Investment club is a group of like-minded people united by interests in investing and increasing their own capital. According to the law, each of the clubs is formed with the formation legal entity and maintaining accounting and tax reporting. However, there are many closed investment clubs that unite relatives and friends, the bulk of whose activities are carried out on trust.

Organization of the work of clubs and obligations of the parties

Investing is an extremely complex way of investing money, associated not only with high profitability, but also with long-term capital retention and high risks. And if experienced brokers stock market“play”, then for a beginner the process is largely incomprehensible. Joining an investment club is one of the few opportunities not only to invest, but also to gain the necessary skills to behave in the market and select an investment object.

In the newly formed club, a chairman is elected - the most experienced investor who already has significant experience in trading in the market. It is he who manages everyone’s capital and makes the most serious decisions in the life of the club.

The responsibilities of each investment club participant include:

Depositing the starting amount to join the club

Regular replenishment total capital. As a rule, the amounts of monthly or annual contributions are equal for all participants

Direct participation in decision-making on the acquisition of new assets. Investment club members meet monthly to review their efforts and discuss future prospects. All decisions on the sale or purchase of assets are made at the meetings

Market research and making your own proposals. If you want to entrust your money to a third party and completely eliminate your own hassle of studying trends on exchanges and markets, go to a mutual fund. In investment clubs, all decisions are made collectively, and refusal to participate or a passive position may result in exclusion.

All important decisions in the life of the club are made by voting. Therefore, passivity, lack of desire to invest and lack of direct interest in building a portfolio of assets can be disastrous for the entire community.

Thus, the investment club is an excellent solution for those who want to make their own decisions about investing money and monitor the movements of charts stock exchanges and gain invaluable experience in investment management.

Subtleties of investing and choosing a club

There are a huge number of ways to profitably invest and increase: real estate, and others. Meanwhile, the activities of most investment clubs are concentrated in the least risky areas - the real estate market and shares; decisions on financing start-ups and other activities characterized by increased risk are made much less frequently.

An investment club is a community of like-minded people whose goal is joint investment in the stock market. There are several forms of investment clubs.

About the Academy's online Investment Club

The most difficult period in investment activities- this is the beginning. According to statistics, most mistakes are made by novice investors. The most in a simple way To avoid this, supervision by more experienced investors and constant classes that provide new knowledge and strengthen the material already covered with practice. This is precisely why it was created at the International Academy of Investments.

About Elite Investment Clubs

Elite investment club is not a group of people meeting just to chat. An investment club is a practical group of like-minded people who study together, put together a small amount each (you can start with $100), and then invest real money together and make real profits (not virtual money on simulators).

Practice has proven that learning new material always happens faster if learn by doing. So it is in this case: the very fact that you are investing your real money (even if it’s a small amount) encourages you to learn the basics of investing many times faster and approach this process more seriously.

In addition, each Club member receives support from more experienced investors who have confirmed their knowledge with successful practice in the stock market.

The main benefits of joining an investment club:

• Exchange of knowledge within the club, regular training from professionals.
• Support from successful investors.
• The minimum entry threshold is the ability to start investing from $100 (Elite Club).
• Saving time on market analysis.
• Saving money on access to information.
• The ability to copy club strategies on your personal account.
• Opportunity to communicate with investors from different countries.

Do you want to know:

• How does the Elite Investment Club function?
• What rights and obligations do club members have?
• Is there an active Elite Investment Club in your city?
• How to create a new investment club with our support?
• And much more…

Write to us in the section

Introduction

Many investors, especially beginners, constantly face the same question of accumulating, preserving and increasing their earnings and funds. One of the methods offered by Andrey Sapunov Agency is placing funds in the “Closed Investor Club”.

A counter question inevitably arises: “What is so good about the Investors Club? What are its advantages?” After all, there are familiar and understandable financial instruments, such as bank deposits or mutual funds.

Let's try to look at the main advantages of the Investors Club.

If you have a task to save up and create for yourself equity, with a minimum starting capital, then the investment portfolios of the Investors Club are a more suitable, convenient tool for fulfilling investment tasks. What we mean here is the mass investor - people who do not have professional investment knowledge and experience. And why is such a tool as the investment portfolios of the Investors Club convenient? The answer is simple.

