The Rotary Club of
Centerville, OH
Chartered 1972
eBulletin - May 27, 2021
Centerville Rotary Meeting Highlights
President Frank Perez welcomed everyone in person and on Zoom to the Centerville Rotary Club and led the group in the Pledge of Allegiance. Brian Hayes shared a prayer with the group.
There were 31 in attendance at Yankee Trace plus 2 on Zoom.
Our visitors today included Wyatt Thorp, Brad Thorp’s youngest son who now works for Brad and Pat Turnbull, Centerville Public Works Director
Dick Hoback shared that he recently became friends with our former exchange student, Saloni Bagwani on Facebook and discovered she has been working to educate others about COVID. There are several videos where she interviews doctors about how they are handling COVID-19 in India.
Frank reminded everyone that our leadership change over celebration will be here at Yankee Trace on June 24th. It will be an evening meeting with cocktails at 6:00 pm and dinner around 6:30 pm. We will present Paul Harris pins, Service Above Self awards and name our Rotarian of the Year. We will also induct our leadership team for 2021-2022. As a special “thank you” to our members, we will be providing everyone with a drink ticket so the first round will be on the club.
Our Happy Bucks recipient this quarter is Luke5 Ministries. You can send your check to the club mailbox:  Centerville Rotary Club, PO Box 41431, Centerville, OH 45441-0431
Pat Beckel was our Sergeant at Arms today and searched the room for someone to fine, only to have the first Happy Bucks be a fine director toward him:
  • Harvey Smith saw Pat’s picture in a magazine that lists businesses and asked that he be fined.
  • Elda Gotos-Gay was happy to get a new car.
  • Sofie Ameloot announced her daughter arrived in Belgium safely, completed her COVID quarantine and is now with the family she will be working with while speaking French daily.
  • Susan Schnell is happy for her daughter who graduated from Centerville High School.
  • Ron Hollenbeck announced he visited a couple of Rotary clubs this week and discovered the  Northmont Club is celebrating their 50th anniversary next year, and the Tipp City Club will celebrate their 100th anniversary next year
  • Gerry Eastabrooks was just happy.
  • Mark Febus was happy.
  • Carol Sue Galloway was happy to be leaving tomorrow for a lake in Georgia.
  • Brad Thorp was happy to have Wyatt here.
  • Don Overly was looking forward to presentation at today’s meeting.
  • Phil Raynes was watching the PGA and is  glad he’s not the only one having 3 foot putting problems.
  • Chuck King was happy to have spent a week at Mackinaw Island.
  • Jeff Senney said he had good golf games on Friday and Monday, laid 15 yards of mulch, and then went to Kroger where not many were wearing masks. Happy we’re getting back to normal.
  • Wayne Davis was happy to be seated at the power table and for our guests today.
  • Pat Beckel gave thanks to wife for giving him some cash so he could pay his fines.
  • Pat Turnbull was happy to announce his daughter is graduating from High School, and her 1st year of college is already paid through scholarships.
  • Frank Perez was happy to have checked out the wedding venue in Philadelphia for his son’s wedding next fall.
Our speakers this week were club members Brad Thorp and Dan Johnson to share their knowledge on the economy and investing.
Brad started by giving this disclaimer - “Neither of us can predict the future, but we can help people prepare for what the future might hold.”
He gave some definitions:
  • Dow Jones Industrial Average is the index that measures the stock performance composite of the 30 largest held companies in the US.
  • Standard & Poor’s or S&P is the Index that measures the stock performance composite of the 500 largest publicly owned companies in the US
  • GDP  or Gross Domestic Product measures the value of US economy or market value of all goods and services produces in a specific time period.
On February 12, 2020, the Dow reached 29,500 for first time ever. 5.5 weeks later is had dropped to 18,000; most concentrated selloff in US history.
GDP fell down by 33% during same time. By comparison, during the Great Recession it fell by only 8%.
Why? We had a forced recession to protect the US economy during the health crisis.
32 weeks later, the market had fully recovered, the fastest ever recovery.
And the GDP grew 33% in last quarter.
Dan then shared the timeless principals of investing:
  • Financial Plan
  • Asset Allocation
  • Bucket Approach
  • A Black Swan event is when many thought it would happen but didn’t know how or when it would happen such as COVID. To be prepared for a Black Swan event, you need to take a step back and look at the financial plan in place, and be sure to have something to fall back on.
