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withdrawal fees/language
How do these withdrawal fees compare to other clubs? "The withdrawing partner will incur all expenses of this liquidation and receive 95% of the proceeds."
13 messages
NEW JERSEY CLUBS
To all New Jersey clubs.Do any of you know the parameters (as far as valuation) before you have to pay the filing fee with your income tax return?
3 messages
Long-standing clubs
In response to a few questions. 1. Yes our club has a TIN for all required tax reporting purposes 2. All dividends/interest are distributed according to ownership. 3. Minors can legally join an investment club under certain rules. Minor accounts are set up as custodian ...
1 message
Withdrawals
We have over 50 members so the tax returns run a few hundred pages with all the k-1's. Cost to print for paper and ink plus mailing costs for the returns adds to around $100. I suggest a fee of from 5 to 15 dollars ...
12 messages
long standing clubs
Hello and congratulations to all of you who have been in longstanding clubs. My question is: How regularly do you meet? and what do you do when no one shows for several meetings in a row? On Friday 20/06/2014 at 11:39 am, Susan Maciolek wrote: ...
12 messages
Withdrawals
There are costs associated with withdrawals that no one seems to be taking into account. A tax return needs to be printed and mailed, as well as K1's distributed. The withdrawing partner should share some of those expenses by paying a small withdrawal fee depending ...
11 messages
long standing clubs
Whilst we have several members whom have been in the club a lot longer than the recently joined members and therefore a higher overall percentage we still only allow one member one vote. This has never caused an issue. Ivor Hill Sirius Investment club Pueblo, ...
4 messages
Long-standing clubs
I just re-read your message and still have a lot of questions: Is your investment club a tax-identified partnership? Are dividends and earnings distributed according to ownership share or informally? Can minors legally join a partnership? Can as few as six people make the decisions ...
2 messages
Withdrawals
Our club is in NY. Most members are not very knowledgeable and rely on the advice of a small group. About half respond to buy and sell votes by email in between meetings. Recommendations by our research committee are followed most times. Research can also ...
1 message
withdrawal fees/language
Thanks for that info. On Monday 23/06/2014 at 8:04 pm, Jeanne Tieken wrote: Aside from all expenses incurred, our withdrawing member receive 95% if they voluntarily withdraw, but 100% if they die. On Mon, Jun 23, 2014 at 6:45 PM, Mary Moriarty < mmoriarty@crocker.com > ...
1 message
The ultimate tool for investing
I have been investing for the better part of four decades. A A lot has changed in that time. A My favorite thing that has changed is commissions. A Some of my first brokerage trades had commissions that were equal to 10% of the trade. ...
2 messages
Better Investing
Our club left Better Investing last year. We felt that for the same money and better value we could subscribe to Value Line. The SSG was difficult for us and was subjective and historical. With Value Line, although they do not have a club subscription, ...
22 messages
Size of Other Clubs
Our club, Tacoma Oddlot Ladies, started in 1996 with approximately 25 members. We now have 6 committed members and 14 stocks. Our valuation is $137,062.48. We have a unit value of $84.16. Linda Macdougall In a message dated 6/20/2014 1:30:13 P.M. Pacific Daylight Time, laurie@bivio.biz ...
1 message
Size of Other Clubs
My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
25 messages
Unit Value After a Withdrawal
Yes.A That is correct.A When a member withdraws, the number of units changes, but the unit value doesn't. The total valuation of your club would drop because there aren't as many units after the withdrawal. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook ...
3 messages