Meeting Minutes
Yearly Overview
September 30, 2007
THSC Family Life Center
Board Members Present:
Carleton Brown, President
Claudette Holt, Vice President
Demond Williams, Treasurer
Sharllette Frazier, Secretary
Anthony Stanley, General Board Member
Torvac Amos, General Member
Guests:
Tamekia Brown
Lashanda Amos
Trenie Stanley
Call to Order
1.) The meeting was called to order at 3:20pm by President Carleton Brown.
2.) Previous minutes were addressed by Secretary Sharllette Frazier.
a.) Minutes Motion:
1.) Motion was made by Treasurer Demond Williams to accept
the September 9, 2007 minutes as read.
2.) Motion was seconded by General Board Member, Anthony Stanley.
Motion approved.
Financial Report
1.) Club dues were collected by Assistant Treasurer Demond Williams.
Stock Holding Updates
Coach: 10% at $45.00
Select Comfort: 10% at $17.28
CVS-Caremark: 15% at $37.19
Knight Transportation: 10% at $17.38
Please check the website to find updates on your account.
Education Program- Presentation by President Carleton Brown
Our Annual Report:
About Us
Brief History
The Journey Begins
Accepting the Task
Beginning the Work
October Meetings
Laying the Foundation
Our Mission and Principles
Picking a Broker
Accounting and Banking
Outreach Program
Education Program Takes Off
2007 Education Schedule
Stock Studies/New Investments
Making our 1st Investments
Current Market
Remainder of 2007
Sharing Comments (the good, the bad, the ugly):
President Carleton Brown: I would like to see more group participation, then I will know
we are growing as a group.
Vice President Claudette Holt: It would be good to have more young people to mentor.
Secretary Sharllette Frazier: I have been stretched a lot, but the education about
investments has been great.
Treasurer Demond Williams: The education has been good. I would like to have more
time to learn more.
General Board Member Anthony Stanley: At first, it was intimidating, however, I still
desire to learn more. I regret not being able to make all of the meetings.
General Board Member Torvac Amos: I wanted more education on long-term investing.
I have a new sense of awareness. The exercises have been helpful in my
personal investments.
Guest, Lashanda Amos: I have always been interested in stocks. The club gives me the opportunity to expand.
Guest, Trenie Stanley: It is exciting to see this (club) happening.
Guest, Tamekia Brown: Carleton works hard and he is very passionate. I can see a lot of
time has been put into this.
Motion was made by Lashanda Amos and seconded by General Board Member Anthony Stanley to adjourn the meeting. Motion was approved. The meeting was adjourned at 4:12pm.
Next monthly meeting: Sunday, October 28, 2007 at 4:30pm at the home of Demond Williams.
Meeting Agenda:
Club President, Bro. Carleton H. Brown - Call Meeting
to Order
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Bro. Carleton’s invites
please stand at this point)
Club’s General Board
Member, Bro. A.L. Stanley - Prayer
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Bro. Anthony’s invites
please stand at this point)
Club’s General Board
Member, Bro. Gary Morgan – Welcome
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Bro. Gary’s invites
please stand at this point)
Club Secretary, Sis.
Sharllette Frazier – Club Secretary Report
Review and approve past meeting minutes
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Sis. Sharllette’s invites
please stand at this point)
Record current meeting minutes
Club Vice President,
Sis. Claudette Holt – Club Vice President Report
Brief description of education program & updates
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Sis. Claudette’s invites
please stand at this point)
Club Assistant
Treasurer, Bro. Demond Williams – Club Treasurer Report
Update on current club financial information
Introduction of self
Explanation of job responsibility
Acknowledgement of invites
(Bro. Demond’s invites
please stand at this point)
Club President, Bro.
Carleton H. Brown - Education Program
BetterInvesting: An Overview
Assignments
Sign- up! Become familiar with the By-Laws and BetterInvesting
Adjournment
Next Meeting:
Enrollment &
Club Social Time! J
Always remember...
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Besides being educational, the club is a business. You may have fun, but you should consider it as seriously as you would a business. |
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You can save a great deal of time if everyone is prepared. Each member should have a loose-leaf binder containing all the important documents. For any presentations, copies of the documents should be made for each member. |
Meeting Minutes
Brown’s Home
Board
Members Present:
Carleton
Brown, President
Claudette
Holt, Vice President
Sharllette
Frazier, Secretary
Demond
Williams, Assistant Treasurer
Gary
Morgan, General Board Member
A.L
Stanley, General Board Member
Call
to Order
1.)
The meeting was called to order at 3:15pm by President, Carleton Brown.
2.)
Previous minutes were addressed by Secretary, Sharllette Frazier.
a.) Minutes Motion:
1.) Motion was made by General Board Member, Gary Morgan to accept the
September 23, 2006 minutes as read.
2.) Motion was seconded by Vice President, Claudette Holt.
Motion approved.
Financial Report
1.)
