|Presiding Partner (President)||George Heim (Past President - Al Traynham)|
|Education Partner (Education V.P.)||Doug Kallevig (Past Education V.P. - Norm Grant)|
|Financial Partner (Treasurer)||Jerry Doffing (Past Treasurer -David Pierce)|
|Recording Partner (Secretary)||Sam Charchian (Past Secretary - David Mitchell)|
-The Official minutes of Cosmopolitan Investors 2018-
Important Notice: The Cosmopolitan Investment Club meets at the DoubleTree Hotel, 7800 Normandale Blvd., Bloomington, MN. It is located at the Northwest Corner of Highways 100 and 494. We meet in the nine-mile grill, located just to the right and behind the front desk. Note: From years ago, some will remember the hotel as the Raddison South Hotel.
Cosmopolitan Investment Club – Meeting Minutes, April 16, 2018
Chairman Heim dropped the gavel and began the meeting at 6:34 p.m.
Role call – 15 members were present, representing a quorum. Additionally, we had two guests, Victor Grambsch and Elliott Trach.
Meeting Minutes – Our only-estrogen-ladened member, the ever-lovely Tracy read the very lengthy February minutes as recorded by the sagacious Sam Charchian who was sadly absent from the meeting. There was significant editorializing and David Mitchell objected to the politicizing contained in the minutes. Jerry Doffing agreed. When asked for specifics, David struggled for specifics. The group opted to approve the minutes and move on. Once again, Sam was vindicated.
Guest Introductions - Guests Victor Grambsch and Elliott Trach introduced themselves. This is Victor’s first meeting, having found us on MeetUp, and Elliott’s fourth meeting. Elliott stated that he hopes to become a member.
Treasurer’s Report – Jerry Doffing read the below report which was approved.
Total Value of the club as of 04/15/18 is $100,527.22
The cash value of that amount is $135.97
We currently have 1 open order(s) for trade:
Sell 6 shrs AMZN (Amazon.com Inc) sell stop limit of $1,300.00 GTC
Net available for trading after open orders and liquidation requests is $135.97. Since our last meeting we:
Sold 25 shrs NFLX (Netflix Inc) @$317.3956 $7,928.76
Purchased 90 shrs XPO (XPO Logistics) @$105.776 -$9,525.66
Purchased 55 shrs PYPL (PayPal Holdings) @$80.645 -$4,459.00
Purchased 20 shrs NVDA (Nvidia Corp) @$247.0045 -$4,946.04
Purchased 5 shrs BA (Boeing Co) @$338.3640 -$1,697.77
Purchased 5 shares V (Visa Inc) @$124.87 -630.30
Received Dividend UNH (United Health Care Group Inc.) $30.00
Received Dividend LMT (Lockheed Martin Corp) $60.00
Received Interest (a whopping) $0.27
Our YTD gain/loss shows a net gain of $13,484.82. Our Unrealized gains/losses shows a net gain of $4,554.43.
The value of our club in ICLUB software compared to our TD Ameritrade account is lower by the food account balance of $2,766.67.
Our current value is $100,527.22, less contributions made in 2018 of $5,538.36 leaves an adjusted balance for contributions and withdrawals of $94,988.86. Comparing this to the yearend valuation number of $89,908.48, we show a profit (realized and unrealized) of $5,080.38 or 5.6506%. Given that the S&P 500 is down .65%, Dow is down 1.45%, and the NASD is up 2.94% - NOTE: we are starting the year off in great shape and noticeable ahead of ALL benchmarks.
Stock Analysis – Jerry provided an analysis of our current holdings and his recommendations which is briefly summarized below.
· AAPL – down 2.4% since purchase… BUY
· AMZN – down 3.4% since purchase… HOLD
· BA – down .49% since purchase… SELL on sell stop
· CBOE – down 13.71% since purchase…. BUY on buy stop after crossing 200
· GOOGL – down 3.2% since purchase… SELL @ market
· LMT – up 33.07% since purchase… SELL
· NFLX – up 61.7% since purchase… STRONG SELL
· NVDA – up 3.45% since purchase…SELL
· PYPL – down 4.56% since purchase… HOLD
· TSM – up 38% since purchase… SELL
· UNH – down 1.61% since purchase…HOLD
· V – down 1.73% since purchase…BUY
· XPO – down 6.4% since purchase… HOLD
Education – Doug shared several items this month as follows:
Initially Doug pulled up a chart on Investing.com and stated that he believes the chart shows there may be a recovery. Jerry said it appears to be forming a pennant. At the end of the pennant it will go up or down. Need to look at volume; if it’s up on weak volume, that’s a poor sign. Some discussion about the definition of a “support line” which is essentially a trend line where resistance is displayed.
Financial Freedom video was presented by Mr. Kallevig –
5 key things to look for when choosing a stock:
1. Sales & earnings growth
2. Competitive advantage
3. Free cash flow
5. ROIC – return on invested capital
How to Make Money in Stocks video – market timing system overview based on the book authored by William J. O’Neil. Follow the major indicators, looks for tops. If Sam was here, he could have presented this by his hero, Mr. Billie J.O.
How to Pick Winning Stocks for Beginners – Peter Lynch’s 51 minute video. We watched a portion of it and it remained on during the break.
Visa (V) – forming a pennant. Reviewed the MACD which has been positive after the lines crossed. Low volume. Hasn’t dropped down to 200 day moving average. Stock still in favor.
