Last year our club received $13.65 from a settlement of Freddie Mac Securities Litigation. I recorded that as Miscellaneous Income using Bivio and reported it as Other Portfolio Income on the 1065 Schedule K. I also produced K-1's for the members with that income reported ...
after the sale of all our PEP, the 'cost basis" is listed at 84,000. as I went thru the process of recording the sale, i didn't do anything with the 'lots". what should i have done with those empty boxes beside each separate "lot"? complicating ...
Hello, We just started a club and we are currently using Charles Schwab as our brokerage and currently having to manually deposit checks directly to the broker. You would think for 12.95 a trade they would be more club friendly. We were told by Charles ...
We use TDAmeritrade also, but since we make deposits quarterly and live near one of their offices, our treasurer (me) hand-delivers the checks, which are collected at the meeting prior to the deposit dates (January 1, April 1, July 1, and October 1). They provide ...
We are forming an investment club and we are green as the spring grass. wondering if anyone knows what we need in the state of Tennessee to be legal. is there a site that list the requirments for each state. Thanks in Advance Dwayne W ...
A FEW TYPOS ON THE PREVIOUS E-MAIL From: Arthur Klages [mailto:aklages@triad.rr.com] Sent: Tuesday, April 14, 2009 1:42 PM To: 'The Club Cafe' Subject: RE: club_cafe: How does your club deposit checks? Good Morning... I guess that our club, the Senior Investment Club of Greensboro NC ...
A few months ago our club purchased some stocks which cost us 13 cents more then what we had in cash. TD Ameritrade credited our cash account the 13 cents to zero it out. Accountsync never did pick it up so we are out of ...
What do people do about expenses and dues? Should we keep a seperate spread sheet? We do not want the expenses and dues used when figuring the valuation. I hope I'm explaining this correctly!
Does the Average Annual Return on the Member Performance page include the partner's share of club expenses? The detail page shows payments and fees but not expenses. John
Hello all, Kind of new to the scene with investing as a club, I have a few ?'s if anyone can help. -If a member decides to quit the club what is the best way to "cash out" that individual? - Do other groups find ...
Trades done on 4/9/2009 showed up on Bivio the next day and then again on 4/18/2009. We are with TDAmeritrade. Has anyone else experienced this? Ajay Sareen