Tools For Starting A Stock Option Investment ClubProvided By Ultimate Trading Systems Useful Resources To Help Your Stock Option Investment Club SucceedAs with all aspects of a investing there are a number tools, software programs, and pieces of information that can make running your stock option investment club smoother. Consider having several of the members of your stock option investment club try different types of software on their computers so that the club can make an informed decision about where it wants to invest. Some of the software for your stock option investment club available includes: Stock analyzers. There are different types of software available that will help you analyze the stocks that your stock option investment club is interested in and keeping an eye on. Available from Kingsoft: http://www.kinginet.com/ Available from NAIC: http://www.better-investing.org/about/software/nsa.html Accounting software. Youll want to have software for accounting purposes so that your stock option investment club can keep track of all your finances and generate reports for members of the club to have for their records. NAIC Club Accounting Software The NAIC produces an accounting software that is tailored to investment club needs. http://www.better-investing.org/about/software/nca.html Portfolio record keepers. This type of software will keep track of the stock option investment clubs portfolio. It will track details such as investment fees and transactions, your purchases and sales, member transactions, and stock market fluctuations for your stocks. NAIC Portfolio Record Keeper This software will help you keep track of the information that is important to your clubs stock portfolio. http://www.better-investing.org/about/software/prk.html There are also a number of investment sites that will send your stock option investment club newsletters which will contain a great deal of information about current stock trends. You may want to consider having members of the stock option investment club subscribe to some of these, such as the Investor Advisory Service provided by Iclub Central or The Motley Fools Money Advisor. Your stock option investment club may also want to consider investigating the most active stocks in various markets when they are ready to begin investing. Up-to-date information on this can be found at a number of sites, including www.quote.com. Remember, stocks are volatile and can fall or rise in a matter of hours so any price information that you get should always be confirmed prior to buying or selling a stock. Each stock option investment club needs someone who can keep a constant eye on the stock market and the stocks that its looking at, which is why your stock option investment club need a broker. However, one of the main reasons for starting a stock option investment club is to learn about the stock market and do your own investing. So the stock option investment club should take every opportunity that it can to learn how to monitor its stocks. You can find a great deal of information to help beginning investors, including how to read a stock quote, glossaries of investment terms, and explanations of stock symbols at sites such as www.investopedia.com or http://www.netvest.com/edu/edu_glossary.html. It doesnt matter whether youre an amateur investor just starting out, or a more experienced investor that wants to expand into more investments, there are tools and resources out there to make all parts of investing clear to your stock option investment club members.
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