Logo for: Rotary Old Saybrook

OS Rotary Meeting of 06/16/10

Pledge  President Keith

Prayer Gerri Lewis  remember bill Suits and Ran King

Song  Bill McL  comedy of errors

Flim/Flam  High Hand   Bill McL   been an long time since last win

Raffle  Guest Stephen Bates  Bill Bernhardt  Bill O;Shaughnessy

Happy Bucks  and  Sad dollars

Thoughts and prayers for Bill Suits and Ran King both very ill  Bill S not in coma but critical.

Happy for young folks graduating from High School, Sean Hallahan Lyme-Old Lyme High School,

Carroll B  story about old Texan and young gun slinger avoid arrogance don't waste ammo, and don't mess with old timers.

Essex Financial Services  Stephen Bates and Clark Stahl
Bob Hester made the introductions They then gave an overview of The Rotary Club of Old Saybrook Foundation current investment portfolio. Objective capital preservation and generate income. Investments are 30% large cap and 70% fixed income. Annual income targeted at $20,000 +/-. End of the year will bring a more defensive posture to conserve capital, however income may suffer. Handling fee is 1/2% of portfolio,presently just under $500,000.00  Difficult to grow the portfolio at present. 

THE FOUR WAY TEST
of the things we say or do

FIRST 
    Is it the TRUTH?
SECOND
    Is it FAIR to all converned?
THIRD
    Will it build GOODWILL and BETTER FRIENDSHIPS?
FOURTH
    Will it be BENEFICIAL to all concerned?