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June 12, 2008 -

In This Issue:

Summer Savings on myiclub.com

As the temperature continues to rise, prices are lowering at ICLUBcentral! Purchase two years of Club Accounting Online, myiclub.com, for just $109! StockCentral members save an additional $10!

Club Accounting Online features:
  • Full investment club (partnership) accounting — editable only by authorized officers
  • Fourteen detailed performance reports — viewable by any registered club member
  • Private, personalized club website
  • Industry-standard Secure Socket Layer (SSL) encryption for security
  • Variable levels of access for each member
  • End-of-day stock quotes to help you track your portfolio's performance
  • 20 MB file storage area for sharing SSGs, meeting minutes, club bylaws, pictures, and more
  • Unlimited private club message board works with email
  • A club calendar to add, review, and share events
  • Online customer support — 24-hr maximum response time
  • Telephone support — expert help just a call away

Take advantage of this great deal! Purchase your copy today!


Join the Club!

By Amy Rauch Neilson

Ira Smilovitz, treasurer of the Paramus, New Jersey-based Lakshmi Investments, LLC since 1999, tells the story about the members of an investment club who implicitly trusted their treasurer. In fact, they had such faith in their treasurer that they didn’t take a close look at their club’s records for a decade. You read that right – ten years! At which time, Ira received a call from one of the members with a request: the club was having trouble reconciling its records and needed help… fast.

Ira responded to the club’s SOS and was taken aback by what he found as he made his way through a decade of the club’s transactions. The records had been kept as a combination of a notebook filled with handwritten notes and software entries. The treasurer had recorded credit for each member’s monthly dues – whether or not the member had actually made a contribution – and some of the deposits were made in cash, rather than by check.

As if that weren’t enough, after completing the task of reconciling a decade’s worth of records, Ira found that the club’s books showed a $3,000 discrepancy with the bank – the club thought it had three grand more than the bank’s records showed. Further review revealed every club’s worst nightmare. “It turned out that the club’s treasurer had embezzled some of the club’s money,” Ira says. “There were no records for the withdrawals and, when confronted, the club treasurer admitted to ‘borrowing’ the money, but insisted that it had been paid back. Yet, there weren’t any records that the money had ever been returned.”

Read more....


Investor Advisory Service Continues to Beat Overall Market

According to the Hulbert Financial Digest, an investor following the Investor Advisory Service's picks could have earned a 14.0% total return over the five years ended December 31, 2007, beating the Standard & Poor's 500 Index return of 12.9% and matching the Dow Jones Wilshire 5000 Index return of 14.0%.

Over the previous ten years, the IAS earned 10.5%, handily outperforming both the 6.3% return of the DJ Wilshire 5000 Index and the 5.9% return of the S&P 500.

The Investor Advisory Service has provided investors with highly-focused stock picks since its inception in 1973. Learn more about the Investor Advisory Service.


June 12, 2008


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06/14: Doug Gerlach Workshop, Freeport, ME
06/21-06/24: BI National Convention, Chicago
08/08-08/10: InvestEd 2008, Charlotte, NC.

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