Hello Bivio Club Cafe Our investment club purchased shares of Northern Orion Resources, which is listed on the Toronto Stock Exchange as NNO.TO (Yahoo symbol with the share price is reflected in Canadian Dollars). Note- To get the stock's share price in US Dollars, the ...
We just sold a portion of our holding of one of our stocks for a profit and all the partners want to withdraw their respective portion of the sale. How is that determined? I don't see in bivio where it shows how much of the ...
>>Some of our members want to buy stocks individually and hold in our club account eliminating the need for an individual B&H account. Is this possible and would it throw our numbers out of wack? It is definitely NOT possible. I can't begin to describe ...
Some of our members want to buy stocks individually and hold in our club account eliminating the need for an individual B&H account. Is this possible and would it throw our numbers out of wack?
Paul, I don't think there is a problem here. I would want two K-1s. The first K-1 would be marked "final" and that would "trigger" the need to report (on the 1040) the capital gain/loss on withdrawal. The second K-1 would represent a new equity ...
Just curious, but what would happen in the case of a member who had a full withdrawal in January, but then rejoined in October? Will bivio correctly report that there are two separate "histories" (similar to multiple buys and sells of a stock) or would ...
Don't do anything yet. Although WorldCom has announced that the existing common stock will be canceled when it reorganizes and emerges from Chapter 11 it hasn't done so yet. Things may change (although this is highly unlikely). If you can get your broker to buy ...
I was wondering if there is a way to re-activate a withdrawn member. When I view the withdrawn member, the Privileges show as Withdrawn and there appears to be no way to change it.
Our club recently received a letter indicating we would receive nothing for the shares of Worldcom we hold as they emerge from bankrupcy, although I do not believe the bankrupcy has been finalized by the courts. I suspect then we should be able to write ...
We've added club and personal alias spam filtering and virus blocking. Both are on by default so you should see fewer spam and virus messages almost immediately. You can control these features by going to your Preferences or Club Configuration pages. To learn more, please ...
Jim: I have both positive and negative numbers on the cash flow. I started with the first date and used negative numbers for the cost items and positive numbers for the money we received earnings or current value of the investment. Still not sure why ...
It has been bothering club members that our investment of FTDI is not showing up correctly on our statement. Here is the history We bought EFTD on 5/23/01 for $6.00 a share for $16.168 shares ($97.01 purchase + $2.99 fee = $100 purchace total). The ...
>>Along the lines of this thread, does anyone know what we need to do with regards to the IRS when a member leaves/joins? >>I thought I read somewhere that we need to refile the partnership agreement, and perhaps even receive a new EIN. You don't ...