Cosmopolitan Toastmasters

Somewhat Better Speaking, Listening, Thinking and Eating

                   Cosmopolitan Investment Club™ Officers 2016

 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 Monthly "Swine-Investors" News Highlights 

     -The Official minutes of Cosmopolitan Investors 2017-

Important Notice:  The Cosmopolitan Investment Club has moved to its permanent location:  We now meet 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.  It used to be the Raddison South Hotel.

January Meeting Highlights:   

The Open:  President and Chairman Gorgeous George Heim opened the meeting more or less on time.  Education Partner, Doug Kallevig, again showed up early and brought along a screen for his computer and projector.  This really made a difference as the meeting started.  Special thanks to Doug.  President George announced we had a quorum present, so we can conduct business.  In fact, we had just two partners missing and had an almost overwhelming guest supply of 8 guests.  Two of the guests, Joe Porto and Tim Deegan showed up for the 3rd time, and were admitted into partnership at the end of the meeting (see below).  Other guests included:  Dan Stong, Derek Strong, Roger Johnson, Anup Agrawal, Elliott Trach and Suresh (missed his last name).  The room was a bit overcrowded and a few extra chairs and additional menus were brought in.  It was nice to see 21 of us in the meeting. 

Treasurers Report by Jerry Dee:  A few of you are curious of where we are year to date as far as profitability. Our current value is $94,417.67, less contributions made in 2018 of $50.00 leaves an adjusted balance for contributions and withdrawals of $94,367.67 . Comparing this to the year-end valuation number of $89,908.48, we show a profit (realized and unrealized) of $4,459.19 or 4.96%.  Given that the S&P 500 is up 4.21%, Dow is up 4.39%, and the NASD is up 5.18% - we are starting the year off in good shape in line with all of the benchmarks.  Treasurer, Jerry then announced we had $116 come into our account as dividends from Lockheed Martin and Avago Tech.  We also collected a whopping $0.02 in interest income.  We also had $283 left over from the 2017 food fund, so it was converted to P&L.  Jerry then announced we paid an outrageous amount for a tax software program used by investment clubs for a whopping $179.98.  Our annual K1's will be issued to all members (partners) who currently have or did have investments during 2017.  We can expect these at our February or March meeting.  You can actually calculate your 2017 gain by multiplying your ownership percentage times our taxable "realized" gain in 2017 of $6,201.77.  

note:  We are now at 15 total members; our Partnership Agreement allows expansion to 18 maximum.  We had two new guests in November; Tim Deegan and Joe Porto, who actually returned to our December and January meeting.  Both were admitted at the end of the January meeting, so we are now at 17 with room for just one more partner.  It is important to realize we are happy to have guests attend, even if they cannot join yet.  They are welcome to participate with questions or suggestions as allowed by President Heim.  

 Education:  Doug Kallevig, our bearded (and quite witty) Education Partner, sporting his voluminous white beard  launched into a great education report. He showed an educational video on Trailing Stops -uses and pitfalls by some guy in Mumbai, India.  It was terrific and quite educational to several members.   We look forward to more videos while we dine. We are wondering what Doug will come up with next month.  By the way, the meeting is more difficult for Doug than most, since he is constantly putting up various charts on his screen during the entire meeting.  This is appreciated, Doug.

Stock Review Highlights by Treasurer Jerry:  Here are Treasurer Jerry's main suggestions, as we looked at various chart sites with Doug operating the laptop and projector.  The bottom line here is that Jerry recommended that we sell all of our Broadcom (AVGO), sell our Lam Research (LRCX) at market, cancel our sell-stop on MicroChip (MCHP), and also sell our Constellation Brands (STZ).  This would provide us with considerable cash to buy more attractive stocks, which we present during "Presentations".  Jerry also applied a "strong buy" label to most of our other holdings.

Presentations:  The following stocks were brought up for consideration during the later business meeting:  We started with Jerry bringing up AAPL.  He talked a lot about pennants in the stock chart.  Doug brought up Chicago Board of Options Exchange (CBOE) again.  After a bunch of discussion,   Sam then brought up both John Deer (DE)  and Caterpillar (CAT), due to pending infrastructure legislation.  David Mitchell suggested Visa (V), a guest suggested Boeing (BA).  Each of these stock recommendations were discussed. 

