Top Nine Tips for Sustaining an Investment Club in Zambia

 

1) Set goals at outset

How long do you intend to let the Investment Club run for? 1 year? 5 years? 10? What risk are you all prepared to take with your investment? How much time and commitment are you all going to make? Make sure you're all singing from the same hymn sheet.

2) Keep Learning

One of the most popular reasons people join an Investment Club is to learn. Make sure everyone does. And not just in the first few months of setting up your club: the stock market is an ever changing environment and new theories and investment products and practices are developed all the time. Incorporate a regular educational slot into your Investment Club meetings. Share books, magazines and publications between members and report back useful information at your meetings. Check out The Knowledge for inspiration. There is a seemingly unlimited supply of educational information available on the internet and no limit to what you can learn.

3) External Speakers

Break up the usual monthly routine by inviting external speakers to present at your Investment Club meetings. You could ask other Investment Clubs in your area to present on their stock picking strategies; speak to your Investment Club Stock Broker or software provider; ask a local firm of accountants for an explaination on how to read company accounts, or even approach the CEO of a company your club is thinking of investing in. People can be surprisingly generous with their time.

4) Meet with other Investment Clubs in your area

It's fun to meet like-minded people with similar interests to compare notes and share experiences. You can find other clubs in your area on our Directory of Investment Clubs

5) Fantasy Portfolio Competitions

Run intra-club competitions. Manage fantasy £1 million portfolios. Award prizes - you could even ask companies you actually invest in or your broker for sponsorship for prizes.

6) Diversify your Portfolio

As an Investment Club, you're not just limited to investing in shares in the London Stock Exchange. There's nothing to stop you investing in overseas markets, CFDs, commodities, art, fine wine, property, gold, forests ....

7) Enter National Competitions

Keep an eye on the National Press and specialist Investment Magazines - they frequently run stock picking competitions with fairly substantial prizes.

8) Attend Investment Club Events

A great opportunity to learn, meet other clubs and enjoy a glass of wine or two with fellow investors. For a list of upcoming events click here Investment Club Events.

9) Keep it Fun

Vary the venue where you meet. Arrange trips to visit companies your club has invested in, meet with fund managers or other industry professionals or arrange to visit a Stock Exchange. Organise a Christmas Dinner and bring your partners. Make it compulsory to wear fancy dress to your AGM (dress as your favourite stock!) and award silly prizes to the best and worst stock pickers. Combine club meetings with barbeques; wine tastings or picnics; golfing holidays or track days.

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ZANAICA is promoted and hosted by Twende, Twende, an on-demand platform and Zambia’s first superapp, that also offers motorcycles (bodabodas) and tricycles (tuktuks), on lease to own, hire purchase model. Twende promotes investment clubs as an initiative to promote savings and investment culture in Zambia. To get free investment club training, do not hesitate to contact us on facebook at https://wa.me/+254103242604, or https://chat.whatsapp.com/HNosGG0OmdWHvXnFHVSLoh or email us at zanaica@twende.store or visit Twende offices at Manda Hill, Plot 271/C.