Investment club to be featured on CNBC Dec. 3The Blue Hen Investment Club, a student organization that oversees a substantial portfolio on behalf of the University of Delaware, will be featured on the Monday, Dec. 3, edition of CNBC’s “Power Lunch” program. A CNBC crew will be on campus Dec. 3 to conduct interviews with members of the club, who will share their experience with the stock market. “Power Lunch,” which considers a variety of market issues, is hosted by Bill Griffeth and airs noon-2 p.m., weekdays. The UD interviews will be conducted live at about 1:40 p.m. CNBC can be found on Comcast Cable Channel 43. The Blue Hen Investment Club was founded in 1996 with initial seed money of $500,000 granted by the UD Board of Trustees. It currently has 17 members and is advised by Donald J. Puglisi, MBNA America Professor in the College of Business and Economics. “The goals of our club are to have consistent growth in our holdings and, as members, learn from each other, gaining real life investing experience that will benefit our future careers,” Ryan Crawford, who contacted CNBC about the UD club, said. “The club started out with an endowment of $500,000 and is currently pushing upwards of $800,000,” Crawford said, adding, “I know I am a college student but I think that’s a lot of money to just about anyone, and it is at our club’s fingertips to decide where to put that money. That in itself is powerful.” Since Crawford joined the club, he said he has learned a great deal about the fundamental principles of investing, has developed presentation skills and has gained “a great respect for diversification.” The club has done surprisingly well during the past year’s “growth recession,” Crawford said, noting, “We have actually made gains during the time by investing in companies that are ‘recession proof’ and taking advantage of low prices on companies that are deemed as undervalued.” Last year at this time, the portfolio was at about $650,000, Crawford said. He said he hopes the “Power Lunch” appearance will spur more students to join the club, membership in which is free. The club provides a wonderful opportunity for students to learn first-hand about markets and investing, he said.  |