July 2nd, 7:00 am; Breakfast meeting at SDYC, Speaker to be announced
July 9th, 7:00 am; Breakfast meeting at SDYC, Speaker to be announced
July 15th, Noon, Annual PLOC Golf Tournament, River Walk Golf Course, get your foursome organized NOW! 6:00 pm, Steak Fry and Awards Banquet, SDYC
The Board of Directors met last Monday night and we approved a $1,000 donation to the Outside the Lens. They provide camera equipment and training to Point Loma elementary school and high school students. We also approved a $1,000 donation to the Point Loma High School Cheer Boosters for new uniforms. They helped us with merchandise sales and logistics at the OptimisTiki Luau. Thanks to Vince Glorioso and his Youth Works Committee for their fast action in reviewing these applications and getting them to the Board in time for approval!
This morning, the Point Loma Optimist Club welcomed a long time Point Loma resident as our newest member. Rodney Eales Joined the Club this morning. Membership Committee Chair, Tom Lewis presided over the induction. Member Bert Barkley recruited Mr. Eales. And, President Steve Doyle provided Rodney with his official membership badge and a plaque recognizing his membership. Welcome Rodney, we hope you enjoy a long and fruitful membership with the Club!
The quintessential Renaissance Man, he writes, he builds, he creates, he teaches and he visualizes opportunities. Neil Senturia has done all these things, and many more. “I guess I started my career as a writer for Hollywood,” he told us. “I did some writing for M*A*S*H, Alice and Tony Randall, but it is such a strange place, I knew I wouldn’t last there.” In 1980, Neil moved into the financial services and real estate syndication business. “But, I wanted more and needed more, so in 1985, I started developing and building condominiums, office projects and hotels. That was a fun! I built about 2 million square feet over 10 years!” Then Neil put his mind to entrepreneurial efforts in technology. “Remember, this was 1995 and the Internet was just starting. Email was new and exciting. I got together with some friends and we came up with the idea for an Internet kiosk in airports. You know, check your emails between flights! We called the company Atcom.” The idea was good, but Neil soon realized his costs were out of line with his profits. A young technician working for Neil suggested he take the technology and offer it to hotels. “You never know where a great idea will come from,” he reminisced. “But it taught me a great lesson, listen to all the ideas presented. You never know when a really good one will come along.” And with that change of direction, Neil’s company grew quickly and was sold for a nice profit. The entrepreneurial spirit was on fire!
Neil has started multiple technology companies since Atcom. Some of these companies he has sold. Some he still owns. And one in particular failed, Digital News Co. “I learned more from that failure, than from most of my successes. I also pivoted off that failure to become a consultant!” he shared. “But being a good consultant is not as easy as it sounds. So a friend of mine told me I needed to write a book. Thus was born, “I’m There For You Baby …The Entrepreneur’s Guide to the Universe“. What that book did was not make me a great consultant, it got me started into another career as an author, writer, and blogger.” Then the writer gig got Neil into teaching and mentoring. He became involved with Defy Ventures, a program designed to teach inmates how to take control of their lives after prison. He started teaching at SDSU. Then he picked up a job writing a column in the Business section of the San Diego Union Tribune. And, just so he doesn’t get bored, Neil still runs Blackbird Ventures, a company he started in 2005 to invest in new technology start-ups. The Renaissance Man never sleeps!
“I’m There For You Baby” is now in its 3rd update. “I think I have learned some things in my life,” he said. “If I could pass a couple of them along, they would be… #1 Return every phone call or email. You never know when one of those communications will provide you with a golden opportunity. #2. Networking is a profession, be good at it. It is rare someone will accomplish great thing all by themselves. A network provides you with contacts to people who can help you grow. And #3. Go to all those events and meetings you get invited to. Especially the ones that don’t seem to mean anything to you. It makes you available again, to great ideas, contacts and who knows, maybe even the love of your life!” Neil has not slowed down. He is full of life. He is constantly thinking about new opportunities and new ideas. We could use a few more like Neil Senturia!
Thank you Neil, for sharing a small piece of your world with us this morning. We are glad to have added you to our network!
