Diversity Investment Group Minutes of the Meeting

  July 6th, 2005

 In attendance: Tom Saunders, Holly Deveny, Andy Bain, Russ Douglas, Ron Kozak,  Satish Shah, David Brodeur, Caroline Cook,  Elaine Ekland,  Sharon Mullins, Belle Kumsaitong Roddell Pleasants, 

Absent:  Roger Drury, and David Robinson proxy to Jennifer M., Caroline Cook- proxy to Tom S. David Jones, Vreni Ludin , Larry Corse, proxy to David Brodeur

 Guests: Tanya Nophawan- first meeting

Holly D. gave Vice President’s review of presentations, which are scheduled over the next several months

She also presented the idea of the group using her Lake Hartwell retreat as social outing – August 7^th, 2005

Members approved the minutes, sent by Russ D. from the June 1st 2005 meeting

Tom S. presented E- trade confirmation and the treasurer’s report

The unit valuation as of 6/30/05 was $21.26, a 6.7% decrease for last month. The money on hand to invest tonight was $2648.00.

Tom requested $99 to buy Version 3-BetterInvesting software. Group members agreed to reimburse him for this expense.

He also presented article on Bank of America

DIG Board was presented, which had been prepared by David B. 

Members were canvassed about the stocks they were interested in investing tonight. After discussion, a motion was made and seconded to put funds in AIG a company presently owned by the group. Other members voted and unanimously agreed  to do this – current price was $68.27. 

Presentations:

David B. presented Johnson and Johnson NYSE- JNJ , which manufacture and sells health care products. He found the current price $64.83 in the buy zone..

Andy B presented Intermagnetics- NDQ-IMGC, which develops and makes superconducting materials, and electromagnetic components for magnetic resonamce imaging, MRI. He found the current price of $30.10 in the buy zone.

Meeting was adjourned.

Next meeting August 3rd^t, 2005

Minutes submitted by Russ Douglas

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