Yes, investment clubs are legal. People from all walks of life join investment clubs, discovering it's a sociable hobby and a great way of earning extra money. Remember that 60% of investment club members are stock market novices when they start off, and over 40% of clubs hold their monthly meeting at a pub. There are also investment clubs that cater for high-net-worth individuals where entry levels are very steep.
Clubs tend to meet once a week or month for a couple of hours to
discuss how to run things and decide on new investments. The nominated treasurer or chairman may spend another few hours a week or month extra.
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