[amsat-bb] Journal...doing things a different way

["Luc Leblanc (VE2DWE)" <luclebla@xxxxxxxxxxxxxxxxx>]

On 23 Jan 2004 at 11:04, Arthur H Feller wrote:

Timex the swiss leader in standard watch and clock using needles one day affirm nobody will like to have a 
watch without needles...they where near bankrupcy couples of years after

Kodack just start to lay off peoples due to a reduction in paper related cameras and film stuff, they where 
also think that digital canera will only be a fashion for teckhies...they also start to sell digital cameras 
and they are late in the market.

As someone says if we want to be in 21th century we should adapt and be ready to do things different ways. 
Resistance to any changes grow with age... 

Point -1
I read my newspaper via PDF format that i downloaded from my newspaper site at 4$ per week...a deal I can 
copy it on my Lab top or even read it at work.

Point-2

> That's part of our education mission and has many other intrinsic 
> values.  Besides, the expense is balanced by related income.

Its not what i see when i interpret the financial statements but as i stated i cannot ventilate i don't have 
the financial results on any AGM. When i wrote "making the right choices" its exactly what i mean doing 
things a different way. As sound planners BOD can skip AGW for one year and capitalize funds for a satellite 
project. It is good to have an education mission but without any satellite in space we spin off on ice.
Again doing things different ways.

Point-3

I was also treasurer for our local ham club (VE2CBS) we have limited funds. all our reserve is in term 
certificate one to five year term at rates from 2% to 4,75% we also go throught the same economy but WE DONT 
LOOSE A CENT in the last trouble 4 years. Yes i know inflation chew a good part of our interest but we SECURE 
our capital. There is a difference in managing personnal portfolio and managing non profit organisation. One 
thing is sure the 50000$ loss in sale of securities represents 2000 X25$ echo donations...

I know the standard economic moto "long term investment will always bring good results" i repeat that since 4 
years to my clients...But when your needs demands urgent funding you should take the market value.

Here we prefer a prudent aproach we prefer to sacrifice on earnings to be able to have acces to 100% of our 
capital at any moment.

I posted my comments without blaming anyone but only to tell we can do things a different way period. I'm 
sorry to note your reaction but i think you feel concern  (You mean I shouldn't have cut our losses?) not at 
all but without second guessing you we don't suffer the same way here. I cannot evaluate your porfolio and 
the chances of recovery  on your stock's but if i can give you an advice selling stock's in an expanding 
market prove that we should not be there at the first place and the chances of any recovery should be so slim 
that any sales should be the last mean to minimized any losses.

Again i know also the general theory of diversification but managing non profit organisation portfolio should 
be made with a capital protection in first place. It is another way to see things and nobody can blame you 
about your actions. What about futur only you and BOD will tell and i'm only giving you a FREE advice no 
commission here...

 >*** Feel free to correct and comment on the above figures
 >
 >If we can cut something in the range of 80000$ int the above losses Echo 
 >is up and Eagle can be also if we
 >accept to make right choices...
 >
 >1-AMSAT journal via E-Mail
> 
> Leaves out all those without e-mail service, and the number is larger than 
> one might expect.
> 
> >2-No annual AMSAT conference
> 
> That's part of our education mission and has many other intrinsic 
> values.  Besides, the expense is balanced by related income.
> 
> >3-Better securities management
> 
> How about a better economy?  (You mean I shouldn't have cut our 
> losses?)  Frankly, if you can do a better job, I can use your advice.
> 
> 73, art.....
> W4ART  Fairfax, VA
> Treasurer 
>

Luc Leblanc VE2DWE
Coordonnateur AMSAT pour le Québec
Quebec AMSAT coordinator
AMSAT MEMBER (33583)
Sites web sites: www.qsl.net/ve2dwe
                          www.sorel-tracy.qc.ca/~luclebla/

Echolink node 115340 VE2DWE-L
Echolink node 101810 VE2DWE

P.O. Box 341
Sorel-Tracy  QC.
Canada
J3P 5T6


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