I agree with you about the value of BI. For years I was a subscriber. I will definitely consider recommending a subscription to my club.
Thanks,
Charles
Sent from my iPhone
On Dec 8, 2020, at 11:49 AM, Stuart Lange via bivio.com <user*25028600001@bivio.com> wrote:
As a member of an investment club since the middle 80s, I would strongly (make that STRONGLY) encourage you to join Better Investing (see betterinvesting.org). They have a wealth of information and experience available to help new clubs, old clubs, and individual investors both run a club and make wise investment decisions. Even after nearly 40 years of club and personal investing, I would never try to do this solo. I'm sorry if I sound like a paid commercial for BI, but you will be hard-pressed to find a better resource.
Hi Bivions,
My name is Charles. I am the (novice) organizer of an
investment club formed by family and friends. We are an LLC
and we opened our account with TD Ameritrade as an
Investment Club. None of us have any experience with
investment clubs and very little trading experience.
As I read through the messages I see that there is a lot
more to running an investment club than just pooling monies
and trying to make good trades. I am most concerned about
our partnership's relationship with our broker. I want to
be in compliance.
Can anyone recommend a good primer on running an investment
club.
Thanks,
Charles
Robert Shaw on
Charles, don't just join; take advantage of all the webinars.
Go into the archives and watch those. You can watch most at the 1.25x speed and not miss anything.
Go to YouTube and search for the Manifest Investing roundtable and watch those.
You are embarking on a journey and it will take you awhile to figure out what you are trying to do.
So take advantage of the others who have gone before you; they have a lot to offer.
As a member of an investment club since the middle 80s, I would strongly (make that STRONGLY) encourage you to join Better Investing (see betterinvesting.org). They have a wealth of information and experience available to help new clubs, old clubs, and individual investors both run a club and make wise investment decisions. Even after nearly 40 years of club and personal investing, I would never try to do this solo. I'm sorry if I sound like a paid commercial for BI, but you will be hard-pressed to find a better resource.
Hi Bivions,
My name is Charles. I am the (novice) organizer of an
investment club formed by family and friends. We are an LLC
and we opened our account with TD Ameritrade as an
Investment Club. None of us have any experience with
investment clubs and very little trading experience.
As I read through the messages I see that there is a lot
more to running an investment club than just pooling monies
and trying to make good trades. I am most concerned about
our partnership's relationship with our broker. I want to
be in compliance.
Can anyone recommend a good primer on running an investment
club.
Thanks,
Charles
John Rice on
Keep in mind that you will have losers but hopefully the winners outdo the losers. Just don't beat yourself up about the losers, short term losers can turn out to be great long time stocks. Also there are numerous stocks that an investment club should not buy due to the extra bookkeeping and headaches that it brings on you. For example, don't buy MLPs or ETFs that hold physical precious materials. The Bivio site does have a list of a lot of them.
As a member of an investment club since the middle 80s, I would strongly (make that STRONGLY) encourage you to join Better Investing (see betterinvesting.org). They have a wealth of information and experience available to help new clubs, old clubs, and individual investors both run a club and make wise investment decisions. Even after nearly 40 years of club and personal investing, I would never try to do this solo. I'm sorry if I sound like a paid commercial for BI, but you will be hard-pressed to find a better resource.
Hi Bivions,
My name is Charles. I am the (novice) organizer of an
investment club formed by family and friends. We are an LLC
and we opened our account with TD Ameritrade as an
Investment Club. None of us have any experience with
investment clubs and very little trading experience.
As I read through the messages I see that there is a lot
more to running an investment club than just pooling monies
and trying to make good trades. I am most concerned about
our partnership's relationship with our broker. I want to
be in compliance.
Can anyone recommend a good primer on running an investment
club.
Thanks,
Charles
Alessandro on
Hi Ira, is there a number I can call for support?
Regards,
Alessandro
On Dec 8, 2020, at 2:14 PM, ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
I am surprised that you chose the LLC route. Most investment clubs are general partnerships, partially because LLCs generally don't provide any additional protection for the members, and secondarily because most states assess an annual fee for the privilege of being an LLC. Some states, notably CA and NY charge very high minimum annual fees for LLCs.
The best thing to do is send a request to support@bivio.com and explain as clearly as you can what you need help with. Provide a telephone number and suggest 2 or 5 convenient times. The support team will review your request and propose the best course of action, whether through an exchange of emails or a phone call.
I am surprised that you chose the LLC route. Most investment clubs are general partnerships, partially because LLCs generally don't provide any additional protection for the members, and secondarily because most states assess an annual fee for the privilege of being an LLC. Some states, notably CA and NY charge very high minimum annual fees for LLCs.