The Millionaires' Club: How to Start and Run Your Own Investment Club and Make Your Money Grow [Paperback]

Carolyn M. Brown (Author)

Book Description

ISBN-10: 0471369381 | ISBN-13: 978-0471369387 | Publication Date: May 5, 2000 | Edition: 1

"Individuals have found that investment clubs are a wonderful introduction to the stock market. The first step is to get started, and Carolyn Brown has made it easy."-Kenneth S. Janke, President and CEO, National Association of Investors Corporation

The Millionaires' Club expertly teaches the essentials of running an investment club. Comprehensive without being complicated, this easy-to-follow guide covers everything from choosing a broker and running effective meetings to investing online and analyzing your club's results. You'll discover how to start the club that works best for you.

The Millionaires' Club will show you how to:
* Recruit members and develop an investment strategy
* Form your club's legal structure and design operating procedures
* Tackle record keeping and other taxing issues
* Research securities like the pros
* Use the Internet and the news to uncover helpful data
* Invest beyond the stock market-and build your own retirement portfolio


Special Bonus
To help you stay abreast of the latest business and money management information, Black Enterprise is pleased to offer:
* A free issue of Black Enterprise magazine
* A discount coupon for savings off the registration fee at Black Enterprise Events
(See inside coupons for details.)

Editorial Reviews

Amazon.com Review

If the money that passes through the hands of African Americans was ever centralized, it would equal the gross national product of the ninth largest country on earth. Despite this collective wealth, few blacks take advantage of this country's stock market--a trend financial journalist Carolyn Brown would like to reverse. The Millionaires' Club, written under the auspices of Black Enterprise magazine, is a concise guide outlining the basics of acquiring money through establishment of an investment club. It works like this:

Groups of people pool their money to invest. The club requires members to plunk down a set amount of money each month, which it then uses to buy shares in securities--mostly stocks. Profits and dividends are plowed back into the portfolio until the club reaches its financial goal. The appeal is simple: As a group, people with small amounts of money can consolidate their financial resources to make larger purchases of company shares.

Brown details everything you need to know to start a club, including recruiting members, regulating the group, and how to become profitable. She advises clubs to invest in growth companies, to diversify investments, reinvest earnings and dividends, and to focus on long-term investments. Brown also advocates the use of the Internet, investing in real estate, and the building of youth investment clubs. All told, Carolyn Brown's wealth-building wisdom is sound and realistic: "The good news about belonging to an investment club is that not only are you helping to enhance the group's cash reserves, but you are learning personal wealth building for the enrichment of your family, children, and the next generation." A good investment, indeed. --Eugene Holley Jr.

From the Back Cover

"Individuals have found that investment clubs are a wonderful introduction to the stock market. The first step is to get started, and Carolyn Brown has made it easy."–Kenneth S. Janke, President and CEO, National Association of Investors Corporation

The Millionaires’ Club expertly teaches the essentials of running an investment club. Comprehensive without being complicated, this easy-to-follow guide covers everything from choosing a broker and running effective meetings to investing online and analyzing your club’s results. You’ll discover how to start the club that works best for you.

The Millionaires’ Club will show you how to:

• Recruit members and develop an investment strategy
• Form your club’s legal structure and design operating procedures
• Tackle record keeping and other taxing issues
• Research securities like the pros
• Use the Internet and the news to uncover helpful data
• Invest beyond the stock market–and build your own retirement portfolio

Special Bonus
To help you stay abreast of the latest business and money management information, Black Enterprise is pleased to offer:

• A free issue of Black Enterprise magazine
• A discount coupon for savings off the registration fee at Black Enterprise Events
  (See inside coupons for details.)

See all Editorial Reviews

Product Details

• Paperback: 304 pages
• Publisher: Wiley; 1 edition (May 5, 2000)
• Language: English
• ISBN-10: 0471369381
• ISBN-13: 978-0471369387
• Product Dimensions: 9 x 6.2 x 0.7 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #459,194 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 12 people found the following review helpful:

5.0 out of 5 stars Great Info, September 18, 2000

By 

"mannbell" - See all my reviews

This review is from: The Millionaires' Club: How to Start and Run Your Own Investment Club and Make Your Money Grow (Paperback)

This book is a must have for those taking the necessary steps to a bright financial future. This book provided necessary information on all aspects of investment clubs from startup to management. I highly recommend this book.

9 of 11 people found the following review helpful:

5.0 out of 5 stars No Fuss No Muss Personal Finance, May 1, 2001

By A Customer

This review is from: The Millionaires' Club: How to Start and Run Your Own Investment Club and Make Your Money Grow (Paperback)

Let's face it. Personal finance is a drag. So many books, so much advice, and so much confusion. That is until you read the Millionaire's Club. Surprisingly, the author Brown does an excellent job. I say surprisingly because most personal finance writers seem to be just as dense as the very books that they keep churning out to the general public. Brown's book, however is short, clear and helpful. She's a straight shooter that believes in serving up no fuss and no muss personal finance. Millionaire's Club has got to be one of the best how-to investment club books currently on the market. I should know. I started an investment club three weeks after reading the book.

churning out.do a poor job of explaining difficult of little to of cutting through the morass of information involved in started starting ersonal finance jargon boiling down difficult concepts and Starting an investment club is Brown's book is not original, but it certainly is

2 of 2 people found the following review helpful:

4.0 out of 5 stars Excellent guide to organize an investment club from scratch!, January 5, 2007

By 

Pedro Molina Arathon (Guatemala) - See all my reviews
(REAL NAME)   

This review is from: The Millionaires' Club: How to Start and Run Your Own Investment Club and Make Your Money Grow (Paperback)

The author based this book on the official gude from the National Association of Investors Corporation, which is like the bible to organize investment clubs. But this book adds a lot of practical experience from other investment clubs that the official guide doesn't have. Go ahead and buy it if you are thinkiing of getting a good hold in organizing your investment club.