Get Must Current Prices Valuation Statement

Byron Williams on

I have not yet been able to find out how or if I can create
a Valuation Statement based on the current prices. It seems
that the they are based on the prices of the past days
closing price. Is there a way to enter the prices manual.

The problem I'm trying to solve is one created by our
monthly meeting being on a weekday evening and me not being
able to bring in the prices as of the close of market on the
night of the meeting.

Byron

Rip West on

Bryon,

I'd say you were being a little hyper<g>. In the olden days, before computers, we used to prepare a valuation statement that could be 1 week previous to the the meeting date. You are in an investment club, where buy and hold is the norm. The fluctuations between yesterday's and today's close should not be that crucial.

Also, what is the date of the valuation that is going to be used for awarding the units for payments received at the meeting. If it is the meeting date, then I can see that you have a problem. You could solve it either by changing your agreement so that it is the day before the meeting, or manually getting the prices and putting them in. Or, you could even show yesterday's valuation, and then use the meeting date for the date of awarding. After all, in an online club, they can all get their own valuation statement as of any day.

Rip West
Saint Paul, MN

Jim Thomas on

> The problem I'm trying to solve is one
> created by our monthly meeting being
> on a weekday evening and me not being
> able to bring in the prices as of the close
> of market on the night of the meeting.

Valuation statements are always subject to later change to
correct mistakes. Having a weekday meeting using the
meeting date as the valuation date just makes it more
obvious that the valuation presented at the meeting can not
be guaranteed to be 100% up-to-date. My club doesn't
consider ths to be a problem (we too meet on a weekday
evening and use the meetig date as the valuation date).

Do you also track down dividends that might have been paid
on the date of the meeting and enter them into bivio before
the meeting?

I suggest that your club accept the fact that the valuation
statement available to be presented at the meeting will not
be 100% up-to-date. The prices will be updated overnight
and when you enter member deposits using the meeting date as
the valuation date, the correct prices will be used to
allocate units. If you later enter dividends that got paid
on the meeting date (or just before) that you hadn't entered
before the meeting, the units awarded for that meeting will
be adjusted accordingly (because the dividend will change
the valuation).

Or, what if you discover months later that you forgot to
enter a dividend altogether (or entered it for the wrong
amount, or entered it twice, or any of a number of other
possible mistakes). Making these sorts of corrections can
change prior valuations and the number of units allocated.

-Jim Thomas

Byron Williams on

Jim, Rip,

Points well taken. I've been call anal but never Hyper. I
like hyper much better (LOL!!). I can move in that direct
with the club however I still think there is some value in
capturing the valutation based on realtime data. There's
just something neat about reatime data. The "hyper" folks
can hit refresh every 10 minutes to see their value.

The ONE thing that I like about the competition is that they
have a homepage view of the portfolio custmized showing
value of the club in realtime and the value for the member
who logged on. This is a nice way to begin the club homepage
(not the main bivio page; I like that one) given that most
people in the club don't want to look much further than the
holdingsof the club and their value.

I'll say more about this as my evaluation and recommendation
of which online outfit to go with for the club is complete.

Byron

Jim Thomas wrote:
> > The problem I'm trying to solve is one
> > created by our monthly meeting being
> > on a weekday evening and me not being
> > able to bring in the prices as of the close
> > of market on the night of the meeting.
>
> Valuation statements are always subject to later change to
> correct mistakes. Having a weekday meeting using the
> meeting date as the valuation date just makes it more
> obvious that the valuation presented at the meeting can not
> be guaranteed to be 100% up-to-date. My club doesn't
> consider ths to be a problem (we too meet on a weekday
> evening and use the meetig date as the valuation date).
>
> Do you also track down dividends that might have been paid
> on the date of the meeting and enter them into bivio before
> the meeting?
>
> I suggest that your club accept the fact that the valuation
> statement available to be presented at the meeting will not
> be 100% up-to-date. The prices will be updated overnight
> and when you enter member deposits using the meeting date as
> the valuation date, the correct prices will be used to
> allocate units. If you later enter dividends that got paid
> on the meeting date (or just before) that you hadn't entered
> before the meeting, the units awarded for that meeting will
> be adjusted accordingly (because the dividend will change
> the valuation).
>
> Or, what if you discover months later that you forgot to
> enter a dividend altogether (or entered it for the wrong
> amount, or entered it twice, or any of a number of other
> possible mistakes). Making these sorts of corrections can
> change prior valuations and the number of units allocated.
>
> -Jim Thomas

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