When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
John Rice
ABODI Investment Club
On Friday, June 20, 2014 9:09 AM, ira smilovitz <ira.smilovitz@gmail.com> wrote:
We started in 1999. FWIW, our unit value is $13.74, but comparing unit values doesn't tell you
anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years
other clubs have been in existence. How many members, number of stocks, what
is your valuation. Thanks for sharing.
JAYNE GILBERT on
The Make A Lot club has been active for more than 50 years with 17 members as present (our limit is 20). We have 25 stocks and a portfolio of $257,450. Our AIRR is 16%. We are all equal members and will take our profits this year in order to have a smaller buy-in amount to attract younger members. We pay dues of $150 quarterly.
The RICH club uses the unit method and members are not equal partners. We have 16 members (with a limit of 20) and own 21 stocks. Our portfolio value is $174,600, with an AIRR of 16%. Members pay $150 quarterly or more if they prefer.
On Friday, June 20, 2014 1:21 PM, John Rice <rice.j1969@att.net> wrote:
When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
John Rice
ABODI Investment Club
On Friday, June 20, 2014 9:09 AM, ira smilovitz <ira.smilovitz@gmail.com> wrote:
We started in 1999. FWIW, our unit value is $13.74, but comparing
unit values doesn't tell you
anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years
other clubs have been in existence. How many members, number of stocks, what
is your valuation. Thanks for sharing.
Gloria Graham on
Our club Sable Currency it's small, 6 members, we have too many stocks, 32, our unit value is$24.959483. We have been together for 8 years, our second time around. We first disbanded after 5 years. Hopefully we will continue this until we all retire! We have very slow growth with economy being at it's worse we have one member that was unemployed for 5 years so no dues from that member and others having financial issues. Thank God that we are starting to get back on our feet.
The Make A Lot club has been active for more than 50 years with 17 members as present (our limit is 20). We have 25 stocks and a portfolio of $257,450. Our AIRR is 16%. We are all equal members and will take our profits this year in order to have a smaller buy-in amount to attract younger members. We pay dues of $150 quarterly.
The RICH club uses the unit method and members are not equal partners. We have 16 members (with a limit of 20) and own 21 stocks. Our portfolio value is $174,600, with an AIRR of 16%. Members pay $150 quarterly or more if they prefer.
When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
We started in 1999. FWIW, our unit value is $13.74, but comparing
unit values doesn't tell you
anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years
other clubs have been in existence. How many members, number of stocks, what
is your valuation. Thanks for sharing.
Kittie Caldwell on
TWIG is 14 years old with 7 members, 21 stocks with total market value of $86,426.75.
My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
John Ellison on
Our club is called the Bulls and Bears. We have 12 members and we are 18 years old. I have pasted our portfolio for specifics.
My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
Morgan Lamarche on
DIC was founded in 2004. Currently has 18 members (the maximum according to our Articles), holds 22 stocks (although our unwritten rules dictate 20 or less) and portfolio valuation of approximately $375,000.
> My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
Our club, TLP Investment Club, has maintained around 15 members since starting in 1996. Portfolio value is around $135,000 but we have had a good deal of turnover in the last 3 years with departing members taking $78,000 with them. Our unit value is currently around $18 and like Ira's states below, we spent a long-time in the late 90's with our unit value less than our starting value of $10 (I know we were below $7 at one time). All voting rights for the partners are equal regardless of value, but contribution are not and range from $25/month to $200/month.
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Gloria Graham Sent: Friday, June 20, 2014 8:21 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Size of Other Clubs
Our club Sable Currency it's small, 6 members, we have too many stocks, 32, our unit value is$24.959483. We have been together for 8 years, our second time around. We first disbanded after 5 years. Hopefully we will continue this until we all retire! We have very slow growth with economy being at it's worse we have one member that was unemployed for 5 years so no dues from that member and others having financial issues. Thank God that we are starting to get back on our feet.
The Make A Lot club has been active for more than 50 years with 17 members as present (our limit is 20). We have 25 stocks and a portfolio of $257,450. Our AIRR is 16%. We are all equal members and will take our profits this year in order to have a smaller buy-in amount to attract younger members. We pay dues of $150 quarterly.
The RICH club uses the unit method and members are not equal partners. We have 16 members (with a limit of 20) and own 21 stocks. Our portfolio value is $174,600, with an AIRR of 16%. Members pay $150 quarterly or more if they prefer.
When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
We started in 1999. FWIW, our unit value is $13.74, but comparing unit values doesn't tell you anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
Steve Foster on
Circle of Friends started in 2008 with 4 friends from one neighborhood, but 2 of our members moved out of the area and eventually withdrew from the club. We found new friends to join us and we are back up to 4 members. Membership will remain small but our valuation continues to grow with 10 stocks worth about $17,000.
Steve
Foster
On Saturday, June 21, 2014 7:34 AM, James Dickerson via bivio.com <user*78700001@bivio.com> wrote:
Our club, TLP Investment Club, has maintained around 15 members since starting in 1996. Portfolio value is around $135,000 but we have had a good deal of turnover in the last 3 years with departing members taking $78,000 with them. Our unit value is currently around $18 and like Ira's states below, we spent a long-time in the late 90's with our unit value less than our starting value of $10 (I know we were below $7 at one time). All voting rights for the partners are equal regardless of value, but contribution are not and range from $25/month to $200/month.
