York Investment Club
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Transcript of York Investment Club
York Investment Club
Thursday, October 24th, 2002
Purpose Opportunity to invest in the equity markets Practical experience investing, with real money Gain communication and presentation skills Think critically and evaluate the potential
investment options Learn how to make money!!! Have Fun… this is not a lecture
Logistics
Meet once a month1st Investing Meeting – Oct. 31, 20022nd Investing Meeting – Nov. 27, 2002
• Four Additional Meetings in the Winter Semester
Logistics (continued)
Investing Meeting OutlineReview last month’s stock (performance,
major news, explanations)Vote on sell or hold last month’s stock If sell, vote to purchase new stock
Analysts
Analyst Teams1 Senior Analyst pairs with a Junior AnalystMay cover any sector, industry of your choicePresent to members your stock
Rationale supported with technical or fundamental analysis; field questions
Applications for analyst positions will be made available on October 31st (1st Investing Meeting)
Voting
Number of votes you have depends on much money you have invested Must invest at least
$50 = 1 vote Additional $50
increment is another vote
No one member may hold more than 25% of the votes
Any buy, hold or sell decision must be supported by a majority vote at an investing meeting
Portfolio
Current Value updated on the website regularly
http://yic.schulich.yorku.ca/
Very important to read YIC e-mails and check the website oftenUpcoming events, news and club
information are all on the website
In April, 2003
Money will be returned to all investing members +/- any capital gains/lossesA 10% stop loss is placed on every trade to
limit excessive lossesMembers may vote to not have stop loss in
volatile securities
Good luck everyone!