By Laurie Frederiksen - August 23, 2012
A bivio customer recently made this comment to me about her personal financial situation:
" We feel paralyzed to make a change or decision many times because of conflicting info or info overload.".
Many investment clubs which use bivio for their record keeping, owned Medco Health Solutions (UNKNOWN: MHS.DL). They received their shares when it was spun off from Merck (NYSE: MRK) in 2003. Recently (April 2, 2012), Medco was acquired by Express Scripts (NASDAQ: ESRX). If you were an owner of Medco, you received $28.80 cash plus .81 shares of ESRX for each of your Medco shares. You also received some more »
Many bivio investment clubs own shares of Frontier Communications (NASDAQ: FTR) which they received in a spinoff from Verizon (NYSE: VZ) in 2010. Many have kept them because of their high “dividend” yield (currently 8.6%).
But there’s more to the story. As bivio investment clubs are receiving their 1099s, they are finding out that quite a bit of the "dividends” they received during the year are now being more »
But, as Steve Jobs would have said “there’s one more thing….”
ResMed (NYSE: RMD) has been a stock of interest in the community of bivio investment clubs during the past couple of years. Clubs are always looking for good, small-company stocks whose higher potential growth rates might help them beat the returns of the overall market. They've been attracted by the historical sales growth rate of ResMed, which has averaged an attractive 15.5% over the past 5 years. In more »
Members of a bivio investment club who own Sears Holdings (NASDAQ: SHLD) recently asked us how to make the entries to record the shares they were receiving in spinoff company Orchard Supply Hardware Stores (NASDAQ: OSH).
When a reorganization occurs, we research the details so that clubs can update their records correctly. This is especially important with the new cost basis reporting rules phasing in. Starting with this tax season more »
Here is the ride we all went on as investors last year:
An inevitable question when viewing this is "Are you better off now than you were on 1/1/2011?"
At bivio.com, we invite investment clubs to participate in the bivio "Quest For Positive Relative Returns". Our performance benchmark report allows them to compare the rate of return they're achieving to the rate of return they would more »
If you purchased and sold any stock in 2011, you’re going to be seeing changes in the 1099 form you receive from your broker. New cost basis reporting rules have begun phasing in. Under the new rules, brokers are required to report cost basis information to the IRS.
When you have a sale, you get taxed on your capital gain or loss. This is the difference between your cost more »
If you hold shares in Bio Reference Labs (NASDAQ:BRLI), you might have an ideal set of circumstances to consider some tax loss selling.