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Gloria Graham Sent: Friday, June 20, 2014 8:21 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Size of Other Clubs
Our club
Sable Currency it's small, 6 members, we have too many stocks, 32, our unit value is$24.959483. We have been together for 8 years, our second time around. We first disbanded after 5 years. Hopefully we will continue this until we all retire! We have very slow growth with economy being at it's worse we have one member that was unemployed for 5 years so no dues from that member and others having financial issues. Thank God that we are starting to get back on our feet.
The Make A Lot club has been active for more than 50 years with 17 members as present (our limit is 20). We have 25 stocks and a portfolio of $257,450. Our AIRR is 16%. We are all equal members and will take our profits this year in order to have a smaller buy-in amount to attract younger members. We pay dues of $150 quarterly.
The RICH club uses the unit method and members are not equal partners. We have 16 members (with a limit of 20) and own 21 stocks. Our portfolio value is $174,600, with an AIRR of 16%. Members pay $150 quarterly or more if they prefer.
When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
We started in 1999. FWIW, our unit value is
$13.74, but comparing unit values doesn't tell you anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
Marcia Meltzer on
Our club started in 1982. We limited membership to 12 women and now have 10 members. It has been hard finding new ladies but the core group, including 2 original members, continues. We currently own 16 stocks valued at $263,500 with one unit at $38.74. We started as a way to educate ourselves and that is still the case, but there is a lot of time spent talking about grandchildren and travel.
Circle of Friends started in 2008 with 4 friends from one neighborhood, but 2 of our members moved out of the area and eventually withdrew from the club. We found new friends to join us and we are back up to 4 members. Membership will remain small but our valuation continues to grow with 10 stocks worth about $17,000.
Our club, TLP Investment Club, has maintained around 15 members since starting in 1996. Portfolio value is around $135,000 but we have had a good deal of turnover in the last 3 years with departing members taking $78,000 with them. Our unit value is currently around $18 and like Ira's states below, we spent a long-time in the late 90's with our unit value less than our starting value of $10 (I know we were below $7 at one time). All voting rights for the partners are equal regardless of value, but contribution are not and range from $25/month to $200/month.
Our club
Sable Currency it's small, 6 members, we have too many stocks, 32, our unit value is$24.959483. We have been together for 8 years, our second time around. We first disbanded after 5 years. Hopefully we will continue this until we all retire! We have very slow growth with economy being at it's worse we have one member that was unemployed for 5 years so no dues from that member and others having financial issues. Thank God that we are starting to get back on our feet.
The Make A Lot club has been active for more than 50 years with 17 members as present (our limit is 20). We have 25 stocks and a portfolio of $257,450. Our AIRR is 16%. We are all equal members and will take our profits this year in order to have a smaller buy-in amount to attract younger members. We pay dues of $150 quarterly.
The RICH club uses the unit method and members are not equal partners. We have 16 members (with a limit of 20) and own 21 stocks. Our portfolio value is $174,600, with an AIRR of 16%. Members pay $150 quarterly or more if they prefer.
When a member does a full withdrawal does the unit value stay the same but the number of units are reduced? This past year we had 3 members leave the club which reduced our valuation by almost 10%.
We started in 1999. FWIW, our unit value is
$13.74, but comparing unit values doesn't tell you anything about how successful a club has been. Our performance benchmark report shows an IRR of 6% over our existence (accounting for the variability of cash in-/out-flows), yet our unit value has only increased by 37.4%. In fact our unit value was below $10 for most of the first decade of our existence even though our performance was positive.
The other fallacy in comparing unit values is that not all clubs start with a $10 unit value.
Ira Smilovitz
On Fri, Jun 20, 2014 at 11:58 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:
We started in 1997 (yikes, I feel old). We have 26 stocks, 12 members, and our valuation of one unit is $23.98.
My club is gong on its fourth year. We are curious about how many years
other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.
Len Delmolino on
Our club, the Oak Point Investment Club (OPIC) was founded in January, 2010. We are part of an Over 55 community in Massachusetts. We started with 10 members. Five have withdrawn but 6 others have joined - so now we have 11 members.
We started at $10 a unit and our valuation is now $15.26. We own 10 stocks and our overall club value is $35,391.
Len Delmolino
Treasurer, Oak Point Investment Club
Middleboro, MA
From: "Morgan Lamarche" <morganlamarche@comcast.net> To: "club cafe" <club_cafe@bivio.com> Sent: Saturday, June 21, 2014 10:08:09 AM Subject: Re: [club_cafe] Size of Other Clubs
DIC was founded in 2004. Currently has 18 members (the maximum according to our Articles), holds 22 stocks (although our unwritten rules dictate 20 or less) and portfolio valuation of approximately $375,000.
On Jun 20, 2014, at 8:11 AM, RUSSELL WARD <russdward@gmail.com> wrote:
> My club is gong on its fourth year. We are curious about how many years other clubs have been in existence. How many members, number of stocks, what is your valuation. Thanks for sharing.