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Tax question
I am afraid we got involved in a LTD. Partnership before we knew they were a tax problem. The company is Kohlbert Kravis Roberts & Co. (KKR). Before the next tax season I want to get this straightened out. We bought 25 shares on 1-21-14. ...
2 messages
Tax Issues Related to the Buyout of Covidien (COV) by Medtronic (MDT)
Many of your investment clubs own either Covidien (COV) or Medtronic (MDT) or both.A Medtronic has announced that they plan to acquire Covidien and then change their place of incorporation to Ireland. The combination is still subject to shareholder approval so the date of the ...
1 message
It's Everyone's Lucky Day!
We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis ofA all your stocks stays updated correctly.A You might also find it useful in making sell decisions when you own ...
7 messages
Value of one Unit on Valuation (NAV) Report
How does the cash account balance affect the Value of one unit on the Valuation Report? For instance, if our NAV is worth $15.00 per unit on June 1st and we have $500.00 in our cash account, does a large infusion of contributions on June ...
9 messages
Thanks
Thank you so much for this report. The Greenbills Investment Club is excited about it and appreciates it very much Diane Ellison
1 message
It's Everyone's Lucky Day!
That is sooo awesome. Thank you, Laurie. In a message dated 6/12/2014 8:35:39 A.M. Pacific Daylight Time, laurie@bivio.biz writes: We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis of ...
1 message
crime insurance
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use? Linda This email ...
15 messages
Skype Video Calling (Was No Quorum discussion)
This is a good idea.A Skype now offers group video calling for free for up to 10 people. As Peg notes, that might give you another option to get together for a discussion if you all can't get together in person. Here's more information about ...
4 messages
No quorum
Just wondered what other clubs do when attendance starts to decline and we often end up not having a quorum? We have allowed absentees to send in a report on their stock but that seems to give them license to be absent without guilt. We ...
10 messages
general partnership agreement
i apologize for my rant below. i will reframe my previously answered question again, Is there anything legally(SEC/IRS) wrong to have investment club general partnership agreement to reflect unequal profit sharing? or perhaps it may legally correct and morally wrong? example, treasurer may take additional ...
4 messages
AAPL post split share price
Am trying to run a valuation for a Monday meeting. Have submitted a stock split but the share price has not adjusted. How do I adjust the stock price or when will the database be updated? Thanks
3 messages
Brokerage Requirements
I'm in the process of helping a new investment club get started. We've started to investigate brokerage account requirements (TDA and Scottrade, so far) and some of the answers I'm getting from brokers are not what I anticipated. In particular I have the following questions ...
10 messages
Electronic Transfers Versus Electronic Bill Pay
There is consistently confusion between these two things. All of the brokerages I've dealt with in clubs allow you to use Electronic Bill pay from from a members bank account to send a check to your club brokerage account. To set this up, ask your ...
1 message
LKQ
There is no right answer. People in the club have different tax situations and different needs. If the club has realized losses or wants to get rid of a losing stock I would go with selling the earliest shares so the gain offsets the loss. ...
3 messages
LKQ
Hi, My club purchased 100 shares of LKQ back in Nov 2008 at $9.42. In addition we purchased 50 shares in 2009 and again in 2011. The stock has done very well and split in Aug of 2008 giving us 400 shares. We want to ...
3 messages