Club Name

Rolling Stocks Investment Club

Club Inaugurated

May 1998

Current Number of Members

6

Membership Changes

6 founding members (4 remain), 2 leavers and 2 joiners

Banker

Santander Business Banking
The Rolling Stocks Investment Club experience is that there is a limited choice of current accounts suitable for Investment Clubs. The small print for most “club” accounts limits them to “not for profit” organisations – a category we are very pleased to have avoided!  Most business accounts on the other hand impose monthly and/or transaction charges or expect a £5,000 minimum balance to qualify for free banking. After three moves of account we now bank with Santander.  We originally moved to Abbey which offered free banking for life.  This is now run by Santander but the free aspect of it is not available to new customers.  .

Stockbrokers

Barclays  and  Selftrade

Joining Fee

£100

Monthly Subscriptions

The rules allow any contribution from £25.    The members are currently contributing between £125 and £250 per month each.

Accounting Year End

30th June

AGM

Every July

Annual Strategy Review

Every August

Normal Venue for Meetings

The Brocklebank, Crewe

Accounting Method

UVS (Unit Valuation System)

Accounting Records

Self-built MS-Excel spreadsheets

Club Logo

A llama