Communications
trez_talk
HelpRegister
How to transfer stock to withdrawing members of a club.
Recently Tim K. Kessler asked Our club's by-laws allow the transfer of securities to a withdrawing member. However, most of our members do not have brokerage accounts and invest in the stock market only through our club. How does a club handle a withdrawal for ...
1 message
IRS Publications 541 and 550 now available
The two most commonly cited IRS Publications relative to investment clubs are IRS Publication #541 - Partnerships and IRS Publication #550 - Investment Income and Expenses The latest versions (1999 tax year) of each are available in the Trez_Talk files area. You'll find them in ...
1 message
Spinoffs and Mergers - cost basis allocations and tax considerations
Corporate mergers and spin-offs are the source of many questions from individuals and investment clubs. These questions usually focus on the calculation or allocation of cost basis and the determination of the holding period related to the sale of a security that was obtained as ...
1 message
Refundable Fees - A Reader Dares to Disagree <g>
Deborah Kearney courageously <g> disagrees with a recent column on non-refundable fees. She says I disagree - a fee is a fee is a fee. Well, each club, of course, is free to set its own policy. Having dealt with these questions for many years, ...
1 message
Yeah, But How About Non-Refundable Fees
No sooner is the cyber space ink dry on my final, definitive treatise on fees than a reader chimes in, Yeah, but how about non-refundable fees. Our agreement calls for a $100 non-refundable fee to be paid by all members when they come into the ...
7 messages
Fees - Once More Into the Fray
Entering members' fees continues to create confusion for club treasurers. Although we have written other columns on this subject, I am going to try, once more, to shed some light on this difficult topic. We are talking, here, about fee assessments against members, which will ...
1 message
Basic Accounting Concepts
Some users are having trouble figuring out how to enter certain transactions. Maybe I should dwell upon a few basic concepts in investment club accounting. When you go to Accounting in bivio, there are five different sections from which to choose - Accounts , Investments ...
1 message
Your club account as an IRA????
Recently several people have asked about IRA's within an investment club. For example I would like to find out on how to set up IRA/Roth IRA account and offer this benefit of tax deferrel/avoidence to our club members. I understand each one of us can ...
1 message
Beardstown Ladies
A reader recently wanted to know where to start in researching the Beardstown Ladies Any research of the Beardstown Ladies should start with their book The Beardstown Ladies' Common-Sense Investment Guide : How We Beat the Stock Market-And How You Can, Too You can get ...
1 message
Monitoring Committee for Emergencies
A reader raised the question of whether or not a monitoring committee should be set up to react quickly to unfavorable news about one of the holdings of an investment club. This would only be for an emergency situation. We were thinking of a core ...
1 message
Investment Club Liability
Margaret Eskew writes Given the litigious nature of our society, what vehicle can an investment club use to protect individual members from being sued for the debts of other members of the group? Is a limited partnership or an LLC the safer vehicle? No argument ...
1 message
Compufest 2000 - Personal Reflections
I thought it might be interesting for readers of this column to get a look at Compufest 2000, which was just held in Albuquerque, through my eyes. Understand that this is strictly how the affair struck me. It is not intended to be an impartial ...
1 message
Bank and broker issues for a new club
The following was sent to the Trez_Talk inbox. It brings up some valuable considerations for a new club. Guy Russell wrote, I thought we planned our group very well, but we seem to keep hitting alot of obstacles. Maybe these questions are some that others ...
1 message
Accounting Software for Investment Clubs
From the Trez_Talk mailbag Our club is organizing and we have all the legal/tax stuff done. Accounting software is our next priority. Can you recommend software from a company other than NAIC which costs $ 211.00 for non Members ? Sure! You can do your ...
1 message
Getting Started: Establishing a cash/checking account for an investment club
Debbie Brown wrote We are just getting started on setting up this club. I want to know how we set up our money accounts so we may begin the investment process. I haven't seen this section. As a beginner in this I need all the ...
1 message