September 5, 2013
Student Investment Group Exceeds $300,000 Mark
This past summer, the Houghton College Student Investment Group closed their portfolio at a record total of over $300,000 for the first time in the group’s history.
This was an approximate increase of 20% since the beginning of the year according to Richard Halberg, professor of Business Administration. “We made history,” he said.
Houghton business students are selected for this program and manage a portion of the college’s endowment funds. When SIG was started in 2001, the group had $25,000 to work with. Later that year another $75,000 was added to this program. In September of 2008, with the addition of the Investment Center, $70,000 more was placed in the students’ hands.
The group was at $250,000 just before the 2009 recession. “Like most portfolios, we lost a significant amount of money during the great recession,” Halberg said. “But, we have earned that back and more.”
The Student Investment Group at Houghton College is one of the few programs in the United States like it. Houghton students have the opportunity to research, buy and sell stocks with real money in real time.
“[T]he primary purpose of the group is to provide a unique learning experience, [and] we ‘keep score’ by tracking the value of the portfolio,” Halberg said.
Many colleges sponsor investment games, but very few undergraduate students receive the opportunity Houghton College Provides. “This is real hands-on learning and better than what students could get working in an investment firm,” he said.
Houghton’s Student Investment Group is one of the biggest and oldest programs in the Council for Christian Colleges and Universities. “The Student Investment Group is a true research laboratory…[where] students refine their understanding of fundamental and technical financial analysis,” Halberg said. “This is one more way we demonstrate the quality of Houghton students.”
Earlier this year, 29 senior Houghton Business students scored in the top five percent in the national administered Business Major Field Test. Read more here: http://www.houghton.edu/news-media/recent-news/houghton-business-students-rank-in-top-5-nationally-according-to-business-major-field-test/276/