June 17th, 5:00 pm, Board Meeting at the SDYC, 6:00 pm Steak Fry at the SDYC
June 25th, 7:00 am, Breakfast Meeting at the SDYC, Speaker is Neil Senturia, columnist for the UT Business section
July 15th, Noon – 5:00 pm, Annual Golf Tournament, River Walk Golf Club; 6:00 pm Awards program and Steak Fry at SDYC. Get your foursomes together!
So you spent 12 years of your business career focused on “the Largest Private Waterfront Development on the West Coast” (according to Market Insider, October 30, 2018), and all you got to show for it is a great big hole in the ground? So what gives???
Well, for that answer we went to the man himself, Perry Dealy! Perry is President and CEO of Dealy Development. He is a Marine/Vietnam veteran who holds a masters degree in Architecture with Urban Planning/Design Emphasis from North Carolina State University / UNC Chapel Hill. He also has 44 years of real estate experience and is the Development Manager for the Manchester Pacific Gateway project. “For 11 years, this project suffered through one lawsuit after another. We had to go all the way to the U.S. Supreme Court, before we were able to put the legal challenges behind us. Now, it is on to construction!” he told us.
Construction will include, seven new buildings on eight city blocks. The first building is the 372,00 sf U.S. Navy San Diego Headquarters. This building is currently at its eighth floor of steel framing and is scheduled to be completed by October 2020. When completed, the Navy will relocate from their current building (circa 1920) at the northwest corner of the property. After moving into their new space, the old building will come down, to make way for a new 1.9 acre park. Remaining buildings include 888,000 sf of class A office space; 1,400 rooms of hotel(s); 275,000 sf of retail, restaurants, entertainment and cultural space; 3,000 subterranean parking; and, 3.6 acres of plazas, paseo and open space.
“I would love to tell you we will immediately be constructing the rest of the property, but that schedule will depend on financing partners and tenants,” Perry said. “We will be working on the site development for the $1.6 billion project, including demolition work, underground parking, street frontage, the Navy office building, utilities and utility relocations, in the interim.”
One of the unique aspects to the property is the ownership and approvals. The Federal Government owns the property. They offered to lease the property to private parties, in return for the development of their new headquarters office building. Doug Manchester was selected by the Navy and began the process to develop the site in 2005. Soon after the lawsuits started. Challenges were made to the approvals by the City of San Diego, the Coastal Commission and the Federal government. All of which failed, but cost the project extensively in time and money.
For a glimpse of the future Manchester Pacific Gateway project CLICK HERE.
Perry Dealy has hands-on experience in all aspects of real estate development. He is a licensed architect, general contractor, and fiduciary representative. He brings a broad set of skills that have been crucial to his success in strategic planning, acquisitions and development. We look forward to seeing more “steel in the air” as the Manchester Pacific Gateway continues to come out of the “big hole in the ground”. Thanks for sharing with us this morning, Perry!
- June 11th, Breakfast Meeting, 7:00 am at SDYC, developer Perry Dealy will be the guest speaker
- June 17th, Board Meeting @ 5:00 pm SDYC, Steak Fry @ 6:00 pm SDYC
- July 15th, Annual Gold Tournament at River Walk GC, Lunch at noon, Shotgun Start at 1:00 pm, get your foursomes together now!
- Bruce Denham reports progress with the Patriot Half Marathon permitting. One more permit to get, from the Port Authority. Anyone who can help Bruce please reach out and let him know… bruce@Patriots Half.com
- The Club made a grant presentation at the Ocean Beach Elementary School’s Volunteers and Community Partners Breakfast on June 5th. The money will be used to create an outdoor Reading Garden for the children. Club Vice Presidents, Chris Jacobs and Jeff Fischbeck were there to make the presentation to Principal Marco Drapeau.