Chicago Board of Exchange (CBOE) - low volume, chart unfavorable, moving averages breaking down
Alibaba (BABA) – chart doesn’t look good, below 200 day moving average
· Motion made by Jerry to sell all shares of NFLX at market and “take our profits to the bank”. Motion passed
· Motion made by Jerry to sell all shares of GOOGL at market. Discussion regarding Google having the same challenges as Facebook (FB) regarding data collection and privacy. He recommended we “let the dust settle” on this stock. Motion passed.
· Motion made by Jerry to sell all shares NVDA at market. An amendment was made to sell 50%. The amendment passed. The motion to sell 50% passed.
· Motion made by Jerry to purchase 50 shares Visa (V) at market also passed.
Chairman Heim said there was a written request to make a bylaw change regarding membership size submitted by Joe Porto. Farmer David Mitchell said it was “chicken scratch”. Jerry Doffing reminded the group that the esteemed Secretary had provided the guidance to Joe to submit the request in writing and that’s what had occurred. The group, being unfamiliar with the specifics of the bylaws, decided to postpone the discussion and vote until next month. John Drewitz volunteered to collaborate with Sam prior to the May meeting to understand the requirements as stated in the bylaws so that we can be prepared to vote next month.
Member and Guest Comments:
Since Sam Charchian was not present, Victor made no specific comments. Elliott said that he hoped to become a member and that he is a retired pediatrician.
Doug solicited volunteers to help with education. If you have content, video suggestions, etc., please provide it to Doug.
Motion to adjourn the meeting passed and the gavel was dropped nearly on time, at 8:31 p.m.
Liar’s Poker Highlights:
Most notable, King of the Hill Norm Grant’s wife made a mouth-dropping traveling award which Norm wore proudly. He tortured the other players with the blinking lights, and made them blink faster in an attempt to distract Elliott (and it appeared to work).
There were lost bids on 7’s (Tim) and oddly enough, bids won on just eight 8’s (Art). Jerry showed guts (the term “balls” was used but the substitute secretary, using discretion, has change the term to “guts”), and was unable to capture the eleven 3’s needed. note: The term "testicular fortitude" should be used in the presence of women.
Elliott needed nine 10’s and when it got to the count, he claimed to have six… he was only joking. He was in a bit of a humorous mood, having arrived at the meeting on skis.
The group was highly distracted and had extreme difficulty keeping track of the bids…
Tracy left when she realized she can never be King-of-the-Hill, not possessing the necessary body parts according to the other members (see comment above about “guts”). The group played on after she left and no additional highlights were provided via email or text.
Respectfully submitted by Tracy Olson. Note by Sam: Tracy should be honored with a free drink at our next meeting for providing these comprehensive highlights and minutes.
SEE PHOTO BELOW: Paying off our current King-of-the-Hill, Norm Grant in October 2017
Section 2 article d.- Dumb-Ass-Loser Rule: If a slam bid is made (the bubble has none) and the total count is also zero, then the dumb-ass bidder (who went for the grand slam) is obligated to: rise, apologize, and pay out $2 to each player. Optional: He should apologize profusely to the King and offer him a drink.
Click on: Liars Poker Rules to play properly.
What is "Swine Investing?" Some say, "Bulls make money, and Bears make money, but pigs get slaughtered." We say rubbish! The Comsopolitan Investment Club contains members who are Bulls and some who are Bears. Yes, and even swine. We have Swing Traders, and "Buy & Holders". Some dabble in derivitives and Exchange Traded Funds. We sometimes buy for Capital Appreciation and sometimes for income. We have members who are very knowledgeable about stocks and others who know precious little. We have members who study charts and others who pour over balance sheets, income statements and cash Flow statements. Some are bottom-up investors, some are top-down. Some spit on the IBD and some spit on the Value Line. We've got 'em all, except you, so feel free to visit, and check us out at our next meeting. Lately, we've become the Nihilistic Investors: We don't buy much or sell at all. We hold 'em. Oh yeah, we play "Liars Poker" following the formal meeting too. OINK! Find Us
Link: Partnership Agreement
Who are we? We are "Swine Investors" who meet on the Third Monday of each month. We are an "Open Club" to all levels of stock investors. Note that we are a dinner club and usually invest in the market each month. Several members of the group are also members of the Cosmopolitan Toastmasters Club. Several members are NOT. Use the Contacts links at the bottom of this page to ask questions and let us know if you would like to visit -just to "check us out". We are an "open" club. You are most welcome. Oink!
"It's much more important to avoid losing money than it is to make money. If you avoid the big loses, you make money almost by default.".......Jerry Doffing, SFTH International
"No one can outsmart the market; you treat the market like you're dancing with a gorilla. If it wants to lead, let it"......Norm Grant
"Market research tells you what happened yesterday. Sensitivity tells you where the world is going".....Wade Grantham
Typical Meeting Room
Where decisions are made!
"Arrogance destroys more money than stupidy" and "Broad Diversification is plainly and simply often a hedge for ignorance"...Past President, Richard P. Nyberg
Note: This is an actual group photo of 5 members (from left to right): Dave, Bill, Jerry, Norm and George. We meet on the Third Monday of each month at the same pigsty; from 6:30p to about 8:30. We are about a dozen members and have "dinner" (for $20), Later, several members play some competitive "Liars Poker". More Photos. You are most welcome to visit us.
Email Contact: WebMaster Sam Charchian