Investment club for women operating in. Club of successful investors

Hello Dear our referrals, club members

and guests of our site.

Welcome to our "Club of Successful Investors"! Surely many have asked the question: “Is it really possible to make money on the Internet? Is it possible to make money on HYIP ah and other investment projects"? Our answer to you is YES!And you can actually earn very, very good money! We think many have tried themselves in making money on the Internet, in the same HYIPs, etc. Who made money, who lost their money, who continued to move on and achieved success, a certain level, and who was forever disappointed in this matter. There is one reason for everything - everyone learned from their mistakes, just as we once learned! So let's learn from other people's mistakes, not repeat them, but just make money successfully! As a rule, all newcomers to investing are unlucky, or a little lucky, or have normal luck, but then all the money is still squandered in other projects. Everyone is chasing big money, but as a result they remain nothing....

But who knows? Where to invest? When to enter? How long? When to go out? etc...

This is why we created:

"CLUB OF SUCCESSFUL INVESTORS"

We have been investing in HYIPs, trust management and other investment projects for more than five years. We have been doing this successfully for 3.5 years. Every year the results get better and better.

There will be no listings or agreements with admins in the club, we only invest our own money

Why was the club created? The club was created to unite our referrals who are serious about consistently earning decent money. Our club members will constantly receive recommendations, advice on entering a particular project, our daily or once every couple of days profit reports with a detailed description, they will always be able to ask questions of interest, and will always be informed in a timely manner about the HYIP market and other earning projects.

Entrance to the club "Successful Investors Club" - Free and without restrictions!

The only thing that is required of you:

1 . Apply for membership in our club (button below).

2 . Be our referral in all projects that we recommend.

3 . Follow the directions and diagrams we offer.

4 . Do not disclose all information to outsiders who are not members of our club.

A brief overview of our activities over the past investment year:

Start of deposits under the program from 03/01/2015.

The starting total amount of contributions to all projects is $3800.

Month	Number of projects	Net profit
March 2015	7	1392 $
April 2015	7	1628 $
May 2015	9	1987 $
June 2015	9	2204 $
July 2015	8	1856 $
August 2015	11	1823 $
September 2015	11	2231 $
October 2015	11	2377 $
November 2015	10	2032 $
December 2015	11	1933 $
January 2016	11	1865 $
February 2016	12	2488 $
Total		23816 $

As you can see, starting with an initial amount of $3,800, our income for the entire investment period amounted to $23,816, which is an average of about $1,984 per month.What do you think? Not bad?

The total amount of contribution to all projects can be any, as much as your capabilities allow. It could be $380, or $100, or $10,000, any... The main thing is that you strictly adhere to our advice and instructions.

Club start 03/06/2016. Follow our news!

IMPORTANT INFORMATION! In order to remain our member after registering in the club, you must register and participate in at least 5 projects from our list using our referral links. Otherwise, we will be forced to exclude you from the club due to inactivity and you will no longer be able to receive all detailed information about earnings, entries, exits, projects, advice, reports, etc.

Follow us - and you will always earn like we do!

Always in the black and no losses!

When registering, do not indicate mail.ru, list.ru.., as letters do not reach such mailboxes and many foreign projects do not want to register them.

On August 6, 2013, a decorous feast was taking place in the banquet hall of an expensive restaurant on Brestskaya Street. We celebrated the upcoming holiday - Builder's Day. In the center sat the guest of honor, head of the Moscow Construction Complex Marat Khusnullin. He was surrounded by “colleagues” - large capital developers and rentiers, more than 40 people in total. At the height of the party, Khusnullin addressed the audience: “Why do you all come to me separately, but I tell you the same words? Organize among yourselves." This was not impromptu - at that moment Khusnullin actually announced the proposal of his boss, Mayor Sergei Sobyanin. The chairman of the board of directors of Guta-Development, Artem Kuznetsov, immediately responded to this proposal: “Why not. Let's get organized."

A couple of days later, Artem Kuznetsov, co-owner of Binbank and construction companies "Inteko", GC "PIK" Mikail Shishkhanov, co-owner of GC "Absolut" Alexander Svetakov, co-owner of GC "Promsvyaznedvizhimost" Dmitry Ananyev, co-owner of "Gostiny Dvor" Mikhail Khubutia and several other businessmen agreed on the creation of the Moscow Investors Club.

Today the club includes representatives of 45 companies, including banks. All of them are major players in the real estate market; the “entrance ticket” to the association presupposes that the company has an annual turnover of at least 30 billion rubles and Moscow projects with a total area of ​​at least 1 million square meters. m. These businessmen are often direct competitors, but together they skillfully lobby for initiatives beneficial to everyone not only at the municipal, but also at the federal level.

How do the largest businessmen, who made their fortune in real estate and construction, negotiate with each other and with the authorities? And what can they not agree on?

New order

In October 2010, the mayor of Moscow changed, and a year later, the long-time curator of the Moscow Construction Complex, Vladimir Resin, left his post. During its heyday, the Moscow Construction Complex commissioned $33 billion worth of real estate. The former Minister of Construction of Tatarstan, Marat Khusnullin, was appointed to lead the industry. One of its first decisions, the new city administration actually imposed a moratorium on all new construction projects, regardless of scale. The developers were forced to stop work, despite the fact that they had documents in hand; they were losing time and money.

