InvestorsHub Logo
Followers 38
Posts 4890
Boards Moderated 0
Alias Born 12/30/2004

Re: Knowledge is King post# 397

Saturday, 01/26/2008 4:28:05 PM

Saturday, January 26, 2008 4:28:05 PM

Post# of 785
Thanks KIK for your donation to the charity of my choice. It actually turned out to be a good project for me trying to decide which charity I should choose to be the benefactor of your generosity. I contribute to 8 or 9 different charities annually, all of them for good causes...particular favorites of mine are related to cancer treatment and research and disaster relief. But frankly, I don't normally make $500 contributions either so I decided it was worthy of some good old value research to see which ones give the most "bang for the buck". I have read that many spend way too much on fund raising and promos rather than actually helping their cause but never had taken the time to actually look into it.

I found the site "charitynavigator.org" which rates hundreds of different organizations in terms of their efficiency in gettings funds to where they should go and provides links to their websites. After looking through that, I will likely be making some changes in who I make my own charitable contributions to in the future.

As for your contest, the one I have selected is the American Red Cross. It seems appropriate since us VMCers are able to enjoy a better life thanks to our sharing information, that some of that gain is shared with those who have become victims of disasters and tragedies, often through no fault of their own. Over 94% of the ARCs funding actually gets out to help those in need too. Here is a link to the charitynavigator website. It should have the ARC address and a link to their website.

http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=3277

AFPC, my wild card pick, is the one that won it for me here. Ironically, KIK and I briefly talked about this one in a PM the week before the contest started. As of last thursday, investhealth partners, a foreign fund that has been a huge seller of its shares is finally out of the picture. AFPC is run by good management and I expect them to return to profitability in the near future, qualifying them for discussion on the VMC board again. I think this one is even a potential 5-10 bagger over the coming year or so but I am waiting to see some more numbers which include the results of their new 3d dental scanners out before I make that call.

Also again, many thanks to Skillz and Len for all their efforts in setting up this contest and the board.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.