Comments on: Start an Investment Club: How To, Rules and Reality Checks

By: Kids and Money — June 15, 2009 - by Money Hacks

Kids and Money — June 15, 2009 - by Money Hacks — Mon, 15 Jun 2009 23:20:22 +0000

[...] presents Start an Investment Club: How To, Rules and Reality Checks posted at Darwin’s Finance, saying, “With an investment club being a beginner’s [...]

By: OneMint - Economy and Your Finances Carnival 24 May 2009 | OneMint

OneMint - Economy and Your Finances Carnival 24 May 2009 | OneMint — Sun, 24 May 2009 08:04:06 +0000

[...] presents Start an Investment Club: How To, Rules and Reality Checks posted at Darwin’s Finance, saying, “A comprehensive ‘how-to’ and reality [...]

By: Ryan P Smith

Ryan P Smith — Fri, 22 May 2009 21:13:41 +0000

If you are close enough with everyone in the group then I don’t think it is needed. If there are “friends of friends” I would want to know the people I am investing with are stable financially. I would worry about them stopping funding or wanting to cash out early (possibly at an inopportune time) if they were dealing with credit and debt issues. I know there are rules in place, but why get in a messy situation if you can prevent it?

By: Darwin

Darwin — Fri, 22 May 2009 21:08:04 +0000

Hmm. We had never considered credit scores. Is the concern being in the same Limited Partnership or just that they may have to withdraw or cease monthly funding? As a general thought, I’m not a big fan of sharing personal income or savings with friends, but I guess if my credit score was decent, I wouldn’t mind. I’m not sure what the driver is though; would be interested to know the rationale.

By: Ryan P Smith

Ryan P Smith — Fri, 22 May 2009 20:52:36 +0000

Darwin, What advice would you have about having everyone disclose their credit scores, especially if you didn't have a close relationship with them? Ryan P Smith’s last blog post.."Twitter Porn Names": Fun Social Networking Game? Or Something Darker?