The news site of Hinsdale Central High School

Devils' Advocate

  • April 5Follow us on Instagram and Twitter! @hcdevilsadvo

  • May 23Add us on Snapchat! @devils_advo

Investment Club looks to the future

Hang on for a minute...we're trying to find some more stories you might like.


Email This Story






Investment Club is beginning its second year with expansion, both in its finances and in its membership. The club, which was founded three years ago by two juniors, is looking to a new financial policy as a cornerstone of this year’s club.

“Previously, the maximum allowed investment that a student could make was $250. This year, we have doubled the limit to $500,” said Sean Catalano, senior and CFO of the club.

However, this new policy is not expected to undermine to equality of stock picking in the club. The bylaws of the club do not allow for large investors to dominate the finances of the club, said Steven Yeh, senior and Co-CEO.

“The first $15 invested earns the member twelve votes for stock picking. However, each additional vote costs an additional fifteen dollars,” Yeh said. “This allows even small investors to have real control over where the club chooses to invest.”

Catalano embraces this philosophy, especially from a financial perspective. “Some of my best trades are made interacting with other people,” Catalano said. “For example, one of our major investments last year was Indian Oil Corporation. I had never heard of it, but it ended up yielding an amazing 15 percent over four months.”

Investment Club has a troubled past with the school board, which initially opposed the idea of minors working with real money. However, Robert Scales, senior and Co-CEO, believes those troubles are well behind them.

“We had to meet twice with the school board, and we ended up creating a nine page legal agreement that every member must sign. Though the administration was initially against the idea, Investment Club has become a resounding success,” Scales said.

All three leaders promise a strong future for Investment Club but say there is more work to be done in gender diversification. “We certainly have a strong student membership, with about 50 members. However, we would like to have some more female members, since there is somewhat of a gender imbalance,” Scales said. The club is still accepting new members, and it encourages students to join.

“It’s a great club, especially for those new to the stock market,” Catalano said. “We’re here to make money and learn at the same time.”

Print Friendly, PDF & Email

Leave a Comment




*

Navigate Right
Navigate Left
  • Investment Club looks to the future

    News

    Police alarm accidentally pulled after school

  • Investment Club looks to the future

    News

    Rotary Run races for charity

  • Investment Club looks to the future

    News

    Students and faculty excited by prospect of Cubs playoff run

  • Investment Club looks to the future

    News

    NHS bake sale raises money for Rizzo Foundation

  • Investment Club looks to the future

    News

    National Merit semifinalists announced

  • Investment Club looks to the future

    Fall

    Football team faces adversity with injuries

  • Investment Club looks to the future

    News

    Upcoming events

  • Investment Club looks to the future

    News

    What to know about the buffer zone debate

  • Investment Club looks to the future

    News

    MSA organizes second annual basketball tournament

  • Investment Club looks to the future

    News

    LEAP into Africa hosts South African educators

The news site of Hinsdale Central High School
Investment Club looks to the future