Bold Investing Scholarship

Funded by

Investing is a great way to make your money work for you.

However, investing can be complicated and often unpredictable. Investing takes courage but often pays off in the long run.

This scholarship aims to support students who are passionate about investing their money and taking charge of their finances.

Any student interested in investing and learning investment tips may apply for this scholarship.

To apply, tell us about an investment tip that you’ve taken to heart in your life.

Selection Criteria:

Ambition, Need, Boldest Bold.org Profile

Graduate School Scholarships High School Scholarships Undergraduate Scholarships

Example Scholarships

Essay Scholarships College Students Scholarships

Published January 22, 2022

Essay Topic

What’s one investing tip that you’ve taken to heart?

150–300 words

Winners and Finalists

June 2022

Winners

Edward Reaves

North Carolina A & T State University

Charlotte, NC

Finalists

Sierra Burton

Southwestern University

Georgetown, TX

Hannah Seil

Fessenden-bowdon High School

Northeastern University

College of Charleston

Charleston, SC

Andrew Peippo

Texas A&M University- College Station

Pottsboro, TX

January 2022

Winners

Finalists

University of Massachusetts-Lowell

Columbia, TN

Nicholas King

Purdue University Northwest

Saint John, IN

Mary Sannapu

Arizona State University-Tempe

Phoenix, AZ

Winning Application

Edward Reaves

North Carolina A & T State UniversityCharlotte, NC

On November 11, 2021, I attended a financial planning meeting that was sponsored by the Kappa Foundation of Charlotte. One of the presenters at that meeting was a municipal banker. He suggested that young people who work should open a Roth IRA account. During the presentation, the presenter showed a report that compared the account summaries of two investors over a thirty year period. Both investors were the same age and opened Roth IRA accounts at the same time. Both investors opened their accounts with an initial deposit of $1000. After his initial deposit to the account, Investor One deposited $100 a month for two years, then stopped adding funds to his account. Investor Two, did not add funds to his account monthly. He waited ten years, then after ten years, Invest Two started to deposit $1000 to his account. The report showed that after thirty years, Investor One’s account had a balance that was much higher than Investor Two’s account. I learned that the longer you wait to plan and save for retirement, the more you will need to invest each month. Compound interest, which is the interest earned on your initial savings and the reinvested earnings, is a great reason to start saving early. In that meeting, we talked about the Dow Jones. We discussed mutual funds, capital gains, dividends, stocks, and bonds. The presenters defined what it means to invest in your future and what it means to have generational wealth. This was not the first time I heard these terms, but it was the first time that I was hearing these terms in a way that could benefit me and my family. The next month I opened a Roth IRA account.

Dana Schwartz

Hamilton CollegeCape Elizabeth, ME

When you have an immediate family member in an economic field, you are bound to talk about money. In my case, I cannot visit my grandfather without my economic future coming up. Though I may complain, I always try to take his advice to heart, even when he forgets my age and experience in the workforce. However, there has always been one piece of advice that I will stand by until I am his age and instructing my grandchildren the same thing. The tip came up while I was driving home from my tedious job as a lifeguard at a somewhat sketchy waterpark. I had just received my first paycheck of the season which was more than I had expected so naturally, I needed to get my grandfather on the line for some advice. After reading him the amount on my paycheck, he surprised me with a minimal number. I immediately questioned what he meant by it, as I had received far more than what he noted. Since then I have always followed his rule when receiving any sum of money. Ten percent of the money would stay in my spending account for "want" money. This includes anything that I simply desire because I am still a child and the newest book or technology device still intrigues me. The next thirty percent would be for things I "need". Typically, this money goes towards the ever-increasing gas prices or school supplies. That leaves me with sixty percent to "save", and use at another time in the future when I direly need it. Thanks to this system, I have been able to get the best out my of hard-earned money and still invest some for the future. While I may not always abide by this system, it is always there for me.