Can anyone tell us at what date (e.g. month end following member's written request to withdraw?) a club should value its portfolio in order to pay out a withdrawing member? If there is more than one answer, what is the common/ best practice for clubs? ...
We're well into 2018 already and it's a good time to do some checking that will help your 2018 tax season go smoothly. If you've sold any stocks so far in 2018,A compare the cost basis details shown on the bivio Capital Gain and Loss ...
Hi all, Now that 2017 tax season has been put to bed, it is time for your club to focus on one of the changes which you will be dealing with when it comes time to prepare your 2018 taxes next year. Starting with your ...
Is it likely that it will be better in future years? On Monday 04/06/2018 at 3:23 pm, Laurie Frederiksen wrote: Hi, Clubs disbanding in 2018 will need to comply with the new 2018 audit rules for their reporting. Tax wise, it's a more complicated year ...
Wabtec and GE Transportation to Merge Today Wabtec announced that it has entered into a definitive agreement to combine with GE Transportation. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 ...
Why is keeping records for your investment club different than keeping personal investment records or records for other groups? a€‹ a€‹ Because your investment club is a partnership.A Your club has multiple owners. You don't just have to keep track of your investments, you need ...
On April 2 a mobile deposit was made to my club's checking account by someone not in our club. We've obtained a name from the credit union but they say that's as much as they can do. What do we do with this $25 deposit? ...
a€‹ One of the most difficult aspects of investing is the ability to make decisions unemotionally.A No matter how aware we are of trying to avoid this, it still affects us. I thought this was an interesting quiz from Charles Schwab.A It highlights some of ...
In month one, we had a member pass away. In month two, his bank sent us an automatic monthly contribution on his behalf. Later in month two, the bank retracted the erroneous contribution (as they should have). But, while this erroneous contribution was in our ...
Hi All, It's spring and some of you have taken on the role of investment club treasurer for the first time.A Others may have just joined a club or would like a refresher on how your club accounting works. Since it is often easier to ...
I have a journal entry from 2/26/2018 labeled as Unidentified credit, Cash Movement of Incoming Account Transfer with the amount of $996.45. I have entered dividends but I don't know how to do this entry or if I need to do something with this entry. ...
Bivio does a great job of reminding us to do an annual audit, something that is absolutely mandatory after all an investment club is a partnership which is a business entity. I personally do not like to just wait for the annual audit as I ...
As you may be aware, Scottrade accounts are being converted to TDAmeritrade accounts soon.A We have received several questions about what you need to do to handle this in bivio.A A Here is the answer: You will want to track your TDA transactions in a ...
Just spent almost two months trying to transfer the GA Model Club from Folio to Fidelity. I have been a satisfied customer with Fidelity for more than 35 years but have never been treated like this. The lawyers and the 'back office" would not accept ...
Not sure I understand all of it. My question we have a member whose name on roster is listed with Trust. should that be changed to just her name? Other member of the club do have trusts but I do not know who has what. ...