“The new government wanted to demonstrate two fundamental things,” says Artem Tsogoev, managing partner of the Moscow Central Real Estate Exchange, “to stop infill development and give a clear signal that the old order will no longer exist.”

Developers waited at least a year for the authorities to understand the situation on the market.

According to Inteko President Oleg Soloshchansky, construction is one of the most regulated sectors of the economy and requires constant contact with the authorities, but at that moment the natural reaction of officials was a kind of moratorium on communication with his company.

Even before his official appointment to the position, the future head of the Moscow Construction Complex began to actively study the market and requested statistics on the volume of investment projects and companies. He began touring construction sites and visiting businessmen. For example, Andrey Grudin, president of the Pioneer Group of Companies, with a total portfolio of projects in Moscow of 955,000 sq. m, met Khusnullin when he arrived at a construction site in Mitino, where the company was then building the “LIFE Mitinskoye” residential complex. Oleg Soloshchansky met Khusnullin when the head of the construction complex came to the Inteko office on Nikitsky Lane. The total area of ​​Inteko projects in Moscow is 2.9 million square meters. m. The new head of the Construction Complex impressed investors as an energetic, “damn hard-working” person. “Not a builder, but it was clear that he was an effective manager,” recalls Soloshchansky.

One of the key decisions of Sobyanin and Khusnullin was the cancellation of the investment contract - a document that determined what could be built and what part of the new space should go to the city. Now the boundaries of the construction site, the type and footage of the building were determined by the urban planning plan of the land plot (GPZU). It began to be issued by a specially created urban planning and land commission (GLC), which was headed personally by Mayor Sergei Sobyanin. Working groups headed by the deputy mayor for construction and property, Marat Khusnullin and Natalya Sergunina, are of great importance for resolving development issues. Instead of a natural share (in square meters), the investor began to pay the city with money in the form of taxes, rent payments and for changing the type of permitted use of the land. The new order was intended to resolve the issue of the behind-the-scenes distribution of construction sites under the previous government. However, according to Artem Tsogoev, the new rules brought clarity only formally.

Investors, whose projects were stuck during the change of power, began to break into the city administration with the same questions: permits, taxes, regulations, installments and other problems important for every builder. “We met with Khusnullin in an informal setting and discussed issues in clubs,” says Mikhail Khubutia. He recalls that he called for city builders to unite under the previous mayor, but the idea was not in demand then. “Everything in the city became arranged in such a way that after the change of mayor, everyone was equidistant,” says Soloshchansky.

Billions and millions

The idea of ​​a lobbying association seemed successful not only to businessmen. “The club is a place where businessmen will offer their ideas, and thus we will be able to understand what investors expect from the city,” Khusnullin tells Forbes. At the request of Sergei Sobyanin, the club remained an organization without forming a legal entity, so as not to “turn into a bureaucratic body.”

The club's entry conditions, formulated by the Moscow government, actually closed the door to representatives of small and medium-sized businesses.

A company included in the club had to receive at least 30 billion rubles in annual revenue (at that time - about $1 billion) and implement projects in Moscow with a footage of at least 1 million square meters. m. At that time, there were about 30 such companies. “Here comes a company that has two shopping centers with an area of ​​7,000 square meters in Moscow. m,” says Konstantin Timofeev, chairman of Moskomstroyinvest, a specialized committee working with the Investors Club. - What legislative initiatives can she offer us? It’s hard to imagine... because to participate in the club you will have to maintain a whole staff of lawyers, which costs a lot.”

The club's staff includes several lawyers, including an executive director who deals with regulations and meeting agendas. To prepare draft regulations, companies provide their lawyers. Naturally, their activity directly correlates with the company’s interest in a particular initiative.

Various meeting formats are available. In addition to official meetings chaired by Sergei Sobyanin twice a year, where top officials of companies come, businessmen meet with the mayor’s deputies for construction, property and transport blocks. Such working meetings with Marat Khusnullin, Natalya Sergunina and Maxim Liksutov (Head of the Department of Transport of the Moscow Government) are held at least once a quarter. Technical issues are discussed with department directors in working groups. Depending on the nature of the issue, representatives of interested companies attend these meetings.

Extended boards chaired by the mayor are held in hall No. 500 in the city hall building on Tverskaya, 13, behind closed doors.

“You shouldn’t think that after the press leaves, we immediately start dividing the money there,” explains a large Moscow developer, a member of the club.

“It’s just a lively discussion and the words are not always carefully chosen, why should outsiders hear it?” - he says.

However, there are still informal meetings. The club's budget is based on payment for informal events and feasts. “Artem [Kuznetsov] loves to throw parties,” says Oleg Soloshchansky. Informal meetings took place at Red October, where Guta-Development restored the Imperial Yacht Club, and at Gostiny Dvor, where the formal host of the meeting was Mikhail Khubutia. Meetings are held not only in Moscow - for example, entrepreneurs met in Cannes during the international exhibition MIPIM.

Today, according to Moskomstroyinvest, the club includes 45 companies, including banks. In addition to the already named ideological inspirers, members of the organization are God Nisanov, Samvel Karapetyan, Andrey Molchanov. Among the participants are the construction giants of Luzhkov’s time - “DSK-1”, “SU-155”, GC “PIK”, “Donstroy Invest”, as well as companies that have come to the fore over the past 5-7 years: GC “Pioneer”, "MR-group", "Morton". The club's lists include the construction divisions of Oleg Deripaska, Mikhail Prokhorov, Lev Leviev, Vadim Moshkovich. True, Deripaska and Prokhorov never came to the club’s meetings.

