Interview Summary


Vikki, I want to summarize what we discussed earlier today:

 

At various times, we owned between 15 to 20 different stocks.  As we discussed, we watched the market regularly and was in and out of the market on different stocks depending on how they were doing.  While we moved in and out on many of the stocks, the following ones paid off very well.  While they made us a lot of money, we could have made more if we had treated them as we did others by selling them while they were on the way up vs on the way down.

 

Top Five Stocks (8/28/99 data)

            IBM                            Block of 150                115%   change              106      123

            Yahoo                          Block of 200                335%   change              45.5     152

            Cisco                           Block of 450                564%   change              12.2     69

            AOL                            Block of 200                597%   change              17        100.5

            Amazon                       Block of 150                271%   change              47        128.5

 

                                                           

 

We owned multiple blocks of these stocks at various times.  As the market softened in late 2000 and early 2001, we started to divest some of these stock and started to look at more diversification and we started to put stop losses in place.  In late 1999, we set up a separate company to raise funds to aggressively invest in the stock market with the intention of staying six months, taking the profit and purchasing some real estate property.  We were successful in that effort and purchased a rental property for cash.  That property currently has long-term renters in it and is bringing in approximately 1200.00 per month profit.

 

This home was purchased for 150,000 and is currently worth about $350,000 to $400,000.

 

We purchased our second property in Merced California.  This is where a new UC California is being built.  We purchased the property for 230,000 (about 50K in upgrades) and have been renting it out.  It is currently unrented and we are considering selling it taking the profits and reinvesting the proceeds in some real estate property closer to the San Francisco bay area.  The house is worth approximately 387,000 (157K in profit).

 

Our current portfolio is as follows:

Top Five Stocks/percentages of stock portfolio

            Constellation Brands 19%

Helmerich & Payne Inc         10%

Brown & Brown, Inc  8%

Genlyte Group, Inc                8%

Starbucks Corp                      7%

% of total stock portfolio      52%

 

Other stocks                           48%

 

 

Current Estimated Value of Portfolio           $850,000

           

% breakdown of total portfolio

Stocks                                     8%

Bonds                                      2%

Real Estate                          70%

Home Construction                2%

Cash                                      18%

 

 

 

 

Other investments

            Annual Scholarships

            Christian School

            Hurricane Relief (Adopted a family for up to one year rent and board)

            Hurricane Relief (member volunteers)

            Co-Sponsor Black Student/Parent/Teacher Conference

            Estate Planning/Living Trust Seminars for the community

 

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