Investment Club portfolio reaches all-time high

Posted on September 26th, 2017 by

Under the careful watch of many student leaders over the years, since the Investment Club was awarded its initial portfolio amount of just over $105,000 in 1997, the portfolio’s value surpassed $200,000 this September! Gifted by E. Terry Skone ’63, the Club’s investment management activities have two goals: learning about investing and how markets work, and, returning earnings for scholarships to the College. Terry’s vision was to allow students access to a 6-figure portfolio to truly engage in investing activities and see how markets work.

Since its inception, the Club has returned over $25,000 in scholarship funds to Gustavus students, and earned 55% total returns over the life of the portfolio. Even with the scholarship money draws, the Club’s portfolio balance has topped $200,000. The Club has worked hard to honor that initial legacy and be excellent stewards of its funds. In recent years, the Club’s membership has voted to include a social responsibility statement for any equities it considers and holds, crafted an investment philosophy statement with the assistance of Damon Whelchel ’91 and Steve Andres ’10 as advisors, and visited with investment firms such as Varde Partners, founded by Marcia Page ’82 and George Hicks ’75. The Gustie community has been incredibly supportive of the Club, its members and its officers.

The Investment Club meets every Tuesday, 4:30 – 5:30 in Beck 101. Please join us!

 

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