I am new to the investing world, so pardon me if I'm asking about things that are really basic...
My budget is slightly over $1000 but I was wondering if rather than trying to invest by myself, it would be better (in any relevant sense of the word) to gather a group of friends with similar budgets to start investing together?
Let's say that I am able to encourage 4 of my friends to start investing with me. That would make 5 of us, and if each had about $1000, then we would have a cumulative total of ~$5000
I know that investing this much together will lead to greater returns than if each of us were to invest independently, but I was wondering 1) how the division of returns would work in this scenario and 2) if there are any significant drawbacks to pursuing this path? Basically, is it really something I should spend the effort for looking into?