This article was written by Stockpickr member Ira Krakow.
Boston College has a long and illustrious football tradition. It includes Doug Flutie's 1984 "Miracle in Miami," and the school is where NFL All-Pros such as Matt Hasselbeck (Seattle Seahawks) and Dan Koppen (New England Patriots) got their start. But B.C. doesn't just shine on the football field. It is financial superstar and former manager of the
Fidelity Magellan Fund
(undergraduate) alma mater and it's the home of the thriving Boston College Investment Club.
25 Years of 'Going Long' in the Stock Market
The B.C. Investment Club was founded in 1983 by William Doty, a junior economics major at the B.C. Carroll School of Management. Doty raised the club's $15,000 of initial
from interested donors. Now 25 years later, the club is B.C.'s largest student group, with about 500 members, and it runs an investment portfolio of approximately $360,000. Over the years, the club's portfolio has become part of B.C.'s
and it has received $90,000 in public donations. The rest of the increase in capital has come from the investment skills of the undergraduate investors, who (according to the club's Web site) have consistently outperformed their
So how does the B.C. Investment Club work?
The club's portfolio consists of one
held at an E*Trade account. It is managed by a student executive committee, and Professor Harold Petersen, of B.C. Carroll's Department of Economics, serves as the club's faculty adviser.