Investors Club is:

1. Easy to understand. In order to start your investment business in the Club, you do not need to have knowledge about stock markets and other investment instruments. No skills or experience required. All work on managing investment portfolios will be taken over by the well-known professional asset manager Andrey Sapunov and his team, and the administrative part (document flow, reporting on work with investment portfolios to investors and reporting with other bodies established Russian legislation etc.) Agency.

2. Professionalism in management. So, it is a professional team of asset managers who will manage investment portfolios. All managers on the team are certified in investment. and Andrei Sapunov, presenter of programs on the RBC TV channel, is one of the best experts By technical analysis, which allows you to qualitatively analyze the securities market and select profitable ones for investment portfolios trading strategies. Which contributes to obtaining maximum efficiency from concluded transactions and minimizes risks. This is not in theory! This is reality!

By becoming an investor in the Club, you actually hire professional managers who perform the task of obtaining maximum income due to effective management funds from the Club's investors.

3. Availability of investment instruments. This is one of the most important advantages, thanks to which the majority of the population of our country can, using relatively small amounts, invest them in the stock market and other investment instruments.

4. Information transparency. Indeed, the Investors Club is the most transparent. The investor receives quarterly reports on the performance of investment portfolios. The register of the Club's shares is maintained by a licensed company, the Club's shares are registered with the Federal Financial Markets Service. Reporting meetings of the Club's shareholders are held annually. In addition, the necessary information is published on the Investors Club website.

5. Reliability of infrastructure and operating mechanism. The Investor Club includes: advisory asset managers, a registrar, an auditor and a specialized depository. This provides the Investors Club with reliability. Such infrastructure of the Club makes it possible to separate the functions of storing shares of shareholders, accounting for them, as well as managing funds and prevents theft and fraudulent transactions with investor funds.

6. High profitability. Club investors have the opportunity to receive higher returns than in bank deposits. But we must not forget that any type of investment has risks, just like any other activity.

7. Diversification of investment portfolios. Investment portfolios of the Investors Club include various securities, futures, options and other investment instruments. this allows you to minimize risks. People say. That they don’t put their eggs in one basket is one of the rules of investors. Small investors, holding insufficient capital, cannot afford to diversify their portfolio. By joining the Club, an investor enjoys all the benefits of diversified investment portfolios.

What is the Investors Club?

The Investors Club of the Andrey Sapunov Agency is a club form of collective investment with a legal entity, consulting trust management whose property and investments are carried out by the famous professional asset manager Andrey Sapunova and his team. The resources of the Investors Club consist of investment contributions from investors, which are confirmed security- Club promotion.

On in simple language one can put it this way - the Club members laid down their cash into one whole. In return, according to the investment contribution, they received a block of shares of the Club, which were registered with the Federal Financial Markets Service. The club has its own brokerage accounts, to which it transfers funds from investors, according to investment portfolios. With this money, professional managers purchase shares of enterprises and other assets on stock exchanges, according to investment portfolios.

The Club's investment portfolios are highly profitable financial instruments for medium and long-term investing. They have good liquidity and have minimal risk. when compared to an individual security. Anyone can become an investor in the Club private investor. even with minimum size capital.

The Investors Club, in comparison with each individual Club member, is a large investor, therefore assets are invested more efficiently, and profits are distributed among Club members in proportion to their contributions.

Club shares are a book-entry security that confirms to the owner the right to own a share in the property of the Investors Club. The value of the shares purchased changes with total cost Club assets. Stock appreciation is the profit an investor can make when selling his shares.

Regulations and others regulations The Investors Club is a public agreement to which an investor, upon joining the Club, joins with equal rights. like the rest of the Club members. Joining the club is considered an application to purchase shares of the Club.

On August 6, 2013, a decorous feast was taking place in the banquet hall of an expensive restaurant on Brestskaya Street. We celebrated the upcoming holiday - Builder's Day. In the center sat the guest of honor, head of the Moscow Construction Complex Marat Khusnullin. He was surrounded by “colleagues” - large capital developers and rentiers, more than 40 people in total. At the height of the party, Khusnullin addressed the audience: “Why do you all come to me separately, but I tell you the same words? Organize among yourselves." This was not impromptu - at that moment Khusnullin actually announced the proposal of his boss, Mayor Sergei Sobyanin. The chairman of the board of directors of Guta-Development, Artem Kuznetsov, immediately responded to this proposal: “Why not. Let's get organized."

