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Smif Philosophy

In: Business and Management

Submitted By Sportsplaya715
Words 324
Pages 2
Jacob Smith
Student Managed Investment Fund
September 29, 2014
Investment Philosophy As a student managed investment fund, it is extremely important for us to create an investment philosophy that is well structured, focused, and disciplined. This philosophy should aid us in the making of informed investment decisions, while teaching our members the fundamentals of investment analysis and portfolio management. Our investment fund class should aim to gain practical experience about what it means to be a money manager. Analyzing equities, the state of the economy and our personal views should be the main focus of discussion. Security should be based on these analyses, but must also operate within the parameters and regulations of the fund, set by the professor and our portfolio partners. For purposes of this class, I believe the optimal strategy for security selection is to lean more towards picking stocks for the long run than trying to beat the market because of transaction costs. We should not be trying to beat the market temporarily and must believe that even when a certain stock’s price drops, we should take its intrinsic value into consideration. This means that as a whole our class should believe in the economy’s ability to consistently increase over time and correct temporary fluctuations in the market. Even though the class should be opting for a buy and hold strategy for the most part, things do change from time to time. If a stock is underperforming or a company takes a turn for the worse, that stock should be sold off to acquire a stock that will yield a higher return in the long run. We are not a fund made up of seasoned professionals, therefore, none of the managers should plan to purchase a stock in hopes of selling it in the short term for a profit. This is too risky of a strategy for a class and fund such as ours so it should be

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