Sunday, May 19, 2002

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MINUTES OF INVESTMENT CLUB MEETING

Sunday, April 28, 2002

MEMBERS PRESENT: Toni Pinckney, Greg Joseph, Renee Patterson, Preston Younger, Janice Hackney, Nancy Pierre, Deborah Hauges, Sallie Williams, Gretchen DuRant

MEMBERS ABSENT: Gay Chestnut, Ike Chestnut, Zandra Coles, Lee Hollie, Tabatha Williams

MEETING COMMENCED: 4:10 p.m.

  1. Minutes of the March 24, 2002 meeting were read and accepted.

  2. The financial update was reviewed.

  3. Report of SSG Intermediate Class
    SSG Tutorial was discussed. It was recommended that members download this tutorial to better understand the SSG.

    www.douglasgerlach.com/ssg

  4. Beneficiary forms were redistributed. A notary will be available at the next meeting for the convenience of the members.

  5. A Great Day motivational quote was read at the start of the meeting: www.greatday.com.

  6. Stock Update:
    CAKE - up $10 JNJ - up $10
    PFIZER - dn $3 GE - dn
    ADCT - dn NOKIA - dn$5
    BBBY - up $10
    Related articles were read to the group.

  7. STOCK CONTEST:
    The largest percentage increase of each members chosen stock will be the criteria upon which the winner of the stock contest is selected. Contest sheets were distributed by Renee. At present Renee is ahead. Each member must present on the company that they are following or are interested in. In order for any member to become eligible for the contest, they must do a presentation on their chosen company. The contest ends on September 30th. First and second place winners will take a 70/30 split.

    quicken.com — create your own portfolio. Go to WIG website —* portfolio icon, WIG Westchester, under name, password is INVESTMENT

  8. Schedule for Presentations:
    May:
    		 Renee, Gretchen, Toni
    June:
    		 Janice, Greg, Zandra
    July:
    		 Preston, Nancy, Sallie
    Sept: Pt. 1 Gay/Tabatha
    Sept: Pt. 2 Lee/Ike

  9. Business Investors Update:
    Deborah presented FACTSET, information services industry. After the presentation, the group voted to purchase 25 shares of FACTSET stock. The group discussed selling ADCT stock. Renee will reevaluate the ADCT stock to present at the next meeting.

  10. Committee Updates:

    • Portfolio: Deborah, Chairperson. An SSG for the stock of every company that we own should be kept on file. An SSG is good for one year.
    • New Member Commiftee: Nancy, chairperson — Zandra & Preston
    • By-Laws: Renee, Chairperson — Lee, Greg, & Gretchen
    • Audit: Lee, Chairperson
    • Scholarship: Ike, Chairperson — Greg & Zandra
    • Fund Raising: Tabatha, chairperson — Gay & Sallie
    • Education: Greg, Chairperson — Renee & Tabatha

  11. 2nd Anniversary Meeting: Group voted to go to the Cheesecake Factory.

  12. Concerns of the group: Purchasing too many stocks.

  13. A Black investor group, COBIE was discussed. We voted as a group to obtain a club membership to The Coalition of Black Investors.

    14. MEETING ADJOURNED: 7:15 pm