A couple of days later, Artem Kuznetsov, co-owner of Binbank and construction companies "Inteko", GC "PIK" Mikail Shishkhanov, co-owner of GC "Absolut" Alexander Svetakov, co-owner of GC "Promsvyaznedvizhimost" Dmitry Ananyev, co-owner of "Gostiny Dvor" Mikhail Khubutia and several other businessmen agreed on the creation of the Moscow Investors Club.

Today the club includes representatives of 45 companies, including banks. All of them - major players real estate market, the “entrance ticket” to the association presupposes that the company has an annual turnover of at least 30 billion rubles and Moscow projects with a total area of ​​at least 1 million square meters. m. These businessmen are often direct competitors, but together they skillfully lobby for initiatives beneficial to everyone not only at the municipal, but also at the federal level.

How do the largest businessmen, who made their fortune in real estate and construction, negotiate with each other and with the authorities? And what can they not agree on?

New order

In October 2010, the mayor of Moscow changed, and a year later, the long-time curator of the Moscow Construction Complex, Vladimir Resin, left his post. During its heyday, the Moscow Construction Complex commissioned $33 billion worth of real estate. The former Minister of Construction of Tatarstan, Marat Khusnullin, was appointed to lead the industry. One of its first decisions, the new city administration actually imposed a moratorium on all new construction projects regardless of scale. The developers were forced to stop work, despite the fact that they had documents in hand; they were losing time and money.

“The new government wanted to demonstrate two fundamental things,” says Artem Tsogoev, managing partner of the Moscow Central Real Estate Exchange, “to stop infill development and give a clear signal that the old order will no longer exist.”

Developers waited at least a year for the authorities to understand the situation on the market.

According to Inteko President Oleg Soloshchansky, construction is one of the most regulated sectors of the economy and requires constant contact with the authorities, but at that moment the natural reaction of officials was a kind of moratorium on communication with his company.

Even before his official appointment to the position, the future head of the Moscow Construction Complex began to actively study the market and requested statistics on the volume of investment projects and companies. He began touring construction sites and visiting businessmen. For example, Andrey Grudin, president of the Pioneer Group of Companies, with a total portfolio of projects in Moscow of 955,000 sq. m, met Khusnullin when he arrived at a construction site in Mitino, where the company was then building the “LIFE Mitinskoye” residential complex. Oleg Soloshchansky met Khusnullin when the head of the construction complex came to the Inteko office on Nikitsky Lane. The total area of ​​Inteko projects in Moscow is 2.9 million square meters. m. The new head of the Construction Complex impressed investors as an energetic, “damn hard-working” person. “Not a builder, but it was clear that he was an effective manager,” recalls Soloshchansky.

One of the key decisions of Sobyanin and Khusnullin was the cancellation of the investment contract - a document that determined what could be built and what part of the new space should go to the city. Now the boundaries of the construction site, the type and footage of the building were determined urban planning plan land plot (GPZU). It began to be issued by a specially created urban planning and land commission (GLC), which was headed personally by Mayor Sergei Sobyanin. Working groups headed by the deputy mayor for construction and property, Marat Khusnullin and Natalya Sergunina, are of great importance for resolving development issues. Instead of a natural share (in square meters) the investor began to pay the city with money in the form of taxes, rent payments and for changing the type of permitted use of the land. New order was called upon to resolve the issue with the behind-the-scenes distribution of construction sites under the previous government. However, according to Artem Tsogoev, the new rules brought clarity only formally.

Investors, whose projects were stuck during the change of power, began to break into the city administration with the same questions: permits, taxes, regulations, installments and other problems important for every builder. “We met with Khusnullin in an informal setting and discussed issues in clubs,” says Mikhail Khubutia. He recalls that he called for city builders to unite under the previous mayor, but the idea was not in demand then. “Everything in the city became arranged in such a way that after the change of mayor, everyone was equidistant,” says Soloshchansky.

