Can you give me advice on starting a shareclub?

Q: Ten of us have just formed an investment club, along the lines of the Beardstown Ladies group. We have received information from the NAIC in the USA and are using their educational materials to get ourselves going. What might we need to consider in NZ? Are there any major differences we should know about such as tax laws, partnership agreements etc.? When we make our first investment as a club how does the FIN and shareholder number situation work? Can it be in the partnership's name? Any advice regarding investment clubs in NZ would be welcome.

A: First I suggest you read this article, Share Clubs Are a Hidden Asset, written by the NZ investment advisor, David McEwen, which has been published on ShareChat.

This article mentions a website that will also be helpful, http://www.shareclub.co.nz/, and should be able to answer all your questions.

     

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