Los Banos Rotary Club History
Investment Advisor Talks Group Funds

Gil Johnson, Fresno investment advisor, addressed members of the local Rotary Club Tuesday on the topic of group investment funds – a fast growing American business represented by some 135 nation wide investment houses.
Explaining the principle of group investments, Johnson said that many people with small or large amounts of money to invest, are handicapped through lack of knowledge of the general stock market, and often put their savings into one or two investments rather than spread the investment out over a variety of businesses.

Group investment companies overcome this disadvantage of maintaining a staff of technical experts who have a keen knowledge of all investment possibilities and spread their total capital over a wide area of investments, thus minimizing the loss of one or two investments and capitalizing on those that produce high revenue.

As to the future of the stock market, Johnson pointed out our rapidly increasing natural growth, the influence of new industries, and increasing markets for existing companies, all of which tend to insure good returns for money invested. Pointed out that this country suburbs are growing at a rate almost seven times faster than the rest of the country, Johnson predicted that America will soon see the biggest housing boom in its history, with housing business to double by 1975.

"We are on the threshold of a brand new era," he concluded," and the changes that have been brought within our own life span will be nothing as compared to the advancements that will be seen by our children in their early lives.

The speaker was introduced by program chairman Harry Meyers.
Rotary President C. W. Bates welcomed two new members into the club, Paul Giannone and Robert McLoughlin. Giannone, a native of Los Banos and veteran of the Korean conflict, is a groceryman, operating Giannone's Superette, on Sixth street. McLoughlin, a native of Iowa and veteran of World War II, is proprietor of the Speedprint Shop, on I street. McLoughlin, who recently moved to Los Banos from Gustine, was a member of the Rotary Club in that city, where he was employed as editor of the Gustine Standard.

December 5, 1958

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