by The First Short-Term Competition has been Completed!
After a nail-biting couple of weeks, the first competition of the $60,000 short-term investing competition has come to an end. Each of the five participating groups put a lot of hard work into their investing decisions, and surely their hard work paid off! As a club, from November 21st until December 11th, the portfolio’s $60,000 allocation increased a whopping 4.47%, while the S&P 500 increased only 1.12% over this three-week period.
Congratulations to Group 0 for winning the competition by increasing their allocation of $12,000 by nearly 12%. Group 0 members include the four standing Board Members of LAM: Adrian Larsen, Drew Hoover, Reid Marlow, and Garek Schultz. Their $12,000 allocation was split up evenly in thirds between a gold ETF with 3x leverage, Corporacion America Airports, and Best Buy Co., Inc.
Additional honorable mentions can be made to Group 2, which was made up of team members Brentyn Muir, Abby Widger, Maria Chinnici, and Andrew Vaden Broeck. Together, this group of young investors grew their $12,000 allocation by 6.82%, which is outstanding as well! Much of their success can go toward StitchFix (SFIX), which rose 23.57% over the three-week period.
Again, congratulations to everyone that participated in the competition this semester, and we can not wait to kick off another competition first thing in the coming Spring semester! This was just a trial run, and the Board Members are eager to see what club members will come up next go-around!