Even in good economies, people want the maximum "bang" for their investment buck. As of this writing, there is a local bank that is advertising a savings account rate of 1.1%! That is not much of a return, so people are trying some non-traditional forms of investing.

Investment Clubs

A friend told me about an investment club, where a person of limited means, such as myself, could "buy in" with a minimum investment of $5,000. I was able to scrounge together $9,000 and was one of the last persons to be accepted. "The Club" then pooled the monies and invested it with a Day Trading firm.

Before submitting my funds, I did my Due Diligence of The Club, as well as the primary firm that would be handling our funds. With everything seemingly in order, I wired the money.