Amazing Investment Club-Profile

Amazing

Investment

Club

Together We Invest. We Grow.
Club Profile

1.0 Summary:

The Amazing Investment Club (AIC) is a group club of long term investors who have agreed to pull monies with the aim of re-investment. The club seeks to attract individuals from all professions. The club membership will comprise of professionals from various fields like banking, insurance, medicine, education and the private business sector. The club seeks to invest money in the various schemes that are available on the market. The aim is to jointly multiply our monies while making a profit, to learn as a group of all the other investment options available on the market and grow businesses that will span global boarders. We intend to invest in Unit Trust Funds, stocks, treasury bills, real-estate, farm product and other options as we will find with creativity until we have enough to invest in insurance, banking, transportation, medicine, education and other fields that will add to our goals and profitability.

2.0 Back Ground:
Investing as a culture is still very low in Uganda especially when it comes to making long term investments. The challenges range from lack of sufficient capital, to lack of the right experience and expertise to run business. Many times the business people lack the vision to see their establishments run for more than two decades, they are simply looking to today and that limits their ambition and resolve for a greater investment.
Looking at these factors, the AIC seeks to draw from a group of investors that are ready to invest in the short term for long term benefits. Individuals who are eager to see themselves own businesses that span across borders but with the persistent and careful culture of investment are who the club seeks to attract.
The power of a group of investors is that we have access to knowledge, expertise, gifts and talents, finances and strengths that only a group can posses and make use of. Individuals from the privates sector, accounting, medicine, law, politics, farming and all those other fields that we will seek to invest in will be the strength that AIC will enjoy on our way to thrive to greatness.






3.0 Objectives:

The objectives of AIC are as below.

a) To mobilize savings from its members by way of monthly contribution to the investment club fund and to encourage members to raise funds for savings in every possible way.

b) To carry on, develop and improve any trade business whether manufacturing or otherwise which may seem to the investment club capable of being conveniently carried on in connection with its objectives herein or calculated directly or indirectly to enhance the value or render more profitable any of the investment club’s property, assets or rights.

c) To invest the investment club funds in such ways as are financially profitable be it in buildings and other related ventures and for this matter to engage in property and estate development, habitat, environment and real property development and to deal with other housing and development concerns in Uganda and abroad.

d) To increase investment knowledge among the members through our monthly investment discussions and talks from successful business personalities as well as research reports carried out by the research and development team, aided by all the members.

e) To promote the investment culture in the country by partnering with different stake holders to reach out to the younger generations, in secondary and primary schools as well as the institutions of higher learning in the country.

f) To do all such other things as are incidental or conducive to the attainment of the investment club objects or any of them or the performance of its functions.


4.0 Membership;

Membership to the club is voluntary meaning that members are free to join as long as they satisfy the stipulated requirements. Membership is not based on sex, religion, political ideologies or nationality. Those can be found on the club application form and the termination of membership form.

5.0 Administration:

The club leadership is comprised of a club president, the club secretary, the club treasurer and the vice president all who will be voted in office once a year at the annual general meeting. Their roles can very well be found in the bye laws of the club.
There will be committees to take charge of the different investment options and to give advice on those areas that will need their expertise. For example the land and construction committee will be in charge of determining whether we are buying legitimate land and if the price is good and fair enough. The other committees will be determined as we grown in investments and as we diversify. All these will be voluntary services but results will be very expected to be accurate and on time.
The goal is to get every member involved in something without burdening a single individual. It will also provide very good checks and balances as reports will be demanded and no single individual will have the space to dictate on a decision.
6.0 Activities:
The club will be engaged in such activities;

6.1 Monthly meetings: These will be conducted at pre-determined locations once a month. The members are required to have fulfilled their monthly contribution by then and at the meetings they will simply submit the pay slips to the treasurer as the meetings go on.
A review of the previous month’s activities will be done and a projection of the next month’s activities will be done, responsibilities will be assigned and taken as well as reports and updates submitted and given to all the members.
Business ideas will be given and reviewed and progress monitored. Major decisions will be voted upon and a tentative agenda for the next meeting will be given.
6.2 Sports Days and Group Outings: The club will have quarterly outings for building the team. The members will pay for this outing and not the club. The frequency of meeting may be adjusted as the members will see meet and the location of the outing will also be determinate by the members. This may also involve attending member’s weddings and other functions that will require our presence. All these will be done to help the group grow together and to learn more about and from each other.
6.3 School Visits: These will occur at the time intervals that the members will determine schools will be visited and encouraged to start investment clubs will form a point for the club to disseminate investment knowledge. More developments may arise from this program that will also serve as our CSR.
6.4 Investment Tours: The members will be under obligation to visit each and every investment onsite. This will help build a sense of ownership among the members of the club.