Small pleasures

In 2012, there was a heated discussion at the mayor's office about a new initiative of the city authorities on a simplified procedure for the seizure of land in the New Territories of Moscow for the construction of infrastructure. The large owners of plots near Moscow who were present in the hall frowned and listened with distrust to representatives of the property and construction blocs of the government. One participant recalled his neighbor expressing concern about the idea. “Listen, I’m a little scared,” one landlord near Moscow nudged another in the side with his elbow. “Imagine that first they will come to me, then to you... Officials, they are like that... they will adjust the justification to the needs of the city, and then they will take away the land in the interests of some private owner whom I am interfering with.”

Gradually, regular meaningful communication between the Investors Club and officials began. “We were introduced to some of the city’s initiatives to hear our reaction. Or not to hear,” Andrei Grudin smiles. How often have businessmen managed to defend their point of view over these two years? As the inventory of successful club initiatives shows, this is not so rare.

“We have achieved a smooth introduction of the real estate tax rate, which since last year has been tied to the cadastral value, and not to the book value,” lists Artem Kuznetsov. After the revaluation, the cadastral value of buildings increased by an average of 80%, notes Dmitry Malkin from the law firm Goltsblat BLP. The new procedure for taxation based on cadastral value was felt primarily by owners of large shopping centers and offices. For example, the cadastral value of the Vremena Goda shopping center, owned by the fund in which Ruben Vardanyan and Gagik Adibekyan invest, was about 6 billion rubles, and the new cadastral value is approximately 11 billion rubles.

Previously, the tax rate was 2.2% of the book value of the building. Lobbyists convinced the Moscow government that it should be reduced to 0.9% in 2014 and then gradually increased to 2% in 2018. “This allowed us to adapt,” summarizes Kuznetsov. A significant argument in a dispute with officials could simply be refusal to pay taxes. “If we didn’t pay taxes on time, then penalties would accrue,” says Malkin. “It turns out that a business could simply borrow from the budget, but such behavior will create additional tax risks for the company.”

During the crisis in 2014, Moscow officials were forced to more actively respond to the club’s initiatives. Construction is one of the main sectors of the Moscow economy. At the beginning of 2015, Sergei Sobyanin estimated the total annual investment in the construction industry at 1 trillion rubles. Therefore, the anti-crisis program of the Moscow government, developed by Moscow officials at the beginning of the year, included many ideas and proposals from the Investors Club.

When starting a development project, an investor is often forced to change the type of legally permitted use of the land plot on which development is proposed. The fee for changing the type of permitted use of land can reach up to 500 million rubles or more.

“At the entrance to the project you have to pay serious money, and now many companies are experiencing a liquidity shortage,” notes a Moscow developer, a member of the Investors Club.

At the beginning of the year, having listened to the proposals of businessmen, the Moscow government issued a decree allowing payment in installments. If the payment does not exceed 100 million rubles, the installment plan is provided for a year, from 100 million to 500 million rubles - for three years, and if changing the type costs more than 500 million rubles - for six years.

The Moscow government provides businesses with more than just tax breaks. “According to the standards, we build parking lots for new buildings. Their occupancy rate is on average 30–40%, at best 60%. In fact, we are wasting money because the parking lots are empty of cars,” says Ivan Romanov, member of the board of LSR Group, managing director in Moscow. This topic became the subject of discussion at the club meeting. Now, when issuing a development permit (GPZU), the town planning and land commission allows the construction of fewer parking lots than the standard suggests. But this does not apply to all projects yet. The Investors Club does not intend to stop there.

Zone of Special Interest

The ambitions of club members now extend even to solving the most serious issue in the construction industry - the use of the territories of dying or already mothballed industries. The total area of ​​industrial zones in Moscow is 18,800 hectares - this is 17% of the city's area (within the old boundaries). Such objects have a confusing structure of ownership of property and land, where the interests of federal departments, municipalities and private owners are intertwined. Often an owner who is not satisfied with the industrial zone redevelopment project can actually single-handedly stop the remaining co-owners-investors.

In the middle of last year, the Investors Club submitted its version of a bill on the development of industrial zones for consideration by officials. Lawyers from club members Dmitry Ananyev and Mikail Shishkhanov participated in its development. The bill will help land owners organize and agree on development. To do this, they are invited to create a mutual investment fund (UIF). The city, in agreement with the owners, will prepare a draft plan. An agency authorized by the city will manage the redevelopment process. The main thing is that the bill proposes, by increasing taxes, to influence those owners who do not want to develop their land according to the project. The Moscow government reported that the text of the document is being approved by the Russian government. A representative of the Ministry of Construction said that the proposals are being discussed, and a group of officials at all levels is working on the bill. This law benefits many club members.

For more than 10 years, the redevelopment project of the most famous industrial zone, Golden Island, has been stalled. The land here is one of the most expensive in Moscow; the cost of one hectare can reach, according to Maria Litinetskaya, general director of Metrium Group, $50 million. The idea of ​​demolishing old production facilities and developing 60 hectares with luxury real estate arose back in 2003. However, inconsistency in the actions of the owners and their conflicting interests actually stopped the project. Various plots on Bolotny Island are owned by the city, private companies (for example, 5 hectares owned by the Guta Group of Companies), federal departments (for example, 2.23 hectares owned by the Presidential Administration), and state corporations (1.4 hectares owned by "Rosneft"). During the time of Luzhkov, there was talk that 600,000 square meters would appear on this territory. m of luxury real estate. But for now all this is in words.