Billions and millions

The idea of ​​a lobbying association seemed successful not only to businessmen. “The club is a place where businessmen will offer their ideas, and thus we will be able to understand what investors expect from the city,” Khusnullin tells Forbes. At the request of Sergei Sobyanin, the club remained an organization without forming a legal entity, so as not to “turn into a bureaucratic body.”

The club's entry conditions, formulated by the Moscow government, actually closed the door to representatives of small and medium-sized businesses.

A company included in the club had to receive at least 30 billion rubles in annual revenue (at that time - about $1 billion) and implement projects in Moscow with a footage of at least 1 million square meters. m. At that time, there were about 30 such companies. “Here comes a company that has two shopping centers with an area of ​​7,000 square meters in Moscow. m,” says Konstantin Timofeev, chairman of Moskomstroyinvest, a specialized committee working with the Investors Club. - What legislative initiatives can she offer us? It’s hard to imagine... because to participate in the club you will have to maintain a whole staff of lawyers, which costs a lot.”

The club's staff includes several lawyers, including executive director, which deals with regulations and agendas of meetings. To prepare draft regulations, companies provide their lawyers. Naturally, their activity directly correlates with the company’s interest in a particular initiative.

Various meeting formats are available. In addition to official meetings chaired by Sergei Sobyanin twice a year, where top officials of companies come, businessmen meet with the mayor’s deputies for construction, property and transport blocks. Such working meetings with Marat Khusnullin, Natalya Sergunina and Maxim Liksutov (Head of the Department of Transport of the Moscow Government) are held at least once a quarter. Technical issues are discussed with department directors in working groups. Depending on the nature of the issue, representatives of interested companies attend these meetings.

Extended boards chaired by the mayor are held in hall No. 500 in the city hall building on Tverskaya, 13, behind closed doors.

“You shouldn’t think that after the press leaves, we immediately start dividing the money there,” explains a large Moscow developer, a member of the club.

“It’s just a lively discussion and the words are not always carefully chosen, why should outsiders hear it?” - he says.

However, there are still informal meetings. The club's budget is based on payment for informal events and feasts. “Artem [Kuznetsov] loves to throw parties,” says Oleg Soloshchansky. Informal meetings took place at Red October, where Guta-Development restored the Imperial Yacht Club, and at Gostiny Dvor, where the formal host of the meeting was Mikhail Khubutia. Meetings are held not only in Moscow - for example, entrepreneurs met in Cannes during the international exhibition MIPIM.

Today, according to Moskomstroyinvest, the club includes 45 companies, including banks. In addition to the already named ideological inspirers, members of the organization are God Nisanov, Samvel Karapetyan, Andrey Molchanov. Among the participants are the construction giants of Luzhkov’s time - “DSK-1”, “SU-155”, GC “PIK”, “Donstroy Invest”, as well as companies that have come to the fore over the past 5-7 years: GC “Pioneer”, "MR-group", "Morton". The club's lists include the construction divisions of Oleg Deripaska, Mikhail Prokhorov, Lev Leviev, Vadim Moshkovich. True, Deripaska and Prokhorov never came to the club’s meetings.

Small pleasures

In 2012, there was a heated discussion at the mayor's office about a new initiative of the city authorities on a simplified procedure for the seizure of land in the New Territories of Moscow for the construction of infrastructure. The large owners of plots near Moscow who were present in the hall frowned and listened with distrust to representatives of the property and construction blocs of the government. One participant recalled his neighbor expressing concern about the idea. “Listen, I’m a little scared,” one landlord near Moscow nudged another in the side with his elbow. “Imagine that first they will come to me, then to you... Officials, they are like that... they will adjust the justification to the needs of the city, and then they will take away the land in the interests of some private owner whom I am interfering with.”

Gradually, regular meaningful communication between the Investors Club and officials began. “We were introduced to some of the city’s initiatives to hear our reaction. Or not to hear,” Andrei Grudin smiles. How often have businessmen managed to defend their point of view over these two years? As the inventory of successful club initiatives shows, this is not so rare.

