BY ANDREW WANG
In first period classrooms across Carmel High School, members of Investment Club, a group centered on learning the ins and outs of the stock market, excitedly discuss with one another the daily fluctuations of the Dow Jones Industrial Average and the NASDAQ composite.
“Investing is a lifelong skill that a lot of students at CHS could stand to use,” says junior Will Langmann, co-president and co-founder of the Investment Club.
Using Investopedia, a financial advice website that also hosts a stock market simulator, club members compete against one another by strategically buying and selling virtual stocks in order to increase their standings on the leaderboard. The simulator allocates each member a starting budget of $100,000 to invest in whatever companies they want and updates their budgets in real time in accordance with the stock market. It’s made to be as realistic as possible, complete with a $20 transaction fee whenever stocks are being purchased.
It’s this realism that Langmann and fellow founder junior Ryan Dority believe will help Investment Club members gain experience and learn to make smart financial decisions in the future involving the stock market, rather than going in blind.
“Looking into the future, when you’re earning money, you’d also want to invest money so you can make more off that,” Dority says.
Back in May 2019, Langmann and Dority had frequently discussed the potential niche that a stock market or investment related club could serve before forming the club earlier this school year.
“We were both interested in this and wanted to develop something where we could include other students at school,” Dority says.
This venture proved to be a success, as the Investment Club now has over 20 members, most of which are junior boys.
“I had talked to my dad about wanting to learn stocks, because it sounded like fun and could return money in the future,” says junior Ivor Myers on why he joined Investment Club.
Club members now meet every other Friday during lunch in history teacher Jillayne Ange’s room, Room 32, to evaluate the leaderboards, discuss prevalent vocabulary terms from the finance world and debate over potential big-return stocks. Independently, club members conduct their own research on the best stocks to buy, the fluctuations of the stock market and the art of buying low and selling high.
Overhearing discussion among club members about current standings on the ladder or an exciting increase in profit are now commonplace in many junior classes.
Langmann recalls the humble beginnings of the Investment Club and how they tried to attract members at the club fair.
“At the club fair, we made a cool poster and just asked everyone who walked by if they wanted to be a millionaire,” Langmann recalls.
Those looking to join Investment Club can listen to the CHS school bulletin to find out when lunch meetings are being held.