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Everett Rotary Meeting – November 7, 2017
We were welcomed by Greeters Tony Orso & Sonya Kraski.
President Will McMahan opened the meeting leading us in the Pledge of Allegiance.
Tom Koeing gave the Thought of the Day. How to respond to questions about Rotary.
Mark Valentine welcomed visiting Rotarians and Guests, as follow:
Visiting Rotarians: None
Guests
Megan Wolfe, Girls on the Run – Tony Orso
Nicole Amor, Economic Alliance of Snohomish County – Sonya Kraski
Sarah Frauenholtz, Merrill Lynch – Sean Kelly
Rachel Preston, Rotaract – Janice Ellis
Megan Wolfe, Girls on the Run – Tony Orso
Nicole Amor, Economic Alliance of Snohomish County – Sonya Kraski
Sarah Frauenholtz, Merrill Lynch – Sean Kelly
Rachel Preston, Rotaract – Janice Ellis
Announcements
- Maddy Metzger-Utt – Selling playing cards for $50 for the chance to win one of two Paul Harris Fellows.
- Clay Browse – Update from the Membership Committee.
- Judi Edwards – Happy Hour at Mazatlan Restaurant on November 15th from 5 to 7.
- Judi Edwards – Guess Who’s Coming to Dinner on December 8th. 3 hosts so far. They are looking for a host in Everett.
- Rachel Preston & Amy Norman – Rotary/Rotaract Mixer on November 9th from 6:30 to 8:30 at the Jackson Center at EVCC.
- Will McMahan – District Foundation Dinner on November 18th. Currently 6 attending.
Happy Dollars/Birthday Bucks
- Jim Schrader - $100 for his 52nd Birthday.
- Jerry Tucker – For not going to the game on Saturday.
- Marc Baker – History of the Family Business and the final piece selling
- Don Senter – Offering Senter original artwork to raise money for Rotary International Foundation.
- Julie Herber – 49th Birthday.
- Dick Schlosser – Thankful for the card from the Club.
- Sean Kelly – Penn defeating Princeton in football.
- Maddy Metzger-Utt – Rotary Youth Foundation meeting after the meeting.
- Marybeth Dingledy – Looking for 8 to join her at a Thursday morning breakfast for InspireHER
- Gail Larson – Looking for 10 to 15 speakers for AVID at Sequoia High School on December 7th from 11:00 to 11:30.
- Tammy Dunn - Harbour Pointe Badminton Club hosting the 2018 USAB Adult Nationals.
- Tony Orso – Bridgeways winning a 2017 Governor’s Award.
Raffle
Winners of Beer, Wash Mitt, Blanket, Wine, Free Lunch and kettle corn were Mark Valentine, Marc Baker and Jerry Tucker.
Program
"BlackRock – ETF’s and Financial Innovation”
John Olson introduced Jacob Acab Investment Manager at BlackRock. BlackRock was started in 1988. In 2007 was spun off by Merrill Lynch. 2009 combined with iShares. Currently the largest investment manager in the world.
Exchange Traded Funds – EFTs. EFTs are like mutual funds but are traded like stocks. 82% of EFT’s are issued by State Street, Vanguard and iShares. Currently there are $3.2 trillion invested in EFTs. Five Key Criteria to analyze an EFT – Manager, Exposure, Structure, Liquidity and Costs.