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 ...
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 ...
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 ...
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 ...
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.
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 ...
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 ...
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 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.
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 ...
Bivio requires me to have a valuation date no later than the transaction date. This is contrary to what I'm trying to do. For example, if I have a member pay a week ahead of the monthly meeting, I'd prefer their Valuation in the club ...
Are there any clubs in Skagit County in Washington State looking for new members? I've started and belonged to clubs in other states, but have moved and am looking for a new club.
Thank you Lynn, I would agree the minutes to detail attendance. Yet, it was suggest that we ask the question of other groups that might have another tool. Thanks again Michelle On Fri 11/01, Garbagecop wrote: From: Garbagecop [mailto: garbagecop@foxinternet.net] To: club_cafe@bivio.com Date: Fri, 1 ...