club_cafe: archived files
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club_cafe: archived files In a message dated 5/16/2007 11:44:03 A.M. Eastern Daylight Time,
royals@bivio.com writes:
I know you can go back and compare end of month's valuation You can generate a valuation report for any date you want at any time you
want.
Ira Smilovitz See what's free at AOL.com. It isn't getting bivio's valuation as of the third
Saturday that would be a problem, it would be getting your brokers figures,
unless you copy off their history and market valuation on that date yourself, at
the time it occurs. Gene Rooks Thank you Ira for your prompt
reply.
Our club's president was reviewing our
club's audit reports for previous years and comparing various valuation reports
to our stock brokers reports on line for the third Saturday monthly
meetings. He was comparing 2005 reports.
The bivio valuation reports on-line did
not agree with the reports on file.
The bivio reports for the third
Saturday did not have the same stock prices as the reports on file.
However, the end of months reports jibed.
The bivio valuation report has a
disclaimer at the bottom left of the valuation report that states: "The
following investments do not have the current valuations."
I don't know how to answer our club's
president question as to why bivio stock prices don't agree with the
brokers report. Why can't bivio get the correct stock prices for any date
requested?
Roy
Thank you Gene for your reply. See my reply to Ira.
Our president has the brokers third Saturday reports and CA3 valuation
reports and was comparing that to bivio's valuation reports. We were using
IClub's CA3 and we are relatively new to bivio. He wanted to learn more
about bivio so he was looking at bivio's various accounting functions.
Roy
Royal Schnell writes: > I don't know how to answer our club's president question as to why > bivio stock prices don't agree with the brokers report. Why can't > bivio get the correct stock prices for any date requested? The problem here is there is no definition of "correct". It would be ideal if all the stock exchanges provided data files that were correct, but they don't. bivio always agrees with Yahoo! and other large financial sites, which all use Commodity Systems, Inc. as their data source. Brokers, esp. discount brokers, are always looking for ways to save money. They will use a cheaper feed, because providing accurate market valuations is not their line of business. They are responsible for brokering stock transactions. bivio is in the business of tax accounting, and therefore, we need accurate valuations, which is why we spend a significant amount of money on Commodity Systems' data. Cheers, Rob |
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