As far as your two aspects are concerned, 1) learning about investing and 2) social interaction

We are doing that right here on this message board. So you could say we already have the beginning of a club here. The only thing is that it is a informal club. We are not pooling any money. We have already had two informal yearly meetings. Some people have expressed that they wished there was a fund that invested the AIM way, but there is none. I assume these people have less then the recommended minimum of $10,000 to invest the AIM way. They would probably like the idea of a club, but there is a problem as there are not that many of them in one state let alone one city. Which leave you with what? A online club. But that is not easy to do. First you have to find the founding members, then you have to make sure the club rules and regs are legal in the states that the members live in, you have to register with the IRS. Then once you are legal, the accounting nightmares start's. The only thing Bivio is doing is helping with the Accounting nightmare, the rest you would still have to do your self. Here is one of the investment clubs that use Bivio, http://www.bivio.com/crowriver/files/index.html?home=1 , They have been nice enough to post all their legal documents, so that other people can see what they need to do. They even have assignments that people are expected to do between meetings, and if they are not active then they are kicked out of the club.