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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: TonyM who wrote (12396)	4/9/1999 1:33:00 PM
From: LastShadow	Respond to of 43080

Family Investments Its no different than an investment club. The National Association of Investment Clubs (NAIC) wrote an excellent book called Starting and Running a Profitable Investment Club (by Ohara & Janke) that describes everything you need to do, and they sell some decent tracking software to apportion wins/losses to members. A club can designate one person to trade via the Trading Agent Authorization form most brokerages have - it allows not only the members but two or more designated reps who may not be members of the club to handle the account transactions and inquiries. There is no restriction involving personal money, asthe gains/losses are apportioned according to the amount of each person's original investment and continuing contribution. The software is extremely valuable at tax time, btw. lastshadow