Tom Fredericks ‘19 is working with prof. Jim Harding (Dean of Faculty, natural resource management), on an independent study related to investment strategies—principally on stocks and stock options. As part of his investigation, Tom and a GMC team competed in the “Think or Swim Investment Challenge” sponsored by TD Ameritrade. This is a month-long competition in which 3-4 person teams, made up entirely of college students, are each given $500,000 in a virtual brokerage account. Over the following four weeks, teams invested in stocks, bonds, and options and tried to increase the value of the account. The competition began on Monday, Oct. 10 and concluded on Friday, Nov. 4. This is the second year that a team from Green Mountain College has competed in this challenge—last year, the GMC team led by Swe Oo ’16 finished 33rd out of 641 teams. This year, Tom’s team (GreenMtn Investing), including Marjuk Ahmed ‘17 and Ben Webb ‘19, was one of 726 from all across the United States. At the end of the competition, GreenMtn Investing finished 13th (in the top 2% of all teams), turning the $500,000 investment into $633,874.75 for a monthly return of 26.77%. “It is a credit to Tom to lead his team to 13th place finish against teams from some of the largest universities in the country,” Jim Harding said.
/ / / Student Team Beats the Markets