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New SUSA club, CASH, gaining popularity
By Erin Durkin
On February 24, 2011
The Community of Aspiring Shareholders (CASH), a new SUSA club started in
September, went beyond the scope of the business school and attracted students from a
variety of majors to their first meeting last Thursday.
What makes CASH appealing to non-business students?
"We have a practical use rather than a theoretical use," said Shivam Patel, CASH's
vice-president. "They may not have any experience or knowledge about investing, but we
are here to help them."
Martinas Dapkyavichus founded CASH because he felt there was a need to inform
students about how to handle and invest their money.
"I've been investing for a long time and a lot of my friends would come to me for
advice," he said. "There's a widespread need for a place where students can learn from
each other about money management."
In order to connect what the members are learning to the real world, the meetings
start with a presentation about what is occurring in the world and how it affects global
economics.
"You can't invest without knowing what is going on. You have to first do your
research and watch trends in order to know where to invest your money," said Andrew
Tang, the market director.
According to Dapkyavichus, the goal of CASH is to create a community of students
who can share and learn from each other while they begin to invest their money.
"We have two primary activities. We are going to be exploring the news and we are
going to be exploring businesses. We will be watching long term and short term trends and
when it is the best time to invest," he said.
However, unlike other SUSA clubs, they rarely bring professionals in to speak to the
club.
"Professionals invest under different rules and requirements," said Dapkyavichus.
"We want a more laid back atmosphere because most of our members are not interested in
becoming professionals in investment management."
Right now CASH is focused on getting their club more attention around campus to
gain a diversity of students and spread the knowledge about the benefits of investing.
"The biggest benefit is helping students manage their money and finances," said
Tang. "Students should learn how to get the most out of their money."
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