Good evening to you all. I want to start off this email with first thanking Jamaal for taking on the task of running the club for the last eight and one half months. Jamaal did an amazing job. As you all know he will be leaving the day to day operation of the Investment Club for Stocks but I hope he will continue to function within our organization in an advisor role on the board of directors. I value his insight and wisdom. Thank you brother.
So now we are at a turning point. We have about $100k in assets (amazing), strong returns in certain holdings but some laggards. I think we need to do some soul searching to figure out how we can reposition our portfolio for the next nine months heading into the holiday season. We need to be aggressive in cutting what sucks and doubling down on what we have faith in. No passive stuff over here.
Part of me wants to liquidate and close the TD Ameritrade side of things but a part of me thinks we just need to close what we own and start over. We can discuss that on an upcoming conference call. Nevertheless, great things are happening and I am happy that you all are here focused on the long game, learning and growing with us.
For those that are in the LA are we are holding out monthly meet up at Nixon Lounge at the Luxe hotel so I hope to see you all there. It is free for members and $10 for non members. Appetizers will be provided. Register here: https://www.eventbrite.com/e/todd-capital-los-angeles-real-estate-meetup-tickets-66699753759?aff=ebdshpsearchautocomplete
I want to thank you all for riding with this vision. We are about 400 members strong and growing day by day. The real estate side of the club has been blowing up and we are even now getting into other ventures like our barbershop. This is truly black wealth in action.
If you have any questions please reach out to me or Candace. I look forward to seeing what we can accomplish this next few months.
Charles L Oglesby III JD
213 590 8633