  • Asset allocation - balance your assets between stocks, bonds, and cash.
  • Bucket approach - have assets divided in time periods based on short term, mid term, and long term goals.
Pumping money into economy helps drive inflation.
Amazon, Google, Netflix, Microsoft - where growth was last year which is no surprise. Many people purchased online for the first time ever.
We are pushing $29 trillion in debt due to the stimulus, which is how the government keeps the country from going into a recession. Markets are cyclical by nature, so it is unrealistic to think it won’t happen at some point.
Majority of US debt is on the Federal Government with the remaining held by US investors. China is large holder, but a very small portion. Media often exaggerates this for political statement.
What is Bitcoin’s? Decentralized currency. There is a set number of coins in circulation, with no federal reserve. Block chain currency. Crypto currency.
Big swing due to speculation - buying because I think I can sell it to someone else for a quick buck. Ripe for manipulation because not very well understood yet.
Feds keep interest rates low to keep economy stimulated. Lots of political pressure on Feds to determine interest rates. Inflation now around 4%.
Had 14% unemployment, but now lower than it was before the pandemic.
The tightening of workforce drives wages up; labor market keeping up with real estate purchasing. People feel more confident to spend.
50% of Federal money is spent on entitlement programs like Social Security. So many people (Boomers) are no longer contributing to the economy, but will be cared for through these programs for many years.
Brad noted there is always something to worry about! What they strive for is to understand the Individual goal of the person, in what time, comfort of risk, and what might happen between now and then to get to your goal.
People living longer and are worried about running out of money. Good planning now helps alleviate the worry. Pushes retirees into having more stock in portfolio, need to have an asset that will keep pace.
Brad and Dan’s final thoughts: Take emotion out of investing, and stick to a plan.
DeNardo, Derek / Unit #2: Supply & Demand, Housing Bubble--Fall Semester
President Frank Perez thanked Brad and Dan for the great program and led us in reciting of the 4 Way Test.
50th Anniversary Project
A letter of support from the Park District for our 50th Anniversary project at Grant Park.
As more of our members have now been vaccinated against COVID-19, our Rotary club is now meeting in-person and on Zoom meetings. Please join us!
Club Information
Welcome to our Club!
Service Above Self
Thursdays at 12:00 PM
Golf Club at Yankee Trace
10000 Yankee Street
Centerville, OH 45458
United States of America
All meetings in person or Zoom right now. Email President Frank Perez for the link.
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Carol Kennard
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Birthdays & Anniversaries
Member Birthdays
Carol Sue Galloway
June 13
Bob Fry
June 15
Matthew Kuhn
June 17
Donald K. Gerhardt
June 22
Carol Kennard
June 28
Spouse Birthdays
Carlos Quiñones
June 1
Kate Huffman
June 4
Mindy Menker
June 5
Lisa Craft
June 24
Harvey B. Smith
Carolyn Smith (deceased)
June 8
Dick Hoback
Marilyn Hoback
June 16
Peachy Metzner
Mark Metzner
June 21
Jim Stuart
Lauren Stuart
June 23
Chuck King
Elaine King
June 25
Donald K. Gerhardt
Phyllis Gerhardt
June 25
Raymond A. Merz
June 26
Boyd Preston
Deborah Preston
June 27
Don Stewart
Teri Stewart
June 28
Join Date
Michael Wier
June 1, 1981
40 years
Terry Hanauer
June 1, 2003
18 years
Ann Blackburn
June 5, 2001
20 years
Bob Fry
June 8, 2005
16 years
Don Overly
June 13, 1972
49 years
Harvey B. Smith
June 13, 1972
49 years
Lee Hieronymus
June 13, 1972
49 years
Matthew Kuhn
June 30, 2004
17 years
Jun 24, 2021
Passing the Baton dinner at Yankee Trace
Jul 01, 2021
Plans and Goals for new Rotary Year
Jul 08, 2021
Dayton Metro Library Improvements
Jul 15, 2021
Update on Montgomery County
Jul 22, 2021
Rotary District 6670
Jul 29, 2021
Dayton Convention & Visitors Bureau
Aug 05, 2021
Lions Eye Bank-West Central Ohio
Aug 12, 2021
Alternative Baseball for disabled
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