7.0 Collection of Money:

DFCU is a bank that has stood out to help and support investment clubs. So it’s very important that the account is held at the bank. The bank lends up to 150% of a registered club’s total savings which following 2400000 UGX monthly saving alone, gives us an annual 28800000 UGX. This means that at the end of the year it will be possible to borrow up to 42300000 UGX. Imagine what we can do with that.
Members will save a minimum of 50000 UGX a month, (or any other figure that the investment club members will find necessary) and any sum above that as long as it’s not more than 20% of the total monthly savings of the members. These monies will be deposited on the club bank account and the members will only bring the bank deposit slip as evidence of their making such a deposit.
This money has two channels that it will get to first. The club bank account will keep a pre-agreed upon sum and the investment option agreed upon will also take the amount allotted to it.

8.0 Investment Decisions

Members are free to come up with investment ideas that they are profitable for the whole club and not just the individuals. They will forward these ideas especially at the monthly or bimonthly meetings depending on what will be agreed upon.
Each investment decision will be preceded by deliberation by the research and development committee, these will determine whether the idea is viable or not. They R&D committee will work with the particular committee that are directly responsible for the investment. Say, if it’s a purchase of land, the land and construction committee will be involved. Each committee will be responsible to firstly develop the operation procedures in the particular areas that apply to their responsibilities as will be outlined.
We intend to look majorly in the areas of farming, poultry and piggery if agreed upon and also real estate for the start.


Below is a sample of the expected Investment and the Expected Returns. Neglecting the Transaction Costs and the Bonuses Rewarded. We work with the assumption that the monthly collection will be 2400000 UGX , but it could be more.(Sorry , it does not show on Bloger)
These are just some of the short term investments that we could venture in. there are others like leasing land for say real-estate or farming of any nature the prediction of whose returns is not possible for now. With more people and more ideas we shall make this an amazing success and experience as all of us will be active investors.

9.0 The Future:

It is true that wealth is grown and making dreams come true is a process that does not only come with a single person’s input. When people with diverse knowledge and placed in different spheres of influence come together to work together its very obvious success is on the way. We shall invest in real-estate and that’s just for the start. When we stay together, we shall see the club invest in other sectors of the economy like banking, insurance, transportation, farming, recreation and so many others.
Our collective experiences and energies will be relevant in making this happen. So I call upon all investors to join us in this endeavor. We can make this decade ours of achievements.

10.0 Conclusion:

At the end of the first year, we shall have a minimum of 28800000 UGX if all 24 people make their monthly contribution, and with DFCU we shall be able to borrow up to 150% of those savings. Imagine what we can do with amount of money. The opportunity is with us
As a group we have unlimited and unexplored horizons to reach. I ask you to join me in this effort as we build wealth, enterprises and grow businesses that shall span beyond the borders of the African Continent.

11.0 Way Forward:

A date for the meeting of all the interested parties is being discussed with other friends and consultants and will soon be communicated to all that will show interest. Then we shall discuss the more important issues like how to register the club because it requires a minimum of 5 people and also the other regulations as stated in the bylaws will be discussed and agreed upon. There will be other issues added to the list as will be communicated.

12.0About The Club President:

I am Ntumwa Edward Lubega a Ugandan by decent and a graduate from Makerere University Business School with an honors Bachelors degree in Business Administration.
I have worked with PAX Insurance Company as a Sales Agent and now I work with BASE Technologies, a solar lights company that’s a subsidiary of Barefoot Power in Australia, http://www.barefootpower.com/.
I am a member of Watoto Church and I love Christ. I love Travelling, taking risks, photography, music, reading, writing, investing and growing wealth. Children are my passion though I have none of my own yet. I have run two personal businesses in the past, one I sold off, one I was out competed and learnt my lessons. I believe that by making business happen from all tiers of the economy, we can achieve tremendously.
I am continually studying new subjects and I am an enlisted student of the school of community leadership, http://questleader.com .Classes start in February this year. I am ever grateful that you read through this profile and are to tell more friends about it. You can respond back to me on the addresses provided below.
Contacts:
Ntumwa Edward Lubega
+256- 752-720202
nentumwa@gmail.com
http://ntumwatoday.blogspot.com/