Wednesday, May 23, 2001
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Wednesday, May 23, 2001 |
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Students win at spring stock market game As investors struggle to stay afloat in a volatile stock market, a team of students at one Fayette high school has managed to make a profit. In just 10 weeks, a group of students at Sandy Creek High School turned a hypothetical $100,000 investment into $128,735 while playing the spring 2001 Stock Market Game. The Stock Market Game, for students in grades 4-12, enables participants to discover the risks and rewards involved in decision making, the sources and uses of capital and other related economic concepts. Over the course of 10 weeks, participants invest a hypothetical $100,000 in Nasdaq, Amex, and NYSE-listed common stocks. They research stocks, study how the financial markets work, choose their portfolios, manage budgets, follow companies in the news, and make decisions on whether to buy, sell, or hold. They can compare their portfolio's performance to peers on a weekly basis. Out of the 205 teams in Fayette that participated in the game, the one at Sandy Creek placed first in the county having earned the most money on its investment. Students on the winning team were Jenni Redmond, Lana Riggs and Jessica Stephens. Teams at Kedron Elementary School took second and third places in the county. The second place team grew its investment to $120, 507.97. This team was made up of David Noren, Matthew White, Jack VanRemmen, Brian Kwan, Kyle Fox and Spencer Long. Coming in third with a total earning of $119,457.84 was Rebecca Urban, Margaret Poffenberger and Erin Justice. Coaches for the teams at Sandy Creek and Kedron were Mark DeCourcy and Mary Elizabeth Mendenhall, respectively.
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