Be­fore you club to­gether ...

The Daily Telegraph - Your Money - - YOUR MONEY -

Join an ex­ist­ing club via ProShares and other web fo­rums. Those want­ing to start their own club should form a group and agree meet­ings, con­tri­bu­tions and re­search pro­cesses. A trea­surer, sec­re­tary and chair­man could be cho­sen.

Bro­kers in­clud­ing the Share Cen­tre, TD Di­rect and Har­g­reaves Lans­down of­fer club ac­counts.

Form a con­sti­tu­tion: ProShares’ In­vest­ment Club Man­ual is a help. Two or more sig­na­tures should be re­quired be­fore money can be spent. Thor­ough record-keep­ing is cru­cial.

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