Mr. Chris Kiefer, Chief Financial Officer of the NTC Foundation was our guest speaker this morning. The NTC Foundation was established in 2000, as a 501(c)(3) nonprofit to enrich the lives of San Diegans by renovating a portion of the closed Navy Training Center (NTC) San Diego and creating, facilitating, and operating ARTS DISTRICT as a 80-acre creative district. As San Diego’s newest cultural mecca—a destination for arts and culture, with 16 of 26 historic buildings completed, ARTS DISTRICT is home to over 120 tenants, including artists, galleries, creative businesses, museums, and nonprofits serving San Diego. Over 800,000 people visit ARTS DISTRICT annually, adding economic impact and jobs to what was once a shuttered Navy base. “Every day we have Arts coming alive,” Chris told us. “Check out our schedule of events! You will be blown away by all the activity going on.” Click Here for Events Schedule.
“We are also moving ahead, looking to complete the renovations for the remainder of our District. Generally, you can tell, if the building is still the old, faded yellow color, we have not renovated it yet. Once the building is renovated, it will be painted in the light brown color.” The next building up is #178. The is the old Commissary building. The plan is to create two theaters (a 300 seat and a 50 seat venue). The theaters will be used for dance, music, digital arts and other productions. The goal is to have the renovation completed by 2021. There is also a plan to create a Boutique Hotel within buildings 4, 5, 18 and 25. The City processing for permits is underway and the goal here is for a 2021/22 opening.
“We want to make art a see it, feel it, touch it and engage in it activity. We can do that with our First Friday events,” Chris explained. This popular free arts event takes place on the First Friday of every month from 5-9 pm throughout the 28 acre campus. After 10 years, it has grown into San Diego’s biggest innovative arts event! Meet working artists, enjoy dance, theatre and music performances featuring community partners and discover intriguing public art installations. Wander and explore the galleries, museums, artist studios, distinctive shops and dining at historic Liberty Station.
There are Summer Camps, Art Shows, Concerts, and so much more. There are restaurants, museums, a golf course, a movie theater and a special events center. You can spend all day enjoying the ARTS DISTRICT at Liberty Station, and still come back the next day, and the next day to finish exploring. Meet the artists, talk to the craftspeople, wonder at the historic exhibits or just stretch out on the lawns and catch some rays. Whatever floats your boat (yeah, they got a couple of those too!) the ARTS DISTRICT is a great place explore and enjoy!
Thanks to Chris Keifer for sharing his insights on this gem of Point Loma.
June 4th, Breakfast Meeting, 7:00 am SDYC, Speaker Chris Kiefer, CFO of the NTC Foundation
June 11th, Breakfast Meeting, 7:00 am SDYC, Speaker to be announced
June 17th, Board Meeting, 5:00 pm SDYC; Steak Fry, 6:00 pm SDYC
July 15th, Annual Golf Tournament, River Walk Golf Course
With all the challenges this world has to offer, we are very happy to know the next generation of leaders will bring us something special! Seven of the eight winners of the 2019 Point Loma Optimist Club Youth Appreciation Day with their families, joined their teachers, principals and Club Members for a delicious breakfast and award presentation celebration. These fourth and fifth grade children represent the local elementary schools on the Peninsula. They were nominated by their teachers and principals for their outstanding citizenship, academic achievement and optimistic spirit. Their accomplishments are those to be lauded, celebrated and shared. Your 2019 winners are:
Club member, Vince Glorioso, chaired the committee for the Point Loma Optimist Club and was the Master of Ceremonies for the event. Vince asked each of the winners to introduce the family members, teacher and principal seated at their table, and to tell the audience which school they attended. “It is really a delight to talk with these young leaders and watch them shine in this special spotlight”, he said. Vince also called each of the winners up to the podium, then read the summary of why the student was so deserving (as provided by the teachers) to the audience. Each winner received a framed Citation and a cash prize as recognition of the accomplishment. (The eighth winner was on a school sponsored class trip to Disneyland this morning. Vince will make a personal presentation of their award at an upcoming school assembly.)
The Point Loma Optimist Club is proud to support youth activities on the Peninsula. This Youth Appreciation Celebration is one of many ways we recognize, award, celebrate and sponsor our youth and youth programs. The Point Loma Optimist Club provides needed school supplies and equipment. We hold Oratorical Contests. We support athletic, arts, STEAM and reading programs. We award graduating high school students with scholarships. We also set up and take down the United States Flags along Rosecrans Street on every Sunday, legal Holiday and for special occasions (like returning submariners to Ballast Point). If you are interested in learning more about the Point Loma Optimists Club, drop by for breakfast (our treat) on most Tuesday mornings at the San Diego Yacht Club. You will find the schedule at the top of this article.
