Delaware students honored for Stock Market Game success
8:15 a.m., Feb. 2, 2016--Students from across the state of Delaware are on the path to financial success thanks to the 2015 Stock Market Game (SMG), administered by the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE) since 1983.
This fall, more than 600 Delaware students on 189 teams had the opportunity to invest $100,000 in virtual money in securities traded on the New York and NASDAQ exchanges.
National Medal of Science
Before investing, students researched companies and their stock performances and analyzed the impact of economic and political events on stock prices. Teams then entered trades at real-time prices using a live trading simulation.
At the end of the 10-week period, the team with the highest value portfolio in each of the three grade-level and Boys and Girls Club (BGC) divisions was declared a winner. These students and their teachers/coaches were honored at an awards reception hosted by the CEEE in January.
During the ceremony, Gregory Strong, investor protection director at the Delaware Department of Justice, congratulated the winners and presented their awards.
“By participating in the Stock Market Game, you have taken the first step to becoming a good investor,” Strong said. “Start early and get experience buying and trading stocks.”
Strong discussed the positive relationship between UD’s CEEE and the Delaware Department of Justice’s Investor Protection Unit, which funds the SMG.
“It is such a pleasure to see the winners and hear their stories and know that the program has been a success this year,” said Strong, adding that CEEE Director Carlos Asarta “is continuing the tradition of excellence this program has had for so many years.”
Below are the SMG winners, their schools or BGC affiliations, the ending value of their team portfolios and their teachers/coaches:
- Elementary division: Spenser Neidig and Connor Warren from the Tatnall School with $101,288; teacher – Heather Brooks.
- Middle school division: Anthony Hudson and Adam Voigt from Shue-Medill Middle School with $111,549; teacher – Kristopher James.
- High school division: Anthony Daniels, Johnny DeVary, Jack Dixon, Gary Gray, Jaquan Hooks and Luke Rankin from Caesar Rodney High School with $106,729; teacher – Carla Lawson.
- Boys and Girls Club elementary division: Western Sussex Boys and Girls Club with $100,202; coach – Brian Daisy. (Team members were not specified.)
- Boys and Girls Club Middle school division: Christian Ellis, James Hayworth, Justin Owens, Raymel’ Robinson and Jarrod Favazza from Greater Newark Boys and Girls Club with $100,118; coach – Lakira Williams.
The Linden Hill Elementary School team was also honored this year for their second-place showing. The three-girl team – Esha Bolar, Vibha Gunturi and Jailyn Mathews – led in their age group for most of the SMG but were edged out by the team from Tatnall during the competition’s final days. The two teams finished within $119 of one another.
The winning team from the Tatnall School had only two members, and their advice was simple.
“Do research, hold on to your stock even when it goes down and stay calm,” said the team.
Heather Brooks, teacher at the Tatnall School and coach of the winning team, described the process of immersing her students in the world of the SMG.
“The University provides ideas, teaching materials and sets expectations,” Brooks said. “Then we teachers instruct the students on the basics, like the definition of a stock.”
Brooks’ class then took field trips to a brokerage firm as well as to the Lerner Trading Center at UD’s Alfred Lerner College of Business and Economics. Some parents who work in the field participated in class, while students also strengthened their digital skills.
“We get the team members using Excel, working with a digital portfolio and they even build a website,” Brooks said. “These activities open up a lot of dialogue about finance, and they learn things that will be useful throughout their lives.”
Photos by Doug Baker