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Can I form an investment club that will be run by one person? This person will buy&sell on behalf of others.? |
In other words, all the members yield the responsibilities of research, buying, and selling to one individual. Moreover, this person will not be paid for the work, but his own money will be part of the pool of club money. Thats more of an finanical advisor, which I think you need a licence for. If everyone agrees to buy a stock, and your the one who just handles the account and does all the trades, thats fine. It's safer to have a financial advisor who can choose the best mutual funds for you. I would have a problem trusting a novice with my money. Report It You are missing the whole point of an investment club. Each member brings a different outlook and experience to the table so all can benefit from the diversity. |
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