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IraS1@aol.com wrote:
> What form?
>  
> Ira Smilovitz
>  
>
> In a message dated 03/26/08 1:14:12 P.M. Eastern Daylight Time,
> mjgreenberger@bivio.com writes:
> I am
> having some issues starting our investment club in NY
> as a partnership. One
> issue is that the form needs to be
> notarized with all members there. There
> is no way I can get
> all 10 members in front of a notary at the same
> time.
> Also, the form only has space for 6 people.
> How did people solve
> these problems in their clubs? Or am I
> just getting bad
> information?
>
>
>
> Create a Home Theater Like the Pros. Watch the video on AOL Home.

It seems to me I remember reading about that comparing the percentage
change in unit value against the percentage change of an index like the
S&P 500 was not valid. Is this correct? Can someone give me an example?

Thanks,
Dan Richmond

Hi Dan,
> It seems to me I remember reading about that comparing the percentage
> change in unit value against the percentage change of an index like the
> S&P 500 was not valid. Is this correct? Can someone give me an example?

This is correct. Here's a message from 2001 on the subject:

http://www.bivio.com/club_cafe/mail-msg?t=12791400003

I think if you search on "unit value" in the bivio search box, you'll
find more than enough information on the topic:

http://tinyurl.com/2y5lcm

There is, of course, an accurate way to compare your performance to
another fund's, and that's only available on bivio. It's called the
Performance Benchmark Report. You can read the help here:

http://www.bivio.com/hp/benchmark-report.html

Here's a live comparison of the bivio's Club Index:

http://www.bivio.com/club_index/accounting/reports/benchmark?date=03/27/2008&b=1/1/2007

You might want to read our talk "The Only Performance Number You Need":

http://www.bivio.com/club_cafe/files/TheOnlyPerformanceNumber.pdf

My personal opinion is the opposite: You have an ethical obligation to
compare your performance to the S&P 500. However, it's important to
have the right tools, and bivio's Performance Benchmark Report is one
of the best tools out there, imiho. :-)

Cheers,
Rob