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Are your investments safe with your broker?
A bivio user recently asked As club treasurer, I proposed to move all our drips to our Buy and Hold Account. I met resistance from a few of our members who questioned the safety of Buy and Hold and our putting all our eggs in ...
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Glitches, Fractional Shares and Differences from NCA Results
Steve Denman reports that he has read my articles on spin-offs, and has entered the data on the Lucent/Avaya reorganization in both bivio and NCA. He reports a difference in the gain on the sale of fractional shares, and wants to know why. He says ...
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Merger - First Security/Wells Fargo
This is part of a continuing series on entering Spin-Offs and Mergers in bivio and NCA. On October 25, 2000 Wells Fargo & Company [WFC] and First Security Corporation [FSCO] completed a merger where shareholders of FSCO received .355 shares of WFC for each share ...
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Lucent/Avaya Spin Off
This is part of a continuing series on entering Spin Offs and Mergers in bivio and NCA. Lucent [LU] spun off Avaya as of 10/1/2000. Lucent shareholders were to receive 1 share of Avaya for each 12 shares of Lucent owned. The tax basis for ...
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bivio, NAIC and me
I just got back from NAIC Chapter Fair in Denver. bivio had a booth there. In preparing for the event, I was forced to reassess bivio's progress in developing its club accounting program. So I hope you will excuse me if I digress for a ...
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Signing your club's application for a tax ID number.
Corey recently asked I am in the process of setting up a club. We are organized and well on our way. We have a partnership agreement written up that was recently signed by all partners. Our next step is to fill out the tax id ...
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Should one or more members "buyout" a withdrawing member?
Club members and treasurers often ask Should one or more remaining club members "buyout" a withdrawing member? First, before I answer that question, let's define a "buyout". A "buyout" is where one or more people buy the units of a withdrawing member directly from that ...
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Choosing a broker.
Bert recently wrote We are at the point now though where we have to choose an online broker. What we're looking for is basically a vehicle for making investments. We have other resources available to us for use in doing research etc. Can you guys ...
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Checking accounts for investment clubs
The Riverside Investment Club asks We have an established investment club that has been in operation for about 4 months now. Because of some difficulties with finding a reasonable cost checking account, we arrived at the solution of opening two E-Trade accounts, using one for ...
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Joint Account vs. Family Partnership
Marilyn recently wrote My two sons, my significant other, and I would like to begin to invest in stocks together through B&H. My question, is it possible for the four of us to have a joint account, or do we need to go through becoming ...
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Payoffs Using Appreciated Stocks - Are You Guyz Sure?
Jerry and I have constantly advocated using appreciated stocks to pay off departing members. Recently, we were asked An accountant in our club believes there may be tax liabilities to a partnership when transfering securties to a departing member (not selling stock, just transfering shares). ...
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Establishing a club Valuation Date
A reader recently asked I am in the process of starting up an Investment club. My question is if we have our monthly meeting on the 20th of the month, do we set the Valuation date for the 1st of the month or the last ...
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Investing as a Family Business
A reader recently asked Can you offer a suggestion for structuring/formation of my family's investing activites. We want to invest our money, but are not sure of what is available to us. Can we form an investment club for our family, (at least initially), FLP, ...
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Division of shares, profits, and loss in an investment club
Rip and I, the Trez_Talk guys, were recently asked I have about ten friends and we are interested in starting an investment club. I have dabbled in funds for quite some time now and my group wants me to be the president of the club. ...
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Beneficiaries in Investment Clubs
A reader asks Would you have any information with regard to how beneficiaries of investment club members are treated, i.e. how they are addressed in the Bylaws? The treatment of beneficiaries in an investment club has gone through many gyrations. When the NCA software first ...
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