Congratulations to all the winners of the 2019 Youth Appreciation Awards. We are proud to recognize your accomplishments!
Monday, May 20th, Board of Directors Meeting, 5:00 pm, Steak Fry 6:00 pm San Diego Yacht Club
Tuesday, May 28th, Annual Youth Appreciation Breakfast, 7:00 am San Diego Yacht Club
Tuesday, June 4th, Breakfast Meeting, Speaker to be announced, 7:00 am San Diego Yacht Club
Run Silent. Run Deep. That 1958 movie classic about the submarine service in WW II brought to the attention of many people the trials, tribulations, and dangers of life on board a submerged boat. Today’s submarine force is the pride of the US Navy. 70 of these invisible defenders circle the globe to protect, defend and secure lives of American citizens and our allies. The Mission Areas of the submarine force include strategic deterrence, strike warfare, special operations, and intelligence gathering.
This morning, we had the honor to hear from Captain Chris Cavanaugh, the Commander of Submarine Squadron 11, based here in San Diego at Ballast Point. Captain Cavanaugh is a graduate of the United States Naval Academy and has received masters degrees from the University of California at Berkeley and the Catholic University of America. During his 26 year year career, he has served on four submarines, including command of the USS Albuquerque (SSN 706). He has also spent time serving under the Chief of Naval Operations, the Chief of Naval Personnel and the Chairman of the Joint Chiefs of Staff.
Captain Cavanaugh recently deployed to Argentina as Commander, Task Group 46 to lead the search and rescue efforts for a missing Argentinian submarine, ARA San Juan. On November 15, 2017, the ARA San Juan went missing somewhere off the eastern coast of Argentina. The Argentine Navy began to search on the 16th, and the Argentine government request assistance from the US on November 17th. A multi-national group from Argentina, UK, US, Chile and Russia provided assistance in the search efforts. Captain Cavanaugh led the group (except Russia) to coordinate the search efforts. By early January 2018, the search was called off. “While the effort failed to find the lost submarine, there were many valuable lessons learned through the mission,” he told us. Eventually, the submarine was found, providing additional evidence the boat was likely lost to a battery fire and explosion on November 15, 2017.
Headquartered in Norfolk, Virginia, the submarine service has approximately 10% of the US Navy manpower (21,000 people). Their home ports include six US cities, one US territory and three foreign countries. In San Diego, currently five Los Angeles Class fast attack submarines are assigned. Over the next several years, that number is scheduled to increase to eight or nine boats. Historically, San Diego has been home port for as many as 22 submarines, but with the physical growth of the size of submarines, and the specially required servicing of the boats, that number is no longer practical.
Submarine Squadron 11 includes the unique floating dry-dock ARCO Floating Dry-Dock and the Undersea Rescue Command (see the discussion above about the ARA San Juan). Submarine Squadron 11 Command is also a key component of the Diesel Electric Submarine Initiative. This is a cooperative effort between the US Navy and the navies of Peru and Chile. Each year, Squadron 11 interfaces with a diesel submarine and crew from Peru or Chili, to improve the overall operations of both services. This year, Chile will be sending a diesel submarine to San Diego to partake in this Initiative.
Captain Cavanaugh was asked about quality of submarine services of other nations. He believes the Unites States Navy still has the best overall submarine service. He also believes that the Russian navy is close in quality, but lacking in capacity. While the Chinese navy is building capacity quickly, they fall behind in quality. “No matter how you look at it, we need to be vigilant in our pursuit of quality in the submarine service and continue to maintain our overall capacity,” he told us. From what we see today, we should all be proud of Captain Cavanaugh, the US Navy’s submarine fleet and the 21,000 other people serving on board and onshore in the submarine force!
