Making sense of investments

By: Emi FitzGerald Email
By: Emi FitzGerald Email

SHERMAN, Tex. -- The Dow Jones dropped 142 points before closing Thursday, just one more sign economists say could mean a recession.
The back and forth trend on the stock market is giving some Austin College students some real-life practice making sense of the economy with some investment tips we all can use.

With the sound of the bell on the New York Stock Exchange, millions watch as the economy tumbles.

Here in Sherman, a group of college students hope for bullish results.

"I like how it's volatile, it's different every day. We don't see the same companies doing well. Some days they're down, some days they're up," Brittany Causey said.

Meet the Austin College Investment Club, working with one million real dollars donated by an alumnus.

They meet a few times a month to see if different companies are an attractive addition to their portfolio.

"Actually a lot of hard work and reserach you can't just go, 'Oh, I like the iPhone, let's do Apple,' or, 'I love this computer, let's do Apple,' it's a lot more than just buying companies you like," said student Geoff Westcott.

Students say they finished 7% ahead after the fall semester.

"We actually have weathered it pretty well. I've been very happy with how we've been."

But after the market opened in January, at it's lowest point since 1932, it's been a little rocky.

"It's never fun to see your stocks going down like that."

But they say through research teamwork, they've stayed steady.
So what's the secret?

"We're going with utilities, telecomms, healthcare, those types of industries. Definitely want to stay away from consumer discretionary."

"I would buy companies that are stable that pay good dividends, hide and watch."

They plan to keep the fund going, returning any profits into a scholarship fund, counting on this experience to help them after graduation.

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  • by Jess on Feb 22, 2008 at 01:20 PM
    Can someone please explain to me why if our country is in a "recession", do we have to spend $30 million on foreign aid???!!!!! ANYBODY??????
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