Curious how many people here have ever started an investment club with friends? I have five or six close friends who have shown interest in forming an investment club, in which we will all start with an initial amount of $100.00 (each) to invest in some stocks we decide on and we would each add a minimum of $20.00 a month to the pool of funds to invest. This would all be just for the learning experience as only one or two of us have actually ever invested in stocks yet. We are all in our early 20's and this seemed like it could be a great way to share ideas on investing and hopefully it would give everyone the knowledge to start their own stock portfolio. I have created an excel spreadsheet (I should say in the process of creating) that would update with our chosen stocks' real-time prices and I have pretty much been able to optimize the entire spreadsheet to calculate the standard deviations, returns, alphas, sharpe ratios, covariances of the stocks, correlations, betas, etc of the portfolio and stocks. I would be giving everyone in the investment club a copy of the spreadsheet and showing them how it works so that we can all keep up with the investments we make on our own, and we would be meeting maybe once a month to add additional investment and check everything. Anyone else ever done something similar with friends? We will of course have to establish a set of rules or guidelines concerning withdrawal from the club and things of that nature. Anything I need to be sure to think about beforehand?