Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won’t my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won’t my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won’t my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
Mark Eckman
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
How are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Norm C Blizard on 08/18/2019
How are the number of units determined?
New units are assigned to a partner when the partner makes a
new capital contribution. The formula is number of units
assigned equals amount of capital contribution divided by
value of a unit on the date of the capital contribution.
The total units owned by a partner is the sum of the units
received for all capital contributions.
Total units for the partnership is the sum of total units
owned by all partners.
Jack Ranby.
How are the number of units determined?
New units are assigned to a partner when the partner makes a
new capital contribution. The formula is number of units
assigned equals amount of capital contribution divided by
value of a unit on the date of the capital contribution.
The total units owned by a partner is the sum of the units
received for all capital contributions.
Total units for the partnership is the sum of total units
owned by all partners.
Jack Ranby.
As I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)
As each additional person invests, the club builds more units.
The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.
Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.
Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.
Start on Bivio's start or home page, look on the left side under Welcome.
Choose Club Resources:
Treasurer Training. #1 Introduction to Investment Club Accounting.
Should be required for every member. Not just the treasurer.
Linda
How are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Linda,
I was unable to find the video. I don't see any of the things you
described on the home page of Bivio and the Help function didn't list any videos
concerning units. Also..... No Welcome on the home page.
Dick
Sent: Monday, August 19, 2019 11:55 AM
Subject: Re: [club_cafe] Question about a
withdrawal
As I recall, when the club is first formed the default unit value is $10.
So as each person invests, she buys one unit with each $10. (If she invests $50
she gets five units.)
As each additional person invests, the club builds more units.
The unit value would stay at $10 each until the club has expenses, revenue
or makes investments. From then on, the unit value floats up or down with the
market value.
Each monthly meeting the unit value is recalculated and additional
investments purchase additional units at the new value.
Bivio has an excellent video that all members should watch at least once.
Introduction to Investment Club Accounting. Unfortunately it is listed under
Teacher Training so my guess is most members don't watch it until they become a
Treasurer.
Start on Bivio's start or home page, look on the left side under
Welcome.
Choose Club Resources:
Treasurer Training. #1 Introduction to Investment Club Accounting.
Should be required for every member. Not just the treasurer.
Linda
How are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
I found it with no trouble. I see it as Orientation to investment club accounting.
Sent from my iPhone
Linda,I was unable to find the video. I don't see any of the things you described on the home page of Bivio and the Help function didn't list any videos concerning units. Also..... No Welcome on the home page.DickSent: Monday, August 19, 2019 11:55 AMSubject: Re: [club_cafe] Question about a withdrawalAs I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)As each additional person invests, the club builds more units.The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.Start on Bivio's start or home page, look on the left side under Welcome.Choose Club Resources:Treasurer Training. #1 Introduction to Investment Club Accounting.Should be required for every member. Not just the treasurer.LindaHow are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Dick,
I suspect you are not going to the home page. If you have your computer set up to take you to your club's site then you are by-passing the home screen.
If I am correct, go to the upper right corner where you club name is listed; right click on the name to see a pull down menu with several sub-directories listed. One of them is club-cafe, click on it and you will find a sub-menu on the right side about Starting a club, hover over "club resources" and click. You will find the videos here.
Joe Farrell VP
LA/MS Chapter
Online Chapter
I found it with no trouble. I see it as Orientation to investment club accounting.Sent from my iPhoneLinda,I was unable to find the video. I don't see any of the things you described on the home page of Bivio and the Help function didn't list any videos concerning units. Also..... No Welcome on the home page.DickSent: Monday, August 19, 2019 11:55 AMSubject: Re: [club_cafe] Question about a withdrawalAs I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)As each additional person invests, the club builds more units.The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.Start on Bivio's start or home page, look on the left side under Welcome.Choose Club Resources:Treasurer Training. #1 Introduction to Investment Club Accounting.Should be required for every member. Not just the treasurer.LindaHow are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Go to Youtube
On Aug 19, 2019, at 10:07 PM, Dick Lewis via bivio.com <user*30211200001@bivio.com> wrote:Linda,I was unable to find the video. I don't see any of the things you described on the home page of Bivio and the Help function didn't list any videos concerning units. Also..... No Welcome on the home page.DickSent: Monday, August 19, 2019 11:55 AMSubject: Re: [club_cafe] Question about a withdrawalAs I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)As each additional person invests, the club builds more units.The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.Start on Bivio's start or home page, look on the left side under Welcome.Choose Club Resources:Treasurer Training. #1 Introduction to Investment Club Accounting.Should be required for every member. Not just the treasurer.LindaHow are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Before you Login
Scroll down to the U's
Here is a link to the Help Article https://www.bivio.com/site-help/bp/Unit_Value_Help
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Robert Shaw via bivio.com
Sent: Tuesday, August 20, 2019 6:28 AM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Go to Youtube
On Aug 19, 2019, at 10:07 PM, Dick Lewis via bivio.com <user*30211200001@bivio.com> wrote:
Linda,
I was unable to find the video. I don't see any of the things you described on the home page of Bivio and the Help function didn't list any videos concerning units. Also..... No Welcome on the home page.
