An Edward Jones financial adviser opened the doors to the world of business and finance for Eastern students on May 3, portraying the perspective of Eastern alumni in the real world.
The Eastern alumni board hosted an event sponsored by STCU that gave students a chance to learn about finance at the nYne Bar & Bistro located on Sprague Avenue in Spokane.
Drew Peneton, an Eastern alumnus, gave a presentation on finance, bonds and the stock market to a group of 30 Eastern students. He currently works as a financial adviser for Edward Jones in Phoenix.
“What came to mind is younger folks don’t really have the access to or the knowledge for how they should start investing [and] saving for retirement,” Peneton said. “I was invited as a financial adviser for Edward Jones and an [alumnus] at Eastern to come up here and talk with young professionals about really what it means to invest, the basics of … how to get started [and to] develop a good plan to make yourself successful.”
Lisa Poplawski, the director of alumni advancement, said that the alumni board started planning the event about two months ago.
Poplawski said that the EWU Young Professionals Network event on May 3 was the second event that the alumni planned for EWU students.
According to Poplawski, Peneton’s presentation contained what it means to be financially stable.
“It’s a finance [and] investment 101,” Poplawski said. “It’s really giving everyone the basics of how to start investing and we really wanted it done in layman’s terms.”
“We generally … spend more than we invest,” Poplawski said. “So this is … to help [students] understand those basics.”
According to Poplawski, the first event of the EWU Young Professionals Network was about marketing yourself internally once you get a job and how to get yourself in the door.
“Right now, people are sending résumés and never getting a call, so it’s kind of a two-part [event],” Poplawski said. “There was someone to talk about how to get the call … and the other speaker spoke about how to get a promotion once you are in a job.”
Hayden Indahl, the ASEWU Athletic Affairs and University Advancement representative, helped the alumni board with the alumni nomination awards and will be a member of the alumni board starting in the fall.
According to Indahl, the important information that he learned from the lecture on business and investing was about stocks and about saving for a 401(k) account.
“I think it’s good for a group on campus to … keep alumni involved,” Indahl said. “It’s giving them the educational aspect to help further their careers and also giving them opportunity to develop some skills outside of the classroom. Even if they have a job, they can … keep developing those skills at these events.”
“I think the most important thing that [students] can walk away with is that it takes a plan,” Peneton said. “It takes discipline to execute that plan if [students] really want to achieve the goals that [they] have in mind.”