Jody Jones mentoring the STAR Fund Managers
Do you know about everything that goes on in COBA? We have so many awesome student programs, that chances are, you may have missed a few! STAR (Student Trading and Research) is a program where students learn to research an investment portfolio and trade assets based off their information. STAR began as an idea in 1999 and with an initial gift by a generous donor of $110,000 in June of 2000, ended its first full year of operation in 2001. Today, STAR manages a portion of ACU’s endowment and reports to the ACIMCO Board annually. STAR began as a student organization guided by Dr. Terry Pope and Dr. Jonathan Stewart. Now, students can earn course credit while they earn valuable real-world experience.
That kind of learning is something that Assistant Professor of Finance Dr. Jody Jones, who began teaching at ACU this past fall, is passionate about. Jones took over the STAR course after Dr. Pope retired last spring. Jones feels that one of the greatest learning opportunities that STAR affords is autonomy to the students in learning to make financial decisions. “All decisions are made by students. Although a faculty member helps guide decisions, the buying and selling of assets is dictated by student managers.”
Since inception, STAR has achieved an average return of nearly 50 basis points above its benchmark: S&P 500
Total Return Index. That’s reason enough to celebrate for any advising firm but this week STAR hit a huge milestone – the portfolio currently holds an outstanding $1.5 million.
Why is that such an important milestone? Dr. Jones explained, “The rising value of STAR allows students to better diversify and have more freedom in investment decisions. With the primary goal of the course being educational, students can buy and sell many assets and gain a broad perspective on the market. Also, this year will make it the first year that STAR has made distributions. The fund will return 4.5% of its value to the endowment to support scholarships, campus initiatives, and operations of the university.”
While STAR mainly consists of finance majors, anyone who is interested can join and is encouraged to do so. If needed, students can even apply to receive course credit for being a fund manager.
Dr. Jody Jones loves his profession for more than the numbers. He is passionate about integrating faith into his work and teaching. “While many of the student managers intend to work in the investment and financial services fields after graduation, financial management is important for all organizations and households. Stewardship is also a spiritual discipline.”
As we come to the end of our “Why I Teach” series, we (the student workers, Katie Norris and Maddy Crockett) wanted to take a moment to appreciate the professors.
Each and every one of the professors works endlessly and dedicates their time to us and for us. We have compiled a few comments from students around COBA to give snippets of appreciation for their professors. Many professors are not mentioned-but nevertheless, they are just as appreciated.
Dr. David Perkins
“Dr. Perkins was my first accounting professor in COBA. The thought of taking an accounting class was terrifying to me, but thank the Lord for Dr. Perkins. His heart is so gentle and kind and he cares SO much. He truly wants the best for his students and that is so evident in the way he builds relationships with them.” – Presley Davis, junior management major
“I appreciate Dr. Perkins’ attention to detail when it comes to teaching and making sure the class understands what is being taught.” – Sam Onstead, freshman financial management major
Dr. Dennis Marquardt
“He has given me great advice on pursuing my career and I always loved his class. He is always motivated and excited and he is also very personal with everyone in class.” – Joseph Crockett, sophomore management major
“He always sees the best in everyone and is a great listener!” – Bryce Adams, junior financial management major
Dr. Ryan Jessup
“Dr. Jessup cares deeply about good education and teaching students to think critically. He has challenged me personally to think more intentionally about my education, career, and faith. Furthermore, he has taught me about the importance of making good decisions in business and in life. His classes are rigorous and challenging, but very rewarding. I appreciate Dr. Jessup’s desire to help students truly learn.” – Luke Stevens, senior marketing major
“I appreciate Dr. Jessup because he really cares about his students and he does a great job of keeping us engaged throughout the semester. He is willing to help his students when we ask. Dr. Jessup is a great example of a professor who teaches us about marketing as well as challenges us in our faith.” – Sloan Polvado, senior marketing major
Dr. Andy Little
“It is clearly evident that Andy cares about his students by the way he shows up and shares his knowledge with us. His class made me love learning about law! I appreciate him!” – Emily Goulet, junior accounting major
Dr. Don Pope
“I appreciate how Dr Pope creates intrigue behind business stats and engages his class in exercises to better understand the advertising and business world we live in through stats.” – Ben Fridge, sophomore financial management major
Dr. Katie Wick and Dr. Monty Lynn
“Shoutout to Dr. Wick and Dr. Lynn for making my mornings really awesome!” – Jose Rodriquez, Freshman
COBA is pleased to welcome Dr. Jody Jones as our new Assistant Professor of Finance as he replaces the retired Dr. Terry Pope. Dr. Jones comes to ACU from Oklahoma Christian University. We interviewed Dr. Jones and found out what drives his love of teaching, what he likes to do in spare time, and why he came home to Texas.
A self-proclaimed “Army Brat”, Jody was born in Fort Knox, Kentucky but calls Lubbock his hometown. Jones did most of his undergraduate work at Texas Tech before earning his B.S.B.A. from Oklahoma Wesleyan University, his M.B.A. from Oklahoma City University, and his Ed.D. from Oklahoma State University.
Jody has been married to Lisa Morgan Jones for 26 years and they have two daughters, Tristen (Edmiston) and Belle, and a son, Beaux. Son-in-law Austin Edmiston and granddaughter Annie complete their family (for now), along with their two dogs and three horses.
Jones will be helping students manage the STAR Fund as well as teaching Financial Theory and Practice. Jody brings not only educational experience to the classroom, but experience in the field as well. He previously held positions at Oklahoma Christian University as Professor of Finance (2006-2019), AGS Director of Enrollment Services for Oklahoma Wesleyan University (2006-2006), Comptroller for TPI Billing Solutions in Tulsa, Oklahoma (2004-2006), and Assistant Vice-President for Bank One, Oklahoma (1998-2004). Jones also served as an adjunct faculty member from 2002-2006 and was a part-time college minister from 2007-2009.
With such a diverse work background, we asked Jody what drew him to education. He said, “I was asked by a former faculty member to teach an economics class one summer—and quickly refused. She talked me into it, and here I am 16 years later. After years in banking, corporate finance, and accounting, moving to education allowed me to share my experiences with young people seeking the same career paths. It also affords me more time with my family.”
Jones and his family have spent much of their lives in Oklahoma but it is his love for education and his Texas roots that drew him to ACU. “I’m a West Texas guy. I get to do what I love in the place I love. It’s closer to friends and family.”
Jody says that one of the things he loves most about teaching is the growth that students have during their time in college. “Watching young women and men grow in God’s Kingdom by nurturing the gifts He gave them amazes me. There is nothing more rewarding than seeing a former student go on to do great things, not only professionally, but especially personally and spiritually.”
When Jones isn’t teaching, you’ll most likely find him spending time with his family, hunting, fishing, scuba diving or traveling. When asked if there’s anything that students might be surprised to find out about him he said, “At one time—way back in the late 80’s and early 90’s— I had long hair.”
As he begins his time at ACU, Jones hopes that he is able to help students apply their knowledge and talents in what will eventually become their careers. “My prayer is that I do so in a way that gives glory to God and furthers His Kingdom.”
We’re excited to begin this new academic year with Dr. Jody Jones and we look forward to seeing the tremendous impact that he will have on our students and our campus.