Thursday, the Kiwanis of San Marcos held their weekly meeting at Grin’s Restaurant. The group, led by President Pam Cook, hosted speaker Frederick N. Case, Financial Advisor, of First State Investment Professionals.
Investment Professionals, Inc. (IPI) is a private investment brokerage and asset management firm specializing in the on-site delivery of profitable investment programs for banks and credit unions nationwide. IPI currently manages programs across the nation in more than 100 banks with $35 million to over $5 billion in assets. Since 1997 IPI has earned more #1 category rankings than any other broker/dealer in a leading industry survey of bank executives.
As a full-service broker/dealer, IPI provides a broad range of investment products and services to bank and credit union customers, individuals and business clients. Their 16-year record of success is grounded in our ability to build the strong foundation of trust that drives mutually-successful relationships.
Case told the group, “I predict the market will go up, it will definitely go up after next year.” He stated facts to the group that since September 2007 the Feds have lowered the interest rates seven times. He also discussed stagflation; it is the economy going backwards with interest rates on the rise. He also talked about the issue of little cash and high debt that is affecting our economy greatly.
He added, “Gas, food, and energy are representing the highest items of inflation today.” Case also told the Kiwanis that all people should review their personal items like their wills on a regular basis.
The Kiwanis also discussed the Texas/Oklahoma Convention in August. The group from San Marcos will be sending three delegates.
The group also read a thank you card from Susan Smith of the San Marcos Public Library. She thanked the group for their donation to the summer program and that 650 kids made crafts at the library this year for Father’s Day.
The group also recognized Mary Louise Byrd as Kiwanis Member of The week. Byrd was born in the Philippines in 1926, as her father was member of the military. She has been a resident of San Marcos for 32 years. She has 10 children and after the youngest grew up she attended Texas State University and received a degree in Journalism and Education in 1980.
Her advice for all is to work hard and apply yourself.
From Staff Reports
Mary Louise Byrd was recognized as Kiwanis Member of The Week by her peers.
Kelli Whigham discusses issues with Kiwanis President Pam Cook.
Frederick N. Case talks to the group about the current economy and financial issues in San Marcos.
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