“We have achieved a smooth introduction of the real estate tax rate, which since last year has been tied to the cadastral, and not to book value“,” lists Artem Kuznetsov. After revaluation cadastral value buildings grew by an average of 80%, notes Dmitry Malkin from law firm Goltsblat BLP. The new procedure for taxation based on cadastral value was felt primarily by owners of large shopping centers and offices. For example, the cadastral value of the Vremena Goda shopping center, owned by the fund in which Ruben Vardanyan and Gagik Adibekyan invest, was about 6 billion rubles, and the new cadastral value is approximately 11 billion rubles.

Earlier tax rate amounted to 2.2% of the book value of the building. Lobbyists convinced the Moscow government that it should be reduced to 0.9% in 2014 and then gradually increased to 2% in 2018. “This allowed us to adapt,” summarizes Kuznetsov. A significant argument in a dispute with officials could simply be refusal to pay taxes. “If we didn’t pay taxes on time, then penalties would accrue,” says Malkin. - It turns out that a business could simply take out loans from the budget, but such behavior will generate additional tax risks For the company".

During the crisis in 2014, Moscow officials were forced to more actively respond to the club’s initiatives. Construction is one of the main sectors of the Moscow economy. At the beginning of 2015, Sergei Sobyanin estimated the total annual investment in the construction industry at 1 trillion rubles. Therefore, the anti-crisis program of the Moscow government, developed by Moscow officials at the beginning of the year, included many ideas and proposals from the Investors Club.

When starting a development project, an investor is often forced to change the type of legally permitted use of the land plot on which development is proposed. The fee for changing the type of permitted use of land can reach up to 500 million rubles or more.

“At the entrance to the project you have to pay serious money, and now many companies are experiencing a liquidity shortage,” notes a Moscow developer, a member of the Investors Club.

At the beginning of the year, having listened to the proposals of businessmen, the Moscow government issued a decree allowing payment in installments. If the payment does not exceed 100 million rubles, the installment plan is provided for a year, from 100 million to 500 million rubles - for three years, and if changing the type costs more than 500 million rubles - for six years.

The Moscow government provides businesses with more than just tax breaks. “According to the standards, we build parking lots for new buildings. Their occupancy rate is on average 30–40%, at best 60%. In fact, we are wasting money because the parking lots are empty of cars,” says Ivan Romanov, member of the board of LSR Group, managing director in Moscow. This topic became the subject of discussion at the club meeting. Now, when issuing a development permit (GPZU), the town planning and land commission allows the construction of fewer parking lots than the standard suggests. But this does not apply to all projects yet. The Investors Club does not intend to stop there.

Zone of Special Interest

The ambitions of club members now extend even to solving the most serious issue in the construction industry - the use of the territories of dying or already mothballed industries. total area The industrial zone in Moscow is 18,800 hectares - this is 17% of the city's area (within the old borders). Such objects have a confusing structure of ownership of property and land, where the interests of federal departments, municipalities and private owners are intertwined. Often an owner who is not satisfied with the industrial zone redevelopment project can actually single-handedly stop the remaining co-owners-investors.

In the middle of last year, the Investors Club submitted its version of a bill on the development of industrial zones for consideration by officials. Lawyers from club members Dmitry Ananyev and Mikail Shishkhanov participated in its development. The bill will help property owners land plots organize and agree on development. To do this, they are invited to create a share investment fund(PIF). The city, in agreement with the owners, will prepare a draft plan. An agency authorized by the city will manage the redevelopment process. The main thing is that the bill proposes, by increasing taxes, to influence those owners who do not want to develop their land according to the project. The Moscow government reported that the text of the document is being approved by the Russian government. A representative of the Ministry of Construction said that the proposals are being discussed, and a group of officials at all levels is working on the bill. This law benefits many club members.

For more than 10 years, the redevelopment project of the most famous industrial zone, Golden Island, has been stalled. The land here is one of the most expensive in Moscow; the cost of one hectare can reach, according to Maria Litinetskaya, general director of Metrium Group, $50 million. The idea of ​​demolishing old production facilities and developing 60 hectares with luxury real estate arose back in 2003. However, inconsistency in the actions of the owners and their conflicting interests actually stopped the project. Various plots on Bolotny Island are owned by the city, private companies (for example, 5 hectares at the Guta Group of Companies), and federal departments (for example, 2.23 hectares at the Presidential Administration), and state corporations(1.4 hectares owned by Rosneft). During the time of Luzhkov, there was talk that 600,000 square meters would appear on this territory. m luxury real estate. But for now all this is in words.

