Cosmopolitan Toastmasters

Somewhat Better Speaking, Listening, Thinking and Eating

                   Cosmopolitan Investment Club™ Officers 2018

 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 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, July, 2018

Beloved Chairman, George Heim, dropped the gavel and began the meeting at 6:32 p.m.

Role call  Just 11 members were present, representing a quorum.  Additionally, we had two guest, Larry Keck was John Drewitz' guest for the 2nd time.  A youthful Tom Mosman also visited via meetup.

Meeting Minutes: Secretary Sam read the lengthy minutes adroitly.  Hopefully, all of you are reading the minutes here, since there is much frustration with the accompanying editorializing as your humble secretary reads the minutes of the previous meeting.  All feeble attempts to correct the minutes were foiled.

Treasurer's Report Jerry Doffing read the monthly (highlights below) report which was approved:

A few of you are curious of where we are year to date as far as profitability. Our current value is $108,768.81, less contributions made in 2018 of $8,086.35 leaves an adjusted balance for contributions and withdrawals of $100,682.46. Comparing this to the yearend valuation number of $89,908.48, we show a profit (realized and unrealized) of $10,773.98 or 11.98%. Given that the S&P 500 is up 4.78%, Dow is down 1.21%, and the NASD is up 13.36% - we remain noticeably ahead of the Dow and S&P 500 and now losing distance with the NASD. The market is now shifting from big caps to small cap stocks and FANG stocks continue to soar.

We currently have 17 members in our club. I understand at this meeting discussion and a vote will be conducted to determine if raising the membership limit from 18 to 20 members is in the best interest of the club. Please plan on attending to voice your opinion and vote. If you are a returning guest, please bring your checkbook if you wish to be considered for membership

Stock Analysis:  Jerry provided an analysis of our current holdings and his recommendations which is briefly summarized below:

Buy/Hold:  AAPL, AET, AMZN, BA, V, INTC, INTU, MA, MU, NVDA, UNH and XPO.

Sell/Hold:  COOL...screaming sell.

·       Education Our Education Partner, the ever appreciated Doug Kallevig, who hauls in his laptop and screen, seemed relieved when President Heim announced the agenda presented to him by Past President Traynham.  Jerry Doffing moved to move the Education Presentation to just before guest and member comments.  The purpose was to have the education presentation held and presented if there is time at the end of the meeting.  This would free up some time earlier in the program for stock presentations.  

Stock Presentations:

Jerry suggested we maintain a "watch list" of 10 stocks, and offered the following:  NFLX which had a huge drop the same day, and led to a lot of discussion, then COST, CHDN, AVGO, CNC, ATVI, CRM, SNE, LMT, ALXN and finally AMTD.

Investment Business:

It should be noted we were almost totally invested.  Since we were without cash, Jerry moved to quickly sell our COOL stock.  Sam explained that the company was being attacked by a "shorting company" accusing the CEO of being a liar and fraud, focusing on a rejection of a critical patient and Executives selling their shares.  This was all denied at the PriorityTE website. Also, a class action lawsuit was filed against COOL.  The motion was easily passed.   

With just a few dollars, Max moved we purchase 4 shares of COST at market, which passed.  Then Jerry calculated our cash situation and moved we purchase 1 more share to make it 5 total shares of Costco.  

·      The Finale':  Guest Larry Keck commented that he was amazed at the sagacity of our secretary.  He thanked his host, John Drewitz, for an entertaining and educational evening.  Guest Tom Mosman asked a bunch of questions about the procedure for joining and cost.

Closing:

Motion to adjourn the meeting passed and the gavel was dropped, at 8:40 p.m.

Liar's Poker Highlights:

We started with 5 players (Tim Deegan, Bill Kalina, Art Jensen, Norm Grant, Jerry Doffing and Sam Charchian) at 8:45.  Norm showed up at 10:00 bringing even more excitement to the event. Once again, Art (Ringo) Jensen demonstrated what its like to have bowling-ball-size testicles between his manly legs.  Take no risk Bill, followed the Nybergian defense theory, by passing a lot and watching his stack grow exponentially.   There were several attempts at a Grand Slam mostly by Jerry, Tim, Norm and Art.  Once again, there was all kinds of banter about fishing led by Norm and Tim.  The bottom line is that a good time was had by all, especially Norm who taunted us by wearing his blinking championship necklace.  Norm has been KotH since October 2017.  This is completely unacceptable.  We need a white knight to slay the swine.                       

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