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SFP Students Learn About Finance from Jim Gannon, Class of 1983

Tuesday, August 4, 2015   (0 Comments)
Posted by: Michael Graziano
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Prep students enrolled in the "Common Cents" program took a trip to the NYSE on Friday, July 31st with program founder and instructor, Jim Gannon, SFP Class of 1983 in order to get a glimpse of activity on the trading floor and to better understand the securities industry. Along the way they met a few Prep graduates and gained invaluable insight into the industry.

Offered as part of Prep's Summer Academy, the "Common Cents" program is a financial literacy workshop, designed for a pre-college teenager that focuses on teaching its participants personal finance, investment knowledge and critical-thinking skills. The mission of the program is to simplify the complexities of the financial industry by breaking down seemingly complicated concepts into easy to understand ideas. The students are exposed to numerous topics, including but not limited to: personal finance, economic principles, stocks , bonds, derivatives, commodities, mutual funds, hedge funds, private equity, venture capital, fundamental analysis, technical analysis, and asset management skills. This knowledge base provides an individual with the necessary tools to make better decisions regarding their own personal financial future.

Jim has worked in the financial industry for over 25 years. He began his career in 1987 working on the floor of the New York Stock Exchange and then spent 15 years at the Swiss investment bank, UBS, acting as an Executive Director of Domestic and International Equity Trading. Additionally, Jim actively managed a $50 million trading account for the European institution, Dresdner Bank. His senior-level positions within the financial industry enabled him to obtain various financial expertise, licenses and certifications, all helping to build an extensive understanding of the economics, products and services provided by the financial industry. Jim founded the Common Cents Program because it is his desire to embark on a new path; working to improve financial literacy among teenagers. The competitive nature of today’s business environment has created a greater need for the understanding of how finance works and the earlier a student develops their financial knowledge, the greater advantage they will have over their competition.

The Common Cents Program positively affects the way its participants think about finance and teaches lessons that will alter their life-long personal financial decisions, regardless of their career choices. The workshop fosters an environment encouraging hands-on learning and the utilization of critical-thinking skills, asking students to analyze information and predict outcomes.

To learn more about the program visit the Common Cents website at: httpa//…/:…//