club_cafe: Re: Why do fees count against IRR?

iras1 on

What would you rather do with it? The partner who pays the fee has contributed money to the club and gotten nothing for it. (This is a bit of an oversimplification, but the concept is correct).

Ira Smilovitz

In a message dated 1/16/2004 12:03:27 AM Eastern Standard Time, cyfan2000@bivio.com writes:

Let me explain my "Huh". I know the fee is being treated as
an investment. Thus my question...WHY is a FEE treated as
an investment. Better said, why have a concept of a fee if
it throw into the investment bucket with everything else?
It is pointless.

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