May 14th – Speaker – Commodore Chris Cavanaugh, USN, commander of Submarine Squadron 11 at Ballast Point
May 20th – Board Meeting at 5:00 pm, Steak Fry at 6:00 pm
May 28th – Youth Appreciation Day, 7:00 am, SDYC
From his early days at Pasadena City College, to his Bachelor’s degree from CSU Long Beach, to his radio gigs and first job in television news, Bob Lawrence credits his passion for journalism, good timing and good luck for his professional career. “I was a news writer, news producer, news anchor and news reporter,” he shared with us. “And then, because of my time in the Air Force Reserves, I got the chance to be the military reporter for Channel 10, here in San Diego.” Bob created a 41 year career in the news business. He has reported on some of the biggest and most dangerous news events of those times. Whether he was following our military in the First Gulf War in Kuwait. Or, tracking the Marines from Camp Pendleton as they prepared for duty in Afganistan. And, again, when those Marines returned home with combat wounds and faced the Veterans’ Affairs Hospitals for treatment. Bob was out front, involved and reporting back for San Diego Channel 10 News.
When Bob wasn’t wearing a helmet, or desert cammo, he was reporting on wildfires, national political conventions and the Northridge earthquake. “One of my most vivid memories was January 17th, 1994. I was the morning anchor for Channel 10 News. I was listening to KNX News Radio on my way to work, when the station suddenly went off the air. That was unheard of! About 10 minutes later, they came back on the report a massive earthquake had struck the San Fernando Valley.” As Bob told the story we were enthralled by his passion for the news and reporting it. “I arrived at the station and took control of the production from my anchor’s chair. We set aside all other news items that morning and on live television, I directed the reports from our sister station in LA and brought the news directly to San Diego citizens while it was happening. This was not something we practiced. But, it was something that needed to be done that morning.”
This past weekend, Bob took part in the Honor Flight that took 83 veterans from WWII and the Korean War back to Washington DC to visit the monuments that were constructed in their honor. “It was an amazing trip. 83 strangers got on the plane Friday morning. 83 best friends got off it Sunday afternoon. The stories, the memories, the tears and the laughs were non-stop. As a guardian, my job was to make sure my veteran was cared for throughout the trip. When we returned on Sunday afternoon, the reception at Lindbergh Field was just over the top. I will never forget it.” Bob told us.
Bob was an early supporter of the effort to bring the USS Midway from mothball in Bremerton to San Diego tourist attraction. He shared, “The USS Midway is the fifth most visited museum in the United States. It is a living, breathing piece of history. I am so proud to be part of the Board of Directors (Bob is Secretary of the Board).” Even though Bob retired from the news business, he remains active with the military community of San Diego. From his Channel 10 Bio during his working days, Bob said…”My greatest accomplishment was that I might make a difference in someone’s life. It was something I strived to achieve each and every day…” I think it is clear, Bob made a difference in the lives of many people and we are all better for his work. Thanks for visiting with us this morning, Bob Lawrence!
May 7th, Breakfast Meeting, 7:00 am SDYC, speaker will be Bob Lawrence the former tv journalist and community activist
May 28th, Breakfast Meeting, 7:00 am SDYC, Youth Appreciation Day!
Bruce and Gail Denham started San Diego Bay Adventures eight years ago. Located at 1880 Harbor Island Drive, near the Marina Cortez Dock, SD Bay Adventures offers jet ski, paddle board, kayak and other marine equipment for rent. They also offer an amazing 2 hour tour of historic and military sites located along the bay. Their tour became so popular with the young sailors assigned to the carrier fleet that a formal relationship with the Navy developed. Bob offered these words about his first adventure on a carrier, “In 2015, the USS Ronald Reagan was in port. They were offering a ship tour and cruise to a large number of local VIP’s. I was approached by the Navy and asked if I would like to partake in the cruise and offer my tour observations during the trip. We were invited up to the flight operations center and I was given the microphone. I was able to tell the 4,000 guests and the 5,000 crew members all I had learned about the historic and military sites in San Diego Bay. It was a real thrill for me.”
