We do allow if three conditions are met> 1) Member must give absent notice prior to meeting to secretary. 2) There must be an issue that is scheduled for an upcoming vote. 3) Member payment needs to be present at time of meeting. A normal ...
I live in Bellwood, IL and I'm looking for new members to get my club started. If there is anybody out there in the Chicago area and you are looking to join my club please respond.
I am considering ask my Investment club to purchase DRIPS. How can you track DRIPS? We use AccountSync which is linked to our brokage account but how do you track DRIPS using Bivio and how do you enter dividends that gets re-invested?
I'm not an accountant but serve as Treasurer of our investment club. (Thank goodness for Bivio!) I'd appreciate some help/advice. Our club had a member terminate in October. I ran both a Member Summary Report and a Member Performance Report (to double-check her market value ...
Hello all, Our club has decided to more actively manage our account. We originally were very buy-and-hold oriented, but decided that we would set stop-loss order limits on all our stocks. We also agreed to begin selling portions of our well-performing stocks, so we wouldn't ...
Once a club disbands, how long should the club info (financial records etc) be retained? are their IRS requirements/rules that must be followed? Thanks in advance.
I would keep the records for at least four years after the due date of the club's final tax return, possibly longer. My logic is as follows: Generally the IRS has three years to audit a return starting from the latter of the due date ...
I've always wanted to manage my own mutual fund. I think this may be just the avenue I need to start. I have over 5 years investment experience. I currently reside in Massachusetts. Any monthly contribution will work. I'm not sure how to prove this ...
Right off the bat you have a problem: a club doesn't involve people giving you their money to invest. A club is managed by ALL the partners. What you are suggesting is simply a form of hedge fund. In that case, your first step would ...
There are lots of legal issues associated with investing money for others, the main one being - what happens when you lose money? Anyway, you'd need to meet with an attorney to determine things like structure and registration requirements. A club is able to remain ...
Based on the disclaimer at the bottom of your note - you certainly don't need any additional legal advice. In all seriousness, internal control is important for investment clubs. We have different members who are able to> sign checks, make trades and deposit money. Broker ...
Any clubs out there out there who would be intrested in having a multi club meeting. We are all after the same thing, profits. Why not get together and share ideas on stocks, accounting, and ideas in general. Please E-mail, Kevin Duffy ( In the ...
I couldn't agree with Lynn more. Original Message From: Garbagecop [mailto:garbagecop@foxinternet.net] Sent: Monday, November 18, 2002 10:01 PM To: The Club Cafe Subject: Re: club_cafe: New Club Looking to start Brandon, Please don't start an investment club. This is not the vehicle you are looking ...
Our ckub has decided to disband effective 11/15. I am in the process of liquidating the portfolio. This should be complete by months end. Will I be able to print K-1's this year for 2002 activity or will I have to wait until January? I ...