If you owned GM stock before it went through bankruptcy, you received shares in what became known as Motors Liquidation Company (MLTQQ). It finally stopped trading on pink sheets in 2011. This means that you probably have a loss which you should take on your ...
Just a reminder that the due date for filing your investment club tax returns this year is tomorrow, April 17. You get an extra day this year due to a Federal holiday today. If you need to also file state returns, make sure to double ...
Reorg fees should be entered as a negative return of capital, not an expense. Ira Smilovitz In a message dated 4/14/2012 3:33:04 P.M. Eastern Daylight Time, lscham8531@yahoo.com writes: Hi Laurie, I checked acc't sync from TDA to Bivio 1.A return of Capital of $186.86 2.A ...
We rarely have more than 1% in cash. Occasionally, we will have more if we can't agree on an investment one month. If we don't have a new investment in mind, we add to whichever current holding has the best prospects and isn't overweight in ...
We owned 120 shares of MHS. We now have 97 shares of ESRX and our cash balance increased by $3,456. I noticed that this transaction was not automatically imported to our Bivio account. Therefore I entered two transactions: (1) Merger of ESRX resulting in 97 ...
At this time of year, you've got to love any article which begins: "No taxation without obfuscation. It's the American way." http://management.fortune.cnn.com/2012/04/11/your-taxing-irs-faq/ Enjoy! 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 Click here to Subscribe to ...
Quite a few of you owned Medco (MHS), and have been asking us how to account for their recent merger with Express Scripts. This was a cash plus stock merger, so it may have brought you taxable gains which you will need to recognize in ...
Laurie, Nice write up. Now if only it would convince clubs not to invest in these entities. Ira Smilovitz In a message dated 4/4/2012 3:16:25 P.M. Eastern Daylight Time, laurie@bivio.biz writes: Some of you have wondered why we recommend against you investing in the commodity ...
I use Finviz to help screen stocks. It has lots of screening tools available, especially the Fundamentals tab where you can screen for P/E, sales, etc. and set min/max to reduce the number of stocks. It should be listing on the tools list because it ...
Hi Everyone, Our friends at Trefis are offering a webinar on April 11 that you might be interested in attending. Their webinar series is usually available only to Trefis Pro subscribers, but they're opening this one to everyone. They'll be discussing 4 stocks which many ...
Hi Everyone, If you missed the Introduction to E*Trade webinar, the recording is now posted here: Introduction to E*Trade It gives you a good overview of the different services your club can access if you are an E*Trade customer. This includes a demonstration of research ...
Some of you have wondered why we recommend against you investing in the commodity ETFs GLD and SLV in your investment clubs. For your information, I've attached a sheet of instructions for the accounting and tax reporting issues you will need to handle if you ...
There is no maximum. If you reach 100, you may need to register with the SEC. Ira Smilovitz In a message dated 4/3/2012 7:39:56 P.M. Eastern Daylight Time, claude-roxie@hotmail.com writes: What is the maximum number of members allowed in an investment club?
There is no benefit to registering as an LLC, only additional costs. TDAmeritrade will accept general partnership investment clubs as clients - at least here in NJ. Ira Smilovitz In a message dated 3/30/2012 2:24:02 P.M. Eastern Daylight Time, leovalencia10@gmail.com writes: Greetings, I wonder if ...