Investment club reestablished at Huron
Media from Wix
The stock market plays a huge role in the global economy and over half of Americans own stocks. This year, junior Micheal Kim has reestablished the Stock Investment Club (SIC) at Huron. This is a club that previously existed in the past but was discontinued two years ago when the former club advisor, english teacher Brad Huttenga, departed Huron.
“I started the club for a place to have fun with investing and share knowledge that can be applied in the real world,” Kim said.
Members of the club invest virtual money into an online simulation that is representative of the current stock market. Students learn how the stock market works, how to interpret graphs, determine which stocks to buy and more.
Since the beginning of Feb., the stock market has been crashing as a result of COVID-19. Many members of the club have seen their stocks plummet, but junior Vice President of SIC Nick Grosh believes this is an important lesson to be learned about investing.
Investing in stocks, some more than others, always involves a risk. The stock market is not always predictable but Grosh believes it's worth it.
“Investing in stocks is much more practical than investing in a bank,” Grosh said. “If you invest smartly, you can have enough money to retire early and live comfortably.”
Reflection
I wrote this short news brief in Feb. 2020. During my interview with President Micheal Kim and Vice President Nick Grosh, they taught me a lot about the stock market and actually convinced me to join their club. And in Dec. 2020 when I turned 18, I purchased my first stock! This experience taught me that as a journalist, interviewing people doesn't have to be strictly to report on a story. Through interviews, you can make connections and learn about new, and sometimes unexpected, things!