The Parker School Investment Club includes,from top, left, Michael Note, Grant Nair, Maia Tarnas, The Investment Club advisor Scott Elliott, Kosuke Kume, Nya Phillips. Bottom, left, Jaren Ashcraft, Lysha Matsunobu, Luke Potter and Josh Yost (PHOTO COURTESY OF PARKER SCHOOL FOR NHN)
Parker School recently launched a new investment club with nine juniors and seniors who meet weekly to learn about making investment decisions using funds set up specifically for the club. The fund has been created solely with monetary gifts from donors with an interest in financial education.
Part-time Hawaii Island resident Rick Baird, a portfolio manager at Yellowstone Partners and founder of Wind River Advisors, started The Investment Club.
Scott Elliott, a portfolio manager and partner at Wellington Management (based in Boston) is running the club, and Baird will join him in October. Elliott’s area of expertise is asset allocation and he has worked with investors in more than 30 countries. He is also the parent of two Parker Lower School students.
The main goals of the club are: to teach the students how to examine many of the key financial decisions they are likely to face as adults; to examine and avoid unnecessary costs of investment management, brokerage and other fees; to avoid typical investing mistakes, and to understand how companies, the economy and financial markets really work.
To prepare for the Investment Club, the students were required over the summer to read Peter Lynch’s” Learn and Earn,” and Joel Greenblatt’s “The Little Book That Beats the Market.”
The Investment Club students take turns every few months serving in officer roles and also covering specific industry sectors. Now that the students have completed the financial and valuation analysis of the companies they cover, they will begin developing and debating their investment recommendations.