New Members Prospectus
Chartbusters Investment Club
Club Philosophy: Long-term investments that double every 5 years (this requires compounded annual return of 15%).
Investing Method: Fundamental analysis, as detailed by the National Association of Investors Corp.
Club Meetings: The partners meet on the third Sunday of every month. The meeting location is posted on the web at least three days in advance.
Cost: Members must contribute a minimum of $25.00 per month.
New Members: Individuals who are interested in learning more about Sample Investment Club are free to contact one of the current partners. You can find nearly all of their e-mail addresses in the Meeting->Members section. Our meetings are open, as long as you are a guest of one of the attending members. If after attending a meeting you decide that you would be interested in becoming a Chartbusters Investment Club Partner then you would need to fallow the procedures outlined in the club By-laws. Though Chartbusters Investment Club will not accept any new partners when the total number of partners reaches twenty.
Guests and New Partners: Partners may invite guests to any meeting. When consideration is given to adding a new partner, anyone considered shall follow the below outlined procedure.
The prospective new partner must attend two consecutive monthly meetings as a guest and before becoming a candidate for partnership. After the second consecutive meeting a formal discussion and vote will be held on awarding the candidate with partnership. The candidate must not be present for the discussion and vote.
New Partners must accomplish the following
Carefully review the Partnership Agreement of Chartbusters Investment Club and the Bylaws of Chartbusters Investment Club.
Sign the Partnership Agreement of Chartbusters Investment Club.
Supply the necessary information for partnership records.
Pay the one time membership fee of $25.00 (non-refundable) without benefit to the new partners capital account. And make a capital contribution of at least $25.00 to their account.
Obtain and read the NAIC official guide: Starting and Running a profitable Investment Club.
Learn to complete and present the Stock Selection Guide. Making a presentation of his/her own design should prove the completion of this.
Education of New Members: New members are not expected to know anything about investing when they join. The club teaches stock analysis to its members. The club always strives to increase its investing knowledge. At various times, meetings are devoted to learning new techniques or improving old ones.
Time Required of Members: Members are assigned a company to analyze about every month or so. The analysis usually requires anywhere from half an hour to an hour. On occasion members are assigned to a committee or are asked to make proposals at the meetings. But these tasks are never too time consuming.
Using Club Information for Your Own Benefit: Club members buy and sell stock for their own portfolios based on information gathered by the club. This is perfectly acceptable.
Annual Audit: The club's treasurer undergoes an internal audit every January.
Withdrawals of Funds: Members have access to their funds throughout the year. To protect the long-term club portfolio, short-notice withdrawals are discouraged by a 3 percent surcharge. This is merely to cover costs that the Partnership would accrue as a result of the withdrawal.