Remember that an investment club is more than just a way to get involved in the stock market, it can be turned into a business. You should therefore talk to a tax advisor or an accountant to help you set up the correct legal structure.

What about property?

Ultimately the results will be a reflection of the team?s commitment to make your club grow and prosper. A dedicated and educated approach will ensure that you not only become wealthy but also have fun in the process.

But what about investing in property? I don?t think that getting involved in property with a bunch of friends is wise as it cannot easily be liquidated if one of the members wants to resign from the group. Instead you could rather look at property-based investments like property unit trusts.