Our club of 50 plus members is made up of only residents who live in our senior condo development. We meet monthly in our clubhouse, with weekly research meetings. We average about 21 people at the monthly. Only a handful actually contribute to discussions. Most ...
Hi, expert, please help us. Our problem is that the investment club president changed Valuation date and Net Asset Value from retrospectively from May 2011 to Oct 2013. Our investment club Partnership Agreement (bylaw) states: The current value of the assets and property of the ...
How do these withdrawal fees compare to other clubs? "The withdrawing partner will incur all expenses of this liquidation and receive 95% of the proceeds."
In response to a few questions. 1. Yes our club has a TIN for all required tax reporting purposes 2. All dividends/interest are distributed according to ownership. 3. Minors can legally join an investment club under certain rules. Minor accounts are set up as custodian ...
We have over 50 members so the tax returns run a few hundred pages with all the k-1's. Cost to print for paper and ink plus mailing costs for the returns adds to around $100. I suggest a fee of from 5 to 15 dollars ...
Hello and congratulations to all of you who have been in longstanding clubs. My question is: How regularly do you meet? and what do you do when no one shows for several meetings in a row? On Friday 20/06/2014 at 11:39 am, Susan Maciolek wrote: ...
There are costs associated with withdrawals that no one seems to be taking into account. A tax return needs to be printed and mailed, as well as K1's distributed. The withdrawing partner should share some of those expenses by paying a small withdrawal fee depending ...
Whilst we have several members whom have been in the club a lot longer than the recently joined members and therefore a higher overall percentage we still only allow one member one vote. This has never caused an issue. Ivor Hill Sirius Investment club Pueblo, ...
I just re-read your message and still have a lot of questions: Is your investment club a tax-identified partnership? Are dividends and earnings distributed according to ownership share or informally? Can minors legally join a partnership? Can as few as six people make the decisions ...
Our club is in NY. Most members are not very knowledgeable and rely on the advice of a small group. About half respond to buy and sell votes by email in between meetings. Recommendations by our research committee are followed most times. Research can also ...
Thanks for that info. On Monday 23/06/2014 at 8:04 pm, Jeanne Tieken wrote: Aside from all expenses incurred, our withdrawing member receive 95% if they voluntarily withdraw, but 100% if they die. On Mon, Jun 23, 2014 at 6:45 PM, Mary Moriarty < mmoriarty@crocker.com > ...
I have been investing for the better part of four decades. A A lot has changed in that time. A My favorite thing that has changed is commissions. A Some of my first brokerage trades had commissions that were equal to 10% of the trade. ...
Our club left Better Investing last year. We felt that for the same money and better value we could subscribe to Value Line. The SSG was difficult for us and was subjective and historical. With Value Line, although they do not have a club subscription, ...