"Guta" owns 5 hectares on the territory of "Red October". Kuznetsov managed to obtain a controlling stake in the confectionery factory in 2002, and then, on preferential terms, obtained from the authorities the opportunity to purchase a 5-hectare land plot. He gradually removed production from the territory where Guta-Development planned to build about 150,000 sq. m. m of real estate. According to Forbes estimates, Guta has already spent about $500 million on the implementation of the project. Kuznetsov still managed to obtain a construction permit from the new city authorities, but the permitted volume of construction was less than before.

Many club members have plots of industrial territories. For more than 10 years, Alexander Svetakov sought the opportunity to develop the territory of the Badaevsky brewery and the Sacco and Vanzetti pencil factory. He spent several years buying out the other owners' shares. However, Sobyanin was also able to obtain a construction permit from the city administration and in volumes that did not recoup the invested effort and money. Tashir Group of Companies is developing the industrial zone on Krasnopresnenskaya embankment, where the former thermal power plant is located. LSR and TEN Group of Companies are working on the redevelopment of the ZIL territory.

On your own way

Has the club become the main platform for solving problems in the construction industry? Not so simple. The key issue for the developer is the distribution of construction sites. “We agreed from the very beginning that this is not a club for solving problems of individual projects,” explains Marat Khusnullin. Club members unanimously claim that they discuss only systemic issues and do not lobby for private construction projects. “At a meeting with the mayor, a large production worker stood up and asked the city to help load his production capacity,” says a Moscow official, “but immediately received a blow from his colleagues.”

However, it is precisely this circumstance that irritates skeptics.

“In the Sherlock Holmes movie there was a club of silent people. People hang out here too, only in a different way,” the owner of a construction company operating in the Moscow region is convinced.

In his opinion, “businessmen will not solve real issues together, because they are all competitors.”

Interesting detail. According to businessmen and officials, Zarakh Iliev and God Nisanov, the largest owners of commercial real estate in Russia, including the Ukraine Hotel and the Evropeisky shopping center, as well as Samvel Karapetyan, who owns the RIO chain of shopping centers, Cinema Star cinemas and a hotel Novotel, have little interest in the club. They come to meetings with the mayor, but the members of the association do not remember that they put forward any initiatives - either they are far from the club’s program, or they solve their problems in a different way. Both Karapetyan and Nisanov declined to comment for this article.

CONCEPT OF DEVELOPMENT OF THE RUSSIAN FEDERATION.
Innovative economy - an algorithm for modernization.

