OAKLAND — A combination of strong investing research, along with some good fortune, helped students from Southern Garrett High School earn top spots in the fall session of the state Stock Market Game competition.
Eight student teams from Southern in Athena Wilson’s and Zach Trautwein’s classes placed in the top 25 spots for the North Region.
The game is organized by the Maryland Council on Economic Education and sponsored locally by First United Wealth Management. Rob Sharps, a retired financial adviser, presents investment concepts, such as risk vs. reward and diversification and compares strategies for investing for the Stock Market Game with those used in real life. First United has sponsored teams locally for more than 23 years and has seen multiple state and regional winners from Southern Garrett High School.
All teams began with an imaginary $100,000 and over a 10-week period, invested in corporations on the New York, American and NASDAQ markets in an attempt to increase the size of their portfolio.
The Stock Market Game requires student teams to formulate daily or weekly decisions about the direction of the markets; make choices about buying or selling corporate stocks; and enter trades on the internet. The excitement builds during the competition when students receive their team’s portfolio statement, which shows how their team ranks compared to all of the other teams in the Maryland/D.C. region and their school system, as well as the current value of their stocks.
Prizes range from a plaque for first place to a certificate for participation. Everyone who participates may not walk away with a trophy, but will leave the competition with practical knowledge for the future.
The Maryland Council on Economic Education offers the Stock Market Game to students and teachers throughout Maryland and Washington, D.C., each spring and fall. The Stock Market Game is an educational simulation that teaches about the stock markets, the American economic system and the global economy. Participants develop skills in math, language arts, research and critical thinking, while building and maintaining a stock portfolio. It is used in grades 4-12, college courses, and by those who seek to learn more about investing.
More information concerning the Stock Market Game can be obtained from Athena Wilson or Zach Trautwein at Southern Garrett High School; and more information about the MCEE and MCFL can be found at www.econed.org and www.mdfinancialskills.org.
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