Rotary Club of Miami Evening Satellite Club

ZOOM Meeting on October 20, 2021

 

This week, we had a joint meeting between the Rotary Club of Miami Evening Satellite Club and the Alpha Generator Investment Club, LLC.  Robert Bull welcomed everyone to the meeting,   

 

Announcements:

Celebration of Life: This coming Saturday, October 23^rd, there will be a Celebration of Life in honor of Tim Ryan.  This Celebration will be held at the Fire Tower in Doral.  Please let Diane Landsberg if you will be attending.  She will hold places so that we may sit together.

 

In-person Club meeting In-person meeting will be held at the Miami Yacht Club on Thursday, October 28^th.  Due to COVID restrictions, there will be a limit of twenty-five in-person attendance, as well as a simultaneous ZOOM broadcast/meeting.  Please RSVP and pre-pay.  Our guest speaker will be the District Governor.

 

Halloween Party: On Saturday, October 30^th, there will be a Halloween Party at Diane Landsberg’s home.  The dress theme is: “Come as you were in the 70’s”. Pre-paid RSVP’s are required.  The cost is $25/person which includes dinner, drink and music.

 

Coral Restoration: On Novermber 20^th, we will be conducting a coral reef restoration program.  We will meet in Key Largo for training at the Coral Restoration Foundation.  In the afternoon, we will board a boat and travel to a coral nursery in Tavernier and then continue to Pickles Reef.  For further information, please contact Robert Bull.

 

World Polio Day: This important date is coming up on October 24^th.  Further details will be provided at the Thursday meeting on October 21^st.

 

Alpha Generator Investment Club:

A basic review of the goals and objectives of this Investment Club were presented. The by-laws had been previously distributed.  We responded to several questions/inquiries: such as how new Members will be included, how existing members will be guaranteed that their gains/losses will not be diluted by the addition of new Member and how the performance of the Investment Club will be taxed (income taxes).  An explanation of the K-1 tax form was provided.

A review of the market weightings as provided by Fidelity was explained and a brief description of a portfolio analysis was discussed.  We reviewed the performance of the Information Technology sector was presented, along with a commentary of the two best performing ETF’s of this sector.

An investment committee will meet next week, to review different alternatives for a diversified portfolio for this Club.  The committee’s recommendations will be presented to the Members of the Investment for their approval.

Additionally, we will have a “paper trading” platform on ThinkorSwim to analyzed different alternatives and technical analysis.  We also made a simulated "paper trade" of Cisco systems (CSCO).  We also "bought" 100 shares @ $56.01.  Now we may track what would have happened as time goes by. We also made a simulated "paper trade" of Cisco systems (CSCO).  We also "bought" 100 shares @ $56.01.  Now we may track what would have happened as time goes by.

 

Thursday’s Midday Meeting: This Thursday’s keynote speaker will be Grace Perdomo who will talk about how they are working to make our streets walkable, our neighborhoods bikeable and how to improve public transportation.

 

Four-Way Test: As we ended the meeting, Club President, Noreen Timoney, led us in the Four-Way Test.