The working material examines the creation of an innovative economy of the state that helps ensure the cyclical process of its development. As a tool, it is proposed to use an algorithm for modernizing the Russian economy, which has no analogues in the modern world economy.
The creation of a modern economy is aimed at implementing a stage-by-stage development process, based on an intensive cycle, taking its predictability as a basis, based on the timing of the moral and material aging of development objects. The proposed stages make it possible to rationally form development funds according to the highest priority industry segmentation, taking into account the fact that the economic policy of the state must first of all ensure a continuous process of development in a spiral cycle: project development, preparation for implementation, implementation, result, while ensuring its repeated repetition and parallelism. In turn, development cycles during periods of maximum income will be the engine of economic growth, allowing additional implementation of projects during the most favorable periods of time for their demand in the domestic and foreign markets.
The “Concept for the Development of the Russian Federation” is based on a systemic principle of its construction, which ensures the functioning of an innovative economy and an effective mechanism for the interaction of new developers and entrepreneurs.
The creation of an innovative economy in Russia opens up additional opportunities for the state to determine a new vector of development that meets the interests of the state, the interests of regions, economic regions, cities, investors and, most importantly, will create conditions conducive to ensuring a decent life for the population of present and future Russia.
Some researchers (E. Toffler, F. Fukuyama, D. Bell, J. Naisbitt, etc.) believe that for most developed countries in the modern world, it is the innovative economy that ensures the global economic superiority of the country that embodies it. Currently, the development of an innovative economy is being introduced in their countries by the leaders of many developed countries (USA, Finland, Israel, Sweden, etc.)
The increasing complexity of modern innovative production and government functions, the increase in dynamism and the number of interrelated management decisions require non-traditional approaches to its implementation. In modern conditions, development objects are considered as local in isolation from the general development system of the state as a whole. Modern reality requires the predominance of large complex systems over small ones, therefore, economic development systems should occupy first place in it.
The modern economy is characterized by rapid changes in the situation, close interconnection of a mass of economic objects, and a wide variety of possible courses of action on specific issues. This significantly complicates the choice of rational solutions and requires widespread use of optimization principles in innovation. However, the problem of choosing solutions cannot always be brought to full quantitative certainty, allowing the use of mathematical optimization methods. In the process of creating an innovative economy, there remain such non-quantifiable elements as setting goals, coordinating group efforts of people, or finding ways to stimulate (motivate) workers to achieve group goals in the interests of the state.
Russia has concentrated enormous industrial and natural potential, although it does not occupy a leading place in the world in the production of the most important types of products and deep processing of extracted natural resources. However, the successes of our economy can be significantly increased, subject to the use of systemic actions in the form of a scientific and applied complex that forms the “algorithm for the modernization of the Russian economy”, then the modernization algorithm, which with greater certainty forms a new vector of development of our state and will offer society an alternative economic policy, not competing with economic systems of market and non-market types.
The modernization algorithm provides for five independent (self-sufficient) conditional stages: structural restructuring, economic recovery, economic stabilization, development of market relations, economic strategy for the long term and includes two interrelated systems: “development” and “management”.
The “development” system includes blocks; "procedural documents" and "software".
The “control” system includes blocks; “organizational” and “system (information and technical) support.”
The criterion for the development block is: the scientific and technical level of technology, the period of moral and material obsolescence, the effectiveness of the implementation of the development object.
The criterion for the control unit is; minimizing material, labor and financial losses in the process of implementing a development project.
The modernization algorithm is based on a systemic principle and approach that ensures that the specified parameters are achieved within the scheduled time frame or, if they diverge, allows for prompt changes to be made to them for adjustment. In the future, this will make it possible to make the necessary changes in the executive phase of development management and to move without conflict to target management in the implementation of plans and decisions.
The modernization algorithm, thanks to logical and mathematical models, more fully takes into account all the circumstances and relationships related to the decision being made and is aimed at achieving maximum overall efficiency as a whole. Limits the scope of application of subjective judgments and intuition of the administrator. At the same time, the thinking and behavior of decision makers are organized according to rational patterns. This facilitates the making of qualified, thoughtful decisions on each component of the problem and eliminates the issuance of unqualified conclusions on an overly wide and unfamiliar range of issues.
As is known, the traditional approach to management is based on a vertical distribution of powers and responsibilities and does not pay sufficient attention to the relationship and integration of actions aimed at modernizing the domestic economy.
The developed modernization algorithm forms a single space for developing and making informed decisions that will prevent the loss of resources and time through coordinated actions between all parties involved.
Targeted management of the development process will require specialists who are able to combine the skills of traditional managers with analytical abilities and who are called upon to successfully cope with the development of local solutions, taking into account the functional and systemic aspects of their job functions. (we have experience in training personnel at the federal and regional levels under this program on the basis of the Civil Registry Office under the President of the Russian Federation).
We developed it together with programmers from the NPO named after. Lavochkin, IMS "RR" (information management system for regional development), which allows you to systematize projects within the framework of comprehensive development programs for the Northern Fleet and by industry.
The introduction of a modernization algorithm will allow the state to systematize its actions and unite the efforts of various layers and groups of society and direct them to the implementation of a creative idea:
“The development of Russia is through the unity of interests of people and the state!”

Belyakov A.Yu. Ken. Professor.

An investment club is a community of like-minded people whose goal is joint investment in the stock market. There are several forms of investment clubs.

About the Academy's online Investment Club

The most difficult period in investment activity is the beginning. According to statistics, most mistakes are made by novice investors. The easiest way to avoid this is supervision by more experienced investors and constant classes that provide new knowledge and reinforce the material already covered with practice. This is precisely why it was created at the International Academy of Investments.

About Elite Investment Clubs

Elite investment club is not a group of people meeting just to chat. An investment club is a practical group of like-minded people who study together, put together a small amount each (you can start with $100), and then invest real money together and make real profits (not virtual money on simulators).

Practice has proven that learning new material always happens faster if learn by doing. So it is in this case: the very fact that you are investing your real money (even if it’s a small amount) encourages you to learn the basics of investing many times faster and approach this process more seriously.

In addition, each Club member receives support from more experienced investors who have confirmed their knowledge with successful practice in the stock market.

The main benefits of joining an investment club:

• Exchange of knowledge within the club, regular training from professionals.
• Support from successful investors.
• The minimum entry threshold is the ability to start investing from $100 (Elite Club).
• Saving time on market analysis.
• Saving money on access to information.
• The ability to copy club strategies on your personal account.
• Opportunity to communicate with investors from different countries.

Do you want to know:

• How does the Elite Investment Club function?
• What rights and obligations do club members have?
• Is there an active Elite Investment Club in your city?
• How to create a new investment club with our support?
• And much more…

Write to us in the section

We have created a new training program called DojiStar Investment Club (DSIC).

The reason was obvious: for the vast majority of Internet users, “learning to trade,” “trading on the stock exchange,” and at the same time vCollege were an empty phrase! It seemed that we were teaching people something that many simply could not imagine. How can you put into words the unique thrill that a trader experiences when he opens a position and watches a stock soar upward? Or the chilling horror that holds your breath against your will, when a position that just a moment ago seemed invulnerable crumbles to smithereens before your eyes?!

One can, of course, argue that numerous stock exchange simulators allow you to “get a taste” of trading, however, as we always thought, this is a dead end: “make-believe trading” is neither hot nor cold! It is enough to play poker for an hour with matches to understand the melancholy of such an “experience.”

The problem is aggravated by the fact that for real trading you need to open your own brokerage account, the minimum amount of which varies from 2 to 10 thousand dollars (for a brokerage account in America) and from 10 to 30 thousand (in Russia). Agree, the amount of $10,000 is a serious “surplus” to use without preparation for stock market speculation. And I want to try it! And no simulator can satisfy this itch. How to be?

