When Brandon MacLeod ’14, Moorhead, graduated in December, he had real-life trading experiences to bolster his resume.
The finance major has been working toward a career in financial advising and portfolio management through Concordia’s Offutt School of Business.
MacLeod is also one of 20 students participating in the Offutt School’s Scheels Investment Fund.
The Scheels Investment Fund is one of only a handful of investment funds managed by undergraduate students in the U.S., says Dr. Scot Stradley, professor of finance.
In 2011, Steve and Eileen Scheel made a commitment of $100,000 so students could have hands-on experience investing in the stock market and managing those funds once invested.
Students like MacLeod take concepts they learn in class and apply them directly to the real market. Designated as portfolio builders and managers, students research stocks, devise strategies for buying and selling, and regularly monitor market activity.
Concordia students have invested two portfolios so far. Both have been holding steady near or just above the benchmark S&P 500 levels since 2013.
The students study elements of stock market levels and see firsthand how factors like interest rates, politics, disasters, world news and seasonal spending affect performance of their investments.
“Finance is a competitive field, so it’s nice to have experience in the real-world stock market,” MacLeod says.
The Scheels Investment Fund is not limited to business or finance majors but is open to students in any field of study.