Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Do not invest in REITS if you want to keep your treasurer sane!--
Dene Miller Alden
287 Beech Road, Loveland OH 45140
513-476-6747
Kevin Gillogly on
Why????
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mike & Kim Potter via bivio.com Sent: Tuesday, May 24, 2022 12:34 PM To: The Club Cafe <club_cafe@bivio.com> Subject: [club_cafe] REITs for investment clubs
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Mike & Kim Potter on
Dene,
That's funny since I'm the current (outgoing) treasurer!! Our club works very hard to keep the treasurer sane, actually!
Kim
On Tuesday, May 24, 2022, 12:37:40 PM EDT, Dene Alden via bivio.com <user*12582000001@bivio.com> wrote:
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Do not invest in REITS if you want to keep your treasurer sane!--
Dene Miller Alden
287 Beech Road, Loveland OH 45140
513-476-6747
Mike & Kim Potter on
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
Thanks, Kim
On Tuesday, May 24, 2022, 12:55:42 PM EDT, Kevin Gillogly via bivio.com <user*9886100001@bivio.com> wrote:
Why????
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Kevin Gillogly on
There is always one (or two) club members that have these "great ideas" and on the surface the club will quickly agree but fail to realize the consequences of their decisions.
Anyone in either of my clubs that propose REITs or MLPs I will add an amendment to their proposal. It is that I will immediately resign my position as treasurer and elevate the "great idea" person to treasurer.
This is a good reason to have an Investment Policy Statement in your club to save your club from the "great idea" partner. Or look at this YoutTube webinar from Doug Gerlach on using an (IPS).
Again, go back to the "great idea" partner and their allies and ask my original query: why? What does the club gain besides "diversification".
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of
Dene Alden via bivio.com Sent: Tuesday, May 24, 2022 12:37 PM To: club_cafe@bivio.com Subject: [EXTERNAL] Re: [club_cafe] REITs for investment clubs
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Do not invest in REITS if you want to keep your treasurer sane!--
Dene Miller Alden
287 Beech Road, Loveland OH 45140
513-476-6747
Kevin Gillogly on
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy? Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Mike & Kim Potter on
Kevin,
Boy, you really jumped to some major conclusions here. Nowhere in my question did it even imply that this person was recommending this stock for our club. He is a relative visiting me in our home. He's not in any position to make ANY major investment decision for our club. Nor would our club even operate that way. He mentioned it to me and I took a quick look at the SSG to see if it was worth ME looking further into it before bringing it to our club. And if that even happened we have always followed a procedure to put any suggested stock on a watch list from which we choose a stock to do an industry study on. After that we look at the 2-4 stocks in the study and vote to choose the best of the bunch. And then, if it's in the buy zone, we might purchase it.
Kim
On Tuesday, May 24, 2022, 01:48:33 PM EDT, Kevin Gillogly via bivio.com <user*9886100001@bivio.com> wrote:
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy? Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
John Rice on
REITs are fine in an individual account with a small headache but not in an investment club account. I have some in my personal account but MLPs are in a different ball park. With MLPs there are a lot of tax consequences and you will be filing taxes in multiple states. I stopped buying MLPs in my personal accounts.
Boy, you really jumped to some major conclusions here. Nowhere in my question did it even imply that this person was recommending this stock for our club. He is a relative visiting me in our home. He's not in any position to make ANY major investment decision for our club. Nor would our club even operate that way. He mentioned it to me and I took a quick look at the SSG to see if it was worth ME looking further into it before bringing it to our club. And if that even happened we have always followed a procedure to put any suggested stock on a watch list from which we choose a stock to do an industry study on. After that we look at the 2-4 stocks in the study and vote to choose the best of the bunch. And then, if it's in the buy zone, we might purchase it.
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy? Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Chuck Kim on
I agree with John. MLPs have been tax headache for me. I'd stay away from them.
Chuck
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com]
On Behalf Of John Rice via bivio.com Sent: Wednesday, May 25, 2022 6:38 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] REITs for investment clubs
REITs are fine in an individual account with a small headache but not in an investment club account. I have some in my personal account but MLPs are in a different ball park. With MLPs there are a lot of tax consequences and you will
be filing taxes in multiple states. I stopped buying MLPs in my personal accounts.
