Just wondered what other clubs do when attendance starts to decline and we often end up not having a quorum? We have allowed absentees to send in a report on their stock but that seems to give them license to be absent without guilt. We ...
i apologize for my rant below. i will reframe my previously answered question again, Is there anything legally(SEC/IRS) wrong to have investment club general partnership agreement to reflect unequal profit sharing? or perhaps it may legally correct and morally wrong? example, treasurer may take additional ...
Am trying to run a valuation for a Monday meeting. Have submitted a stock split but the share price has not adjusted. How do I adjust the stock price or when will the database be updated? Thanks
I'm in the process of helping a new investment club get started. We've started to investigate brokerage account requirements (TDA and Scottrade, so far) and some of the answers I'm getting from brokers are not what I anticipated. In particular I have the following questions ...
There is consistently confusion between these two things. All of the brokerages I've dealt with in clubs allow you to use Electronic Bill pay from from a members bank account to send a check to your club brokerage account. To set this up, ask your ...
There is no right answer. People in the club have different tax situations and different needs. If the club has realized losses or wants to get rid of a losing stock I would go with selling the earliest shares so the gain offsets the loss. ...
Hi, My club purchased 100 shares of LKQ back in Nov 2008 at $9.42. In addition we purchased 50 shares in 2009 and again in 2011. The stock has done very well and split in Aug of 2008 giving us 400 shares. We want to ...
Hi Judy, Yes.A You can find a copy of the presentation and a recording posted here: Non Monthly Treasurer Tasks On Mon, Jun 2, 2014 at 1:10 PM, Judy Tallman wrote: Laurie, Is the Sunday session posted where I can print am copy of the ...
We're disbanding after 17 years. No sympathies needed, we're all good with it. Your excellent advice says "The ability to prepare partial year returns is made available sometime in May" but I don't see any special procedure to follow. Do I just use the regular ...
If you filed a general partnership some counties require that you file a termination paper which usually is associated with a fee. I think you also have to file a 1065K and check the box final or terminal. You can and should complete the K-1's. ...
When investment club opens brokerage account as general partnership, some brokerages asks to sign brokerage application and agreement by ALL members. That's ok at beginning. But if a new member joins later on, they ask again to sign form by all member including new one. ...
In unit based system at beginning person A contribute $200 to get 10 units. After six months of growth in stocks value of those unit become $250 or $25 per unit. Now person A want to add $500 more as capital contribution. Should he get ...
Read about unfair taxation in mutual funds. This can very well happen to Investment club also when some member withdraw money. Club as collective efforts is very similar to MF. http://online.wsj.com/news/articles/SB10001424052702303393804579311062915642246 http://www.marketwatch.com/story/tax-law-is-unfair-to-mutual-fund-investors-2010-03-28
Don't forget,A you have an opportunity this Sunday evening to participate in a live webinar discussing the answer to this and other mysteries your investment club treasurer only needs to address every now and then. Since you don't have to handle them regularly, it is ...