RIT Financial Management Association fma.rit.edu First Meeting: - - PowerPoint PPT Presentation

RIT Financial Management Association

fma.rit.edu

First Meeting: 09/04/2019

Welcome! We’re Glad to have you!

• President: Nick Renzoni
• VP/Portfolio Manager: Ansel Noe
• Secretary: Michael Garb
• Treasurer: Jillian Fioravanti

Meeting Agenda

• Introduction of the Club
• Introduction of our Advisors and Finance office contacts
• Club Projects for the semester
• This semester’s agenda
• The Summer in review
• Current News & Market Trends
• AND of course FOOD!

What is FMA?

The RIT Financial Management Association is a Saunders College of Business club dedicated to the advancement of student-centric investing. FMA manages a $200,000+ Stock and ETF investment portfolio. FMA Meetings are weekly on Wednesday's from 5-6PM in the Sklarsky Business Analytics Lab (LOW-1125). Each week we discuss our portfolio standings, have stock pitches for both buying and selling, and have club discussion regarding news events. We also have several company visits/Guest speakers visit each semester from companies such as Vanguard, Northwestern Mutual, and the SEC. Additionally, we participate in the Adirondack Cup Small Cap Investment challenger every year. FMA is an open club for all RIT students, we have members from 5 of the 9 individual colleges at RIT.

When do we meet? Wednesday’s 5-6PM LOW-1125 Sklarsky Analytics Lab

Introduction of Hao Zhang and Ken Buckley

Club Advisor: Hao Zhang

Director of Endowment Accounting & Cash Management: Ken Buckley

Club Projects / Objectives for the semester

• Adirondack Cup Challenge (Team by Sept. 13th)
• Portfolio Stabilization/Sector Rebalancing
• Portfolio Visualisation with Ansel and BTP Club
• Community Giveback/philanthropy with club

profits

Semester Calendar (tentative)

• Wed 09/18- Student Career Panel
• Wed 10/09- Vanguard Company Visit
• Wed 10/23- Northwestern Mutual Company Visit
• Wed 11/13- Bloomberg Terminal Training Seminar
• Wed 12/11- Semester Shareholder Meeting
• All other Wednesday Meetings are planned as normal FMA meetings

Club Resources: Bloomberg Terminals

• The Sklarsky Analytics Lab is

equipped with 12 Bloomberg Terminals

• All RIT students have access to

the lab computer and the terminals (account required)

Club Website Resource

• The club website provides all the information for the club
• All pitch presentations both buy & sell are posted

immediately after meetings @ fma.rit.edu/resources

• E-Board officers contact information
• Link to Google Sheet portfolio: Portfolio

Where we left off

Portfolio value: $228,176.12 Cash: $ 523.20 Top Holdings: AMZN 7.78% PFF 6.25% PAYC 6.14% XMPT 5.83% Smallest Holdings: Cash 0.23% MO 0.43% DAL 0.45% DLTR 0.58% Recent Purchases: DPZ 1.59% TEAM 1.71% BLV 2.08% NFLX 1.50% HRC 0.84% Recent Sales: FCAU 0.33%

Current News & Market Trends

• Inverted Yield curve
• All time low global bond yields
• NY fed recession indicator
• Warren Buffett has $122 billion of his $204 billion in cash

○ Hasn’t done this since just before the 2008 market crash

• Tariffs on chinese goods went into effect this past sunday

Portfolio Review

Portfolio Value at Market close: $241,658.93 Performance vs S&P 500: - 0.59% Portfolio Winners: PFF 35.38% EW 28.82% SYNH 27.41% SBUX 26.31% AAPL 19.50% Portfolio Losers: NFLX

• 15.05%

DPZ

• 14.44%

MO

• 9.69%

AMZA

• 9.44%

SCHW

• 7.05%

Thank you for Coming!