I would be interested if other clubs calculate their expense ratio to determine club cost effectiveness. In our early years we exceeded 2% due to the start up costs associated with starting a club. We have slowly declined expenses and raised investments - but we ...
Can one you tell me how you are computing your expense ratio? We are currently not doing this, but it is something I would like to do for our club. Thanks, Barbara Burgess, Treasurer MET
How many of you are maintaining two brokerage accounts? Please share your reason(s) for maintaining two brokerage accounts. We are in the process of leaving TD Waterhouse because of excessive fees and high commissions. One of our partners would like to keep them as a ...
Barbara, I can't think of a good reason to maintain two accounts for a small club. As you stated, you will be paying inactivity fees to TDWaterhouse, in addition to any trading fees/commissions at Ameritrade. If you have any problems at Ameritrade, you won't be ...
I've always wanted to manage my own mutual fund. I think this may be just the avenue I need to start. I have over 5 years investment experience. I currently reside in Massachusetts. Any monthly contribution will work. I'm not sure how to prove this ...
Just finished "Take on the Street: What Wall Street and Corporate America Don't Want You to Know -- What You Can Do to Fight Back" by Arthur Levitt with Paula Dwyer. The book is shorter (300 pages) than its title suggests. What I like most ...
DRE will be paying a dividend on 11/28. If you still owned IR as of the market close on 11/18, it will pay a dividend on 12/2. PAYX paid its dividend on 11/15. MO should go ex-dividend in mid-December. You can enter the DRE (and ...
No. You would have had to own it at the close of the market on 11/18. Ira Smilovitz In a message dated 11/20/02 7:04:55 PM Eastern Standard Time, minesman@bivio.com writes: Thanks Ira. One last one. The IR shares were sold the morning of 11/18 (aapprox ...
Our ckub has decided to disband effective 11/15. I am in the process of liquidating the portfolio. This should be complete by months end. Will I be able to print K-1's this year for 2002 activity or will I have to wait until January? I ...
I can't speak for bivio's schedule for releasing the tax software, but I wouldn't expect it much, if any, before December 31. In any event, that is irrelevant because if your club disbands in November, you have until 3/17/03 to file your final 1065. I'm ...
I couldn't agree with Lynn more. Original Message From: Garbagecop [mailto:garbagecop@foxinternet.net] Sent: Monday, November 18, 2002 10:01 PM To: The Club Cafe Subject: Re: club_cafe: New Club Looking to start Brandon, Please don't start an investment club. This is not the vehicle you are looking ...
Any clubs out there out there who would be intrested in having a multi club meeting. We are all after the same thing, profits. Why not get together and share ideas on stocks, accounting, and ideas in general. Please E-mail, Kevin Duffy ( In the ...
Based on the disclaimer at the bottom of your note - you certainly don't need any additional legal advice. In all seriousness, internal control is important for investment clubs. We have different members who are able to> sign checks, make trades and deposit money. Broker ...
There are lots of legal issues associated with investing money for others, the main one being - what happens when you lose money? Anyway, you'd need to meet with an attorney to determine things like structure and registration requirements. A club is able to remain ...