Re: Keeping track of stocks using an Excel spreadsheet

From: "Rip West" <rip@montrose.net>
Subject: Re: Keeping track of stocks using an Excel spreadsheet
Date: Mon, 26 Oct 1998 07:26:02 -0600

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Randy Barnes said........
<<
Don't worry about the Beardstown Ladies problem, as you will never have this
come up
unless you invest as a group, and collect dues.  Our group holds two
accounts, one at
>>

There was (and seems to be still) a common misconception that the Beardstown
Ladies problem was caused by reflecting the dues paid as return on
investment. Not true. As a result of the flap the Beardstown Ladies engaged
a national cpa firm. Their report showed that the problem resulted from a
simple misunderstanding of the software that the club was using to compute
the return on investment, and had to do with the period for which the
computation was being made, not the dues being included.

Yes, I went to the recommended Motley Fool Site, and they have it wrong
also.

rip



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