|
Mad Money segment speaks with student |
|
|
|
Thursday, 08 November 2007 |
 | Nguyen
|
by EMILY MELTON
Intern News Reporter
An Appalachian State University student called-in to Jim Cramer’s Mad Money segment on CNBC at the end of October.
To his surprise, his call was answered.
“I’m a big fan of Jim Cramer,” Ngoc-Vu Nguyen said. “Some people might think he’s crazy, but I’ve always watched his show and I’ve always wanted to be on it.”
Nguyen
is a finance and banking major and a member of the Bowden Investment
Group at Appalachian. The investment group is managed by students
enrolled in the Investment Management I and II classes.
The students must research and create an investment analysis report for any fund that is considered for purchase or sale.
The class then votes on investment decisions, which are applied to a real-money investment portfolio.
“The class typically consists of students who are knowledgeable of the
stock market, have good analytical skills, are academically sound, and
have a huge interest in investment,” Nguyen said.
Nguyen calls his conversation with Cramer one of his “all-time greatest experiences.”
“You have to call-in and leave a voicemail. The next day, someone calls
you and tells you to call back at a certain time if you want to be on
the show,” Nguyen said.
Before he was featured on CNBC, Nguyen was told to emphasize that he is a college student.
“I wanted to make what I said interesting, and I knew I’d be representing North Carolina, Appalachian and the investment group.”
“I called back and waited for like an hour before I got on,” Nguyen said.
“I was…with Vu when he called,” said Tommy P. Adams. Adams is also a
finance and banking major and member of the Bowden Investment Group.
“I thought it was awesome that Jim Cramer actually answered,” Adams said.
Cramer first recognized Appalachian’s football team for its win against University of Michigan.
“When Jim Cramer spoke about our victory against Michigan, I was proud to be a student at Appalachian,” Adams said.
Nguyen then requested Cramer’s opinion of whether the Bowden Investment Group should invest in Johnson & Johnson (JNJ).
Cramer advised against the purchase of the stock.
According to Nguyen, Appalachian’s Bowden Investment Group has taught
him to work as a team while learning how to manage a stock portfolio.
“The current value of the groups fund is about $114,000,” said Dr. Delbert C. Goff, the advisor of the Bowden Investment Group.
Goff explains that the group has continuously outperformed the market.
“The value of the fund has increased on a cumulative basis since January of 2000,” said Goff.
Last Friday, the investment group returned from its annual trip to New York City.
While on the trip, the group participated in many business-related activities.
“We visited Merrill Lynch to talk to a security analyst and Bank of
America to speak to a sales and trading professional,” said Goff. “On
Friday, we were on the floor of the stock exchange.”
Adams said his involvement in the group has given him an understanding of how companies are valued.
“The group has given me an eye-opening experience of how to evaluate and invest in stocks,” Adams said.
Goff said the Bowden Investment Group will accept applications for the 2008-09 group in January.
“We’re looking for good students with a strong academic standing and interest in investment and financial analysis,” Goff said.
Trackback(0)
 |
TrackBack URI for this entry
Show/Hide comments
