FAQs Page
What does BFIG stand for?
What does BFIG do?
Who can become a member?
How can I become a member?
How much does it cost to become a member?
Do I need to invest to be a member?
When is your next meeting?
Who are the executive members, and what other positions are there?
When are the executive elections held?
How do the Shares work?
How do you purchase shares, and how much do they cost?
What does BFIG stand for?
Brock Finance and Investment Group.
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What does BFIG do?
The group was created for the mutual acquirement of knowledge and experience about the stock market. It is the hope that all members will leave the club upon graduation with a better understanding of the financial world. We attempt to achieve this aim through three key initiatives:
- Operating a quasi-mutual fund, directed by members of the club, to allow for direct profiting from the stock market and to gain experience through direct activities.
- Holding seminars on relevant topics including financial careers, current trends, long term factors, etc. Many speakers are brought in to discuss these and many more issues with members in an informal setting.
- Holding club meetings and operating the discussion board to foster an atmosphere of camaraderie between members, in the hopes of keeping ties after graduation.
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Who can become a member?
Any student attending Brock University can be a member. There is no requirement regarding majors or concentrations, any student with an interest in the stock market, or learning about it is welcome.
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How can I become a member?
The best way to become a member is to come to our weekly meetings. Keep your eyes open for posters around campus. They will provide information on our weekly meeting times, events and activities.
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How much does it cost to become a member?
There is a $15 mandatory fee to join the club. This covers supplies for the executive operating the group, payment for the website, purchasing gifts for speakers, holding contests for club members, etc. This fee is for the entire year, and must be paid by all new members.
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Do I need to invest to be a member?
No, you do not need to purchase any shares to become a member. You can be a member, and attend all meetings without owning any shares. Only members can vote on issues regarding buying or selling shares though, so most members purchase at least 1 share so they can register a vote on all issues.
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When is your next meeting?
BFIG meetings will resume in September.
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Who are the executive members, and what other positions are there?
President: |
This person is responsible for the management of BFIG and ensuring all executive members are sustaining and progressing their roles. |
Vice President: |
This person assists the president with any organizational and management duties. |
Chairman: |
This person is responsible logistical aspects of the club. Ensuring smooth and efficietn communcations between all executive members, club members, faculty of Brock, and anyone else involved in BFIG's network. |
Chief Technology Officer: |
This person is responsible for looking after the website and email system of the organization, and communicating with our executives to make sure technological needs are met. |
Chief Porfolio Analystr: |
This person is responsible for explaining to BFIG members exactly what is going on with the stocks in our portfolio and also provide insight into the global economy. This position also entails a strong sense of techinical analysis, to be able to point to points where BFIG should be consider taking action. |
Chief Investment Officer: |
This position includes developing investment strategies and advising on investment decisions. The CIO and the CPA will work closely together to provide in-depth research into the market sectors and all equities considered for our portfolio. |
Chief Sector Analyst: |
This person works in close contact with the sector analysts to assist and aide in devloping monthly and/or weekly reports for each sector. This requires knowledge of the many sectors and markets in order to faciloiate smooth lines of communication. |
Chief Marketing Officer: |
This person is responsible for all marketing aspects of BFIG. Any poster design, advertising and/or web configuration, go through the CMO. The CMO's responsibilities also include integrating all levels of communication in order to showcase BFIG's consistent and progressive direction. |
Sector Analyst: |
These people are responsible for providing regular updates on sectors within the market. As there are many different sectors, there can be more than a few sector analysts. Sector Analysts work closely with both the Chief Sector Anlayst and the CIO. Becoming a sector analyst is a great way to educate both yourself and other members of developments in the marketplace. It is also a great stepping stone to becoming a member of the executive team. Sector analysts must demonstrate initiaitve, motivation, a desire to learn, and the ability work as part of an exciting team ! |
The current executive members can be seen in the executive section .
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When are the executive elections held?
The elections are held at the second last meeting of the Winter semester, usually at the end of March, or the beginning or April.
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How do the Shares work?
The shares are a collection of capital from members. The group takes that capital, and invests in various stocks throughout the year. Like a mutual fund, the price per share increases or decreases depending on the performance of the shares which are owned by the group. Shares can be bought at any point during the year, and are only redeemable at specific points during the year (beginning and end of each semester.) Shares can be immediatly redeemed in an emergency situation, or for any other reason, but a 15% fee may be imposed on the redeemed amount.
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How do you purchase shares, and how much do they cost?
The current value of one share can be seen at the Current Portfolio section. Shares can be purchased by cash or cheque (made out to the Brock Finance and Investment Group), at any meeting of the club. Receipts will be give for all transactions of shares..