"Guta" owns 5 hectares on the territory of "Red October". Kuznetsov managed to get controlling interest shares of the confectionery factory in 2002, and then preferential terms obtain from the authorities the opportunity to buy land plot 5 hectares. He gradually removed production from the territory where Guta-Development planned to build about 150,000 sq. m. m of real estate. According to Forbes estimates, Guta has already spent about $500 million on the implementation of the project. Kuznetsov still managed to obtain a construction permit from the new city authorities, but the permitted volume of construction turned out to be less than before.

Many club members have plots of industrial territories. For more than 10 years, Alexander Svetakov sought the opportunity to develop the territory of the Badaevsky brewery and the Sacco and Vanzetti pencil factory. He spent several years buying out the other owners' shares. However, Sobyanin was also able to obtain a construction permit from the city administration and in volumes that did not recoup the invested effort and money. Tashir Group of Companies is developing the industrial zone on Krasnopresnenskaya embankment, where the former thermal power plant is located. LSR and TEN Group of Companies are working on the redevelopment of the ZIL territory.

On your own way

Has the club become the main platform for solving problems in the construction industry? Not so simple. The key issue for the developer is the distribution of construction sites. “We agreed from the very beginning that this is not a club for solving problems individual projects", explains Marat Khusnullin. Club members unanimously claim that they discuss only systemic issues and do not lobby for private construction projects. “At a meeting with the mayor, a large production worker stood up and asked the city to help load his production capacity,” says a Moscow official, “but immediately received a blow from his colleagues.”

However, it is precisely this circumstance that irritates skeptics.

“In the Sherlock Holmes movie there was a club of silent people. People hang out here too, but in a different way,” the owner is convinced construction company, operating in the Moscow region.

In his opinion, “businessmen will not solve real issues together, because they are all competitors.”

Interesting detail. According to businessmen and officials, Zarakh Iliev and God Nisanov, the largest owners in Russia commercial real estate, including the Ukraina Hotel and the Evropeisky shopping center, as well as Samvel Karapetyan, who owns the RIO shopping center chain, Cinema Star cinemas and the Novotel hotel, have little interest in the club. They come to meetings with the mayor, but the members of the association do not remember that they put forward any initiatives - either they are far from the club’s program, or they solve their problems in a different way. Both Karapetyan and Nisanov declined to comment for this article.

Any novice investor dreams of support. Not just financial, no; rather, about moral support, about having someone more experienced and wise share their experience in the formation investment portfolio. Also, many capital owners dream of realizing a large investment project, But own funds they don't have enough; and then, together with the creator of the project, they begin to search for new investors who would agree to invest their money and help implement the common cause. It is for these purposes that investor clubs are created - communities where participants can not only exchange experience, knowledge, and interesting ideas, but also provide assistance in the form of financial support, participate together in large investment projects, attract foreign partners, and give guarantees to their colleagues.

In Russia, investor clubs most often register on the Internet, on websites specially created for these purposes. On any of these sites you can find an investor, post your investment project, and also select a profitable investment object for those people who do not know where to invest their money. Such clubs bring together people with common goals and interests - those who dream of increasing their money, gaining experience and knowledge.

Online seminars and webinars

Often, members or club leaders organize and conduct online seminars, in which not only members of the investor club itself, but also everyone can take part. Sometimes such services are free of charge and are provided through contributions from club members; in some cases, so-called listeners will have to pay some fee to watch the seminar.

Membership in the club is most often voluntary. Exist private clubs investors, where it is almost impossible for an ordinary person to get into - you need to have huge financial capabilities, regularly make profitable investments, earn a good reputation in this field. Membership in the club is usually free, but charitable contributions may be provided, which go towards solving organizational issues, paying club bills, etc.

Being a member of the investor club is most often prestigious; it gives additional bonuses and benefits for those individuals who are seriously involved in investing and define this activity as the goal of their life. Of course, such clubs bring certain benefits to society; they help people resolve any issues (most often free of charge), and help investors who want to find money to implement a project. The more communities are created aimed at meeting the information needs of the population, the more literate and educated our society will be.