My opinion - free trades (or any 'free' incentive) should not hit the income statement. You buy 100 shares of stock for $10.00. Put it in as 1,000 (with zero commission). How can this affect the cost basis or income statement? If the new broker ...
We recently changed brokers and got several free trades. They are showing up in bivio as income, but I feel they should be adjustments to the basis of the stocks bought and sold. Am I right and how do I go about doing it? Thanks, ...
How many clubs are hiring an outside accountant to review your data? I see no need for such an event to occur. Our Treasurer is responsible for keying data into Bivio and making sure the reports tie out to broker and bank statements. Each quarter ...
I'm trying to understand 'Exporting Data' and XML and not having a lot of success. Okay, I've downloaded the data as an XML file. If I open it in a browser it just comes up a whole lot of text means nothing to me. If ...
You make a "misleading" statement below "However, in WCOM's case I believe the stock is clearly worthless." If you meant that in your opinion, the company will not revive and will not regain value, that is a valid opinion. If you meant that the stock ...
Yes, it poses problems if you do not make payment before 12/31. In a nutshell, the IRS does not consider the member to be withdrawn until the money is paid. See the following for more information: http://www.bivio.com/trez_talk/mail-msg?t=11277600003 http://www.bivio.com/trez_talk/mail-msg?t=11213900003&s=1 Ira Smilovitz In a message dated 12/01/02 ...
At our last meeting several of our members wanted to sell WCOM because of the loss we occurred, and the fact that WCOM is going bankrupt or has already gone bankrupt. It was brought to our attention that the stock is still trading. We could ...
The buy out date of a member is 10/21/02. We have six months to sent her check. I have already entered the buy out. Does this pose any problems for the end of the year taxes for her or the club if we send the ...
How can I have a stock that in my holdings I'm up 10% on, but when I go to the investment performance report the Annualized IRR shows a negative 53%? Any help would be appreciated.
I think the expense ratio is a good item to track. However, you are comparing apples to oranges when you are then taking your expense ratios and comparing them to actively managed mutual funds. The fees quoted for mutual funds do not include many of ...
We also have 2 accounts, and both are interest bearing. One we use at State Discount for check writing, while the other (BuyandHold) is used for stock purchases. Both accounts were opened with only $20. Maintaining both accounts are very easy using Bivio. B- Original ...
We are a club that, due to geographical reasons, cannot meet as much as possible. We would like to explore the possibility of conducting meetings online, in a private chat room. However, we do not know where to begin in regards to this. Are there ...
We are using Harris Direct and have no issues. Online brokers used to experience 'down time' or crashes back in 1998-1999. Some alleged savvy traders used to tout the two and three brokerage accounts as a way to conduct 24/7 trading. I am trying to ...
Our club is doing a lot of reorganization at this time. One of the problems we have always had is when to sell a stock. We would be interested in any criteria that other clubs have used in making this decision.
There is the easy method and the more complex method. An easy computation is to take total dollars collected less total dollars invested and divide by total assets on hand. This will capture fees, dues and other brokerage related transaction costs. If you take money ...