Business meeting:  Jerry moved we cancel our 7% trailing stop order on MCHP.  This immediately passed.  Jerry then moved we sell all 32 shares of our beloved AVGO stock at market.  The motion failed.  Division of the House was called, so poor President Heim had to calculate the vote by % ownership.  Jerry feeling quite rejected, then moved to set a Stop-Loss order on AVGO at $260.  It was immediately amended by Sagacious Sam to $250.   Sam's amendment passed, so then the motion passed to set a stop at $250.  Jerry moved to sell our poor baby lamb, LRCX -at market.  The bad wolves all killed the poor thing, selling all of it.  We then quickly also dumped our Booze Stock (STZ) at market.

Jerry, after reading the "Shootin' from the Hip" Newsletter,  then moved we purchase 50 shares of AAPL.  That easily passed.  Sam claimed we need a really good ETF like BOTZ which is a basket full of great robotics and artificial intelligence stocks.  There were audible boo's, a few french fries were thrown at the hapless secretary, and finally the motion wasn't even seconded....the ultimate humiliation.  Knowing he can do better than that, Doug jumped in with his beloved CBOE stock.  He moved to buy 30 shares.  That was amended to 35 shares, which passed.  Then Sam pushed for a limit order on the $131.50 stock at $127.  That passed.  Encouraged, Doug then brought up a 3xDow (UDOW).  Bringing up a stock that was not mentioned at presentations time, led to a ton of boo's, thrown french fries and no votes.  That ended the business meeting.

Guests were kicked out of the room while Joe Porto and Tim Deegan were considered for membership.  Since both are willing to play post-meeting Liar's Poker, the vote was unanimous -as required.  The returning guest, as usual, commented on being quite impressed by our beloved secretary. Others wondered where the estrogen was at.  Several looked quite forlorn about there being only a single partnership slot left.  Perhaps we should drop our "Meetup" advertising.  

Finale:  Our 6:30-8:30 meeting was getting late.  If the vacationing John Drewitz was there, he would be squirming in his chair.  It was close to 8:50.  Edgar Rohde, a swing trader,  had asked President George Heim for about 5 minutes to express some concerns about the club being too much into long-term stocks.  Looking for faster action, Edgar offered some very good suggestions about communicating with like-minded "more active trader" members via emails during the month on stock buys and sells.  He also thought it may be more productive to meet twice monthly.  Although these are ideas worth exploring, it was now ticking a minute past 9:00.  President George Heim brought the gavel down, and left this unfinished commentary on the proverbial table.

                                                  -Liars Poker News-

Highlights of the January Game:  We still appreciate the facilities at the DoubeTree Hotel.  Aside from having a large, private, and very quiet room for our business meeting, we also have a large round wooden Liar's Poker table.  Several departing members and guests were somewhat confused since, the only guy sitting at the table was Bill Kalina.  The regular players were at the bar, but some may not have realized it.  Finally,  seven (7) players gathered around the table.  New member, Tim Deegan, and guest Elliott Trach joined in.  King of the Hill, Norm Grant brought along his beautiful golden medal for the King to wear during the game.  A few came somewhat close to knocking Norm off the hill, encouraged by the lovely medal to be had.  Norm is still our beloved and respected King.  The game continued until 10:50p.                    

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.

Important Links:      Letters-to-the-Editor ;   Club Photos;   Official Partnership Agreement 

                        Cosmopolitan Swine Investment Club

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 tooOINK!   Find Us 

 Link:  Partnership Agreement                                    

Key Links:

 Club Photos

 Letters to the Editor

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 


Member Responsibilies

1. Education:  Our Assistant Presiding Partner is considered our "Education Partner".  He will lead or assign discussions/debates on topics such as: Top/down vs. Bottom/up investing, Value vs. growth, buy/hold vs Active Trading, using limits and stops vs. market orders, Nihilism: awesome power of doing nothing, etc.
2. Action:  Members are encouraged to come prepared to make a recommendation for our portfolio.  You may suggest: selling one of our stocks or adding more shares or resetting a Limit Order or Stop Order, or buying a new stock or option; your responsibility  is to prepare at least one idea for our next meeting -which will probably NOT be adopted.

Links: Cosmopolitan Investment Club Partnership Agreement     Liars Poker Rules

                                       The Swine Investors

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