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The Bolte School News

Keyword: challenge

 

The Mount’s Federal Reserve Challenge team successfully competed completed against Loyola University, University of Maryland Eastern Shore, Towson University, McDaniel College, and America University and won the first round of the competition on October 30th.  The Mount’s team is now getting ready for the semi-finals November 20th at the Federal Reserve District Bank in Richmond.  If they win they will go on to the nationals on December 2nd at the Federal Reserve Board of Governors building in Washington, D.C.

Fed Challenge TeamThroughout the competition teams make presentations to a panel of monetary economists on their views of the current economy and recommendations for whether the Federal Reserve should target an increase in the federal funds interest rate. The Mount team’ presentation at Towson was crisp, lively, and well-articulated. The judges were also impressed by the way the team handled the question-and-answer section.

Captain Josh Donofry C’16 had this to say about his experience in Fed Challenge, “Ben Bristor C'16 and I have been on the Fed Challenge for past four years and we embraced the idea that we do not represent just ourselves, but also Mount St. Mary's and the Bolte School of Business.  Although we had come close winning in the past couple years, we were tired of just ‘coming close.’ We tried to make our presentation comprehensive while also bringing some levity to the ‘dismal science.’ We have always received an exceptional amount of support from everyone in the School of Business and we're extremely happy that we could put together a winning performance.”

We have a fabulous team this year:

Benjamin Bristor C’16 (co-captain, presenter)
Joshua Donofry C’16 (co-captain, presenter)
Sean Dailey C’17 (presenter)
Richard Grim C’17 (presenter)
Ryan McNeil C’17 (presenter)
Stephen Witkowski C’16 (presenter)

Captain Benjamin Bristor said that while the team they have this year is great they couldn't have done it without previous classes laying the groundwork for what the Fed Challenge team is today. Ben gave special recognition stating, "I’ve met and worked with a lot of fantastic people in my time here, starting in freshman year with people like Tyler Jones C'13, Mark Quaranta C'13, Brian Baldini C'13, Brandon Ziza C'13, and Tyler Giles C'15 and every year since then.  The one person, though, who has really been a blessing to be able to share this with is Josh Donofry, who every time we do this comes in with a completely unique and irreplaceable way of looking at the subject.  The School of Business and the Mount have always done their best to support the team, and we really do appreciate what they do."

If you see them in about campus be sure to congratulate them on a fantastic job!

This past fall semester over 60 students participated in the annual Mount St. Mary’s University Student Investment Challenge hosted by the Student Finance Club. The challenge, which took place over six weeks from October to November, is a simulation in which the participant buys and sells the ownership of publicly traded companies in order to build the value of an investment portfolio. The challenge is a great chance for students who have expressed interest in the stock market to better understand the concept of buying and selling stock.  Todd Zuech

Each student began with $100,000 and competed to see how much they could increase their stock portfolio's value.  At the closing bell on November 21, with all the results in, the winner was a clear cut Todd Zuech, C’17, who ended with over $515,471 dollars, a gain of 415% from the initial $100,000 value. Runners up were Teresa Gonzalez, C’17, at $164,201 a 64% gain and William Naille, a graduate student at the Mount, who earned $119,608 a 19% gain. Although it was a landslide victory for the underclassman here at the Mount the learning experience it provides for everyone is undeniable. Prizes of $300, $200, and $100 were award to first, second and third place respectively.

The end value of many of the portfolios show how much the student puts into the challenge.  Professor Don Butt, finance club faculty advisor, said, “In the past, the winners of the investment challenge have all been extremely active through the entire course of the challenge, making multiple trades over the course of a single day.”

The challenge really articulates how much work it takes to remain competitive and the constant trading necessary to create a profitable portfolio.  “This is a great way for anyone who is interested in pursuing a career in stock brokerage or going on to take the Series 7 exam after graduating to get their feet wet and see just how much work goes into the career," Professor Butt said. “I would highly encourage any undergraduate business majors to participate in future challenges by the investment club.” 

 
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