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Friday September 6 th , 2013 1 st Meeting of Fall Semester

Friday September 6 th , 2013 1 st Meeting of Fall Semester. Lafayette College Investment Club. Meeting Agenda. Maureen Boehmer of Career Services will give an introduction to her role and opportunities there are in the fall. Finance Night, Alumni Meetings, Etc.

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Friday September 6 th , 2013 1 st Meeting of Fall Semester

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  1. Friday September 6th, 2013 1stMeeting of Fall Semester Lafayette College Investment Club

  2. Meeting Agenda • Maureen Boehmer of Career Services will give an introduction to her role and opportunities there are in the fall. • Finance Night, Alumni Meetings, Etc. • Introduction To Club – Welcoming New Members • Fall Agenda • Market Update by our Market Analyst Ryan McCormick • What is going on in Markets

  3. WELCOME NEW MEMBERS • Interesting Facts about the Investment Club • We are the only club on campus that is self sustaining and receives no aid or funding from the school. • We currently have over 400MM dollars invested in the markets. (Yes real money) • Being the oldest club on campus started over 40 years ago

  4. Market Update 9/6/13

  5. Summer – Two Stories • Economic Recovery Remains Slow • Unemployment Rate around 7.4% • Long-term unemployed elevated Conversely, Stock Market reached record high

  6. Reasoning • Federal Reserve engaged in QE program, buying long-term Treasuries and MBS • Lower long-term interest rates and encourage growth (housing market). • Lowers opportunity cost for investors • Investment in markets caused prices to appreciate

  7. QE Tapering • In June, Fed chairman Bernake threatened to taper asset purchase program • Sent volatility throughout markets

  8. Moving Forward • Anticipated tapering after September meeting • Bond rates will move higher; could cause an increase in yield. • Investors will look to re-position portfolios • N/A to Investment Club – valued portfolio

  9. Other News • Verizon bought Vodafone’s U.S. wireless business for a reported $130 billion • Gives Verizon power in increasingly competitive market • Deliver improved wireless network coverage

  10. Continued • Samsung unveiled “Smartwatch” product • Includes Wi-Fi and connects to all Android devices • Can measure your health data through watch • Apple stock decreased on the news • Demonstrates ultra-competitive market

  11. New Members • Get involved by doing market update • Great way to learn about Economy/Finance • Easy to get started through WSJ • Contact Info: mccormir@lafayette.edu

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