long standing clubs
Whilst we have several members whom have been in the club a lot longer than the recently joined members and therefore a higher overall percentage we still only allow one member one vote. This has never caused an issue.
Ivor Hill
Sirius Investment club
Pueblo, CO
-------- Original Message --------
Subject: Re: [club_cafe] long standing clubs
From: John Rice <rice.j1969@att.net>
Date: Tue, June 24, 2014 12:27 pm
To: "club_cafe@bivio.com" <club_cafe@bivio.com>
We do have a rule in our Partnership Agreement that no member should have more than a 25% ownership of the club. The reason that clubs do this is so that no member will feel obligated to vote with a member that has a larger ownership of the club. Also, prevents the person who does have the bigger percentage from feeling that the other members should vote his way because of his bigger stake in the club. This rule would be necessary for some clubs but unnecessary with others. As long as there is no issue with someone feeling that they need to vote according to who has the biggest ownership then by all means let them contribute as much as they want.John RiceABODI Investment ClubOn Tuesday, June 24, 2014 11:08 AM, Mike Jones via bivio.com <user*21595500001@bivio.com> wrote:
The "not exceed total ownership of any other member" clause is awkward. I'd have to ask the largest owner how much s/he is paying this month so I wouldn't 'accidentally' pass him/her by. That is a rule that seems ripe for revocation. My club has added new members and my current net worth is probably 15 times that of the newest member. Unless you have proportional voting, net worth seems a non-issue. Equal shares is also not an issue for us.Mike JonesWall$treet WannabeesBloomington, MN
From: Jeanne Tieken <jeannetieken@gmail.com>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Tuesday, June 24, 2014 11:24 AM
Subject: Re: [club_cafe] long standing clubs
$$$ (South Shore Seniors) meets once a month; minimum monthly payment is $25; may pay any amount (in $25 increments) but not exceed the total ownership of any other member. Most members pay $50. We have a miss-3-we MAY- withdraw you, but invoked it only in the earliest years. We allow proxy votes, in writing (email is okay) and request payment in advance if you know you're going to miss. Seems to work pretty well.On Tue, Jun 24, 2014 at 9:25 AM, Mike Jones via bivio.com <user*21595500001@bivio.com> wrote:
The Wall$treet Wannabees also has a fee for late payment (seldom necessary) and a rule that you may not miss more than 2 meetings a year. We enforced that only once and the withdrawing partner was using the rule to help her make a decision she couldn't - to leave.Mike JonesBloomington, MN
From: Barb & Glenn Doherty <bdoherty@new.rr.com>
To: club_cafe@bivio.com
Sent: Monday, June 23, 2014 6:18 PM
Subject: RE: [club_cafe] long standing clubs
We the Dividend Diva$, just went to meeting every other month as our membership dropped down to 4 from 10. We had a monetary penalty for late fees and a rule if you missed more than 3 meetings in a year you were done. This rule was only invoked once.BarbFrom: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of mmoriarty@crocker.com
Sent: Monday, June 23, 2014 5:10 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] long standing clubsHello and congratulations to all of you who have been in longstanding clubs. My question is: How regularly do you meet? and what do you do when no one shows for several meetings in a row?On Friday 20/06/2014 at 11:39 am, Susan Maciolek wrote:BCI founded 1994, 16 members, 16 stocks, unit valuation =$80.23On Fri, Jun 20, 2014 at 10:03 AM, John Rice <rice.j1969@att.net> wrote:ABODI Investment Club (aka A Bunch Of Dummies Investing) started in 2008 with 8 members and now we have 16 members and 27 stocks. Total Number of Valuation Units to Date 2,454.290918 Value of One Unit $26.750544 .John RiceOn Friday, June 20, 2014 6:24 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:Hi Russell,
I am in two clubs. One began in 1998. It has 7 members, 13 stocks and a NAV of $33.16.
The other began in 2009. It has 8 members, 8 stocks and a NAV of $17.45Fun question!Laurie Frederiksen
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Our club celebrates its 30 year anniversary this year. We
currently have 34 members, 13 of which are considered junior
partners (minors - children/grandchildren of members).
We started with 4 members, and the original 4 are still with
the club.
We have a breakfast meeting the 3rd Saturday of each month,
at the same place, at the same time so members can make
arrangements if they plan to attend. we generally have
anywhere from 6-12 at any given meeting. We also have a few
members who never attend, but they make sure their monthly
payment is sent in. For those unable to attend we provide a
monthly newsletter, sent out (email) the Wednesday prior to
the Saturday meeting as a reminder to everyone, and also to
provide a snapshot of the months activity. As I hear,
members look forward to the newsletter which is kept to one
page.
We consider our club lucky in way, because we do have a
group of people who still find it exciting investing for fun
and prosperity. Have more to share if there is interest.
Frank N
FMA Investment Club
currently have 34 members, 13 of which are considered junior
partners (minors - children/grandchildren of members).
We started with 4 members, and the original 4 are still with
the club.
