$100,000 is a lot of money for any one. While if given the opportunity, some may choose to spend it, a recent assignment in Don MacLeod’s financial investing class had students looking for ways to invest that amount of money and make a profit.
The assignment was in conjunction with the University of Dayton’s Davis Center portfolio high school competition.
“We went to the Davis Center to present in front of college students and professors,” explained Jalen Sheeler '18.
A senior vice president from Merrill Lynch was also in the audience for the final presentations.
Two groups from CJ qualified for this competition and one group won the top prize.
Tim Menker '16, Jacob Murray '16, Morgan Rogers '16, and Thomas Wilimitis '16, named their group “The Hot Tips.” Those students performed the best out of 30 other teams in the Dayton-area.
“We were given points on our portfolio and our presentation was the other half of our final score,” said Menker.
"The Hot Tips" made a $13,000 profit on their $100,000 investment in a two-month period.
“It was kind of exciting to look at all the stocks and once you see your money going up, it was kind of a rush,” described Rogers.
The second group from CJ, "Prophets of Profit," consisted of Kendall Harrison '16, Lionel Nsilulu '16 and Sheeler. That group was ranked fifth before the final presentation on Tuesday, December 8.
“It was a good opportunity because it allowed us to invest into the real stock market and compete against other groups’ portfolios,” Harrision said.
Wilimitis agreed, "A lot of other students in the competition did really well with real-world profits that actual investors would be happy to get.”
While many of the seniors are still deciding on their plans for next year, most agreed that this project reflected something they would like to continue doing after graduation.
"Even if we’re not doing something directly with this, it could be something we do on the side saving up for retirement," Murray said.
"This assignment wasn't just about picking stocks," explained MacLeod. "The students had to do research to be successful. I believe CJ helped prepare the students based upon the way they presented their findings and how they interacted with students from other schools during the competition."