I have been approached by Ralphs employees about how to save and invest. Their biggest complaint is the high minimum initial investment needed to open accounts. I am exploring starting an Investment Club (which involves filing a Partnership (investment)). I would make at least one book required reading, Millionaire Teacher - The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallum. Plans would be to follow the strategy outlined in the book. Kind of mirrors the philosophy of John Bogle (started Vanguard) and Couch Potato Investing. We would use the following funds (all Vanguard) as choices to start: VTIBX Total Bond Market Index (.23% expense ratio) VTSMX Total Stock Market Index (.17%) VGTSX Total International Stock Index (.22%) Each fund has an initial minimum investment of $3,000. I would commit funds to the venture to make sure we had the initial investment up to $9,000. Plan to begin Partnership 1/1/2014. Is there additional interest out there for joining an investment club?
Posted on: Mon, 16 Sep 2013 16:15:37 +0000