Hi All, I found this a fascinating story and thought may of you might also: The Valeant Meltdown and Wall Streets Major Drug Problem It brings up many points that are interesting to think about when it comes to choosing investments. A Apparently Valeant was ...
We have had an account with initially TD Waterhouse and since the merger with TD Ameritrade since July 20, 2000. We have been informed just last week that they have no record of any member of our club having authorization for the club even though ...
I am wondering if other clubs (in their constitution/charter) have a limit on the percentage a single member can have in the club (e.g. 20%, 25%, 49%, etc...)? What is that limit and why was it chosen? If the member hits or exceeds that limit, ...
May is Treasurer Training Month! It's a great time for a new investment club treasurer to get started or for you existing treasurers to learn something new.A Even if you're not a club treasurer, your club will be stronger if each of you has some ...
There are many solutions to your problem. It is not good to have one member with such a large percentage. That person could take a partial withdrawal, stop making contributions, others could be allowed larger contributions or a lump sum catch-up contribution. Linda Sent via ...
I followed good advice here and got an extension on 2015 return. We are a 10 year old PA investment club with 5 NJ members who in past got non resident PA K1s. This would be the first year we also are filing in NJ. ...
Don't forget, A we're offering our "Monthly Treasurer's Tasks" webinar live this coming Sunday. A Sunday May 22, 4PM EDT, A Register Now It's an opportunity to make sure you really understand all the basic tasks you should be performing as a club treasurer. Hope ...
We'll be doing live treasurer training webinars in May and June. Sign Up Now! Whether you're a new treasurer, A a club member or you'd just like to learn more, there's something for everyone. The webinars are free and all are invited but space is ...
Currently running BIVIO with 2 active members and one investment strategy i.e. Peer to Peer (P2P) Lending with Prosper Inc. Now want to add an additional investment strategy of equity trading with TDAmeritrade and 4 additional active members for a total of 6. The 4 ...
I followed the instructions for recording the proper entries for reimbursing members for the bivio subscription. I set up the account "Reimbursements" and entered $79 on 4/29/2015 and $179 on 4/24/2016 and then recorded the payments to the members who paid it. (Jill in 2015 ...
Does anyone know if there are special reporting requirements (other than issuing K-1s to the members) when: --the investment club is in a state other than Arkansas; and --two members are Arkansas residents? I've searched the Arkansas Dept. of Finance & Admin. website and didn't ...
Wonder what other bivio investment clubs are buying and selling? Here are the top Buy and Sell lists from April: Buys A By number of clubs: By total dollars: 1 AAPL SDS 2 GE IMPV 3 GNTX SYMC 4 UA SWKS 5 GILD AAPL 6 ...
Both Rip and Stu have stated arguments that I agree with. My club has a one-person-one-vote rule, no cap on percentage ownership, we have no penalty for not contributing (rarely happens), and all expenses are on a per-person basis rather than by percentage ownership. Bob ...
Two issues - Unequal % could breed issues amongst people and it leaves the club open to drmatic decisions when a person with high percentage departs Once you have person(s) with high %, difficult to obtain consensus on actions I say limit to 12% of ...
One of our club members asked if it is wise to bond the Treasurer. She read an article promoting it. I'm looking for opinions and ideas for who/what companies to contact for prices and other requirements. If you don't bond the Treasurer, how do you ...