That’s when we came up with the idea of ​​an “investment club,” which allows anyone to experience all the delights and passions of live real trading, but the risk is limited to $10! This is exactly the minimum share contribution we have set for DojiStar Investment Club.

We believe that today there are many prerequisites for the revival of DSIC (the economic crisis had an impact not least!), especially since, on the one hand, participation in the investment club does not imply any more or less tangible material costs, and, on the other , - personal experience of participating in real exchange trading is truly unique and serves as an invaluable addition to all training programs - Tough Drill, Free Run, and Blast.

Of course, the topic of reviving the DSIC requires deep and thorough study, especially from a legal point of view. However, regardless of whether we will ever bring the idea of ​​an investment training club to fruition, or whether it will remain a memory of our innovations 15 years ago, it is a phenomenon in itself investment club deserves to convey to readers information about its existence, its strengths and weaknesses.

We will begin the conversation with a compilation of articles by Sergei Golubitsky dedicated to investment clubs and published at different times in the Business Journal, as well as in a closed mailing list for members of the DojiStar Investment Club.

Investment clubs are a purely American invention, long ago put on an organized footing. The vast majority of US investment clubs are members of the so-called. NAIC – National Association of Investment Clubs of America, a non-profit organization founded in 1951 and uniting 13 thousand investment clubs with 400 thousand members at the end of the twentieth century.

Today, with just over 120,000 members remaining in the NAIC, we have to admit that the golden age of investment clubs in America appears to be a thing of the past. Such a sad circumstance, however, does not in any way detract from the merits of this extremely useful and very effective form of introducing people far from the financial world to the stock market.

Of course, the “investment club” has not only advantages, but also disadvantages, usually hidden from the unprofessional eye. I believe it will be useful for the domestic reader to learn about all these pros and cons today, when the idea of ​​an investment club is shamelessly perverted in the vastness of the Runet and is used by an army of swindlers for their own enrichment.

We found the following advertisement in RuNet. There is nothing unique about it, quite the contrary – it is typical. Typically, as an exemplary perversion of the investment club idea:

“Closed investment club, which is more than three years old! The owner of the club is a businessman with extensive experience and an impeccable reputation. Registration: carried out only by the inviter. Possibility of investing only for a period of 12 months. At the end of the term, the money is withdrawn from the account and can be re-entered again for a period of 12 months. Profits are withdrawn monthly and cannot be reinvested in the same investment account.
Deposits:
1. Junior = Deposit amount: ($100.00 - $500.00) Income: 8% per month
2. Pro = Deposit amount: ($501.00 - $2500.00) Income: 10% per month
3. Tycoon = Deposit amount: ($2501.00 - $10000.00) Income: 12% per month
4. Oligarch = Deposit amount: (from $10,001.00 - ~ $) Income: 15% per month"

The first thing a person interested in stock markets should understand is that the above text, typical and many times replicated on the Runet in different variations, has nothing to do with investment clubs. Everything you see above is pure scam!

Firstly, there are no “investments”, “loans” and “credits” in investment clubs. Secondly, there are no restrictions on withdrawal or any other form of redistribution of profits. Thirdly, not a single investment club, and simply not a single honest entrepreneur, will give guarantees on the return on investment in the stock market at the level of 8 -15% monthly. This very order of numbers is fraudulent, so whenever you see offers of this kind, run away if you do not want to lose your money.

The problem is not that the exchange is unable to provide such profitability (it is quite possible to earn not even 15, but 150%, and not in a month, but in one day), but that no one will ever promise such a level of profitability, much less guarantee.

Finally, the last thing: investment clubs, in principle, do not imply and do not allow any form of confidential transfer of money to anyone, especially to “businessmen with extensive experience and an impeccable reputation.”

A real investment club rests unshakably on two pillars:

1. Exchange trading is not carried out by some good strangers and great schemers, but by the participants of the investment club themselves;
2. The main (and maybe the only!) purpose of this form of group activity is learning, not making a profit.

The last circumstance is especially important. If you want to earn income from investing in the stock market, you don't need an investment club at all. Take your money to banks, mutual funds, or transfer it to a broker for trust management. The investment club is designed for those who want to independently study the stock market and learn to make sober and responsible decisions in this market.

It is assumed that after a thorough immersion in the topic and gaining the necessary experience, a person leaves the investment club, opens his own account with a broker and works in the market independently! I will tell the reader a little later about why the investment club is not suitable for full-fledged trading, using the example of personal experience. For now, I will present in general terms the main properties and characteristics of that structure, which alone has the right to be called an “investment club.”

The first investment club arose in 1898 in Texas in the wake of the burning desire of ordinary citizens to partake of the material blessings emanating from the distant and mysterious New York Stock Exchange. Farmers and merchants read in local newspapers about the next million dollars earned by elite traders on a lightning-fast deal, clicking their tongues in delight, shaking their heads and dreamily envying.

American envy (unlike Russian) has one remarkable property: a person does not want the ruin of his neighbor, but his own rapid enrichment. Ordinary people, eager to understand the secrets of the stock market, intuitively sought out the most reliable forms of education. Reliable, because readers familiar with my “Great Scams” ​​well remember what a seething anthill of fraud and general deception provincial America was at the turn of the century!

