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, October, 2018

Surrogate Chairman, David Mitchell, dropped the gavel and began the meeting at 6:30 p.m.

Roll call:  A quorum of members were present, filling the room .    We also had previous member, Dr. Dave Pierce join us, in pretty decent health.  We also had a new guest in Joey Baron, who expresses a lot of interest in the club.  Perennial guest, Elliot Trach returned for the umpteenth time, and decided to fill our last remaining open slot.  He was voted in at the end of the meeting.  Welcome Elliot.  A few are pushing to expand our membership limit to 20.  We should discuss this at our November meeting.  President Heim was unable to attend the meeting and delegated the chair to quasi-parliamentarian, David Mitchell, who actually did a darn good job of running the meeting.  It was good to see our Education Partner Doug Kallevig returned from his cruise and manning the laptop and projector again.  We are all very appreciative of Doug for volunteering to do this.  On a sad note, Bill Kalina informed us that his 90-year old friend, Art Jensen, had been diagnosed with cancer of the tongue.  He has started chemotherapy and radiation treatment.  Art later showed up for his beloved Liar's Poker game and announced he was doing okay, and that there seems to be an 84% chance of him beating the cancer.  We are all very hopeful for Art.

Meeting Minutes:  Hopefully, ALL of you are reading the minutes online, since there is much frustration with the accompanying editorializing, as your humble secretary reads the minutes of the previous meeting.  All feeble attempts to amend the minutes were foiled.

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

Please note the balances from TD Ameritrade and ICLUB are off by $1,446.67 which is the amount of the food fund balance.

Our current value is $111,142.22, less contributions made in 2018 of $10,106.35 leaves an adjusted balance for contributions and withdrawals of $101,035.90. Comparing this to the yearend valuation number of $89,908.48, we show a profit (realized and unrealized) of $11,127.42 or 12.3764%. Given that the S&P 500 is up 3.50%, Dow is up 2.51%, and the NASD is up 8.63% - we remain noticeably ahead of all of the indexes while moving further past the NASD this past month! 

Membership:  We are now at full membership according to our bylaws.

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

Buy/Hold:  Jerry ranked 9 holds, with no buys.  

Sell/Hold:  Jerry ruled 2 sells; NVDA and XPO.

Watch List:  There were no additions or deletions from our current "watch list" which consists of the following:  CHDN, AVGO, ATVI, CRM, SNE, LMT, ALXN, AMTD, ILMN, and IAC.

·       Education No education segment was presented, since we have moved the educational report to the end of the meeting, where there usually is no time left.  Sad for some, joy for others.  

Stock Presentations:

A lot of stocks were thrown out there for consideration.  Lloyd Mielke suggested a REIT; APLE.  Tom Nyberg suggested we look at "Pot Stocks" like CGC, and APHQF.  Guest, Elliot suggested we go with the ETF; MJ.  He then offered GWPH a British pharma that produces a mood altering chemical drug.  Jerry came back with his suggested CRM, ILMN and IAC.  He recommended we place limit orders on all of them at their 200-day MA.  Pat Stahl suggest FDX.  Dr. Dave reiterated a stock he had sent to all of us via email.  He claimed they will report in 2-day, and we can get rich with EARS, a hearing-ad innovation company.  Sam Charchian jumped in with "Don't buy anything until after the mid-term elections.

Investment Business:

A motion was made to dump all of our NVDA at market, which passed.  Then a 2nd motion by Jerry Dee to sell all of our XPO also passed.  Sam them made a motion to "reconsider" the NVDA motion (since he voted in the affirmative).  The motion to reconsider passed.  Sam moved to amend the NVDA motion to sell at a "stop" at $225.  Realizing the sagacity of this move, the motion easily passed.

Jerry moved to let a limit order on 50 shares of CRM to buy at its 200-day MA which was $132.  That passed.  Then, 25 shares of ILMN at its 200-day, which was $280.  That passed. Then 75 shares of IAC at its 200-day MA which was $164.  That passed.  The motion was then amended to change the 75 shares to 50 shares.  That passed.  

·       The Finale':  We voted; then welcomed Elliot into the club.  Guest comments were mostly about being impressed by the sagacity of our beloved secretary.  A round of applause was granted to Doug for his selfless contribution to our meeting by bringing, setting up and operating his laptop and projector. 

Closing:  It was 8:30, David Mitchell dropped the gavel.  

Liar's Poker Highlights:

We had 7 players for Liars' Poker with the inclusion of Dr. Dave and Tom Nyberg.  We missed Tim Deegan, but were fortunate to have a good group playing.  It started out with Dr. Dave determined to take the King of the Hill away from the pompous self-award bearing Norm Grant.  After several failed costly attempts, Dave backed off.  Art was his usual self, bidding conservatively sometimes, and then going forward like a madman with outrageous bids.  Norm and Jerry were somewhat subdued all evening until late, when a miracle and a misstep by Tom Nyberg enabled the normally subdued Jerry to go for the Grand Slam.  We were all shocked when he took the throne from Norm.  Bill Kalina actually was a bit more aggressive, which caused him to overstep losing a few rounds. Sam, played brilliantly and left with a few bucks ahead.  Art had a rough night...financially.  As usual, Jerry made a few "love dates" during the game, as his mind seldom roams from "chicks" and "strippers", except when he was watching the Packers game on his phone.  Winning KoftheH was a miracle.  See photos below.                        

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