We have a breakfast meeting the 3rd Saturday of each month,
at the same place, at the same time so members can make
arrangements if they plan to attend. we generally have
anywhere from 6-12 at any given meeting. We also have a few
members who never attend, but they make sure their monthly
payment is sent in. For those unable to attend we provide a
monthly newsletter, sent out (email) the Wednesday prior to
the Saturday meeting as a reminder to everyone, and also to
provide a snapshot of the months activity. As I hear,
members look forward to the newsletter which is kept to one
page.
We consider our club lucky in way, because we do have a
group of people who still find it exciting investing for fun
and prosperity. Have more to share if there is interest.
Frank N
FMA Investment Club
Please tell me how you keep otto one page. I prepare an email for members monthly and it usually runs to 20 or more pages of pdf.
On Jun 24, 2014, at 3:48 PM, Francis R. Nistico via bivio.com <user*27073700001@bivio.com> wrote:
> Our club celebrates its 30 year anniversary this year. We currently have 34 members, 13 of which are considered junior
> partners (minors - children/grandchildren of members). We started with 4 members, and the original 4 are still with
> the club.
>
> We have a breakfast meeting the 3rd Saturday of each month, at the same place, at the same time so members can make arrangements if they plan to attend. we generally have anywhere from 6-12 at any given meeting. We also have a few members who never attend, but they make sure their monthly payment is sent in. For those unable to attend we provide a monthly newsletter, sent out (email) the Wednesday prior to the Saturday meeting as a reminder to everyone, and also to provide a snapshot of the months activity. As I hear, members look forward to the newsletter which is kept to one page.
>
> We consider our club lucky in way, because we do have a group of people who still find it exciting investing for fun and prosperity. Have more to share if there is interest.
>
> Frank N
> FMA Investment Club
On Jun 24, 2014, at 3:48 PM, Francis R. Nistico via bivio.com <user*27073700001@bivio.com> wrote:
> Our club celebrates its 30 year anniversary this year. We currently have 34 members, 13 of which are considered junior
> partners (minors - children/grandchildren of members). We started with 4 members, and the original 4 are still with
> the club.
>
> We have a breakfast meeting the 3rd Saturday of each month, at the same place, at the same time so members can make arrangements if they plan to attend. we generally have anywhere from 6-12 at any given meeting. We also have a few members who never attend, but they make sure their monthly payment is sent in. For those unable to attend we provide a monthly newsletter, sent out (email) the Wednesday prior to the Saturday meeting as a reminder to everyone, and also to provide a snapshot of the months activity. As I hear, members look forward to the newsletter which is kept to one page.
>
> We consider our club lucky in way, because we do have a group of people who still find it exciting investing for fun and prosperity. Have more to share if there is interest.
>
> Frank N
> FMA Investment Club
Our newsletter is only a snapshot of the monthly activity. How much we took in from dues, stock sales, dividends and interest. How much we spent on stock buys, reinvestment and club expenses. Cash on hand in all our accounts. A listing by symbol of all reinvestment additions and new purchases. A section on portfolio value, unit cost and total club shares. A stock news corner relating recent news on 5-6 of our holdings, and recommendations submitted by members for consideration. We will rotate information blocks every other month. We may replace the news corner with a display of our portfolio by Industry/Sector, or Portfolio ROI by sector. I think we keep the interest level up by this rotation scheme, never the same month after month.
-----Original Message-----
From: Clarence Joseph Farrell <cjfarrell46@comcast.net>
To: club_cafe <club_cafe@bivio.com>
Sent: Tue, Jun 24, 2014 9:24 pm
Subject: Re: [club_cafe] long standing clubs
From: Clarence Joseph Farrell <cjfarrell46@comcast.net>
To: club_cafe <club_cafe@bivio.com>
Sent: Tue, Jun 24, 2014 9:24 pm
Subject: Re: [club_cafe] long standing clubs
Please tell me how you keep otto one page. I prepare an email for members monthly and it usually runs to 20 or more pages of pdf. On Jun 24, 2014, at 3:48 PM, Francis R. Nistico via bivio.com <user*27073700001@bivio.com> wrote: > Our club celebrates its 30 year anniversary this year. We currently have 34 members, 13 of which are considered junior > partners (minors - children/grandchildren of members). We started with 4 members, and the original 4 are still with > the club. > > We have a breakfast meeting the 3rd Saturday of each month, at the same place, at the same time so members can make arrangements if they plan to attend. we generally have anywhere from 6-12 at any given meeting. We also have a few members who never attend, but they make sure their monthly payment is sent in. For those unable to attend we provide a monthly newsletter, sent out (email) the Wednesday prior to the Saturday meeting as a reminder to everyone, and also to provide a snapshot of the months activity. As I hear, members look forward to the newsletter which is kept to one page. > > We consider our club lucky in way, because we do have a group of people who still find it exciting investing for fun and prosperity. Have more to share if there is interest. > > Frank N > FMA Investment Club