During the fall 2012 semester, a new investment club was formed on the Dale Mabry campus to promote financial literacy and the importance of building wealth over time, through investing. Dale Mabry Business faculty, Linda Tarrago, Beth Kerly, Eamonn Parsels, and Andy Gold serve as advisors to the club, which is part of the larger Business Leadership Club, formally known as SIFE. Vincent Osorio, a student at the Dale Mabry Campus, serves as the club student coordinator, and was responsible for recruiting nearly 40 students to join.
The club teaches students about investing, how to build wealth over the long-term, and promotes financial literacy. Club activities include having guest speakers visiting the campus, learning how to open an investment account, field trips to local financial related businesses, and participation in a simulated stock market challenge. Club advisors and guest speakers will lead instructional seminars about the various dimensions of investing, and provide the students with support in mapping out their financial plans. Club members are assigned to industry teams tasked with evaluating and analyzing publically traded firms, and making recommendations to the club about potential investments.
Plans include using capital generated by the club and potential benefactors to collectively manage an investment fund. Consequently, any profits from the fund will be used for academic scholarships for club members, and social capital to be used toward helping local organizations that promote financial and entrepreneurial initiatives. In addition, the club intends to engage in fund raising activities to raise money for a trip to New York City, where the students will visit with the New York Stock Exchange, Federal Reserve Bank, and meet with financial professionals.
Article written by: Andy Gold