The Investment Club’s Saint Matthew Investment Fund returned a remarkable 43.5 percent in 2019 and surpassed $70 thousand for the first time.
The fund was established in the early 1990s and is managed by students in the Investment Club.
The club members conduct weekly meetings in order to discuss the global market and decide what stocks they will buy and sell.
Kevin Smolyn serves as president of the club and Jackson Hoey is the club’s vice president and secretary.
“I am very happy about the success we had last year under former President Jacob Wilson,” said Smolyn, a junior Finance and Accounting major from Holland, Pennsylvania.
Smolyn succeeded Wilson as president of the club last month.
“I look forward to continuing the success of the fund. In recent weeks, the markets have been extremely volatile, but we look at this time period as a vital learning experience for all of the members.”
The Investment Club published an annual report earlier this year that highlighted its 43.5 percent return on the Saint Matthew fund. All of the money that is generated through the fund is used to buy more stocks.
The club is considering taking a trip to New York next year to learn more about investments and stocks. It is advised by Shields School of Business faculty members Maggie Kealey and John Miko.