Page 5 - RAFINO Reporter Winter 2022

RAFINO Reporter Fall-Winter 2022 Page 5

The Trez Sez (cont.)

Our portfolio continues to invest only 65 percent of our total assets in conservative mutual and bond funds, with
over $30,000 in money market funds, and $10,000 in a local checking account to pay bills. The returns have
been very good, as we have realized over the last four years a 5 percent annual return on our investments, which
amounts to $20,000 in dividends and capital gains for those four years.

It has been a pleasure serving this great organization, as we have seen our assets grow from $51,000 to
$126,000 over the last ten years, as we are fast approaching a financial position where we can survive totally on
investment income. Your new treasurer, “Smitty” Smith, is extremely well qualified and will be taking over the
treasurer duties shortly and “keep the ball rolling.”

Imre Volgyi, Treasurer
thevolgyis@epbfi.com

The Mission of The Retired U.S. Army Finance Organization

(RAFINO)

Maintain and periodically distribute a roster to facilitate the continuation of
good fellowship among retired members;
Issue a periodic hard copy newsletter to the members;

Maintain a current web page on the Internet to provide current information to
the members and facilitate the exchange of information between members,
with appropriate links for the convenience of members, prospective
members, or legitimate researchers, having access to the internet; and

Conduct periodic Reunions.