A team of students from Janesville-Waldorf-Pemberton participating in the Stock Market Game this fall were recently recognized for taking first place in Minnesota’s junior high division.
This team, taught and advised by Kari Bluth, included Alexa Cords, Sydney Gahlon, Kaden Johnson, and Spencer Sather, with a final portfolio value of $107,150.
The Stock Market Game is a national interactive experiential learning program for students in grades 4-12 in classes such as math, social studies, and business education. Student teams participating in the Stock Market Game are given a virtual $100,000 to invest over a 14-week period, competing with other Minnesota students for the highest-valued portfolio.
The Stock Market Game is run nationally by the Securities Industry and Financial Markets Association (SIFMA) Foundation, with the Minnesota chapter of the program managed by BestPrep, a non-profit “whose mission and programs are based on the belief that students learn best through active participation in hands-on, experiential activities.”
The Stock Market Game is one of seven programs BestPrep offers, with the others being Classroom Plus, Cloud Coach, eMentors, Financial Matters, Minnesota Business Venture and the Technology Integration Workshop. These programs, the BestPrep website says, are intended to help students learn how to make sound business, career and financial decisions, to succeed in the workforce and to overcome future challenges.
The Stock Market Game program runs each school year with yearlong, fall, spring and late spring sessions.
Each team of students receives online daily portfolio updates on their current holdings, brokerage fees, interest and team rankings. The online simulation aims to expand students’ financial literacy skills by teaching long-term planning and money management.
“The Stock Market Game is incredibly unique because students are learning critical research and decision-making skills by actually participating in the stock market in real time,” said Stephanie Musgrove, program manager at BestPrep.
Students, Musgrove said, can see both the positive and negative consequences of the financial choices they make, which allows them to understand the different variables that impact the market and encourages ongoing research and strategic decisions.
The fall session of the Stock Market Game concluded with a Jan. 12 awards ceremony, hosted by Travelers in St. Paul, where the JWP students and other top-ranking teams from each age division were recognized.
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