WSJ.com: Economy

Friday, March 30, 2012

Ellen's Investment Club March 27, 2012 Meeting Minutes


ELLENS DEGENERATES SHARE CLUB MINUTES

March 27, 2012
Miles Nadal Community Centre
Room 102
7:30 p.m. – 9:30 p.m.
Meeting facilitator: Mary Renner-Dray

We revisited our members' past stock picks from January 17, 2012. As of March 27, 2012:

  • Lululemon (TSE:LLL): +20%
  • Starbucks: (NASDAQ:SBUX): +16.28%
  • Saputo: (TSE:SAP): +11.61%

We reviewed Constellation Software (TSE:CSU) and Qualcomm (NASDAQ:QCOM) respectively as we discussed how the Technology sector fits into the sector rotation and stock market trends.

We also looked at cyclical buying opportunities based the book “Seasonal Market Trends” 

During our round table stock review,  Inter Pipeline Fund (TSE:IPL.UN) was recommended. More information can be found stockchase.com.  Fund Manager Michael Decter of Redwood Diversified has followed this stock with positive outlook.

Just a reminder technical support is available during Open Forum for members who have troubles getting Club emails or invites.

Next month we will have David Stanley, co-founder of Guelph Share Club and contributing writer for Canadian Money Saver to come and speak to us about dividend invest. Please stay tuned for exact date and time.

THANKS TO EVERYONE FOR A GREAT  MEETING!!!!

Friday, March 16, 2012

Ellen Degenerates Share Club Meeting Tuesday, March 27, 2012

AGENDA
ELLEN DEGENERATES SHARE CLUB

TUESDAY, MARCH 27
7:30 – 9:30 P.M.
ROOM #102
MILES NADAL COMMUNITY CENTRE
720 SPADINA AVE. (AT BLOOR)

THEME: TECHNICAL / SOCIAL COMMUNICATION STOCKS


We’re looking for 2 volunteers to present a detailed analysis of a technical or social communication stocks you currently own or are researching to buy.

If anyone is attending Larry Berman’s seminar let me know if you can provide a brief summary or highlight of the seminar(s).

Please email mdray@sympatico.ca to be put on the agenda.  Thanks.


  1. Administration: 7:30 – 7:35
    • Treasury Report
    • Past Pics: handout
  2. Technical Stock Analysis: 7:35 – 8:15
    • Qualcomm (Mary)
    • Volunteer #2
    • Volunteer #3
  3. Cyclical buying opportunities (Meena): 8:15 – 8:30
  4. Larry Berman’s Seminar Summary and Highlights: 8:30 – 8:40
  5. Round Table Stock Reviews: 8:40 – 9:00
  6. Open Forum: 9:00 – 9:30
    • Guest Speaker recommendation (Gordon)
    • Google communication tool tutorial (Luke)

Thursday, March 1, 2012

We had over 30 people attend the presentation by Gail Bebee "Ten Common Investor Ills and How to Cure Them".   Below is her summary sheet and you can always check out her website at www.gailbebee.com


Ten Common Investor Ills and How to Cure Them


1    Not having a financial plan 
Ask your financial advisor to prepare a plan, hire certified financial planner or do-it-yourself
2    Too much debt
Stop spending! Find money in budget and set up a schedule to pay off debt ASAP especially outstanding credit card balances
3    Missing out on free money from the government   
Consider Tax Free Savings Accounts and Registered Education Savings Plan
4    Not paying yourself first
Set up automatic payday transfer from bank account to savings account. Or join workplace savings plan.
5    Accepting your financial advisor’s recommendations without question
Choose your financial advisor carefully and independently assess his/her recommendations before making a decision
6    Not kicking the tires before you buy a mutual fund
Before buying a mutual fund, review fund company information and do your own research using independent sources
7    ignoring the impact of income tax on your returns
Know how your profits are taxed and invest accordingly
8    Unrealistic expectations on return rates
Get real about investment return rates and plan accordingly
9    Taking the ostrich approach to planning for retirement 
Start planning for your retirement now
10  No emergency fund
Set aside at least 3 months expenses in liquid investments