Des Moines Chapter Meeting #2, Sat. Aug 3 at 10AM

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Topic Author
kbc1234
Posts: 26
Joined: Thu Dec 27, 2012 7:06 pm
Location: Scottsdale, AZ

Des Moines Chapter Meeting #2, Sat. Aug 3 at 10AM

Post by kbc1234 »

The second Des Moines chapter meeting will be held on Saturday August 3rd at 10AM. We will meet at the Des Moines East Side library. Address is 2559 Hubbell Avenue, Des Moines IA 50317.

We have a meeting room reserved at 10AM. No need to be early since the East Side library opens at 10AM.

Tentative agenda items: Discuss the Bogleheads philosophy (I'll bring handouts), discuss the PBS Frontline special http://video.pbs.org/video/2365000843/ if you want to view it before the meeting (it's less than an hour), and anything else the group would like to discuss.

I will bring a copy of the Bogleheads Guide to Investing if we want to discuss any topics from the book. If anyone hasn't read it yet, you can borrow my copy to read.

Looking forward to seeing those who attended the first meeting again and meeting some new Des Moines Bogleheads!

Kevin
enderland
Posts: 217
Joined: Sat Mar 23, 2013 11:36 am

Re: Des Moines Chapter Meeting #2, Sat. Aug 3 at 10AM

Post by enderland »

Hoping to make it, some travel plans yet to be worked out, but it was fun the first time around and definitely would be good to do again :)
Topic Author
kbc1234
Posts: 26
Joined: Thu Dec 27, 2012 7:06 pm
Location: Scottsdale, AZ

Re: Des Moines Chapter Meeting #2, Sat. Aug 3 at 10AM

Post by kbc1234 »

Just a reminder that the Des Moines chapter will be meeting this Saturday. If there is a specific topic you would like to discuss, let me know and we can add it to the agenda.
Topic Author
kbc1234
Posts: 26
Joined: Thu Dec 27, 2012 7:06 pm
Location: Scottsdale, AZ

Re: Des Moines Chapter Meeting #2, Sat. Aug 3 at 10AM

Post by kbc1234 »

The 2nd Des Moines Bogleheads chapter meeting was held last Saturday at the Des Moines East Side library from 10am to noon. We had 5 people attend the meeting, 2 of which were new to the group!

We had a great discussion and covered a wide range of topics. A brief summary of the topics covered are below:

*Little Book of Common Sense Investing by J. Bogle
*PBS Frontline special
*7 Twelve portfolio by Craig Israelsen of BYU
*Daniel Weiner newsletter
*Difference between active and passive investing
*Iowa 529 college savings plan offered through Vanguard
*CNBC and how it is just “noise”
*Had a nice discussion around asset allocation and stocks/bonds percentages in asset allocation.
*Wellington fund
*Portfolio turnover and the fees you don’t see
*Understanding the fees shown in the prospectus
*Creation of the index fund in 1975 and how that changed investing
*Investment Policy Statement (IPS)

For next time: Decided we would create a rough draft of an IPS and bring it to the group for feedback
The Bogleheads Wiki is a great place for IPS examples: http://www.bogleheads.org/wiki/IPS#Real-World_IPS

*Next meeting will be end of September (tentatively planning for Sat. Sept. 28th at Urbandale Public Library)

Kevin
desmoinesbogleheads@gmail.com
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