Category: APMP

APMP Finishes 3rd and 4th at RISE Competition

The Applied Portfolio Management Program (APMP) Gold and Black teams took 3rd in the value category and 4th in the balanced investment category at the 11th Redefining Investment Strategy Education (RISE) forum early April. The two teams traveled down to Dayton University in Ohio for the educational workshop and announcement of winners in the year-long portfolio competition.

This year RISE drew over 1,500 students, faculty and professionals from around the world to gather for insights on economic trends, market opportunities and developments in the investment world during the three-day forum.

Michigan Tech sent 11 APMP students to Ohio. Students representing Michigan Tech this year included Jacob Carlson,  Zhouli Yuan, Gengyang Pan, Jacob Vehring, Mengjiao Zhou, Wei He, Yihong Yao, Simin Chen, Annette Felton, Nathan Johnson,  and Jessica Pakonen.

From the RISE website: In the 10-year history of R.I.S.E., the forum has attracted nearly 13,000 total participants from the financial industry and colleges and universities from around the globe. Known as the largest student investment conference in the world, each year R.I.S.E. extends an invitation to business professionals to share in the first day of this two and one-half day event.  And for good reason.  The keynote panelists and speakers, who are the best and the brightest from Wall Street, corporate America, the financial media, and the international community, hold equal appeal for students, professors and practitioners alike.

About APMP

The Applied Portfolio Management Program, a course within Michigan Tech’s School of Business and Economics, manages over $1.2 million in the equity and fixed income markets. The fund is supported by donations from alumni and friends, and investment revenues support student travel and scholarships. Established in 1998, APMP has placed first at the Redefining Investment Strategy Education (RISE) forum three times since the competition began.

APMP Speaks on International Investment

Jake Calrson, interviewed on TV6 Monday, March 28, 2011.Republished from TV6 News.

HOUGHTON — Buy?  Sell?  Do nothing at all?

The stock market, at times, can seem like a bit of gamble, especially when events around the world rattle markets.  It’s certainly been an interesting few months for students participating in Michigan Tech’s Applied Portfolio Management Program (APMP).

Each year the group oversees the investment of a $1.3 million university endowment fund.  And this year they’ve seen a lot of activity in the market.

“We are down since March 11th when the earthquake happened, but we expect that to come back quickly,” says senior Jacob Carlson.  “Right now is actually one of the best opportunities to earn money.  There’s a lot of potential.”

The students say they’ve hedged their risk by holding a diversified portfolio.  They’ve got about 35 securities and are always considering new investments.  In fact, they’ve been eyeing a few Japanese companies for several months and say the disaster’s financial impact isn’t all bad.

“Japan has kind of become a pretty big opportunity for investors that are looking for something that’s slow right now and will increase in the future,” Carlson says.

Edward Jones financial adviser Bob Nelson agrees that global thinking is a great way to survive inevitable sell-offs.  He encourages his clients to stay calm, pointing out that uncertainty is sometimes worse than actual bad news.

“Be careful of what the crowds do because they’re typically wrong,” says Nelson.  “The answer is don’t guess on any one play, be diversified.”

Nelson also cautions people to pay attention to the decline of the U.S. dollar.

He says his firm recommends people invest 30 percent of their portfolio in non-U.S. holdings.

Other tips include:  talk to a friend or adviser who can be objective about your money, and consider all aspects of a company (long-term performance, dividends, etc.) before deciding to buy or sell.

Impact Magazine: Spring 2011

The spring 2011 issue of Impact is here! Impact is the School of Business and Economics semi-annual publication that illustrates how our students, alumni, faculty, and staff are changing our School, University, and the world.

In This Issue

The spring 2011 publication features the growth of the Applied Portfolio Management Program over the last 13 years, research on gender inequalities in academia, three alums who are leaving their mark on their companies and Michigan Tech, and much, much more. Read Impact now!

Please take a look and let us know what you think by filling out our contact form or emailing

Michigan Tech Students Receive $50,000 to Begin Trading Stock Options

APMP pictured with Joe Dancy, long-time supporter and board member

Students in the Applied Portfolio Management Program are no strangers to managing a portfolio of stocks and bonds in the stock market.  Now with $50,000 in funds from long-time APMP supporter, Joe Dancy, the students will add another type of asset to their portfolio: options.

Options involve the opportunity to buy or sell different stocks at a predetermined price and time. Not all companies has listed options and traditionally it has been the larger firms. But as Dancy discovered, over the last few years the exchanges are listing options on smaller companies, which makes the process more interesting and potentially lucrative.

Now with Dancy’s generous contribution ear-marked for options trading, APMP students will develop and implement trading strategies around stock options.

“The goal is mainly educational. If we make money, that’s great, if we don’t hopefully Professor Johnson can give the students the theoretical background on why a certain strategy didn’t work. At the end, I’d like to see students confident in managing money and namely their own retirement funds. That will mean I’ve helped to accomplish something. ” Joe Dancy.

Trading options can be risky. To reduce that risk, Director of APMP and Associate Professor of Finance, Dean Johnson, and Dancy will have ultimate authority on stock option portfolio management.  The students will be doing the groundwork and researching the potential payouts from companies in different sectors. Much interest lies in companies that specialize in the field of energy.

“Being able to experience and manage an options portfolio while still in college is a great resume builder and more importantly will give the students more confidence in their investment strategy development,” added Dean Johnson. “Trading stock options is a great example of how we are bringing the best opportunities to Michigan Tech students.”

Finance Scholarship Recipients Announced

Theresa Laubrick and Danielle Linna
Scholarship recipients Theresa Laubrick and Danielle Linna

LSGI Advisors Inc., a Dallas based investment advisor and 10-year sponsor of the Applied Portfolio Management Program, has announced the recipients of the LSGI Mentoring Scholarship for the 2010-2011 academic year. This year, Danielle Linna and Theresa Laubrick were selected as scholarship recipients. The scholarship is awarded to students who display excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.

With these scholarships, Linna and Laubrick will provide mentoring and tutoring support for students in advanced finance classes. “Student-to-student learning creates a positive environment and experience for both the mentor and mentored,” said Dean Johnson, Director of the Applied Portfolio Management Program. “We are very grateful to LSGI for providing continued support to Michigan Tech students and our programs.”

Theresa Laubrick added, “I am honored to be recognized for sharing my knowledge and experience with students and assisting them in enhancing their learning.”

LSGI Advisors Inc. is a Texas corporation that acts as general partner for the LSGI Technology Venture Fund L.P., a private mutual fund for SEC accredited investors. LSGI serves as an advisor to the Michigan Tech Applied Portfolio Management Program, overseeing finance students responsible for managing $1 million of the University’s endowment. They also instruct oil & gas and environmental law programs at Southern Methodist University School of Law in Dallas, Texas.

Learn more about the Applied Portfolio Management Program.

Learn more about LSGI Advisors Inc.