Page 41 - EQ Mag-issue 5
P. 41
INVESTMENT CLUB RESOURCE
Creating Economic Mobility Through
Family Investment Clubs
By Michelle Huang
aren Levingston Franklin, founder of World family member to mutually benefit. “You create your
Youth Foundation, is a student of education and own rules. You can choose to bring in the people who
Kalso a mentor, life coach, and advocate for family are unable to contribute a tangible dollar.” Karen's
businesses, adults, and children. She believes a person family investment fund was one that was innovatively
does not have to limit themselves to being only an customized to allow family members to join at any time
employee. That same person equally has the ability to with or without financial contributions. Today, there
forge opportunities and plot their economic mobility. To are nearly 20 family members in Karen's club who are
clarify, economic mobility is defined as the ability of an equally benefiting from this group strategy.
individual, family or group to improve their economic
Many individuals further believe investments are solely
limited to stocks, funds, or bonds; however, this is not
true. Karen's family investment club included
investments in tangible products, foreign currencies,
gold, commodities, and more. As the value of the
investments grew, each family member benefited
mutually thereby increasing everyone's economic
mobility. So, how do the family members know what to
invest in and whether it was the right investment?
Karen shared her club's first investment in the Iraqi
currency, the Dinar. “You have to ask why and perform
research.” At the time, the word was the Dinar was
being revalued. This information was examined to
ensure credibility. Each club member performed
research, joined conference calls, and evaluated
status that is usually measured in the change of income information from different sources. The same steps
and social status. In this article, Karen shares how both were also performed with every subsequent investment
her family and friends improved their economic made. As the investments were made, the family
mobility through the establishment of family members can then easily track the investments'
investment clubs.
performance online providing each member full
transparency and access to gains.
Family investment clubs is a group of individuals who
pool funds together in order to make investments that is
mutually beneficial to everyone. Karen's family Final Thoughts
investment club started over 10 years ago when a cousin
learned about this strategy and asked one family When it comes to successful investing, there are two
member a simple question: “Would you be interested in things that must happen: Be in the room and apply the
an opportunity?” At the time, not all family members knowledge. Karen shared a key to her success included
jumped at the opportunity. Some member was taking the risks associated with the gained information
uneducated on the strategy and others simply didn't because, without risks, there are no opportunities to be
have the tangible funds to contribute. Whether a family become bold, to scale, to transform, or to see something
member decided to forgo the initial invitation due to new that is normally not visible. “Don't be afraid. Go to
the fear of the unknown or simply didn't have any spare places that you never been and participate. Follow your
funds, Karen shared there is still a position for every heart.”
40 | www.equitymovement247.com
