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UKIC Fall 2014 Introduction
- 1. UNIVERSITY OF KENTUCKY INVESTMENT CLUB Fall 2014 Edition
- 2. NEW ON THE BLOCK The UK Investment Club was recently founded in 2009 Also known as The Wildcat Investors Student-oriented Our goal is to improve the academic and professional trajectories of all members We do this by: Giving educational presentations Mentoring/advising students: Which classes to take, what specific majors are like, how to obtain an internship, etc. Popular questions: What is the job market like after graduation? Which majors have the most opportunities? Where can I go to get career advice? (besides here!) We are also working on bringing in recruiters for internships & full time employment
- 3. CLUB STRUCTURE FOR THE FALL OF 2014 President Officers Analysts NEW! Opt-in program Members NEW! Attendance requirement Guests 2014 Changes Analysts no longer need to be elected. Simply opt-in by speaking with one of us after a meeting. Will be expected to contribute & participate throughout the semester Position may be revoked if you fail to deliver The ‘Member’ designation has been created for the Fall of 2014 Be officially recognized as a member of the UKIC 35% attendance in one of the previous two semesters Election information will become available as the end of the semester approaches
- 4. CURRENT LEADERSHIP President Dalton Bowling Officers Jake Walker Nick Betts Steve Nunnelley Analysts Zachary O’Daniel Rex Bray David Wu (Away, Internship) Trevor Marshall (Away, Internship)
- 5. CONGRATULATIONS TO FALL 2014 MEMBERS
- 6. WARNING OF POTENTIAL CHANGES In order to become a Member for next semester, you will need 50% attendance this semester As we improve our incentive structure and become more exclusive, requirements will continue to rise Barring donations, we will likely begin charging dues in the Spring Club resources cost money We have yet to determine how exclusive networking opportunities will be We highly recommend advancing as far as possible to avoid being left out
- 7. WEEKLY MEETINGS News 16% Portfolio Discussion 42% Typical Meeting Segments Educational Presentation 42% News Portfolio Discussion Educational Presentation 1) News 2) Portfolio Discussion 3) Educational Presentation We will be in the room at least 10 minutes prior and will stay as long as necessary afterwards
- 8. ADDITIONAL ALTERNATIVES Not all meetings will follow the previous format Bring in company recruiters (never sales) Skype meetings with former members Stock votes to buy/sell Professor AMAs Professional AMAs Q&A with former members Meet & discuss with the leadership Pizza party? We are also open to suggestions
- 9. ORGANIZATIONAL PORTFOLIO WITHOUT A DOUBT THE MOST REQUESTED CLUB FEATURE The Situation Nearly unanimous desire for a fund “Real money” fund currently impractical due to constraints Possession of funding issues Collection Disbursements Fees Etc. Costly mechanism to adequately pool money together Prior funds have been liquidated We can no longer ignore this desire; the UK Investment club needs this aspect in order to live up to its name
- 10. A VIABLE SOLUTION Real money is currently not viable We need a digital service with adequate controls & functionality Morningstar, Inc. Independent investment research & development firm located in Chicago Provides research services to thousands of independent advisors across the U.S. Offers a free digital portfolio service on Morningstar.com
- 11. WHY MORNINGSTAR Ability to manually input prices at any time of the day News & opinions on individual investments Various performance-tracking utilities Fundamentals listed on the tracking screen Portfolio performance vs various indexes Portfolio customization tools Asset allocation Alerts & updates by security, by portfolio, & intraday alerts
- 12. HOW IT WORKS Security Purchase Agreement Amount you can invest is based on your status within the club Officer - $100,000 Analyst - $75,000 Member - $50,000 Guest - $25,000 How to invest Write in the Security Name, its Ticker, and your desired Position Weight Position Weight total should be 100% Do not worry about dollar amounts or current prices Turn in your form to the club leadership at your own discretion
- 13. THE CLUB PORTFOLIO & WEEKLY MEETINGS Each week we will discuss the “big movers” Did a company beat/miss earnings? Accounting fraud? Etc. Occasional vote to purchase a substantial quantity of an individual security/MF We will present 3 options in advance and decide the following week based on popular vote May also vote to sell poorly performing investments Nick will briefly discuss an additional competition following this presentation (We are also open to ideas on how to better implement the portfolio in our meetings)
- 14. WHY US? Track record of success Places of employment Aristides Capital, Hedge Fund Masters in Finance, University of Chicago PhD in Economics, University of Michigan Financial Analyst, New York Racing Association Much more.. All UKIC officers have had a job offer by the time they graduate Incentive Structure Club office Connections across the country W.I. Professional Network Be around a group of intelligent & highly motivated individuals Great on a resume
- 15. GENERAL REMINDERS Feel free to participate Presentations are not limited to the leadership The more feedback, the better the experience Don’t be afraid to talk to us afterwards We want a sense of community We deliver what you want to hear If you like a topic and want to know more, let us know Our club sponsor is Wendy Liu Teaches FIN 300 & FIN 423
- 16. IF YOU’RE STILL INTERESTED Like us on Facebook Join us on Orgsync.com Keep coming to meetings! If you would like to be an analyst talk to us after class.. Also, we are opening up an additional 1 or 2 Officer positions Senior Good grades in FIN classes Will be interviewed