Our remarkable member, Joe Goldstein told us about his favorite investment strategy. Fifteen years ago, Joe decided to learn about using “Option Spreads” to make money in the stock market.  Through trial and error with hundreds of actual investments, money made and lost, he began to master this fun investment technique … making a fairly consistent low risk investment, with a return of up to 40% in only a 30-day period. 
 
An Option Spread investment gives the investor the benefit of temporarily owning the stock without having to buy it outright … at a cost much lower than its current market price.  Joe usually speculates that a given stock will move up $10 within a pre-determined period of time from one price point to another … called a $10 spread.
 
If he bets that a $100 stock will move up from $90 to $100 – when it’s already at $100 – he’s already “in the money” and he’s hedged his risk.  He gave several examples of actual investments he has made recently. The key is to create a buy/sell position $10-20 below the current stock price. To minimize a potential loss, Joe closes his position if the stock price drops 20% of his investment.

Our Satellite group meets every other Tuesday and last week discussed potential new service projects. They have contacted New Trier Township to ask about future needs and goals for their organization. Among other things, New Trier Township will be creating new rehabilitation programs for non-violent offenders and working on the peer jury program. Our group will also be reaching out to the New Trier Food Pantry to discuss current and future needs.  In the meantime, they will help out by supplying the food pantry with laundry detergent, canned fruit and paper products (items they are always in need of).
 

DG Lyle Staab announced in his weekly event calendar that there will be a series of informational presentations by medical professionals about the Covid vaccine. Details will be sent soon.

 

We are pleased to announce that we have a new member, John Lenhard, sponsored by John Kilner.  Our Executives and Board of Directors unanimously voted last week to approve John's application. John lives in Wilmette with his wife Phoebe.  He graduated from Western Michigan University with a BBA in Marketing.  He is currently retired from ITW Paslode after 38 years in marketing management. John enjoys boating and is a member of the Coast Guard Auxiliary Boat Crew.  He has an interest in Community Service.