COBA’s STAR program recently added Morningstar Direct software which will help the group continue to excel in the stock market. Morningstar Direct is a software on the PC that will enable students to use analytical tools to evaluate stocks more efficiently. Since 1999, the STAR program has flourished by making solid financial decisions involving stock investments.
STAR’s primary goal is to perform as well or better than the entire stock market. In June 2000, the program made its first investment of $110,000. Today, STAR has grown its investments to approximately $540,000 invested in 60 diverse stocks including consumer goods, banks, insurance, and technology companies. Ten student managers work for STAR alongside COBA professor Dr. Terry Pope. Dr. Pope stated, “This tool will greatly assist our students with evaluating and comparing STAR’s portfolio to other benchmarks.”
Morningstar Direct will also aid the STAR program by allowing students to have access to high quality equity analysis which will contribute to better research and higher quality reports. This will provide the STAR students with the ability to make more informed investment decisions. The Investment Committee of the ACU Board of Trustees has already given STAR additional money to invest twice. STAR will continue to pursue excellence in the financial world with the aid of the new Morningstar Direct.