Motiwala Capital – Q3 2015 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the Q3 2015 letter to investors.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Motiwala Capital – Q2 2015 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the Q2 2015 letter to investors.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Interview with the Bulldog Investor

I was interviewed by Fred Rockwell who runs the Bulldog investor blog and Tarsier Capital Management. I talked briefly about where I look for stocks and a current portfolio holding.

Feedback is welcome. Here is the link.

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Motiwala Capital – Q1 2015 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the Q1 2015 letter to investors.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Do I need to enter every stock transaction to file US tax returns?

It is Tax season in the US. Federal income taxes are due on April 15.

A few clients recently asked me “Do I need to enter every stock transaction if i use an online tax prep software (such as Turbo Tax or Tax Act) and it cannot import transactions from Interactive Brokers? or Do I have to use the desktop version?

Now I do not provide tax advice but this is what I did. I used Turbo Tax online for my tax filing.

For the Investment Income category, Add your broker account information (name and account number). Instead of typing each transaction just take the sum total for each category from the 8949 form provided by Interactive Brokers.
You will need to enter two numbers (a) Total Proceeds and (b) Total Cost Basis. If there are any adjustments, add those as well. (rare)

Indicate by clicking the checkbox that you will mail the detailed statement to IRS.

Do the above for each category (Box A,B,D,E,X for Turbo Tax) as applicable. Some of you may not have all these categories. Each category is on a new page of the 8949 document from IB.

You can e-file your returns and then within 3 days you have to mail the Form 8949 and 8453 to IRS. The form 8453 will be generated by Turbo Tax or you can simply download it from the IRS website. Its a one page form where you just need to tick the box for Form 8949.

If you are e-filing your tax return, then mail your statements along with Form 8453 to:

Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254

If you are not e-filing, then mail your statements with your entire tax return to your local IRS office.

Yes, this is not as easy as importing your document. However, this is pretty painless. Just need to type in few entries. Print your 8949 and 8453 and mail to IRS.

Hope this helps
Adib

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Currency trading – Just say NO!

This is a re-post

I came across this article about currency trading today. The title reads “Foreign currency trading is easy — an easy way to lose money”.

Everyone has their own style of investing , be it stocks, bonds, real estate, mutual funds, gold, oil and gas partnerships or some mix of all of them. However, one type of ‘investment’ that I would highly discourage everyone from is currency trading.

People with little to no knowledge of finance, investing or trading are sucked into this game with advertisements. Low minimum account opening such as $50 – $100 is advertised. Free practice accounts are offered. Leverage in Forex is often 50-1. ( down from 100-1 a few years back). In comparison, stock margin accounts are 2-1 levered or maybe 4-1 depending on the broker.

My advice: Just don’t do it. Not for the fun. Not for the thrill. If you have any amount of money that you think you don’t mind losing, just donate it to charity. There are many causes that could use it.

Please read this article on LA times for further details.

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Motiwala Capital – Q4 2014 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the 2014 Q4 letter to investors.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Motiwala Capital – Q3 2014 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the 2014 Q3 letter to investors.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Motiwala Capital – Q2 2014 Letter to investors

Dear Investors,

Motiwala Capital LLC has released the 2014 Q2 letter to investors. On an aggregate basis, our accounts returned 5.6% and 7.3% in Q2 and first half 2014, net after all fees and brokerage costs.

Please contact me if you have any questions or comments.

thanks
Adib Motiwala
Portfolio Manager

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Stock idea presented at ValueX Vail 2014

I just returned from Vail,Colorado. While there I visited the mind boggling beautiful Rocky Mountain National Park and attended the ValueX Vail investing conference in Vail. This was my second time attending the conference. Its hosted by Vitaliy Katnelson.

I got a chance to meet many smart investors who were very humble and encouraging. I made some new friends and had a blast. I had the privilege to give a presentation as well. I talked about a company in my accounts. Blucora. Here is the presentation

Thanks
Adib Motiwala

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