Bruce has also arranged for a fleet of special designed jet skis (red, white and blue coloring and flag carrying) to act as escorts for the carriers as they return from deployment. “It is just another way we can salute our servicemen and women. We even got a chance to be on the evening news with our adventures!” SD Bay Adventures also offers special bay rides/parade on Memorial Day and the 4th of July to celebrate our service people and to recognize our fallen heroes. Bruce and Gail are proud to support the active service and veteran military service people in San Diego.
Their newest venture is the Patriots Half-Marathon. Bruce is seeking City approval of a route to hold the first annual Patriots Half-Marathon. He is working with the City planners to create a route that would start at the Cabrillo Monument and work its way through Point Loma to Harbor Island and then finish in Liberty Station. “There are lots of hoops and hurdles to work through, but I am pushing hard to get this done,” he told us. “I want to support the Warrior Foundation, Freedom Station project. The first project, a series of apartments for wounded warriors transitioning into civilian lives, has been a great success. Now it is time for a second facility!” Bruce has received support from the Boy Scouts to assist with volunteers. He has a number of local supporters, from the Peninsula Community Planning Board to radio station AM 760. “I just need to find the right date and the right route to get everyone on board!” If you are interested in volunteering, supporting or sponsoring part of this venture with Bruce, please contact him at bruce@PatriotsHalf.com.
The Point Loma Optimist Club salutes Bruce and Gail for all their efforts and thanks them for stopping by this morning to share their story!
April 26th, Friday, the 2nd Annual Golden OptimisTiki Luau will begin at 5:00pm at the Bali Hai restaurant on Shelter Island. Last chance for tickets and raffle tickets. Visit: https://pointlomaoptimist.ejoinme.org/GoldenOptimisTiki2019
April 30th, Tuesday, Breakfast Meeting, 7:00 am, SDYC. Speaker will be Bruce Denham from San Diego Bay Adventures and the Patriot Half Marathon.
May 28th, Tuesday, Youth Appreciation Day Breakfast, 7:00 am SDYC. Be there to support and acknowledge the great youth of the Point.
Brandi Cropper is the T-AO Program Manager at General Dynamics NASSCO. She is responsible for program performance, identifying and managing risks, guiding technical, schedule and cost decisions to resolution and the primary interface with the T-AO Navy Customer at GD NASSCO.
Brandi received a BA in Business Management from USD, where she also participated in the NROTC program. Upon graduating, she enlisted in the US Navy for 2 years, then went to work for Northrup Grumman. In 2015, she moved to NASSCO and got involved with the T-AO Program. The T-AO is a Fleet Replenishment Oiler. It is over 700 feet long and 32 feet wide. The primary mission of the T-AO is to deliver liquid cargo to ships at sea. It’s secondary mission is to deliver solid goods. The service life of the T-AO is 40 years and they are being scheduled to take the place of the Navy’s current Fleet Replenishment Oilers, which have now over 30 years of service.
General Dynamics NASSCO is a San Diego headquartered company, employing over 4,000 people here in town. Their ship building and ship maintenance facilities service both the US Military and commercial ship owners. NASSCO has ship building in San Diego, Bath Iron Works (MA) and Electric Boat (CN) and repair facilities in San Diego, Norfolk (VA), Mayport (FA), and Bremerton (WA).
The T-AO project started with a two year design process. NASSCO has over 300 ship designers and architects here in San Diego. The NASSCO program completes the ship design, before construction starts. The construction schedule for the T-AO calls for 18 months in the ship yard, followed by 6 months of sea trials before delivery to the Navy. There are six T-AO’s contracted for with NASSCO. Two more are scheduled to be contracted by FY2020. In total, the Navy has plans for 20 of these ships to be built.
The Point Loma Optimists want to thank Brandi Cropper for visiting with us this morning. Based on the number of question she answered, our members thoroughly enjoyed her presentation.
April 15th, Board Meeting at 5:00 pm at the SDYC, Steak Fry at 6:00 pm, also at SDYC
April 26th, 5:00 pm at the Bali Hai, 2nd Annual OptimisTiki Luau! Fun, food and tropical drinks. Silent Auction, Polynesian Entertainment, Market and good times for all. Get you tickets NOW! Simply go to: OptimisTiki Luau and order your tickets.
