G.P. War Memorial, prior to SMC meeting. Co-Chairmen, John Swegles (313-303-9995), Dan Beck (313-881-0322), and Treasurer, Don Stanitzke (313-886-0143).
Note that the Investment SubClub will meet now on the fourth Tuesday of the month and in a new location, the Crystal Ballroom, eliminating the room fee.
August 22 meeting subject:
Global Opportunities/Market Outlook: Attendees: Non-Members: (2)
Speaker: Marcus Anderson- Delaware Investments; Blake McLellan- Morgan Stanley.
Members: (10) Tom Bidigare, George Buono, Tony Diedo, Ched Fine, Carson Gruenwald, Denver Higley, William Holdman, Robert Kienle, Pat Mc Keever, Sal Testa.
1) Looking at five of the largest companies in the S&P index (Apple, Alphabet, Microsoft, Berkshire Hathaway, and Exon Mobil) in certain cases, these companies’ non-US revenues significantly eclipse the revenues from their US operations. 2) As of June 30, 2017 annualized total returns for Emerging markets , Europe and Japan have outperformed domestic stocks. Australia is leading the way with the highest divi-dend yield within the developed world.3) Many investors do not realize that there are opportunities all over the world. Many U.S. companies generate revenue overseas , and many foreign companies generate their revenue from the U.S. It is important to have a diversified portfolio; some markets underperform and others are out- performing. Come join your fellow members at the next meeting, Tuesday, Sept 26.
Reported by Tom Bidigare