Is there going to be a way for club members to access their respective K-1s or will the club administrator still be responsible for printing and distributing them? Some time ago I asked Rob Nagler about this and he indicated that it was being considered. ...
Are there any clubs that uses BuyandHold as their Brokers and has a money market account setup with BuyandHold? We have an account called BuyandHold and a Share account which is setup at a local bank. All of our transactions are done out of the ...
My opinion - free trades (or any 'free' incentive) should not hit the income statement. You buy 100 shares of stock for $10.00. Put it in as 1,000 (with zero commission). How can this affect the cost basis or income statement? If the new broker ...
We recently changed brokers and got several free trades. They are showing up in bivio as income, but I feel they should be adjustments to the basis of the stocks bought and sold. Am I right and how do I go about doing it? Thanks, ...
How many clubs are hiring an outside accountant to review your data? I see no need for such an event to occur. Our Treasurer is responsible for keying data into Bivio and making sure the reports tie out to broker and bank statements. Each quarter ...
I'm trying to understand 'Exporting Data' and XML and not having a lot of success. Okay, I've downloaded the data as an XML file. If I open it in a browser it just comes up a whole lot of text means nothing to me. If ...
You make a "misleading" statement below "However, in WCOM's case I believe the stock is clearly worthless." If you meant that in your opinion, the company will not revive and will not regain value, that is a valid opinion. If you meant that the stock ...
Yes, it poses problems if you do not make payment before 12/31. In a nutshell, the IRS does not consider the member to be withdrawn until the money is paid. See the following for more information: http://www.bivio.com/trez_talk/mail-msg?t=11277600003 http://www.bivio.com/trez_talk/mail-msg?t=11213900003&s=1 Ira Smilovitz In a message dated 12/01/02 ...
At our last meeting several of our members wanted to sell WCOM because of the loss we occurred, and the fact that WCOM is going bankrupt or has already gone bankrupt. It was brought to our attention that the stock is still trading. We could ...
The buy out date of a member is 10/21/02. We have six months to sent her check. I have already entered the buy out. Does this pose any problems for the end of the year taxes for her or the club if we send the ...
How can I have a stock that in my holdings I'm up 10% on, but when I go to the investment performance report the Annualized IRR shows a negative 53%? Any help would be appreciated.
I think the expense ratio is a good item to track. However, you are comparing apples to oranges when you are then taking your expense ratios and comparing them to actively managed mutual funds. The fees quoted for mutual funds do not include many of ...
We also have 2 accounts, and both are interest bearing. One we use at State Discount for check writing, while the other (BuyandHold) is used for stock purchases. Both accounts were opened with only $20. Maintaining both accounts are very easy using Bivio. B- Original ...
We are a club that, due to geographical reasons, cannot meet as much as possible. We would like to explore the possibility of conducting meetings online, in a private chat room. However, we do not know where to begin in regards to this. Are there ...