STATESBORO —A GS group called profit yields through hustle (P.Y.T.H) has made a 20% profit financing and trading on the stock market in the last year.
“We didn't want to limit ourselves to just what the school could provide us,” Paul Medard, senior finance major said. “We want to expand and grow because we have a community that can communicate our ideas on how we can elevate this organization.”
P.Y.T.H. began trading with $200, utilizing the Robinhood app, a free smartphone app that allows individuals to invest in publicly traded companies with having to pay a broker commission.
The group has seen a 20% profit since the organization started and their goal is to have over $1,000 in their account by the end of Spring.
Coe Macgruder, senior finance major, said that all the group required from members was new trading experience, and that all P.Y.T.H. wants is for their account to stay above 0.
“People with new trading experience is all we can ask, and to not have our account zeroed out from bad decisions,” Magruder said. “ We have actually stayed with the market and beat it a little bit.”
The group is welcoming all individuals who want to be a collaborator and have different ideas but they also have the option to use their own money to publicly trade.
“You can learn so much about so many different industries that your knowledge base is almost infinite.” Magruder said.
The group also plans to do community service and visit retirement homes to help families around the area in the future. The group is also looking into doing open houses once a month to get new members in the door and see if the activities is a good fit for prospective members.
“We want a monthly social so everybody can invite who they want so we can get to know each other and build that idea of community,” Paul said.
New members were present at Monday’s meeting, so they got a chance to say how they felt about the organization and what it can do for them in the future.
“I feel like being young with the right attitude, it’s great to jump into something like this,” John Eubanks, senior supply chain management major said.
P.Y.T.H. meets every Monday on 133 Herschel Drive at 8:30 p.m.
Davon Johnson, The George-Anne News Reporter, firstname.lastname@example.org