New club for women has financial focus
Kristin Rea
Issue date: 11/19/08 Section: News
The first meeting of the RMU Women's Investment Club will be held in January. There has already been one organizational meeting, and the next takes place today from 4 to 5 p.m. on the second floor of Massey Hall.
This club was brought to RMU by the Women's Investment Network, which was established by the Pittsburgh Women's Advisory Board. The board is comprised of many accomplished, corporate and entrepreneurial women who wanted to advocate financial literacy among young women. The board's sponsor, Jon Henderson is the man who is helping to organize the club here at RMU.
"Jon Henderson noticed that, in general, women did not have the same financial understanding as men," said Frank Flanegin, the department head of accounting and finance and the faculty member who is working with the Women's Investment Club.
The first Women's Investment Club was established at the University of Pittsburgh in 2006. It was an experimental club set up to see how many women students were interested in learning about investment and other financial practices.
"A group of roughly 24 young women participated and helped develop and refine a process for proposing, evaluating and purchasing stocks. By the end of the year, the students developed a habit of savings, learned financial terminology and became well-informed, prudent investors," the club flier boasts.
After the Women's Investment Network experienced such success at Pitt, Henderson decided to bring the network to the second school they were interested in, RMU.
"Jon Henderson wanted to reach out to someone from RMU. I am the head of accounting and finance. This is finance stuff," said Flanegin about how he became the go-to guy of the Women's Investment Club.
"We had to start a club," said Flanegin.
Dues are $20 per month or whatever amount the women of the club set. Henderson will match that for a year. The dues provide the investment money.
The club will break into groups of two to three people. They have to do an analysis of a company and present it to everybody. Then, as a whole, the club decides whether or not to invest in that company. Every meeting will contain at least one company analysis.
This is the start of a push toward greater financial education and literacy for all students at RMU. Members of the Women's Investment Club can look forward to the possibility of having a real-time investment environment to work with.
"We have grants from PNC, U.S. Steel, and an unnamed alumnus to build a trading center here on campus," said Flanegin about future financial plans.
The club is open to students of all majors, not just business students. Students interested in learning about finance and investment should attend today's organizational meeting.
This club was brought to RMU by the Women's Investment Network, which was established by the Pittsburgh Women's Advisory Board. The board is comprised of many accomplished, corporate and entrepreneurial women who wanted to advocate financial literacy among young women. The board's sponsor, Jon Henderson is the man who is helping to organize the club here at RMU.
"Jon Henderson noticed that, in general, women did not have the same financial understanding as men," said Frank Flanegin, the department head of accounting and finance and the faculty member who is working with the Women's Investment Club.
The first Women's Investment Club was established at the University of Pittsburgh in 2006. It was an experimental club set up to see how many women students were interested in learning about investment and other financial practices.
"A group of roughly 24 young women participated and helped develop and refine a process for proposing, evaluating and purchasing stocks. By the end of the year, the students developed a habit of savings, learned financial terminology and became well-informed, prudent investors," the club flier boasts.
After the Women's Investment Network experienced such success at Pitt, Henderson decided to bring the network to the second school they were interested in, RMU.
"Jon Henderson wanted to reach out to someone from RMU. I am the head of accounting and finance. This is finance stuff," said Flanegin about how he became the go-to guy of the Women's Investment Club.
"We had to start a club," said Flanegin.
Dues are $20 per month or whatever amount the women of the club set. Henderson will match that for a year. The dues provide the investment money.
The club will break into groups of two to three people. They have to do an analysis of a company and present it to everybody. Then, as a whole, the club decides whether or not to invest in that company. Every meeting will contain at least one company analysis.
This is the start of a push toward greater financial education and literacy for all students at RMU. Members of the Women's Investment Club can look forward to the possibility of having a real-time investment environment to work with.
"We have grants from PNC, U.S. Steel, and an unnamed alumnus to build a trading center here on campus," said Flanegin about future financial plans.
The club is open to students of all majors, not just business students. Students interested in learning about finance and investment should attend today's organizational meeting.
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