HORNET’S NEST Proctor Academy | November 1, 2019| Vol. 5 | Issue 2
Proctor’s Wolves of Main Street
By Carlos Meyer Have you ever thought of earning and enjoying more money in life? Do you want to learn how to invest in the stock market? Well, look no further than Proctor’s Investment Club. It is organized to be like a game and there are prizes, but the real fun of the Investment Club is the competition of earning the greatest profits. There are somewhere around 12.5 to 13.5 million accredited investors in the United States. That is roughly about 8% (10 million households) of the population in America. Stock exchanges all over the world are necessary for industrial development. Without investment funds, many of the revolutionary ideas and fundamental improvements to products and industries wouldn’t exist. The founder of the Proctor’s Investment Club is Cole Schwabacher ‘20, who is currently the leader along with Sean Feingold ‘20 and Ross Young, Chair of the World Language Department. Ross claims that he is not the overseer, (but in reality, he is) and he offers his advice and experience as a veteran investor. Some members already have prior knowledge of investing and want to refine these tools, yet there are a bunch of students who don’t have any prior knowledge and show up just to learn investment basics. One surprising fact about the club is that there are over twenty-five current members, possibly more members than any club at Proctor. Cole explained that the club works by every person picking investments, and their limit is their budget. If a big event happens that affects
the stock market, the club investigates news reports and information to determine why there was a change in profits for certain companies. Cole added, “At Investment Club we use a website called, Market Watch. It mimics the stock market by giving each member a simulated $100,000 in their accounts and it keeps track of everyone who is invested in any company of their choosing. Then as the group meets once a week, we play around, learn about investment, and see if we could earn money. For example, recently Ben Blanchard earned the most amount of money because he invested in Bed, Bath and Beyond, and the company hired a new CEO so it’s worth doubled over the course of a day.” Cole advises other students, “I encourage everyone to get started on Market Watch to learn a little bit, follow the news and read a lot. However, no one is an expert, no one knows all that’s going on, so don’t spend too much money and just have fun doing it.” Why consider joining? Cole claims, “Because it is the most popular club on campus! It is extremely useful knowledge for later in life, and the sooner you get involved with investing, the better you will be financially in the future. There is no better place to start than Investment Club.” If you are ever interested, Proctor Investment Club meets every Tuesday from 5:30 to 6:30 PM, gathering at the large table in the upstairs Dining Commons Proctor Room.