HIP General Meeting Information
The meeting began with a rundown of the global markets. Companies within the portfolio such as Apple reported earnings. Some of the earnings reports were underwhelming, so we went ahead and tried to see where these companies went wrong (i.e. people not buying an iPhone ‘S’ phone and waiting for the iPhone 7, phone purchasing getting more expensive, etc.)
The discussion of what was going on globally led us into discussing what was currently going on in Japan with the banks charging negative interest rates for holding cash in banks as a method of attempting to stimulate the economy. People are encouraged to either spend their money or invest it in assets such as stocks, bonds, and real-estate.
We also discussed the continued decline of oil prices. Would prices eventually be driven up by OPEC or has supply and demand created a newer and lower equilibrium price that consumers will not exceed before seeking alternatives such as hybrid vehicles?
We ended off the meeting with some quick predictions about the market outlook over the next couple of months and years. Are we getting ready to hit another period of economic down turn and recession? How will the rising U.S. interest rates further contribute to this? Come prepared with some answers to these questions before next weeks meeting!
Remember, if you have any ideas for stock pitches; be sure to send them to us. Our e-board members are more than willing to help you move into the right direction with your pitches so you can present them with confidence! The best way to learn is by doing!
If you have any questions or suggestions regarding the content of Monday’s general meeting or this e-mail, please do not hesitate to contact us.
We are looking forward to seeing everybody next Monday, February 8th, 2016 at 6:30PM in GL266!