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Long-standing clubs
I just re-read your message and still have a lot of questions:
  • Is your investment club a tax-identified partnership?
  • Are dividends and earnings distributed according to ownership share or informally?  
  • Can minors legally join a partnership?  
  • Can as few as six people make the decisions for a group of 34 without anyone disagreeing?  
  • Do the members who never attend consider themselves members on an Investment Club or are they just helping fund the activities of the 6-12?
  • Do all 34 partners (junior and otherwise) make monthly payments?
Perhaps my mind expects structure that doesn't exist in this case. 
 
Mike Jones
Wall$treet Wannabees



From: Francis R. Nistico via bivio.com <user*27073700001@bivio.com>
To: club_cafe@bivio.com
Sent: Tuesday, June 24, 2014 3:48 PM
Subject: [club_cafe] Re: long standing clubs

Our club celebrates its 30 year anniversary this year. We
currently have 34 members, 13 of which are considered junior
partners (minors - children/grandchildren of members).
We started with 4 members, and the original 4 are still with



the club.


We have a breakfast meeting the 3rd Saturday of each month,
at the same place, at the same time so members can make
arrangements if they plan to attend. we generally have
anywhere from 6-12 at any given meeting. We also have a few
members who never attend, but they make sure their monthly
payment is sent in. For those unable to attend we provide a
monthly newsletter, sent out (email) the Wednesday prior to
the Saturday meeting as a reminder to everyone, and also to
provide a snapshot of the months activity. As I hear,
members look forward to the newsletter which is kept to one
page.

We consider our club lucky in way, because we do have a
group of people who still find it exciting investing for fun
and prosperity. Have more to share if there is interest.

Frank N
FMA Investment Club



Mike, in the process of putting together a response to your questions of my initial Club Cafe entry. Be back to you soon.


-----Original Message-----
From: Mike Jones via bivio.com <user*21595500001@bivio.com>
To: club_cafe <club_cafe@bivio.com>
Sent: Wed, Jun 25, 2014 2:01 pm
Subject: [club_cafe] Re: Long-standing clubs

I just re-read your message and still have a lot of questions:
  • Is your investment club a tax-identified partnership?
  • Are dividends and earnings distributed according to ownership share or informally?  
  • Can minors legally join a partnership?  
  • Can as few as six people make the decisions for a group of 34 without anyone disagreeing?  
  • Do the members who never attend consider themselves members on an Investment Club or are they just helping fund the activities of the 6-12?
  • Do all 34 partners (junior and otherwise) make monthly payments?
Perhaps my mind expects structure that doesn't exist in this case. 
 
Mike Jones
Wall$treet Wannabees



From: Francis R. Nistico via bivio.com <user*27073700001@bivio.com>
To: club_cafe@bivio.com
Sent: Tuesday, June 24, 2014 3:48 PM
Subject: [club_cafe] Re: long standing clubs

Our club celebrates its 30 year anniversary this year. We
currently have 34 members, 13 of which are considered junior
partners (minors - children/grandchildren of members).
We started with 4 members, and the original 4 are still with



the club.


We have a breakfast meeting the 3rd Saturday of each month,
at the same place, at the same time so members can make
arrangements if they plan to attend. we generally have
anywhere from 6-12 at any given meeting. We also have a few
members who never attend, but they make sure their monthly
payment is sent in. For those unable to attend we provide a
monthly newsletter, sent out (email) the Wednesday prior to
the Saturday meeting as a reminder to everyone, and also to
provide a snapshot of the months activity. As I hear,
members look forward to the newsletter which is kept to one
page.

We consider our club lucky in way, because we do have a
group of people who still find it exciting investing for fun
and prosperity. Have more to share if there is interest.

Frank N
FMA Investment Club