General Meeting - 12/4/07

OIG General Meeting – 12/4/07

Schedule for the rest of semester
12/11 – CDO –Holiday Party
12/18 – Finals – No Meeting

Next week – Holiday Party at CDO
- explain some of the resources available there
- you can drop off your resumes
- there will be food – possibly pizza and cookies from Peace a Pizza and Hope’s Cookies

Meeting Time for next semester
- let us know what times work for you

Stock Market
- has been very volatile lately
- we haven’t lost any money but we aren’t making any either
- we may have too many financial stocks
- Citigroup – lost around $3000 with just this stock
o Possibly sell this stock
o Vote! – sell all of Citigroup
- have a lot of Goldman Sachs - $16,000
o possibly sell some and buy more of a tech stock – apple?
o It is a good stock but we have too much of it
o Vote! – sell half of GS
o Vote! – buy 50 shares of Apple
- ETFs – allow of to buy into an international market in the domestic stock exchange
o Purchase an iShare that tracks the EFA index
o Like investing in the S&P – but the European one
o EFA – how the European market is performing
o It is doing a lot better than the US market
o Vote! – invest $3000 in iShare that tracks the EFA index

Suggestions about the meetings
- discuss the whole portfolio with the entire club
o this way we can see how the actions in one sector balance out or affect the other sector
- next semester – more speakers
o author – One My Own Two Feet
o John Griffith – Bryn Mawr endowments
- maybe if club members are more comfortable – can come up and give presentations
o be to your advantage if you are interviewing for summer internships
- club donations again – one meeting again this semester
- if you want to start every school year with $100,000 – that amount is different now than it was when the money was first donated

Federal Reserve Board is meeting this week
- expected to cut interest rates this week
- our stocks will go up

John Clemens
- diversify your stocks
- companies like Enron can crash and burn and you don’t want to have most of your stocks in a place like that
- mutual funds let you invest and sit back
o don’t have to worry about
- mutual funds – put your money in a pool of money – investors invest that pool of money into a group of different stocks
o diversified shares and someone else is managing it
o in it for the long haul
o just need to keep track of whether it is performing with or above the S&P