Pace Investment Club offers virtual stock market on Web site

The Pace Investment Club offers features that help students learn about business investments and the stock market. The club has been going strong since last year and is always seeking new members.

Last year Jay Modi, Vishal Shah, Jules Desir and Nick Colonna started the club. Two of the founders, Modi and Shah graduated in May 2009 while the two remaining founders, Desir and Colonna remain current presidents of the club.

The Pace Investment Club’s marketing director Simranjit Mallhi stated, “The purpose of the Pace Investment Club is to have students interested in investments of the Pace community (regardless of their previous knowledge or investment experience) to actively participate in an organization that strengthens the understanding of how to invest for one’s future.”

The club also provides portfolios that allow easy interaction between each member, unique against other student organizations. Stocks, investment strategies and current events related to the market are often discussed at meetings. Also, debates are held.

Students from any of the University’s schools can join. The club provides students an introduction to investing. On their Web site (Paceinvestmentclub.com), a virtual stock exchange can be used to learn more about the stock market and how Wall Street works.     

Members of the organization can participate in the virtual stock exchange. It gives members the opportunity to compete against one another. The first and second place winners of the stock exchange simulator will receive gift cards; the game starts on October 21.

Last year, members of the Pace Investment Club contributed to the University’s community by visiting a local high school. They had set up an event to educate and inform graduating students on how to prepare for college. Budgeting, explaining loan terms and the meaning of it were among some of the topics discussed.

Members were also given the opportunity to have visits to the Giants Stadium and join collaboration and network events.  Networking opportunities are provided with companies such as J.P Morgan, Meryl Lynch and other financial companies.

For the 2008-2009 year, the Pace Investment Club was recognized and awarded the Rookie of the Year Award for the club’s innovation and ability to have members interact well with each other. The club also stays consistent with keeping students interested and having good attendance at every meeting.

“Students should join organizations and get involved because it gives you many opportunities to networking.  It looks great on your resume,” Mallhi said.