For a group of teens in Memphis, summer isn’t just a time to kick back and relax – it’s a time to get serious about financial literacy.
Sixteen teens are participating in a three-week boot camp, held at the University of Memphis, to learn about the stock market and how to manage their finances in the future.
The Shelby County Trustee’s Office, Bank on Memphis, SouthernSun Asset Management and Channing Capital are sponsoring the camp, reports WREG News Channel 3.
Young WallStreet Traders, an Atlanta-based nonprofit, is leading the camp. The focus is on minorities who are underrepresented in the financial industry, founder and CEO Erika Blair told WREG.
Students in the Memphis program had to apply and be interviewed to be accepted.
“To me, it’s a once in a lifetime opportunity,” said 15-year-old Imsety Ayetoro, who got hooked on stocks after coming across them on the internet a few months ago.
It’s the second year for the boot camp to be held in Memphis and the first time all enrollment fees are covered by scholarships. After leaving Memphis, camp organizers will move on to help teens in the New York and New Jersey area.