The Dow Jones Industrial Average, S&P 500, and NASDAQ have all recently reached record heights - quite an impressive turnaround from the lows of the financial crisis in 2009. However, many investors have been on the sideline due to a fear and misunderstanding of stocks. Furthermore, African and Hispanic Americans have been the two groups least likely to be invested in the stock market. However, we at D.R.E.A.M. have been working tirelessly to create a new reality for underrepresented youth from urban neighborhoods.
On June 13th, 2015, D.R.E.A.M. celebrated the conclusion of another year of the Invest-in-Success program. The scholars of the Invest-in-Success Class of 2016 competed in the 2nd Invest-in-Success Stock Pitch Competition. Our stock pitch competition is the only of its kind in the country specifically designed for urban youth from underrepresented backgrounds.
The competition is comprised of teams of scholars from the Invest-in-Success program pitching their best investment ideas to a panel of judges. Members of the winning team receive a grand prize from D.R.E.A.M.
Prior to the stock pitches, the scholars had the opportunity to hear an inspiring keynote speech from D.R.E.A.M. advisory board member, Mr. Omar Dione, MBA. Omar, an alum of the Wharton School at the University of Pennsylvania shared his inspiring story starting from his humble beginnings in Harlem to a successful career in finance and business. He also discussed the importance of sacrifice, determination, and surrounding yourself with the right network as you pursue your goals.
We would like to extend a huge congratulatory shout out to the members of the winning team: Ryan Cully, Luke Phillips and Harry Vuorinen from All Hallows High School (Bronx, NY). Their winning stock pitch was for General Mills (ticker: GIS). We also want to recognize all of the scholars that participated in this year’s competition. The judges and D.R.E.A.M. staff were really impressed with the in depth analysis the students conducted for their presentations.
We would like to extend a big thank you to our guest judges for volunteering their time:
- Mr. Stephano Dubuc
- Ms. Tadia James
- Mr. Eddie Jean-Louis (CFO)
- Ms. Elisse Douglas
- Mr. Max Aggrey
- Mr. Ernst Ducena
Stay tuned for more updates later this summer.
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