There have always been plenty of offers in history to take your money “in management at a high interest rate” and “guaranteed return”, but the sad statistics of ruin, bankruptcy and shameless deception suggested that it is better to part with your own money as rarely as possible. It was obvious that a provincial American alone could not get into the stock exchange; the situation, however, changed radically when people who were close, trusted and well known to each other were united into a close-knit group of like-minded people.

This is how the first rule of the investment club was born, which is still an example of common sense: you should join the club not with just anyone, but with people from your inner circle! Investment clubs are primarily created by relatives, neighbors, friends and co-workers.

It’s great when you have a person in your inner circle who is professionally versed in finance. For starters, an ordinary accountant will be enough, but a banker or stock trader will simply be an asset to any investment club.

If there are no financiers around, it doesn’t matter: that’s why the investment club is created, so that all participants can independently master the technique of smart investing.

The ideal club size is up to 15 people. There are no formal restrictions on the number of participants, but larger numbers create additional challenges in terms of managing the club, coordinating training, and making investment decisions.

So, people decide to study the stock market together - what next? Nothing complicated. Firstly, there is no need to give your investment club any legal status, since this will not bring any benefits, but will only create difficulties in terms of taxation and other aspects of relations with the state.

The ideal, time-tested form for establishing an investment club is a general partnership with unlimited liability of its members (what is called a general partnership). In this case, each of the club members independently deals with their taxes, profits and losses.

The main conditions for maintaining the status of a general partnership: the investment club should not have any shares, no issues and no public offerings of securities to the outside. Equally, members must also not hold any securities issued by the club.

The general algorithm of the investment club is as follows.

Members make regular contributions to the club, usually in a minimal amount. Let's say, 1 - 2 thousand rubles initially, and then by agreement - any amount monthly: even 100 rubles is enough, since, as I already said, making a profit from stock exchange activity is not initially the main thing on the agenda of the investment club. If you manage to make money, great! If it doesn’t work out, it’s also not a problem, since the low costs are perfectly compensated by the knowledge gained and the experience gained.

A brokerage account is opened with the collected money - on behalf of any of the participants by joint agreement. It is advisable to draw up the decision on paper so that there are no misunderstandings and, especially, complaints later. Obviously, all this is built on complete trust in the person who opens the brokerage account for the needs of all club members. If there is no trust, then it is better not to start anything at all - another argument in favor of creating a club by relatives, close friends, and neighbors.

In proportion to his contribution, each member of the investment club receives a conditional share in the trading account, which determines two things: the size of the participant’s profit from successful trading, as well as the weight of his vote when voting when discussing and selecting candidates for purchase or sale on the exchange.

The trading account of the investment club is used to conduct real exchange transactions. As working capital increases (from the profit received and further regular receipts of contributions), new positions will be added to the club’s portfolio, or the size of existing previously open positions will increase.

The selection of candidates for inclusion in the investment portfolio is made as a result of voting by all club members. In practice, this looks like this: participants discuss the state of affairs of a particular company (start with anything - for example, with shares of Sberbank or Rosneft!), learn to read and analyze financial statements and information materials coming from the media, study one or another aspect of the stock market theories (for example, short selling, options hedging, risks and purpose of futures contracts, account margin requirements, types of exchange orders, etc.) put forward and defend arguments in favor of buying or selling shares of a particular company.

For all this activity, it is not at all necessary for all club members to physically gather. Virtual forms of communication are quite enough - an online discussion club, a chat, a forum, a social network (by the way, it’s a great idea to open a page for your investment club on Facebook!).

Having a presence on a social network is also good because you can always seek help, advice, recommendations or advice from recognized experts and stock exchange professionals who, I have no doubt, will always respond and help you understand some complex aspects of stock exchange theory.

After discussing and approving the preliminary list of candidates for the investment portfolio, club members begin voting. The weight of each participant’s vote is determined by the size of his conditional share in the club. The calculation of this share is based on the so-called valuation units system, which is used in all investment clubs in America.

The structure of the system is easiest to explain with an example. Let's say we have three partners in an investment club:

The total fund of the partner club is 50+40+30=120. Let’s assume that a decision was made to purchase 100 shares of a company (in order not to offend anyone, let’s call it “Magadan Compost”) at a price of 1 ruble per share, while paying a commission to the broker in the amount of 1 ruble 20 kopecks. Thus, the club's assets amounted to:



Question: what personal assets does Petya have? What are Vasya’s? What are Katya's? I think arithmetically gifted readers will quickly master this problem. What if our investment club has not three participants, but 15? What if there is not one transaction, but 121? What if Petya took and withdrew half of his funds, and Katya, on the contrary, added another 70 rubles? How to take all this into account?

To eliminate confusion, the NAIC developed and recommended a system for use in investment clubs units of account – valuation units. Abbreviated R.E.

Usually the value of R.E. equals the average contribution amount accepted in the investment club. Suppose in our example the size of R.E. equal to 10 rubles. Then the initial situation looks like this:



As you might guess, as a result of investment activities, the value of R.E. may fluctuate significantly (and with it, the size of the conditional shares of each club member). The value of R.E. increases if the shares in the overall portfolio grow, the value of R.E. decreases if stocks fall. Also the value of R.E. may decrease slightly due to the deduction of commissions when making exchange transactions.

In this regard, the question arises: “By what value R.E. Will new members join the club, or can existing members make additional contributions?” The value of RE at which participants enter the club (or add money) is called approved unit of account (purchase unit). What it is?

