Mass Chapter BI Monday Memo 7/14/14
To All Chapter Members:
Well we hope that you are having a great summer. The market seems to be holding up despite a lot of potentially negative news.
The Mass Chapter has been chosen by BI to participate in a yearlong pilot program to undertake and evaluate a series of activities designed to increase membership. The project is just starting and we will let you know more details as they emerge. In addition, the Chapter is initiating some of its own actions to extend our outreach throughout the state.
As mentioned in previous Monday Memos, the best way to become competent in using the SSG is to take the excellent webinars provided by BI as well as studying their accompanying books. However, we have run across a particularly good book called “Take Stock” by Ellis Traub which although written some time ago is a particularly good reference to understanding the SSG. After reading the material, among other useful skills, you will be able to acquire a significant amount of insight about the company under discussion just by observing the front page chart. It is highly recommended.
The book is available with an accompanying CD to supplement it. However, if you are on the frugal side, you can obtain a used copy (no CD) for about $0.10 at Amazon. With shipping it usually comes in less than $4. That’s a really big bargain. Master this book and you’ll be well on your way to becoming an SSG guru.
Another book which we have heard is pretty good is called “Stocks Under Rocks”. The Amazon description begins: “Find great stocks "in your own backyard": master do-it-yourself research techniques for uncovering today’s best small-cap equity opportunities!”. Seems a college professor sent his students out to look for these hidden gems which we would all like to find. The book is highly recommended by MaryAnn Rensch the BI Assistant Director for the Northeast Region. She comments: “It's written by a prof at Tulane. He has university students study small companies in the South and compile reports. In the last chapter he advocates starting investment clubs. I found it very entertaining.”
If you do read either of these books, we would be happy to publish your comments in a future Monday Memo.
AND SPEAKING OF BOOKS…
A number of Chapters sponsor book clubs both online and in a live setting. The Mass Chapter is interested in fostering that tradition so if you read books related to investing and would like to share your ideas with other Mass Chapter members, let us know.
It may be the lazy hazy days of summer but the Chapter is busily engaged in a number of interesting developments which we hope to elaborate on in the coming months.
The next edition of the Monday memo is scheduled for publication on Monday July 28.
As always we request that you ensure that all members of your Club get this edition of the Memo. Please pass it along.
President Mass Chapter BetterInvesting
Paul Graveline President Paul.Graveline@comcast.net
Ernie Felzani Vice President VicePresident@mass.betterinvesting.net
Member Contact Line: 508-337-2730
Upcoming Chapter events:
THIRD THURSDAY Mass Chapter Model Club Bedford. Contact: Ernie Felzani VicePresident@mass.BetterInvesting.net Next Meeting Aug. 21
TBD Club Visit Boston Refuse to Lose (Portfolio Review)
TBD Ladies of the Season Investment Club (Portfolio Review)
Clubs looking for new members:
Mass Chapter Model Club Third Thursday Bedford 700p Ernie FelzaniVicePresident@mass.betterinvesting.net Next 5/19
Yankee Chapter Model Club Second Saturday 1100a-1230p ONLINE ONLY CLUB firstname.lastname@example.org. (Anyone is welcome to attend even if they don’t have an interest in joining)
Sea Notes Investment Club Yarmouthport firehouse Margaret Kanemek6224@aol.com.
See the Monday Memo above for the latest Mass Chapter events.