Dick
Sent: Monday, August 19, 2019 11:55 AM
Subject: Re: [club_cafe] Question about a withdrawal
As I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)
As each additional person invests, the club builds more units.
The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.
Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.
Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.
Start on Bivio's start or home page, look on the left side under Welcome.
Choose Club Resources:
Treasurer Training. #1 Introduction to Investment Club Accounting.
Should be required for every member. Not just the treasurer.
Linda
On Sun, Aug 18, 2019 at 1:18 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
How are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman
Thanks. Found it.
Dick
Sent: Tuesday, August 20, 2019 12:29 AM
Subject: Re: [club_cafe] Question about a
withdrawal
Dick,
I suspect you are not going to the home page. If you have your
computer set up to take you to your club's site then you are by-passing the home
screen.
If I am correct, go to the upper right corner where you club name is
listed; right click on the name to see a pull down menu with several
sub-directories listed. One of them is club-cafe, click on it and you will
find a sub-menu on the right side about Starting a club, hover over "club
resources" and click. You will find the videos here.
Joe Farrell VP
LA/MS Chapter
Online Chapter
I found it with no trouble. I see it as Orientation to investment club accounting.
Sent from my iPhoneLinda,I was unable to find the video. I don't see any of the things you described on the home page of Bivio and the Help function didn't list any videos concerning units. Also..... No Welcome on the home page.DickSent: Monday, August 19, 2019 11:55 AMSubject: Re: [club_cafe] Question about a withdrawalAs I recall, when the club is first formed the default unit value is $10. So as each person invests, she buys one unit with each $10. (If she invests $50 she gets five units.)As each additional person invests, the club builds more units.The unit value would stay at $10 each until the club has expenses, revenue or makes investments. From then on, the unit value floats up or down with the market value.Each monthly meeting the unit value is recalculated and additional investments purchase additional units at the new value.Bivio has an excellent video that all members should watch at least once. Introduction to Investment Club Accounting. Unfortunately it is listed under Teacher Training so my guess is most members don't watch it until they become a Treasurer.Start on Bivio's start or home page, look on the left side under Welcome.Choose Club Resources:Treasurer Training. #1 Introduction to Investment Club Accounting.Should be required for every member. Not just the treasurer.LindaHow are the number of units determined?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Linda Glein via bivio.com
Sent: Saturday, August 17, 2019 5:02 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
In simple terms:
Unit Value = Market Value / No. of Units.
Linda
On Sat, Aug 17, 2019 at 1:34 PM Norm C Blizard via bivio.com <user*36041900001@bivio.com> wrote:
I have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each member's value? In other words, what is the formula?
Thanks
Norm C Blizard, SCSIC
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com
Sent: Saturday, August 17, 2019 4:29 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Question about a withdrawal
Your club member valuation is based on the number of shares you have times the asset value per unit. You will never have a -0-% unless you sell all of your units.
Mark Eckman
On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via bivio.com <user*31518000001@bivio.com> wrote:
You should send this question to support@bivio.com.
If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. The treasurer enters this as a PARTIAL WITHDRAWAL and the program calculates the rest. At tax time you would receive a withdrawal report if there is a taxable gain to report. Withdrawn money comes out of your adjusted basis first, so you would only be taxed if your withdrawal exceeds the basis.
Linda Wiltse
Pointe Players
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Sharon Holley via bivio.com
Sent: Saturday, August 17, 2019 11:44 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Question about a withdrawal
Currently I am in need to withdraw 20,000 from our club. My investment value is 23,000, but I only paid about 8,000 for it. If I show this as a withdrawal, won't my investment percentage drop to zero, when really the remaining 3,000 is about 2 percent of our portfolio, so I should still have a 2 percent investment.
Please advise how to show this?
Sharon Holley
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
--
Mark Eckman