CED and Concerned Black Men of Philadelphia Launch the Youth Investment Financial IQ Club

Date: 
November 12, 2014

The Urban Affairs Coalition's Community and Economic Development Department (CED) is heading in exciting new directions this fall, working to raise the financial IQ of Philadelphians, young and old alike. CED recently partnered with Concerned Black Men of Philadelphia (CBM) to create the Youth Investment Financial IQ Club. This club works with young men in 6th-9th grades, teaching them the importance of proper money management and basic principles involved with saving and determining needs versus wants and calculating interest based on hypothetical situations.

Here is a recap of session one's activities and what's expected in the coming weeks:

Monday, November 3, 2014

During their first peer session, the young men discussed what they learned during the educational sessions and determined methods to accomplish their group and individual goals by researching stocks on Yahoo! Finance.

Monday, November 10, 2014

During the second session, the young men began virtually trading the stocks they previously researched on Yahoo! Finance and followed its performance.

The Youth Investment Financial Club is managed by consultant Shante Antrom and instructed by Sheryl Dorsey, C.P.A. and author of Money Management for Teens.


About Concerned Black Men

Concerned Black Men (CBM) works to provide African-American youth in West Oak Lane and the surrouding communities with programs and activities that motivate, educate and build their self-esteem. The organization provides:

  • Saturday Morning Mentoring
  • College tours
  • School visitations
  • Chess
  • Adopt-a-school
  • SAT Preparation

For more information about Concerned Black Men, visit their website or contact Mr. Ali Abdulla or Michael George at (215) 276-2260. For more information about Financial IQ peer groups (also known as FAN club), visit our website.

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Sheryl Dorsey, M.A., C.P.A. is an experienced Certified Public Accountant with over twenty years of experience. She is the author of Money Management for Teens and the owner of Ridley-Dorsey CPAs and Black Street Investment Club. Ms. Dorsey had contributed to the Urban Affairs Coalition Speaker’s Bureau for about five years and is currently facilitating the instructional portion of the Concerned Black Men FAN Club.