Boy, you really jumped to some major conclusions here. Nowhere in my question did it even imply that this person was recommending this stock for our club. He is a relative visiting me in our
home. He's not in any position to make ANY major investment decision for our club. Nor would our club even operate that way. He mentioned it to me and I took a quick look at the SSG to see if it was worth ME looking further into it before bringing it to
our club. And if that even happened we have always followed a procedure to put any suggested stock on a watch list from which we choose a stock to do an industry study on. After that we look at the 2-4 stocks in the study and vote to choose the best of the
bunch. And then, if it's in the buy zone, we might purchase it.
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach
for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever
a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy?
Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires
in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little
about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good,
strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Randy Purvis on
As my club treasurer, and a CPA, I told the club if they wanted to invest in any publicly traded partnerships that I would resign and they could find a new treasurer.
Randy
Sent from my iPhone
On May 25, 2022, at 10:44 PM, John Rice via bivio.com <user*24380400001@bivio.com> wrote:
REITs are fine in an individual account with a small headache but not in an investment club account. I have some in my personal account but MLPs are in a different ball park. With MLPs there are a lot of tax consequences and you will be filing taxes in multiple states. I stopped buying MLPs in my personal accounts.
Boy, you really jumped to some major conclusions here. Nowhere in my question did it even imply that this person was recommending this stock for our club. He is a relative visiting me in our home. He's not in any position to make ANY major investment decision for our club. Nor would our club even operate that way. He mentioned it to me and I took a quick look at the SSG to see if it was worth ME looking further into it before bringing it to our club. And if that even happened we have always followed a procedure to put any suggested stock on a watch list from which we choose a stock to do an industry study on. After that we look at the 2-4 stocks in the study and vote to choose the best of the bunch. And then, if it's in the buy zone, we might purchase it.
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy? Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good, strong cogent reason for adding REITs to a portfolio.
Any clubs invest in REITs? Are there any problems with doing that? Especially at tax time?
I know it's not a standard investment for us.
Thanks
Kim Potter
BI Brighton Model Investment Club
Mike & Kim Potter on
No problem. Just wondering.
Kim
On Thursday, May 26, 2022, 09:32:47 AM EDT, Chuck Kim via bivio.com <user*39264500001@bivio.com> wrote:
I agree with John. MLPs have been tax headache for me. I'd stay away from them.
Chuck
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com]
On Behalf Of John Rice via bivio.com Sent: Wednesday, May 25, 2022 6:38 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] REITs for investment clubs
REITs are fine in an individual account with a small headache but not in an investment club account. I have some in my personal account but MLPs are in a different ball park. With MLPs there are a lot of tax consequences and you will
be filing taxes in multiple states. I stopped buying MLPs in my personal accounts.
Boy, you really jumped to some major conclusions here. Nowhere in my question did it even imply that this person was recommending this stock for our club. He is a relative visiting me in our
home. He's not in any position to make ANY major investment decision for our club. Nor would our club even operate that way. He mentioned it to me and I took a quick look at the SSG to see if it was worth ME looking further into it before bringing it to
our club. And if that even happened we have always followed a procedure to put any suggested stock on a watch list from which we choose a stock to do an industry study on. After that we look at the 2-4 stocks in the study and vote to choose the best of the
bunch. And then, if it's in the buy zone, we might purchase it.
OMG, you have a non club member ready to make MAJOR investment decisions for a club that they are not a part of??? In what universe is that a reasonable approach
for all the club members that will be impacted by this "stellar helper" fantastic idea.
Sorry, I grew up in the midwest. Midwesterns tend to be very nice and tolerant of newcomers and visitors. This idea needs to be shut down completely. Whenever
a visitor is giving us "great ideas" they need to first pass a test of what is an investment club. Do you have an FAQ or Mission Statement or Investment Policy Statement to share with them? Are they even a member of BI? What is their investment philosophy?
Does it match what the club is trying to do? Someone in the club needs to discuss this "offline" with your "idea" person. After discussing the aforementioned statements of the club, he (I am assuming this is a man) will even adjust to what the club desires
in a new member or he goes off on his own.
Kevin, actually someone not involved in investment clubs recommended it the other day. I decided to take a look at it not realizing that it was a REIT which I know very little
about. The SSG looks like something we could be interested in studying but I questioned the REIT. So it looks like it's not club material. (he also loves Walmart - but for the life of me I can't understand why after looking at the SSG.)
What do you gain by investing in REITs that you cannot get in other stocks? And the answer should be something other than "diversification". So give a good,
strong cogent reason for adding REITs to a portfolio.