Minutes 1/12/2017

Attendance: Bianca Yang, Dylan Azzam, Ruchi Pandya, Noelle David, Chloe Hsu, Jingjing Jiang, Akshay Srivastava, Jenia Mozgunov, King Jim, Brian Deng (10)

·      Show SIF “Value” Projects (10 Prompts)

·      Show Bylaws and send to every member (updated on 12/22/2016) – highlight edited parts

·      Dylan updated bylaws and amendments

·      PASSED.

·      Value Projects: similar to BEM 107

·      Show SIF “Quant” Projects (5 Prompts)

·      Introduce current portfolio in SigFig ($635,526) underperforming S&P 500 starting from June 2016 (liquidate a lot of cash)

o   Only appreciated +11.11% in value within 1 year

o   Beta: 0.4

o   Trading fees: $311; mutual fund fees: $0; ETF fees: $0; advisor fees: $0; other fees: $2

o   Dividends and yield: 2.5% annual yield

§  $2.8K, $1.8K, $0, $0, $1.5K from Q2 2016 to Q2 2017

o   34 trades

o   29.8% portfolio turnover

o   P/E: 19

o   P/B: 3.7

o   ROA: 12.8%

o   ROE: 29.7%

o   EV/EBITDA: 12.8

·      Dylan lectured about money multiplier and money supply

o   Assets and liabilities table: example Bank of America $10K deposit

o   Cycles for deposits and loans

·      Discussed Snapchat IPO Announcement, will happen in 2017

o   Discussed reasons a company would go IPO