Subject: ybya: 11-15-2001 Meeting Minutes Date: Fri, 16 Nov 2001 04:24:02 GMT From: Mary Nash Reply-To: "You Bet Your Assets, LLC" Organization: https://www.bivio.com/ybya To: ybya@bivio.com Present: Jim, Richard, Paula, Tom, Celina & Mary Celina stated tht she carried the authority to vote in proxy for Mark. Current portfolio positions, value and checking account balances were provided in hand outs Portfolio value is 3689.76 as of 11/15/2001 (generally finanicals are based on the previous months statements) Cash in Scottsdale is 3908.75 Cash in checking account is 1357.36. Total cash in both accounts = 5266.11 Richard reviewed NAIC's philosophy of regular investing, and NAIC's recommended protfolio allocation of 25% small cap, 25% Large cap and 50% medium cap companes. He also shared the Risk pyramid / \ [ Higher risk earns more] / OPTIONS \ / BANKS \ / SIMILAR TO exxon \ / USTreasury Bonds & REITs \ [lower risk earns less] and suggested that we begin purchasing with the lower risk kinds of stock. He also recommended that members go to the Library and check out Value Line on a regular basis, checking out what industries are projected to grow in the near future. BIVIO will start charging for its accounting and website services. A vote was taken to purchase for the $59 an annual subscription to the service. It passed unanimously. NAIC is offering software which will complete the SSG and includes a wizard for help. A motion was put forth to purchase the software which is advertised in the Better Investing magazine for $59 plus S&H. The motion passed unaniously. An article on Marvel was provided. The last paragraph stated that Marvel has filed an anti take over plan with the SEC...........which means it s management s preventing another company from purchasing it. Motion was made to sell Marvel, unanimous vote to sell our shares of the company. Motion was made for one person to purchase and sell through Scottrade at a time, Cleina being desgnated tonight, though all can access the account to look at portfolio. Vote was taken 6 for one against. Motion passed. Celina will sell Marvel. Celina gathered members checks for Dec. payment and wil mail to Pat. Tammy & Nick would you please mail them to Pat as well? Next meeting will be at Celina & Marks' on Dec. 20th. Because it is so close to the Holidays it will be a potluck. 7:30. Meeting adjourned. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I suggest we all update our contact information.....address, phone and e-mails by the end of Dec., either through Bivio or someone start one email and pass it along. See you all in December!