How the club was started . The first thing I did was buy a copy of The Beardstown Ladies Investment Club book. It was very easy reading and I realized that starting a club was not difficult at all. I joined the NAIC with my daughter as The Browncroft Investment Club and began studying the brochures and the Investor's Manual we recieved. The manual emphasized that selection of potential partners for the club was very important to avoid potential problems in the future.
Potential partners have to be willing to share equally the workload of operating the club.
They have to have a desire to learn about investing in the stock market and studying companies. It is very important that they realize that this type of investing is for the long term . I began discussing the idea of the club with some friends and family who agreed that this may be a good idea. It became obvious that they needed a lot more information. A friend and I drafted a list of 25 potential partners who we felt met the above basic criteria for membership.