Our investment club is seeking 100 Crusaders to invest $5,000 each so we will have $500,000 as seed money for our great undertaking. I have stated that we WILL LAUNCH the investment club if we get to half of that goal, 50 contributors. As of tonight, we stand at 43!!! Seven more and we will launch the club. If you know any Crusaders who might want to join us, please pass along some information to them. Perhaps, my speech at the Crusader Congress would give them some insight on what we intend. That speech is here.
The first thing to address is how the money will be “invested”. I have attached the “purpose statement” of the club, what we will be seeking and how we will go about it. This is a short document, so I will flesh out more specifics now. There will be 4 areas where the money will be put to use.
The investment club fund will be managed by me, in conjunction with the other board members.
In future emails, I will discuss further each individual segment of the fund, the person or board that will oversee those areas, the fees associated with management and who will receive those fees. There is still much work to be done, like setting up the legal entity that will house the Crusader Investment Club, but since we are so close to the minimum “launch” number, I thought I would make this initial announcement. While I have no set time to have the Investment Club active, it appears it will be sooner rather than later. In short, stay tuned….