Create investment club managed by local retirees

I have an idea, upon which more intelligent people will have to place their judgment.

This idea entails the creation of an investment club. A club that would be managed by three local retired people who have lots of investment experience. The funds would come by way of charitable contributions. The purpose would be to provide a variable, but steady source of funds to provide for the betterment of the homeless.

As an investment club, much red tape would be avoided. But as an investment club, donations would not be tax deductible. (Distributions of funds to the homeless, however, might be prorated among members, who might then be able to receive tax benefits in those amounts.)

All those who participate in the operations of the club, but also all donators, would have the opportunity to enjoy social benefits, as well as proximity to those with many years of investing experience.

There would be a need to also appoint a committee that would determine the various distributions of funds for the care of the homeless. Maybe some new ideas on how to directly, immediately, individually and practically help those among us who lack normal shelter will materialize.

The club would avoid local bureaucratic interference, existing programs, where appropriate and failed programs of the state.

In 1966, I wrote my master’s thesis on investment clubs, when most of the information was anecdotal. My interviews with various members consistently indicated the enjoyment that members received.

Raphael O’Suna

Haiku