Investment Strategies

 Feb 6 - David Kline, our club treasurer, gave us a most enlightening presentation on Investment Strategies.  Dave walks the talk - he is retired and actively manages his own assets. He made a conscious decision to educate himself and he dedicates several hours a week to this management task. He has been very successful and has averaged 8% returns every year since 2000. He emphasized that his comments did not deal with taxes or estate planning. One of his major messages was the importance of starting early; he gave several examples of how fast funds grow with steady savings and compound interest. He recommended that one should understand the cost of having someone else manage their funds. Dave stressed the importance of diversification. With respect to stocks, he believes in setting a Stop Loss at 25% and selling half whenever a stock doubles. His presentation was well appreciated and  generated considerable discussion.  Thanks Dave.