In a traditional American investment club (in which the number of participants rarely exceeds 30 people), the value of the approved R.E. determined each time at regular meetings of club members (usually once a month). At these meetings, the so-called valuation report – evaluation report, which fixes the new size of the approved R.E. This value is valid throughout the month.

What's going on with R.E. between meetings? R.E. is constantly changing and at any given moment in time its value differs from the value of the approved R.E.. Such a value of R.E. called current unit of account (actual unit).

Recalculation of the value of the current R.E. can occur at any frequency previously discussed and approved by the club members: if you want - once a week, if you want - after each exchange session. In the latter case, during the current working day the previously approved R.E. will be in effect, and the current R.E. at the end of the exchange session will be considered approved for the next day.

We understand that out of habit, all this may seem overly complicated, but this is the golden highlight of the investment club - you not only engage in trading and strive to make money on the stock exchange, but also intensively comprehend the wisdom of financial science!

Now let’s return to our example with Petya, Vasya and Katya and run the transaction with Magadan Compost through the accounting department of units of account. After purchasing 100 shares, the R.E. changed instantly because commissions to the broker were paid. A universal formula for calculating the value of the current R.E. is this:

Current R.E. = ((total number of RE * previous size of approved RE) -+ current profit or loss) / total number of RE

Let's substitute the numbers from our example:
((12*10) – 1.20) / 12 = 9.90

Thus, the current R.E. after purchasing shares of Magadan Compost, it decreased by 10 cents and became equal to 9 rubles 90 kopecks (instead of the original 10 rubles). This is what the status of the individual accounts of all club members will look like at this moment:



Now, let’s assume that Magadan Compost has invented a unique fertilizer that can significantly increase the yield of the fields of our native Fatherland! In the wake of the stunning news, the company's shares on the stock exchange jumped to 4 rubles per share.
At this fateful moment, the members of our hypothetical club - Petya, Vasya and Katya - decide not to tempt fate further and immediately sell all 100 shares in the general portfolio (and, by the way, they will do the right thing, because one of the golden rules of trading is: “ Buy rumor, sell news!”).
In the reporting of the investment club, the transaction will be carried out as follows:
100 * 4 – 1.20 = 398.80. To this amount we should add 18.80 – the amount of cash in the club’s account and we get: 417.60 – these are the club’s new assets. How are things going for each member? Let's calculate the size of the new current RE. after all these transactions:
((12*9.90) + 300 (profit on buying and selling shares) – 1.20 (second commission)) / 12 = 34.80
This is the size of the new R.E. Now it’s not difficult to calculate the individual portfolios of club members:



Voting for investment decisions in the club is based on the same units of account. Each club member has a certain number of votes, which is calculated using the formula:
Number of votes = account size * number of voting options

Let's assume that club members choose a candidate to replenish their investment portfolio from three applicants. According to the formula in our example:



In the practice of investment clubs, two types of voting are accepted: majoritarian And cumulative

Today, almost all brokers provide potential clients with the opportunity to open a conditional account, deposit a conditional amount of money into it and “play trading”. My many years of experience in active exchange presence and teaching clearly suggests that simulating exchange activity is an absolutely unpromising, useless and dead-end path. Such trading is neither cold nor hot. Not to mention, you won't learn anything other than the technical elements of managing a brokerage account, placing orders, and using the interface.
It is the investment club that can convey the maximum reality of trading, combining traditional forms of education and training with invaluable live practice. There is, however, an important limit to the investment club that must be kept in mind from the very beginning.

The objective limit of the investment club was outlined for us by our own implementation of the idea within the framework of the aforementioned educational project vCollege DSIC.

Our investment club existed for almost three years and at the peak of its popularity more than 500 people took an active part in its work. Many of the club members subsequently completed full training at vCollege, the rest chose an independent path on the stock exchange, and some realized that the stock market was not their occupation in life.

DSIC members meticulously and scrupulously implemented all aspects of the investment club’s work: they selected candidates for trading, held heated discussions, argued, convinced each other, carried out strong arguments and arguments, and voted according to all the rules of the cumulative procedure.

One of the most valuable elements of the experience we have accumulated has been our understanding of the deep psychological conflicts of trading as such. It turned out that any decision on the stock exchange should, in principle, be made on a strictly individual basis. Otherwise, psychological discomfort is guaranteed.

Subsequently, I witnessed similar discomfort with any other forms of collective trading. In addition to an investment club with a large number of participants, I had experience working on the stock exchange with two or three people, but in all cases situations arose when even a successful trade did not bring the expected and proper satisfaction. Whenever you open a position based on an offer from your partner, you are entering a slippery slope: if the trade turns out to be unprofitable, you will, albeit on a subconscious level, still harbor a reproach (“What did I tell you?! You shouldn’t have taken these papers !"). It’s even worse if a trade based on a partner’s tip brings profit, because in this case you will reproach yourself for being short-sighted and, as a result, lose confidence in your own ability to make decisions. On the stock exchange, this is the end.

Even with all of these limitations, the investment club is an ideal starting point for getting to know the stock market. The main thing is to learn to separate the wheat from the chaff and not allow crooks and swindlers who camouflage their activities under “investment clubs” to cast a shadow on the structure itself, which is wonderful and useful in essence.