The Probus Club of Oakville

Dave Patterson 905 844 5894

Probus Investment Club (Dave Patterson-Chair)

The Investors Group was formed in May, 2002 when it was determined that a number of our members were interested in the markets and wanted to participate. It was decided we would create a model portfolio of Canadian equities which we would follow over time in hopes of achieving some growth and have some fun in the process.

Starting with “virtual “seed money of $200,000.00, we created a portfolio which for diversification, was divided into five industry segments; Consumer Stocks, Financial Services, Resources, Utilities and Pipelines and Industrial. Individual members agreed to take responsibility for following one of the sectors and report on the performance of stocks at the monthly meeting and make recommendations for actions (if any) to be taken.

A report is issued at the end of each month for presentation to members at the monthly meeting which takes place in a private room at Amica in Bronte the second Thursday of each month. The performance of the portfolio has been followed meticulously, including dividends which are added to the cash. As of the end of October 2022 the portfolio value was $,1088,969 starting from the $200,000 seed money. Although we don’t claim to be wiser than the market, we have outperformed the TSE consistently. A very special thanks to Jack Rugg who has provided the report each month.

We currently have 12 members . If you have an interest in the stock market you would be welcome to join us. You can sit in for a meeting to see if it interests you. Let me or one of our members know.