To support efforts to build the next generation of young investors, the state Treasury’s Division of Investment announced this week it is joining the Diversity Investment Management Engagement (DIME) New Jersey Investment Collaborative as an anchor participant.
DIME is a 501(c)(3) organization whose program provides a diverse group of high school students with the opportunity to compete for scholarships while learning about the core fundamentals of the U.S. capital market system.
The program pairs high school students with investment professionals with the goal to provide participants with the knowledge and tools to build long-term wealth.
“We are extremely excited to work with DIME as they actively engage in the education of future investors,” Shoaib Khan, director and chief investment officer at DOI said Monday. “The New Jersey Division of Investment aims to serve as a resource, committed to enhancing students’ understanding of the investment industry and equipping them with essential skills for success.”
As part of its participation, DOI will provide educational support to the students enrolled in the program, with a focus on enhancing their understanding of the investment industry.
“This is not your parent’s financial literacy program,” said Dion Woods, DIME co-founder. “Thanks to the support of the New Jersey Division of Investment and leading investment advisory firms, we have the unique opportunity to create new pathways for wealth creation to students in New Jersey.”
The DIME program offers a free immersion course that teaches high school students about financial decision-making and wealth creation. The course runs for seven weeks annually during a student’s junior and senior year.
New Jersey high school juniors and seniors who are interested in applying for the program should visit www.dime-program.org. The registration deadline is May 30, 2024.
DOI’s participation in the DIME investment program furthers Treasury’s goal of increasing access to financial literacy resources across New Jersey. Treasury’s free financial literacy platform, NJ FinLit, offers education and personal finance tools to all New Jerseyans.
