Recruit responsible, reliable people who are eager to learn. An investment club is only as strong as its membership.
Setting up an investment club is a real task. It requires setting up a bank account, drawing up a constitution /Byelaws. (The dfcu investment club toolkit provides you with Byelaws that offer guidelines on the issues to look out for at inception)
Even before researching individual investments, members of an investment club should familiarize themselves with different investing options and ideas on a regular basis.
Finally, individual members need to develop a ‘researching’ culture where each member of the club makes monthly or quarterly recommendations on new investment ideas.
6 tips for a successful investment club
1. Live by your bye laws/constitution – To avoid disagreements.
2. Share the work – To create teamwork.
3. Stay focused – On the goals and objectives
4. Educate each other – By sharing ideas & knowledge
5. Take action – By dealing with problems immediately
Lastly but more importantly
6. Lighten up – Choose members you will enjoy having fun with.
When you are part of an investment club, each club member contributes a certain amount of money each month to the investment club account. Then, using the account, the members of the club agree on where to invest their savings: purchase of land with intention to sell at a profit, shares, rental property, businesses etc.
An investment club account is NOT a gifting circle or pyramid scheme which keeps recruiting members with the purpose of crediting the accounts of recruiters and is illegal in Uganda. Thousands of people have lost money in such schemes. This is one account that has a minimum of three signatories. Members agree on a monthly contribution based on their disposable income. Members also sign a constitution or bye-laws governing their investment club. The sole purpose of an investment club account is to save money for the purpose of future investment
Investment clubs are a group of individuals who pool their money together to make investments. However, the idea in itself isn’t new; since the 1800s, people have found investment clubs to be an ideal way to spread their risks. One of the major reasons why people should join investment clubs is to learn how to save for investment purposes.
In Uganda today, there is a general growth trend in the desire to investment both for short term and long term. Investment Clubs are acting as a channel to enable members pool their money together to increase their buying power, share their collective knowledge, and network. Some investments that members engage in include: – purchase of land with intention to sell at a profit, shares, rental property, businesses etc.
Advantages of Investment Clubs:
- They are the easy and economical entities to form, operate and maintain
- The club’s income and losses are passed through to its members
- Investment clubs are also a terrific way to learn, make valuable contacts, and meet people with similar interests.
- Some clubs have made fortunes for their members.
October 20, 2009
Jinja Regional Referral Hospital has received a boost of six baby incubators to increase the survival chances of babies born prematurely.
The donation worth Ush 10 million was made by the dfcu Bank, under its Corporate Social Responsibility Community development programme.
The Hospital’s Medical Superintendent Dr Christine Ondoa-Onama who received the equipment said the hospital’s maternity Ward registers four hundred births per month, with an average of 15 premature births. She thanked dfcu Bank for the good gesture, adding that the incubators will go a long way in saving the lives of babies born prematurely.
“dfcu has led the way in the effort to save the lives of babies born prematurely in this hospital. These babies need warm environment to survive and the incubators are just the right equipment we needed to save their lives”, she said.
Handing over the incubators, dfcu Bank Head of Marketing Susan Nsibirwa said the bank is committed to continue extending helping hands in the areas of maternal health, sanitation and provision of clean water to communities around the country.
Nsibirwa said in a ddition to the donation to Jinja Hospital, the bank has also donated incubators to Lira and Arua hospitals. Other donations made by the bank include maternity beds to Dokolo and Pader.
“dfcu Bank is proud to be associated with institutions that strive to promote maternal health. We hope that these incubators will make a difference in the lives of women who receive services in this hospital”, she said, pledging further contribution of gumboots and sandals to the Maternity Ward.
Masaka, April 11th 2008.
St. Anthony’s Secondary School that was destroyed during the 1979 war this evening received an assortment of classroom furniture for their S3 block from dfcu Bank.
St. Anthony’s Secondary School is a Catholic founded, government aided school with a population of approximately 500 students many of whom have been orphaned by HIV/AIDS. However, despite having to study under deplorable conditions the students manage to emerge among the top performers in both O & A’ level national examinations in the district.
Handing over the furniture to the school, Mr. Bbosa Kizito –Manager, dfcu Bank Masaka branch said, “These are our future leaders, we need to start investing in them now in order to determine how tomorrow will be. As we develop as an institution, we need to facilitate community development as well. St. Anthony’s being one of the many places were skills needed for development are taught, automatically qualifies it to receive the assistance it needs in order to function in its development role properly.” He added, “We are concerned about the development of tomorrow’s generation because they are the ones to carry the mantle of development for generations to come.”
“We are delighted to be recognized for our contribution towards community development and thank dfcu Bank for partnering with us in this noble cause. The students and teachers now can continue their efforts with hope and meaning knowing that their efforts are recognized.” Florence Kigongo (Mrs.)-Head Mistress St. Anthony’s Secondary School Kayunga
St. Anthony’s Secondary School Kayunga was started in 1940 as a boys primary school. However, after the war and because there was no secondary school in the area, it merged with Kitenga girls’ primary to form a secondary school in 1983.
dfcu, Nation Media Group, East African Breweries Limited and Uchumi Supermarket and have partnered to Save a Life
dfcu has opened a Save A Life Fund account number 01L2230374300 through which monetary donations can be made. At the same time all its branches will serve as collection points where donations in kind will be received. All proceeds will go to the Uganda Red Cross Society. by raising donations for the communities affected by floods in Eastern Uganda.
The employees of dfcu have pledged to drive the campaign by initiating the donations and soliciting support from family, friends and customers. dfcu has promised to top-up on the total staff contributions, which amount will be announced at a later date.
Commenting about the initiative, the Head of Marketing – dfcu, Susan N. Nkugwa said, “At dfcu, we believe in corporate social responsibility as one of our core values. We cannot ignore the suffering of the flood victims without attempting to make a difference. By partnering with other companies we will be able to pool resources needed to make a substantial difference with the hope that all our customers will heed to the call and save a life.”
Kawempe May 10th 2008,
dfcu and Water Aid Uganda, today commissioned and handed over a recycling plant to community leaders in Kawempe.
These projects are part of dfcu’s partnership with Water Aid, an ongoing commitment valued at Shs 190 million which will improve water supply and sanitation in various communities in Kampala, Lira, Arua, Hoima, Masaka and Mbarara districts.
“A huge amount of resources of dfcu’s social responsibility programs are geared towards improved sanitation and conserving the environment through construction of toilet facilities, water kiosks and a recycling,” said Susan Nsibirwa Nkugwa, Head of Marketing dfcu Bank. “The recycling plant, does not only improve hygiene, it also is a job creator/source of income for the people that work at the plant. From the various crafts developed out of recycled material to the manure for agricultural purposes, the plant is sure to benefit the diverse group of people.”
WaterAid is an international charity dedicated to helping people escape the stranglehold of poverty and disease caused by living without safe water and sanitation.
For more information, press only:
Aaron O. Aguma – Marketing Communications Officer,
Tel: 0312 300 219,