Alpha Kappa Alpha Sorority, Theta Theta Omega Chapter AKA'nomics information sheets

AKA'nomics
Recommended resources for November:
Books
Broussard, Cheryl D. The Black Woman’s Guide To Financial Independence: Smart
Ways to Take Charge of Your Money, Build Wealth, and Achieve Financial Security.
New York: Penguin Books, 1996.
Godfrey, Neale S. Neale S. Godfrey’s Ultimate Kids’ Money Book. New York: Simon
and Schuster Books for Young Readers, 1996.
Lynch, Peter and Rothchild, John. Learn to Earn: A Beginner’s Guide to the Basics
of investing and Business. New York: Fireside, 1995.
Stanley, Thomas J. and Danko, William D
Secrets of America’s Wealthy. Georgia:
Magazines
Black Enterprise
Individual Investor
Worth
Websites for Investors
Individual Investor (www.iionline.com)
Investor Guide (www.investorguide.com)
Investor Home (www.investorhome.com)
The Millionaire Next Poor: The Surprising
Longstreet Press, Inc., 1996.
Newspapers
Investors Business Daily
Wall Street Journal
AKA’nomics
Alpha Kappa Alpha Sorority
Theta Theta Omega Chapter
Issue #1 September 12, 1998
AKA’nomics will be a new feature in TEA ROSE TALK for the next few months. The goal of AKA’nomics is to share resources that will empower sorors economically and will enhance their existing skills as money managers and wealth builders. The program is designed to encourage sorors to:
1.
Assess their money management attitude and current financial plan.
2.
Know that being an informed consumer and wealth builder will bring greater returns.
3.
Acquire and invest in appreciating assets.
The theme of Assessment, Knowledge, and Acquisition of appreciating assets will be prominent in featured articles and proposed lectures. In addition, a gift basket will be raffled at each sorority meeting and will include a variety of wealth building tools designed to promote interest in the AKA’nomics project.
Sorors, you will be asked to complete a short survey at the sorority meeting that will provide direction for the remaining activities and features in the financial planning/wealth building series. The survey will also request your participation as a guest lecturer or your recommendations for speakers with expertise in a particular area. Once the results of the survey are tabulated, a calendar of topics and speakers will be established. Your input is crucial to the success of this program.
Please return your completed survey to Soror Billie Rayford. Thank you.
Ready, Set, SAVE
September’s features will include tools to help assess your money management attitude and establish your net worth. These items will be distributed at the sorority meeting.
“Education is our passport to the future, for tomorrow belongs to people who prepare for it today” Malcolm X
AKA’nomics
Recommended Resources for September:
Books
Boston, Kelvin. Smart Money Moves For African-Americans. New York: Berkeley Publishing, 1996.
Dunnan, Nancy. How To Invest $50-$5000 (Sixth Edition): The Small Investors Step-By-Step, Dollar-By-Dollar Plan for Low-Risk, High-Value Investing. New York: Harper Collins, 1997.
Hayes, Christopher and Kelly, Kate. Money Makeovers: How Women Can Control Their Financial Destiny. New York: Doubleday, 1998.
Kobliner, Beth. Get A Financial Life: Personal Finance in Your Twenties and Thirties. New York: Fireside, 1996.
Magazines
Kids’ Wall Street News - Appropriate for ages 7 and up
Money
Smart Money
Websites for Investors
Microsoft Investor (investor.msn.com)
Quicken.com (www.quicken.com/investments)
Standard and Poor’s Personal Wealth (www.personalwealth.com)
"The first step toward turning your financial fantasy into an achievable goal is calculating the dollar value of your dream.” Beth Kobliner
AKA’nomics Winners Circle - What Can You Purchase For +$5O.OO?
September’s Winner:
Soror Sandra Stewart-Bass won shares 2.17 shares of stock and enrollment in Nevada Power Company’s
Customer Stock Purchase and Dividend Reinvestment Plan.
October’s Winner:
Soror Clair Hart won a share of stock in Sara Lee Corporation. The initial share of stock will allow her to
enroll in the company’s dividend reinvestment program.
November’s Winner:
Soror Lucky One will win one share of stock and enrollment in the dividend reinvestment plan of the
following company. Can you name the company???
Hint: This company is a diversified consumer products maker of: Mirro cookware and kitchen utensils.
Anchor Hocking glassware, Calphalon gourmet cookware, Levolor blinds, Holson Burnes picture frames,
Rolodex card files, Sanford markers, Stuart Hall school supplies, Amerock cabinet and window
hardware, EZ Paint paintbrushes and rollers, BernzOmatic propane torches, and the most recent
acquisition, Rubbermaid Products.
Theta Theta Omega Portfolio as of 10/27/96
Stock(Symbol)
Nevada Power Co (NVP)
Sara Lee (SLE)
Shares Purchase Price Last/NAV Gain/Loss Value
2.17 $23.00 $25.50 +$5.00 $51.00
1.00 $52.00 $56.25 +$6.25 $58.25
FIVE THINGS TO DO WITH $50
1. Your Family - To interest your child in saving, make a deal. For every dollar saved, you will match a
dollar. To a child, the idea of saving $50 and having $100 may be just the right motivation for a
lifetime of saving.
2. Your Health - Need to get in shape? Purchase a pair of good walking shoes and some sweatpants
and off you go!
3. Your Auto - Today’s preventive measures - rotating the tires, changing the oil, having the brakes
checked 8can save a bundle in repairs down the road.
4. Your Finances - Pay down a credit card with a high interest rate and you will earn a higher return
on your $50 than if you put it in the bank.
5. Your Finances - Consider a membership in the American Association of Individual Investors, which
publishes ten monthly news journals on how to make investments, portfolio strategies and
financial planning tips. Annual membership is $49. Call 800-426-2244