We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com
Thanks, Laurie. I've seen a couple of cases of this lately also.
Mark Robertson
On Tue, Dec 8, 2015 at 11:23 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
Good morning,
We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com
Thanks for the heads up Laurie. Our club has an investment in LINE. This is another stock that has posed issues for Investment clubs as it issues a 1099 at the end of the year, and not in a very timely manner at that. It would be great if there were a list of tickers that can cause an extra hassle for clubs. Not so much as to tell would be investors to stay away, but more so to educate them on what they are getting into.
~RCR
On Tuesday, December 8, 2015, Laurie Frederiksen <laurie@bivio.biz> wrote:
Good morning,
We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com
Thanks for the heads up Laurie. Our club has an investment in LINE. This is another stock that has posed issues for Investment clubs as it issues a 1099 at the end of the year, and not in a very timely manner at that. It would be great if there were a list of tickers that can cause an extra hassle for clubs. Not so much as to tell would be investors to stay away, but more so to educate them on what they are getting into.
~RCR
On Tuesday, December 8, 2015, Laurie Frederiksen <laurie@bivio.biz> wrote:
Good morning,
We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com
Thanks for the heads up Laurie. Our club has an investment in LINE. This is another stock that has posed issues for Investment clubs as it issues a 1099 at the end of the year, and not in a very timely manner at that. It would be great if there were a list of tickers that can cause an extra hassle for clubs. Not so much as to tell would be investors to stay away, but more so to educate them on what they are getting into.
~RCR
On Tuesday, December 8, 2015, Laurie Frederiksen <laurie@bivio.biz> wrote:
Good morning,
We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com
Thanks for the heads up Laurie. Our club has an investment in LINE. This is another stock that has posed issues for Investment clubs as it issues a 1099 at the end of the year, and not in a very timely manner at that. It would be great if there were a list of tickers that can cause an extra hassle for clubs. Not so much as to tell would be investors to stay away, but more so to educate them on what they are getting into.
~RCR
On Tuesday, December 8, 2015, Laurie Frederiksen <laurie@bivio.biz> wrote:
Good morning,
We try and try to get the word out to your investment clubs to stay away from investing in partnerships like MLP's. Unfortunately, clubs still find out the hard way that they are going to have to hire an accountant to help with their club taxes every year because they've invested in them.
I worked with a club just this morning that had invested in The Blackstone Group L.P. (BX). The L.P. at the end of that company's name is a club that that this is a partnership. They're stuck with the problems now. The best they can do is try and keep them from compounding by selling the investment ASAP.
If you need another reason to discourage your club from falling prey to the sales pitches that are rampant about MLP's, have them read this article:
As always, please contact us at support@bivio.com if you have any questions whether something you are about to invest in is a partnership. We're so much happier when we can help you avoid having an issue than we are when we have to tell you you're stuck in the middle of one.
Laurie Frederiksen Invest with your friends! www.bivio.com