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Top 3 Things I Learned at Runnymede This Summer

The following post was written by our summer intern, Avery. We enjoyed having such a sharp, energetic, and well-adjusted young man help us with various projects and share his fresh perspectives. We wish him lots of success in his senior year of high school and all future endeavors.

My name is Avery Bicks. I am seventeen years old, and I attend the Collegiate School on the Upper West Side of Manhattan. After taking an introductory course in Macroeconomics during the fall of my junior year, I immediately became interested in learning more about the economy and different investment strategies. My desire and need for more knowledge became more pronounced when my friends and I signed up for the stockmarketgame.org, where we saw our portfolio, well, crash and burn. Despite my shortcomings in the stock market game, I wanted an opportunity to learn from the best in order to sample the real business world and learn more about investing. Fortunately, this summer I was able to intern at Runnymede Capital Management where Sam, Andy, and Chris taught me more about portfolio mangement and the economy than I could learn in a whole year of school. Here are three major points that I took away from my time at Runnymede this summer.

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What is Your Strategy in Volatile Markets?

World stock markets have been increasingly volatile this summer. Returns for market indices have turned negative and the S&P 500 suffered its first 10% correction since 2012. Because of this, I have received several message in my inbox that ponder what do in this environment. A couple of the titles were “”What you should do in volatile and uncertain markets”” and “”When market conditions become volatile, how will you react?”” The two main strategies that they suggest are 1) stay the course and 2) a diversified portfolio is the best way to be positioned. While this seems sensible in a bull market cycle, these two strategies do not work in a bear market cycle. Therefore, the most important question is not what to do in a volatile market, but is this a bear market?

https://www.youtube.com/watch?v=DH6V2yp4ty0

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