Belton, Texas –The University of Mary Hardin-Baylor McLane College of Business is pleased to announce the formation of the McLane College of Business Investment Club (MCOBIC). Made possible by a generous $200,000 donation from a UMHB alumnus, the investment club lets students experience the challenges of investing in the equities market.
The vision for the MCOBIC is to educate students in the stewardship of financial resources in two ways. First, members work to grow the Club’s assets through hands-on experience investing in the stock market. Then, they will work to gift the earnings on those new assets in support of the University’s mission. Every semester members of the Club will receive $20,000 to invest. Once the earnings on the investments reach a certain level, students will then vote on how a portion of the earnings will be used to support the mission of UMHB.
The McLane College of Business Investment Club was chartered and earned recognition as an official student organization in the fall of 2018. The Club’s investment account has been established, and the first $20,000 has already been transferred. Charter members of the Club met to review stocks and make initial investment decisions, and the first trades should be executed before Christmas.
The Club is a student-led, team-oriented experience that challenges its members to grow in their understanding of markets, industries, and companies. Each member is encouraged to ask hard questions about what makes businesses successful and how sustainable perceived competitive advantages are. Membership is open to any undergraduate students at UMHB.