A simple $6 investment involving a baseball card has paid big dividends for Andrew Townsend, a senior.
Andrew will represent Vianney as part of the Federal Reserve Bank of St. Louis’ Student Board of Directors. He is one of only 12 students area-wide to be selected for this honor. He is active at Vianney in a host of activities, most notably as the founder of the Vianney Investment Club.
Townsend took that investment in the baseball card when he was just 12 years old, and has parlayed success on that into his love for the world of high finance. He moved on to investments in GameStop, Nike and a new pharmaceutical company in which he has high hopes.
His skill and adeptness in the financial markets has paid off for other Vianney students. Townsend played a big role in starting the Vianney Investment Club. The group meets regularly throughout the school year to talk about how to invest, how to read investor reports and how to watch a stock’s performance over time.
“Andrew approached me about wanting to start a student investors club to help students better understand the markets and how to invest money properly when they reached that point,” said Brandon Lewis, Andrew’s teacher and the moderator of the investment club.
“Through this club, our members are learning to be financially literate,” Townsend said. “We will have a better understanding of our own money in the future, how investing and the economy works, and they perhaps will be motivated to start some type of investment.”
Townsend’s resume goes deeper than investment club. He is an Ambassador, a member of LINK Crew and he is an active student leader for his class and for Vianney. He was recently named to the Federal Reserve Bank of St. Louis’ 2016-2017 Student Board of Directors. Only 12 students are selected from St. Louis area high schools each year.
As a member of the Student Board for the Federal Reserve, he attends monthly board meeting where he will learn economics and personal finance. The student board engages with Bank leaders, works with the Human Resources Department to improve their resumes and job interviewing skills. Ultimately, Andrew and other students have the opportunity to apply for a paid internship in the summer of 2017.
Mary Suiter, the Assistant Vice President and Economic Officer for the Federal Reserve Bank in St. Louis reports that there will be 17 high school interns working at the bank next year. Five of those interns have returned as college interns, and one intern has accepted a full-time position at the Bank.