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USS Essex Ensign Michael Rigoni, left, Petty Officer 2nd Class Guy Duke of the Navy Branch Medical Clinic and Petty Officer 1st Class Anthony Paxton from Sasebo Naval Base’s Ordnance department discuss types of investments that can create a solid financial portfolio.

USS Essex Ensign Michael Rigoni, left, Petty Officer 2nd Class Guy Duke of the Navy Branch Medical Clinic and Petty Officer 1st Class Anthony Paxton from Sasebo Naval Base’s Ordnance department discuss types of investments that can create a solid financial portfolio. (Greg Tyler / S&S)

SASEBO NAVAL BASE, Japan — When two petty officers here recently met at a base function and talked about building wealth, seeds were planted for the Command Financial Roundtable.

Chief Petty Officer Ray Riddley, the Amphibious Group One Equal Opportunity officer, and Petty Officer 2nd Class Guy Duke, from the Navy Branch Health Clinic, said they both enjoy investing in various stocks, bonds and mutual funds. The two discovered they each had expertise in areas about which the other wanted to learn more.

They figured others did to, and on Thursday the initial meeting of the roundtable was held.

“He knows things I want to know and I’m up on some things he’s interested in, so we decided to just open things up as a roundtable,” Duke said.

The meetings — to be held 11:30 a.m. to 1 p.m Thursdays — are only for sharing knowledge, Riddley and Duke said. The group itself does not invest funds, but “we’d like as many to come as think they might enjoy it, and they can bring their lunch with them,” Ridley said.

“This group is for anyone wondering how to be smart when making money work for them,” said Ensign Michael Rigoni from the USS Essex. “There are some really smart things you can do with money and some things that are really bad directions to take.”

“You don’t have to have a whole bunch of knowledge to come,” Riddley added, “because we are approaching these subjects from the beginning level.”

Petty Officer 1st Class Anthony Paxton, from the base’s Maebata Ordnance Facility, attended the inaugural roundtable in Classroom D on the second deck of the Community and Education Center.

“I was raised in Virginia,” he said, “and my family and relatives spoke of hiding dollars underneath mattresses in part because the banks weren’t safe, because banks get robbed.”

Making money work for you was “not something the family discussed a lot and probably knew little about,” Paxton said. “That makes this roundtable group just perfect for me.”

Participants discussed key areas of consideration when deciding if a fund is right for an investor, Riddley said.

“We talked mainly about various types of mutual funds,” Paxton said. “We’re planning to continue broadly on the same topic next week.

“And I’m glad, too,” he added. “I’ve got much to learn.”

Call Riddley at DSN 252-3552 or Duke at DSN 252-2559 for more information.


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