The Bluffton University Student Investment Club officially began on February 21, 1956. Dr. Howard Raid, then a professor of business, purchased seven shares in the newly formed Boom or Bust Investment Club. The club originally was structured similar to a mutual fund. Students purchased shares of ownership in the club. Club members met on a regular basis to decide how their funds would be invested.
In late 1994 club ownership was officially transferred to Bluffton University and the club renamed. Individuals who had purchased shares of ownership were contacted regarding the change in status. Individuals were given the choice of either redeeming their shares or contributing the shares to the university's endowment fund. Many former club members chose to donate their shares, and by March 31, 1995 the club's net worth was $49,900.
Today the portfolio has a value in excess of $175,000. Students still decide which stocks to purchase. Stock selection is based on investment potential and is limited to socially responsible companies. Each year approximately five percent of the fund is used for student activities such as the spring Chicago trip and the senior recognition banquet. Any student with an interest in learning about financial investments is welcome to become a member.
Dr. Raid, who retired professor emeritus, and Willis Sommer, Vice President of Fiscal Affairs, have both served as academic advisors. Currently Gary Schiefer, associate professor of business, and Peter Suter, assistant professor of business, share advising duties.
