IAP Activity of the WeekBy Katie Allen
This is the second in a series of articles profiling interesting or unique IAP activities.
The MIT Investment Challenge, held by the Sloan School of Management, is a series of investing lessons given by experts including Alfred Berkeley, president of the Nasdaq Stock Market, Thom Calandra, editor in chief of CBS Market Watch, Steve Saulnier, online investing expert and seminar instructor from Charles Schwab, and many others. These lessons culminate in a three-month investment competition, sponsored by investment giants such as Merrill Lynch, Janus, Vanguard, Morgan Stanley Dean Witter, and JP Morgan. The event participants create a mock portfolio to compete for a $1,000 cash prize.
This is the first event of its kind at MIT, and the idea of investment lessons preceding a competition is also novel. According to organizer Sam Jahanmir ’01, “Our goal in creating the MIT Investment Challenge is to provide students of all majors with an exciting introduction to investing and personal finance. We feel that the time has come for an event such as this. With the increasing popularity of online investing, the financial markets are more accessible than ever before. And now, there is an entire population of new investors eager to learn more, and an even greater number wanting to explore investment and finance for the first time.” Over 350 students have pre-registered for the program.
The event begins Monday, January 17, in 10-250, and the lectures continue through Friday, January 28. For a complete schedule and to register, check <http://web.mit.edu/investors/www>.