What are the pros/cons of doing an investment club with one friend?

Question

We're doing a general partnership and opening a business account together.

Answer 1

A drawback could be that one person's opinion could dominate. There is no "majority" opinion.

How do you handle it if the two of you strongly disagree?

More people mean more opinions from different backgrounds and more ideas.

JMHO

Answer 2

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Answer 3

The idea of an investment club is to have a variety of points of view going into the decision process.  Also, to have multiple people to review investments and present them to the club for discussion.

With only two members, it will be more difficult to find a good variety of investment options and also limited funds to work with.  The power of investment clubs is having multiple people each contributing to the fund to make it so that a realistic amount of each investment can be purchased.

I agree with the first answer, what if you two strongly disagree on an investment you have opened for discussion, will one person insist on investing there and then will that create a situation where one or the other of you feel like you don't have a voice in the club?