Investment Club Accounting, Tax Preparation and …



Cincinnati Model Investment Club MinutesMidpointe Library – September 21, 2019Call to Order: Presiding Partner Richard Alden called the meeting to order at 9:45 am. Proxies were noted. Guests in Person: Kashara JonesGuests on Webinar: Dan Kuhl, Larry Averbeck, Linda Miller, Susan Tanow, Henrietta GoolsbyNameHereProxyNameHereProxyJackie KoskixHarrison BaumbaughwebBetsy Eller, Financial PartnerDeneMary ThomasxCraig JacobsenxGregg HopkinsxMarty EckerlexNelson PageJackieGerry Geverdt xFrank Bicknell Dene Aldenx Michele Grinoch webFrankRichard Alden, Presiding PartnerxKate LesterxCheryl HargettwebBill MeehanwebNote: Parentheses denote provisional presence or proxies should members not be present for the full meetingRecording Partner’s Report: The meeting was called to order at 9:50 am. Minutes of the August 17 meeting were approved as posted on August 23 , 2019.Financial Partner’s Report: Current financial report, current cash balance $ 7529.76Announcements: FREE! (donuts, too) “Workshop Using Better Investing Tools” – Sat, Nov 2, Midpointe Library Rm C, 9:30 am, presented by OKI Chapter of Better InvestingClasses and webinars: see BetterInvesting Magazine ONLINE section opposite CONTENTS. Other investing educational sessions: Register on the BI web site for “Ticker Talk” and Stock-Up”. - “The Roundtable” and “Turn Out Tuesday” occurs each month sponsored by BI Mid-Michigan Chapter. Register with both by contacting: nkavula1@Old Business: NoneNew Business: Stock study and education schedule updated CinMIC Portfolio ;Pounce List Companies.Stock Presentation: Mary Thomas presents Insperity (NSP). Stocks to StudyEducation: Cheryl Hargett presented on stock buybacks.Rich Alden presents on The Need For Speed, a reflection on how small companies can become large, and the increasing pace of technolological change. Book recommendation The Lean Startup by Eric Reis. “The pace of change in the last 15 years is faster than the first 9000.” GartnerPortfolio Report:Marty presented an overview of the portfolio. There were good reasons for the watcher’s to have recommended the Buys.Buy/Sell Decisions: (motion/second: action, type, yes/no/abstain)Craig/Marty: Buy, 30 SCHW Window 12/2Mary/Marty: Buy, 20 NSP Limit $95 11/3Kate/Greg: Buy 5, ULTA Window 11/3Rich/Cheryl: Buy 1, BKNG Window 12/2StockSymbolWatcherWatcher: Buy/Hold/SellSSG: Buy/Hold/Sell# of Shares% of PortfolioYear EndApple AAPLJackieHOLDHOLD9512.3Sep.BookingBKNGRichBUY 1 shBUY44.8DecC. H. Robinson CHRWCherylHOLDBUY1507.5DecCBRE GroupCBREMaryHOLDHOLD1504.7DecCharles SchwabSCHWCraigBUY 30 shBUY1102.8DecCVS HealthCVSDeneHOLDBUY1656.2DecDanaherDHRHarrisonHOLDHOLD1109.4DecFastenalFASTRichHOLDHOLD4007.6DecHome DepotHDNelsonHOLDHOLD456.0DecLKQ Corp LKQFrankHOLDHOLD4007.5DecLam ResearchLRCXBill101.4JunSignature BankSBNYCraigHOLDBUY1107.8DecStarbucksSBUXGerryHOLDHOLD804.3SepTractor SupplyTSCOGregHOLDHOLD1457.8DecUlta BeautyULTAKateBUY 5 shBUY253.4JanVanguard Healthcare ETFVHTJackie202.0---Pounce/Watch ListStockSymbolWatcherPresentedRecommendation/RemarksVisaVHarrison6/22/19Future meetings: Mid-Month Portfolio/Stock Committee: Oct 5, webinar; Regular meeting: Oct 19, Library Board RoomStock Study: Gregg - TBD; Education: Jackie – TBD; new members may alter this scheduleAdjourned: by Rich at 11:45 amSubmitted by Kate Lester, Recording Partner ................
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