Investments with tax issues
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Investments with tax issues Our club is considering two investmetns that we want to be sure will not cause tax issues with our use of bivio software. could you tell me if REMX or GDXJ would cause a problem for us? Thanks. Janet, both of these are Exchange Traded Funds (ETFs), which should be just fine. I have been following the Van Eck fund. They have an exceptionally good management team.
Lynn Ostrem
Crow River Investment Club
On Thu, Mar 3, 2011 at 1:18 PM, Janet Pope <janetpope@bivio.com> wrote: Our club is considering two investmetns that we want to be -- Lynn Ostrem Resource Management Group, Inc. 4439 McAllister Av NE St.Michael, MN 55376 Office: 763/497-5153 Fax: 763/497-5838 Cell: 612/750-4943 garbagecop@gmail.com ETFs are not necessarily "just fine". You have to review the prospectus carefully. Some ETFs have tax consequences like common stock and/or mutual funds. Others like GLD and SLV have many associated headaches. Others which are commodity related have very different tax treatments.
Ira Smilovitz Join me at InvestEd 2011 In a message dated 03/03/11 14:34:14 Eastern Standard Time, garbagecop@gmail.com writes:
Thanks for the correction, Ira. It was my understanding that ETFs that hold shares of stock, like REMX, are treated like a mutual fund and would, therefore, be an acceptable equity. But ETFs like SLV that buy physical commodities (silver bullion, in this case, stored in a Goldman Sacs bank in London), and not shares of underlying stocks, have different tax treatments. So is that correct? Or maybe a better question would be, what makes an ETF an acceptable equity for the bivio software?
Lynn O.
On Thu, Mar 3, 2011 at 1:43 PM, iras1 <iras1@aol.com> wrote:
In a message dated 03/03/11 14:34:14 Eastern Standard Time, garbagecop@gmail.com writes:
-- Lynn Ostrem Resource Management Group, Inc. 4439 McAllister Av NE St.Michael, MN 55376 Office: 763/497-5153 Fax: 763/497-5838 Cell: 612/750-4943 garbagecop@gmail.com Dear Lynn, bivio is designed to account for and prepare taxes for investments in stocks and stock mutual funds and ETF's. Here is an interesting writeup about some of the different types of ETF's out there: http://seekingalpha.com/article/250540-etfs-and-taxes-not-all-exchange-traded-products-created-equal?source=article_lb_author_1_sc341 We welcome any questions about specific investments a club might be considering. We'd far rather do the research for you before the fact than have to tell you that you've got a problem with something you've inadvertently gotten into. -- Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio What was implied, but not explicit, in your earlier reply was REMX held common stocks. If that's what it holds, then there shouldn't be any problems. I didn't do any research to determine what REMX held.
Ira Smilovitz Join me at InvestEd 2011 In a message dated 03/03/11 14:57:04 Eastern Standard Time, garbagecop@gmail.com writes:
Wow! Thanks to Laurie for the Seeking Alpha article on Exchange-Traded vehicles. That will be very helpful to me, personally, as I have been looking at a variety of specialty ETFs.
Ira, implied or explicit, I'm so glad you warned us. I'm also glad you, Laurie and Rip are watching over us. It's a terrific offer to have the bivio tech staff help decipher which investments will be acceptable BEFORE we buy them.
Thanks guys,
Lynn O.
UNSUBSCRIBE On Thu, Mar 3, 2011 at 11:18 AM, Janet Pope <janetpope@bivio.com> wrote: Our club is considering two investmetns that we want to be -- Andy Huang |
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