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September 10 th 2012. Introductions. Jake Larkin.71 President, Westerville Ohio, Junior, ME Yuhao Wu.1349 VP/Webmaster, China, Junior, Finance Alex Gerlaugh.2 Treasurer, Worthington Ohio, Sophomore, Accounting Nick Ramstetter.5
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September 10th 2012
Introductions • Jake Larkin.71 • President, Westerville Ohio, Junior, ME • Yuhao Wu.1349 • VP/Webmaster, China, Junior, Finance • Alex Gerlaugh.2 • Treasurer, Worthington Ohio, Sophomore, Accounting • Nick Ramstetter.5 • Communications Director, ***,***,*** • Alex Kaneps.3 • Public Relations, ***,***,*** • Brian Altschuler.5 • Portfolio Manager, ***,***,***
Purpose • Common Cents Investment Group is an organization open to all students who are interested in learning about investing. The focus of the club is to increase the knowledge of our members through the discussion of investing strategies and ideas. We talk about all aspects of investing, including mutual funds, the stock market, options, and many other scenarios, and teach our members the fundamentals of investing. There is something to be learned at every meeting for both beginners and sophisticated investors.
Membership $20 • Cost is only $20 for the whole year! • Benefits: • Member of a very beneficial and informative club that will inevitably be valuable in your future • A network of friends who share a similar interest in investing and personal finance • A virtual portfolio challenge that will strengthen your confidence in investing
Membership • Benefits: • Possibly T-Shirts? • Resume booster! • Leadership opportunities • And of course…Free pizza & Pop!
Membership • Full Membership requires: • Member has attended at least 2 CCIG meetings • Member has paid $20 club fee
Why Invest? • “Average interest rates on savings accounts are currently less than 2%. Average annual returns for mutual funds are over 10%” www.coolinvesting.com • Don’t try to keep up with inflation, beat it! • When properly educated, returns of 10%-15% are easy to achieve…without much risk! • You’re young. Now is the time to start (or at least learn)!
Why Invest? • Compound interest is your friend • A little scenario... • You’re 20 years old. You decide to invest $1,500 each year…for 15 years. • Your friend is also 20 years old, but never joined CCIG and doesn’t start investing until he/she is 31 • Your friend also invests $1,500 each year, but for 35 years
Why Invest? With the assumption of 10% annual growth
Investopedia • A year long virtual investment challenge on www.investopedia.com • The winner at the end of year wins a cash prize! • Each participant will have: • $100,000 of virtual cash • Until the end of spring semester to trade • The ability to view their own trade history as well as the trade history of other players • Great resources at their access to do research on investments
Investopedia • How to join: • Create an Investopedia account (easy) • Click on Simulator on the home page
Investopedia • How to join: • Click “Add/Edit Games”
Investopedia • How to join: • Click “Join Game”
Investopedia • How to join: • Search “CCIG OSU 2012” and select “Join”
Investopedia • How to join: • Game Password: ******** • Password will be given to official members
Book Library • The Intelligent Investor • The Dhando Investor • Common Stocks and Uncommon Profits • When Genius Failed • One Up on Wall Street • Suggestions?
Book Library • Available to paid members • Check books out in 2/4 week intervals • Possibly available in PDF or eBook • Books are brought to meetings…so you don’t have to waste time finding them in a library
Future Meetings • Mondays, 7:30 in SB 200 • No meetings around finals week • Missing meetings is absolutely alright! • We take attendance to gauge your interest • Use attendance for reference when picking new executive positions • Presentations on investment topics lead by the executive board
Future Meetings • Content: • Terminology and stock market lingo • How to begin investing • How to manage a portfolio • How to start researching investments • How to maximize your profits • How to develop a strategy for investing • A wide variety of specific topics that are brought up throughout the semester
Future Meetings • Topics of presentations • ETF, USD, DJI, NASDAQ, AHT, ASIP and all the other acronyms you may not know… • Hold, Short, Buy, Bonds, CD, Mutual Funds, Futures, Commodities, Forex and many other topics which you may not fully understand…or have never even heard of! • Most importantly…we can present about topics that you want to learn more about. • Hopefully, CCIG has something for everyone to learn about
Future Meetings • Guest speakers: • Christian Gabis • Ross Klosterman • Luv Sharma: Founder and CEO of Stockstream Financial Services and a OSU alumni. • Lots of experience with technical analysis • Erik Brown & JuliDamopoulos • Former Fisher students and want to speak about running yourown business in the financialservice industry
Fundraisers/Social • Attempting to make CCIG more social! • PB&J (Pizza, Beer & Jokes) at Pizza Rustica? • 100% funds raised towards CCIG • Stand up comedy, pizza & beer • Possibly a new leadership position • Funds will be put towards pizza, T-Shirts, more books • Any suggestions are welcome
Questions? ? • Questions, comments or concerns?