Hello,

When does Bivio update the market prices it uses?

We have our meetings around 6pm CST and if I run a Valuation
that eveneing, Bivio still uses the market close values from
the day before.

So we end up using Yahoo, etc. to get our current club
value.

Thanks,

Hi Scott,

> When does Bivio update the market prices it uses?

We wait until 7p MT to update our databases. One thing we haven't
done lately is checked with our data providers to see if they are
providing us data earlier. I'll do that today to see if we can move
the time up.

> So we end up using Yahoo, etc. to get our current club
> value.

As others have noted, we wait for corrections. One of the things we
have to do is run audits on all the clubs after we update the prices.
This takes time so even if we have the prices, your reports would be
incorrect, if you entered member transactions that day.

It's pretty important to understand that our goal is to provide an
accurate NAV (Unit value). This is why we wait for corrections to be
applied by our data vendors before downloading.

Cheers,
Rob

Rob Nagler wrote:
> Hi Scott,
>
> > When does Bivio update the market prices it uses?
>
> We wait until 7p MT to update our databases. One thing we haven't
> done lately is checked with our data providers to see if they are
> providing us data earlier. I'll do that today to see if we can move
> the time up.
>
> > So we end up using Yahoo, etc. to get our current club
> > value.
>
> As others have noted, we wait for corrections. One of the things we
> have to do is run audits on all the clubs after we update the prices.
> This takes time so even if we have the prices, your reports would be
> incorrect, if you entered member transactions that day.
>
> It's pretty important to understand that our goal is to provide an
> accurate NAV (Unit value). This is why we wait for corrections to be
> applied by our data vendors before downloading.
>
> Cheers,
> Rob

Rob Nagler wrote:
> Hi Scott,
>
> > When does Bivio update the market prices it uses?
>
> We wait until 7p MT to update our databases. One thing we haven't
> done lately is checked with our data providers to see if they are
> providing us data earlier. I'll do that today to see if we can move
> the time up.
>
> > So we end up using Yahoo, etc. to get our current club
> > value.
>
> As others have noted, we wait for corrections. One of the things we
> have to do is run audits on all the clubs after we update the prices.
> This takes time so even if we have the prices, your reports would be
> incorrect, if you entered member transactions that day.
>
> It's pretty important to understand that our goal is to provide an
> accurate NAV (Unit value). This is why we wait for corrections to be
> applied by our data vendors before downloading.
>
> Cheers,
> Rob

Thanks for looking into this and if it is possible to move
up the time that would be great.

With everyone now adays getting used to info being updated
on the web, and on their iphones, etc, quickly, they don't
quite understand the delay with Bivio.

Rob Nagler wrote:
> Hi Scott,
>
> > When does Bivio update the market prices it uses?
>
> We wait until 7p MT to update our databases. One thing we haven't
> done lately is checked with our data providers to see if they are
> providing us data earlier. I'll do that today to see if we can move
> the time up.
>
> > So we end up using Yahoo, etc. to get our current club
> > value.
>
> As others have noted, we wait for corrections. One of the things we
> have to do is run audits on all the clubs after we update the prices.
> This takes time so even if we have the prices, your reports would be
> incorrect, if you entered member transactions that day.
>
> It's pretty important to understand that our goal is to provide an
> accurate NAV (Unit value). This is why we wait for corrections to be
> applied by our data vendors before downloading.
>
> Cheers,
> Rob

My club has realized that it's impractical for a valuation statement presented at a club meeting to be both (1) 100% accurate and (2) based on a very recent date. Reports and transactions based on valuation dates are always subject to later correction due to clerical errors or omissions.

My club doesn't consider any valuation "finalized" until after the accounting records have been verified against the broker statement (several weeks after the valuation date). We use the club meeting date as the valuation date because we consider that the most appropriate way to establish the number of units purchased by member investments.

If we need to make investment decisions at a club meeting based on current stock prices, we don't expect to find those prices on the valuation statement presented at the meeting.

-Jim Thomas


--- On Mon, 10/27/08, Lynn Ostrem <garbagecop@gmail.com> wrote:

> There are times when I wish the prices were updated
> in real time, but I know that's not possible. I know
> of very few clubs that use the same day as their club
> meeting to value their portfolios. Many of us run
> other portfolio reports, too, and 30 minutes after
> close just isn't enough time to get everything done.
>
> If your meeting is on Sunday or Monday, you may want
> to consider using Friday close as your "official"
> valuation date for the purposing of buying and
> selling units and running club accounting reports.
> That's what we use for our Tuesday meeting.



      

Our club uses the last business day of the month as our official valuation,
although we meet later the next month. We do run a portfolio valuation on
Yahoo or Quicken to get the closing amounts of each of our stocks on the day
of our meeting for discussion at the meeting.

Henri



My club has realized that it's impractical for a valuation statement
presented at a club meeting to be both (1) 100% accurate and (2) based on a
very recent date.

Scott H Kaiserling writes:
> With everyone now adays getting used to info being updated
> on the web, and on their iphones, etc, quickly, they don't
> quite understand the delay with Bivio.

Don't forget about the Yahoo! link on your investments page. It will
give you real-time updates of your portfolio.

Cheers,
Rob

Rob,
Thanks for this info. I had seen the Yahoo link on Bivio, but had not used
it. I just tried it. That's really neat. It has all the quotes for your
portfolio in Yahoo. Glad you brought this to my/our attention.
Henri(etta) Russell



Don't forget about the Yahoo! link on your investments page. It will give
you real-time updates of your portfolio.

Cheers,
Rob