Remained of fees were collected for club membership and club contract
was signed by all board members.Stock Holding
Updates
No
stock holding updates to report at this time.
New
Investments
No
new investments at this time.
President’s
Walk Thru:
Thank
you for all of your support!
Official
Membership
Collection
of Resumes and Background Checks
Signing
of Contracts to have on file
Collection
of unpaid initial fees & dues
BetterInvesting
Membership
Copy
of receipt for paid members
Should
have received a packet that included…
Member ID
Better Investing handbooks
Break
down of initial fees so far
$11
each for State/City Registration (not all have paid – treasurer report)
$40
divided four ways for paid members (Club Membership to BI)
$25
each for individual membership that includes magazine and comp. access
Upcoming
fee deductions
Bivio.com
Brokerage
company initial deposit
Resources
for formal interest meeting: mail outs, stamps, food etc.
Stock
Data
Fidelity
Bond Coverage (Rates Vary)
Metropolitan
National Bank (Treasurer Report)
Neighborhood
Business Checking
Non-interest
checking account with online accessibility
$100
minimum balance to open
No
monthly maintenance fee
50
FREE total deposits, deposited items, checks or withdrawals
$.53
per item in excess of 50 per statement cycle
Image
Checks included in the monthly statement
Our
banking account includes four members’ dues @ $150
Members
are Carleton H. Brown, Gary Morgan, Claudette Holt & Demond Williams
Each
member paid an amount of $272 minus $11 (state/city reg.) equals $261 minus $10
(club fee to BI) leaving $251 minus $25 (individual membership to BI) leaving
$226. Multiply $226 by four and that leaves $904 with one exception (Claudette
actually only paid $271) so subtract $1 and we have $903 left in the bank; $150
for each member toward investing which times four is $600; so, we only have
about $303 for the remainder of fees until we get more members (that is about
$76 left from each member toward fees).
NAIC
Gary
and Carleton attended the NAIC volunteer branch of Central AR
Leadership
Change
Associate
Director: President Carleton Brown
Scottrade.com
National
Meeting (June 21st in
Discounts
Stock
Selection Guide Sheets (Stock Data)
Future
Calendar (SSG class will take place on
Packet
Creation
Need
large mailing envelopes about 9X12 in size (pull & seal)
Need
postage, possibly staples, hole punch, & copies
Should
include…
Invitation
Letter (20 copies)
Copy
of Intro. &
The
agreed upon partnership agreement w/ sample explanation (46 copies)
By-laws
& explanation of the roles of each board member (26 copies)
CFIC
Membership Application Form (26 copies)
Assignments
-Date
of formal meeting:
-
-Demond
and Sharllette will be responsible for refreshments
-Demond
will be responsible for projector
-All
members contact a potential member to make sure he or she has received packet
-All
members should email resumes to President Carleton Brown or Secretary
Sharllette
Frazier before next meeting on Dec 3. Background checks should also be
completed by this time.
Motion
was made by General Board Member, Gary Morgan, and seconded by Assistant
Treasurer Demond Williams to adjourn the meeting. Motion was approved. The
meeting was adjourned at
Meeting Minutes
Sharllette’s Home
Board
Members Present:
Carleton Brown, President
Claudette Holt, Vice President
Sharllette Frazier, Secretary
Demond Williams, Assistant Treasurer
Call
to Order
1.) The meeting was called to order at
2.) Prayer by Assistant Treasurer Demond Williams
3.) Previous minutes were addressed by Secretary
Sharllette Frazier.
a.) Minutes
Motion:
1.) Motion was made by Assistant Treasurer
Demond Williams to accept
the
2.) Motion
was seconded by Vice President Claudette Holt.
Motion approved.
Financial Report
1.) Club dues were collected by Assistant Treasurer Demond Williams.
2.) Please check website from now on to find updates on your account; this portion of the
website will be updated by Demond Williams.
Stock Holding Updates
No stock holding updates to report at this
time.
New
Investments
No new investments at this time.
Presentations
- Club Secretary – Presenter, Sis. Sharllette Frazier
Research Guidelines for Quality Companies
Multex website
- Club Vice President – Sis. Claudette Holt
Value Line Part Two
Statistical Array
- Club President – Bro. Carleton H. Brown
Stock Study Ideas
WAG
Received “Research Guidelines” handout from President Carlton Brown.
Announcements
Our regular monthly meetings will be updated and maintained on our website by Sis. Claudette Hoyt; Also, past minutes, agendas, and/or announcements will be updated and maintained on our website by Sis. Sharllette Frazier; Bro. Stanley will be over recruiting – send potential members to Bro. Stanley to be debriefed, oriented, and/or invited to our meetings.
Reminder - Purchase Toolkit software to begin studying stocks (for those who feel that they would rather have Take Stock – purchase that one instead)
BINC in
Motion was made by Vice President Claudette
Holt, and seconded by Assistant Treasurer Demond Williams to adjourn the
meeting. Motion was approved. The meeting was adjourned at
None to report at this time
None to report at this time