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Who else will join?
You are not sure how your friends will react when you mention the idea of starting a club. Answer: Test it out on two or three people. We guarantee you will get 100 per cent enthusiasm.
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Lack of knowledge
You don't know enough about how the stock market works or how to choose the right shares. Answer: ProShare Investment Clubs and the resources of Digital Look will guide you every step of the way. Hands-on investing will mean you learn quickly and you will soon become sophisticated investors.
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Who's going to do all the work?
Perhaps you are not good at book-keeping or taking minutes, or you don't fancy being chairperson. Answer: You'll find members who are willing to do the jobs that don't appeal to you. And with the software and club portfolio management systems provided by PIC and your brokers no officer's job should take more than an hour a month.
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What about the tax forms? And how do we pay out if a member leaves or dies? How do we do research? What sort of bank account do we need?
Lots of questions. Lots of answers: They are all in the PIC Manual.
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