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A Investment club (or Investmentclub, share club or investor club) is a combination of private investors with the goal of the common investment of funds. The common fortune of the Investment club is normally administered thereby in a common depot which is expressed in the club, in which the individual members are involved.

Classification of Investment club

It applies to differentiate between:

  • regional clubs, which normally consist of a visible number of members, that know each other under normal conditions also personally or know over the club learned.
  • supraregional clubs with hundreds of members, a separate plant committee and to a large extent professional structures

How there are not many regional clubs within the German-language range leaves itself to say exactly, since there is no central place, which leads concerning this a statistics. In the Internet one finds some dozen. It can be however good that the number in Germany gives with 100 and more such regional clubs.

There is different reasons for the establishment and/or the entry to a Investmentclub:

  • Poolen of smaller amounts invested
    • to the Risikostreuung
    • in order to reach minimum plant sums e.g. with funds at all
    • to the fee optimization, since most banks compute degressive fees after order volumes
  • Poolen of knowledge about the financial markets and mutual learning from each other

Many the regional Investment club serve every now and then apart from these primary goals also the informal gathering.

Demarcation to savings clubs

Savings club - how there are often it in restaurants - differs from a Investment club by the fact that in a savings club

  • the amounts (rates of saving) mostly smaller are, e.g. few euro per week
  • the funds not put on but at the most on a usual savings account to be collected
  • once per year to be completely disbursed

A savings club exists besides mostly informally. It is mostly neither a registered association still another society.

Demarcation to Finanzdienstleistern

A Investment club actual if one, no Finanzdienstleister regards the mass of the smaller, regional clubs. Differently than for example with a fund a Investmentclub is not meant to the fact that one deposits there money and afterwards into its Vermehrung by others hopes. Rather a Investment club lives on the fact that the individual members take part also actively in the plant decisions.

Legal position in the German-language countries

Investmentclubs in Germany

With a Investment club after German right concerns it an investor community, which put on and administer capital together. The legal form is in most cases a GbR (society of civil right).

Up to a border of 50 partners and/or 500.000. - Euro deposited capital is subject a Investmentclub in principle to no supervision.

As soon as this border is exceeded, the law requires a permission for the protection of the investors as Finanzdienstleister by the BaFin (Federal Institution for supervision of financial service). Since the portions of the Investmentclubs are publicly offered, must besides a sales folder after the sales folder law are provided. This clears up over the structure, the risks and the fees.

Basis of the Investmentclubs is the articles of association, which must be signed by all partners.

Investmentclubs in Switzerland

With a Investment club after Swiss right acts it around a team of organized investors, which put on and administer together invested capital according to own rules. The legal form is a simple society.

Such plant clubs are not subordinate to the investment trust law, briefly AFG, if they adhere to the following four rules.

1. it may not be allowed to do no public advertisement claimant werden.2 the club may any more than 20 members it no deceptive names like "“investment trusts"” or "“unit trust fund"” used werden.4 the club ability must by the club members themselves be administered. (thus no authority to favour more externally

It will hold the opinion that the club members know each other mutually personally and are no legal entity along. Possible Kapitalgewinne are treated as taxfree with natural persons.

Reasons for the establishment of a Investment club are common investment and savings of the bank charges, expenses and brokerage fees, since with higher money can be acted.

The club regulation, which regulates Investment club contract everything that is not already mandatorily in the law regulated. This must be signed by all members and be deposited with the appropriate bank.

Investmentclubs in Germany

  • 0711-Aktienclub GbR, a Investment club in Stuttgart,
  • Hanseati share club, a Investment club in Hamburg,
  • Resident of Munich Investment club, a Investment club in Munich,
  • Oldenburger share club, a Investment club in Oldenburg,
  • Investmentclub Niederrhein GbR (ICN), a Investmentclub in Duisburg,
  • Noris Investmentclub GbR, a Investmentclub in Nuremberg,
  • DIVA Investmentclub GbR, a Investmentclub in Kirchheim,
  • Tarpoon Investment GbR, a Investmentclub in Munich, which accepts however country widely members,

Investmentclubs in Austria


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