Student Investors Receive Awards for Successful Investment ChoicesFeb 6th, 2014 | By admin | Category: Education
LITTLE ROCK—More than 130 junior investors in grades 4-12 were recognized for their successful efforts to grow a hypothetical stock portfolio over the course of 10 weeks. They received cash awards and trophies for winning 1st and 2nd place during the Fall 2013 session of the Stock Market Game TM, a project-based investment simulation teaching the importance of saving and investing for the future. The student achievements were celebrated during an awards luncheon at Verizon Arena on Jan. 16 hosted by Economics Arkansas, a nonprofit educational organization that trains educators how to integrate economics and personal finance concepts into the K-12 classroom curriculum.
Yet as one winning team of four elementary students explained to the audience, participating in the Stock Market Game program netted them more than a cash award and a field trip to Little Rock: “We learned to take risks with investments. We learned about different levels of risk: low would be a savings account, medium would be stocks or mutual funds, and high would be investing in futures like corn. We learned to look at what was happening in the world. . . . If a produce had to be recalled, then the company would suffer. If the government shut down, we were all in trouble. We learned to use online resources like nyse.com, yahoo finance and google finance. We could use their charts and analyst opinions to determine whether or not a stock was worth buying,” said Gabe Reed, Davis Elleman, Jaxon Krueger and Preston McAllister from Bernice Young Elementary School of the Springdale School District.
One of the adult guests, Dr. C.W. Gardenhire from the Arkansas Department of Education, emphasized the value of long-term investing. He described how he participated in the Stock Market Game as a middle school student and, impressed by what he had learned, purchased two shares of a publicly traded company with some of his earnings from a part-time job. He held onto that stock and years later, the profits from those two shares paid for the down payment of his first house.
More than 4,000 Arkansas students participated in the Fall 2013 session of the Stock Market Game. The winners are:
First Place: Bernice Young Elementary, Advisor: Wendy Peters, Springdale
Second Place: Willis D. Shaw Elementary, Advisor: LuAnn Little, Springdale
First Place: Caddo Hills Elementary, Advisor: Jeri Breashears, Caddo Hills
Second Place: Caddo Hills Elementary, Advisor: Pat Crommett, Caddo Hills
First Place: Bradley Elementary, Advisor: Leah Teague, Emerson-Taylor-Bradley
Second Place: Bradley Elementary, Advisor: Leah Teague, Emerson-Taylor-Bradley
First Place: Walnut Ridge Elementary, Advisor: Tonda Brand, Lawrence County
Second Place: McCrory Elementary, Advisor: Dee Gaskins, McCrory
First Place: Warren Dupree Elementary, Advisor: Rick Kron, PCSSD
Second Place: Collegeville Elementary, Advisor: Jean Pamplin, Bryant
First Place: Hardin Elementary, Advisor: MaryBeth Passmore, White Hall
Second Place: Taylor Elementary, Advisor: MaryBeth Passmore, White Hall
First Place: Lingle Middle, Advisor: Cindy Dunn, Rogers
Second Place: Greenwood Junior High, Advisor: Tammy Brewer, Greenwood
First Place: Waldron Middle, Advisor: Doug Maxwell, Waldron
Second Place: Waldron Middle, Advisor: Doug Maxwell, Waldron
First Place: Genoa Central High, Advisor: Jerry Brown, Genoa Central
Second Place: Genoa Central High, Advisor: Jerry Brown, Genoa Central
First Place: McCrory Jr. High, Advisor: Dee Gaskins, McCrory
Second Place: Osceola STEM Academy, Advisor: Teresa Day-Smith, Osceola
First Place: Vilonia Junior High, Advisor: Michael Slicer, Vilonia
Second Place: Vilonia Junior High, Advisor: Michael Slicer, Vilonia
First Place: Watson Chapel Junior High, Advisor: Lillian Hemphill, Watson Chapel
Second Place: Watson Chapel Junior High, Advisor: Lillian Hemphill, Watson Chapel
First Place: Springdale Har-ber High, Advisor: Jess Ross, Springdale
Second Place: Shiloh Christian Academy, Advisor: Mary Ann Kennedy
First Place: Arkansas School for Math and Science and the Arts, Advisor: Carl Frank
Second Place: Glen Rose High School, Advisor: Sheri Shepherd, Glen Rose
First Place: South Arkansas Christian, Advisor: Bobby Beaird
Second Place: Genoa Central High School, Advisor: Jerry Brown, Genoa Central
First Place: Paragould High School, Advisor: Kevin Coleman, Paragould
Second Place: Jonesboro High School, Advisor: Jon Newman, Jonesboro
First Place: North Little Rock High-Sophomore Campus, Advisor: Michael Huels, North Little Rock
Second Place: North Little Rock High- Sophomore Campus, Advisor: Michael Huels, North Little Rock
First Place: White Hall High, Advisor: Tiffany Evans, White Hall
Second Place: Stuttgart High, Advisor: Dona Mulloy, Stuttgart
Also recognized were Michael Huels, North Little Rock High School Sophomore Campus, North Little Rock School District, in the category of Overall Advisor; Marybeth Passmore, White Hall School District, in the category of Teacher Division, and Jerry Brown, Genoa High School, Genoa Central School District, in the category of Portfolio Advisor.
The Stock Market Game is owned by the Securities Industry Financial Markets Association (SIFMA), and franchised to Economics Arkansas since 1999. In this investment simulation and competition, students trade “live” in the stock market. Teams of 1-5 students seek to grow a virtual $100,000 stock portfolio over the course of 10 weeks in the fall and in the spring. They compete in either the elementary (grades 4-6), junior high (grades 7-9) or senior high division (10-12) in one of the state’s six regions connected to a university economics center area. Teachers act as advisors who assist each team by inviting investment professionals to speak in the classroom, teaching their students to learn “how” to research and to become aware of current events that affect the market. The teams with the highest total equity at the end of each 10-week session in each division and region are recognized at the awards luncheon. The winners receive cash, medals and commemorative tee-shirts. Annual participation averages more than 9,000 students.
The Awards Luncheon was sponsored by the AR Section 529 Committee/Upromise Investment Inc.; Bank of America Merrill Lynch; Arkansas Securities Department; 3M; State Farm Insurance; D&R Hobbs LLC; Lou Graham, Morgan Stanley; Riceland, and Harriet and Warren Stephens, Stephens Inc.
Economics Arkansas (through the Arkansas Council on Economic Education) is a private, non-profit, non-partisan, educational organization founded in 1962 by Dr. Bessie B. Moore to promote economic literacy in Arkansas. Its mission is to promote economic literacy and the economic-way of thinking to PreK-12 students in Arkansas by empowering educators to teach the fourth “r,” real life economics.
• Real life economics teaches students:
• To invest in their human capital, opening opportunities to the American Dream.
• Decision-making skills and the costs associated with each decision.
• Financial skills to better manage their resources in the future.
• About the global market and their future roles as producers and consumers.