With financial markets going through turbulent times these days, the best investment advice to be found might just come from… Keuka College students.
The college boasted four of the top five performers in the competitive Spring 2018 ETF Global Portfolio Challenge. All four created portfolios that generated a return on investment of more than 30 percent – during a time when the market itself actually fell.
“Over the period of the challenge, the market went down 0.2 percent,” said Keuka College Associate Professor of Finance Steven Barber, who accompanied College students on a celebratory trip to the Fall ETF Forum in Manhattan, “so our returns were impressive!”
The portfolio challenge attracts students from across the country and around the world, with more than 1,000 participants representing 43 states and 36 countries. Still, Keuka College’s student-investors more than held their own, capturing nearly half of the top 20 spots:
– 1st Patrick Giardino ’18, management major (51.52 percent portfolio return) 2nd Trevor Alton ’18, accounting major (46.60 percent)
– 4th Hunter Waddington ’20, management major (36.84 percent)
– 5th Michaela Martin ’19, management major, (33.40 percent)
– 6th Konrad York ’18, management major (31.58 percent)
– 10th Nicholas Cantando ’18, management major (25.24 percent)
– 11th Ryan Lawrence ’18, management major (21.01 percent) 13th Dakota Skinner ’17 management major (19.34 percent)
– 17 h Luke Labuski ’19, accounting major (15.13 percent)
The competition requires students to invest a virtual balance of $100,000 in a portfolio of between four and 10 exchange-traded funds, which they then manage over the semester. Portfolios are measured by their total returns.