Finance lab helps educate students about investments

Posted by Centre News in News 01 Nov 2017

finance labIn October, Centre College’s Campus Center gained a multi-purpose technological space called the Student Finance Lab, powered by PNC Bank, located in the Campus Center.

The finance lab is made possible by the College’s $30,000 sponsorship with PNC Bank.

“PNC is thrilled to be a part of the student finance lab,” said John Gohmann, PNC regional president of Lexington. “Centre is an outstanding institution and a very important client.”

The student-led Paul W. Chellgren Investment Society holds regular meetings in the Finance Lab to educate students about investments.

Kendrick Durham, assistant dean and director of campus activities said the finance lab is a great resource, and while the space is still a conference room, to should be used by students for meetings and research.

“The purpose of the Finance Lab is to provide technological space that is adaptable for many student and group needs,” said Mark Dill ’18, president of the Investment Society. “Its advanced technology provides an engaging atmosphere to enhance students’ capabilities.”

According to Assistant Professor of Economics Shunan Zhao, the students in the society are actively organizing events to teach students on campus investment knowledge.

“We meet every or every other week to learn and talk about possible securities to invest,” Zhao said. “The current portfolio includes different types of assets such as stocks, bonds and alternatives, as well as mutual funds. The society shows a good record that the total wealth increased more than 30 percent during the past few years.”

Dill said in 2013, when the society started, it was given $100,000 to invest at their discretion, which is part of the Centre endowment. The portfolio is currently valued at over $137,000.

“My goal for the Finance Lab is for it to be a space that students can meet and analyze investments in a Wall Street atmosphere with advanced research capabilities,” he said. “I hope that students of all majors will use this space to have meetings and utilize the full capability of the technology to benefit their discussions or analysis.”

“The Investment Society encourages all students to use and benefit from the advanced technology in the room. The dual-monitor computer and wireless screen sharing capabilities are valuable resources,” he concluded.

by Kerry Steinhofer
November 1, 2017