The "ADR Indicator" Edition
17 January 2013
ICLUBcentral Club Tax Printers Coming Soon!
ICLUBcentral's software engineers are hard at work programming the necessary changes to the 2012 IRS tax forms that affect investing partnerships. When the Internal Revenue Service released its final forms for 2012 in early January, we discovered the scope of the changes in cost basis reporting for securities that were sold during the year. As brokerage firms must now report to the IRS the cost basis of all securities sold by their clients, individuals and partnerships must reconcile their own reporting of cost bases with that reported by their financial institutions using Form 8949.
The good news, as Doug Gerlach reported in this week's ICLUBcentral Investment Club Operations Webinar on club tax preparation, is that ICLUBcentral has produced a solution that will aid treasurers in completing accurate forms for their investment clubs. This change has delayed the release of the Club Tax Printer somewhat, but the release is expected within the next few days. The IRS will not accept returns before January 30, 2013 and your club may not receive the required 1099 forms that you need before you generate your tax returns until February 15. 2013, so there is still plenty of time.
Watch the ICLUB.com home page for the announcement of the release of the 2012 Club Tax Printers.
And remember — one of the biggest benefits of a StockCentral subscription for investment club members is the discounts on the ICLUBcentral Club State and Federal Tax Printers. StockCentral subscribers save $30 on each, paying just $59.99 instead of the regular price of $89.99.
In order to receive the discount, a member of the club who is a StockCentral subscriber must make the purchase from the ICLUB.com store. If this isn't the club treasurer or administrator, that's okay! Call ICLUBcentral at 1-877-33-ICLUB if you have any difficulty with receiving your discount.
For information on other StockCentral subscriber discounts, log in to the StockCentral.com website and review the Discounts page. And pre-order your 2012 Club Tax Printers — early bird pricing has been extended for a limited time. Don't miss out on this discounted price!
New ADR Indicator in SSG Data for Toolkit 6
We have just released a new feature in the data service for Toolkit 6 users, an indicator of whether or not a company's stock trades as an American Depository Receipt (ADR). ADRs are securities that represent shares of stock in companies that are located outside the U.S., and are a great way for U.S. investors to diversify their holdings internationally.
Now, when you load data for a new company or update your existing stock library in Toolkit 6 using the StockCentral data service, the "ADR" will appear next to the ticker symbol above the graph on page one of the stock study form.
There are some specific characteristics of ADRs that affect how and when they report financial results, so this indicator will help you understand why a particular company's recent quarterly results haven't been updated as you might have expected, for instance.
To learn more about studying ADRs in Toolkit, check out the archive of Doug Gerlach's webinar from the Toolkit 6 User Group Webinar series.
Free Webinar: Technical Analysis Basics Using StockCentral's Price Charts
StockCentral recently added new features to its suite of tools for stock investors. These new features incorporate technical charting tools that include historical stock price charts in several formats along with several of the most popular indicators that can now be overlaid on any StockCentral chart.
In a special free webinar, nationally recognized investment educator Saul Seinberg will provide an overview of the StockCentral.com price chart application and practical tips for fundamental investors who wish to expand their investing toolbox with the use of technical price charts.
Saul is a former director and vice president of the Rocky Mountain BetterInvesting Chapter. He currently teaches for InvestEd and by invitation at Chapter events. With degrees in electrical engineering and law, Saul spent most of his career as a corporate attorney working for high-tech companies. He is currently an adjunct professor at Albany Law School in NY.
The webinar takes place Tuesday, February 26, 2013 at 7:30 PM - 8:30 PM EST. Space is limited, so reserve your seat at this free webinar today!
StockCentral Founder Doug Gerlach to Appear at The World Money Show
StockCentral's resident guru Doug Gerlach is set to share stock investing tips and insights at The World MoneyShow, Jan. 30-Feb. 2 at the Gaylord Palms & Resort & Convention Center in Orlando. Doug will discuss small-cap stock investing at 4 p.m. on Feb. 1, providing ideas for small-company stocks to help enhance your own or your investment club's portfolio. He'll also reveal the five rules of small-cap stock investing as well as outline common pitfalls to avoid in pinpointing small-company opportunities. At 11:30 a.m. on Feb. 2, Doug will teach attendees dividend analysis for growth stock investors. He'll cover concepts such as yield, the payout ratio, and the importance of not chasing dividends in your stock portfolio. In his capacity as Editor-in-Chief of the Investor Advisory Service newsletter, Doug will also participate in a panel discussion of top-rated newsletter editors led by Mark Hulbert of the Hulbert Financial Digest. Along with Doug, the panel features some of the recipients of Hulbert's 2013 Newsletter Honor Roll, including Louis Navellier, Roger Conrad and James Lowell. The discussion will offer up ideas for 2013 and review common problems affecting individual investor performance in the market. Make sure to register for the free event and stop by to say hello to StockCentral's founder.