May 28th, Youth Appreciation Breakfast at 7:00 am, at the SDYC. Get this on your calendar now!
Gary Nelson Correia is the CEO and CCO (Chief Creative Officer) for GNC Woodworks. Gary is a Point Loma native, a graduate of Point Loma High School and SDSU. While more publicly known for his CPA Tax Planning business, Gary is really a closet tree hugger. He has been found hoarding exotic wood species in his yard and work shop. Gary is also a Tree Whisperer. He discovers the inner beauty and strength of his wood selections and brings out their amazing character in his creations. Gary is a member of the Point Loma Optimist Club. He gave us some insights into his secret passion of woodworking this morning and shared with us his latest creation, an original Correia Ukulele.
Gary spent 12 years with Taylor Guitars as their finance officer. During this time, he discovered his interest in woodworking and musical instruments. He would spend all his extra time walking the different departments of Taylor Guitar’s manufacturing facility in El Cajon. He would talk with the craftsmen about their specific jobs and how, when they all worked together, they created some of the best guitars made in the world. Gary started collecting Taylor Guitars and after retiring from the daily grind, decided he wanted to do more … he wanted to build an instrument.
“I started taking woodworking classes at Palomar College. They actually have one of the best woodworking programs in all of Southern California,” he told us. “The more classes I took, the more interested I got!” He caught the bug! He was hooked. He decided to take the next step and build his own Ukulele. “It is truly a labor of love. The work is very time consuming, detailed, and intricate. It requires a lot of patience and practice, practice, practice.” When all the jigs were used, and all the sand was worn off the sandpaper, the end result was this beautiful piece of art.
I’m not sure too many others have the time, patience or talent that Gary has exhibited. But, I can say, we all marveled at his final product and greatly appreciated the time he shared with us this morning to explain the process of building an instrument. Thanks Gary!
April 9th – 7:00 am Breakfast Meeting at SDYC, speaker to be announced
April 15th – 5:00 pm Board Meeting at SDYC; 6:00 pm Steak Fry at SDYC
April 26th – 2nd Annual Golden OptimisTiki, 5:00 pm at the Bali Hai, Shelter Island, Event includes Polynesian Luau, entertainment, silent auction, market place and a paddle raise to support Point Loma Schools Get Your Tickets HERE !
Jesse Sikorski has been a member of the Point Loma Optimist Club since 2017. He is a financial advisor with the investment firm, Edward Jones. Jesse graduated from John Hopkins University and enjoys traveling, sports and family time. As a side bar, and for a bit of entertainment, ask Jesse his opinions on the medical system in third world countries!
As an intro to his discussion on the economy in general, Jesse told us, “I see my job as helping investors filter through all the noise.” In today’s world of instant information, we are constantly bombarded with new information, new numbers and new “trends”. Jesse sees emotion as one of the biggest reasons investors make mistakes. “When the talking heads claim the sky is falling, some people will rush into decisions that ultimately cost them more than if they had waited for more information,” he said. He gave the following example, if you invested in the S&P 20 years ago, left your dividends and profits in the account, you would have received an average annual return of 7.4%. The average investor got a return of 2.6% over the last 20 years. Why? Because their decisions were guided by emotions and they sold when they should have bought or bought when they should have sold. If you include inflation factors into these numbers, the average investor made less than 1% annual return, while the S&P investor made almost 5%.
Jesse reviewed the strength and length of the current economic expansion. He discussed unemployment and wage numbers. He reviewed the history and current state of the P/E ratios. We looked at charts gauging manufacturing momentum, commodities and inflation. He spent time discussing the Fed and interest rates, with a focus on yield curves and inverted yield curves. All of this information was used to come back to investment strategies about diversification and lifestyle planning. The end result and conclusion by Jesse is “yes, there will be another recession. The big question is when and what will be the tipping factor that starts it?”
Having a good investment advisor is a smart way to help guide you through the noise. An investment advisor can help you with your short term and long term investment goals. They can work with you to keep your portfolio diversified and risk appropriate. We appreciate the time, information and insights Jesse offered to our club members. Including, his advice on medical systems in third world countries!