Three Farmington High School (FHS) students placed in some of the top spots in a State Stock Market Competition that is a part of the Securities Industry and Financial Markets Association (SIFMA) Foundation family of programs.
Faris Adas finished in 2nd Place, with a 34.57 percent return above the S&P 500 growth; Prutha Raghava finished in 20th Place, with a 13.3 percent return above S&P 500 growth; and Bryanna Worthy finished in 30th Place, with a 12.3 percent return above S&P 500 growth.
“Farmington students did a wonderful job learning about investments,” teacher Kathryn Gustafson said in a press release. “Students now have a deeper knowledge base of when to buy, sell, and trade stocks, bonds, and mutual funds.”
The online simulation of the global capital markets engages students in grades 4-12 in the world of economics, investing, and personal finance. Through the financial assistance of SIFMA, FHS students, through an Economics class, AP Microeconomics class, or the after-school Economics Club, competed against more than 1,500 students across the state of Michigan.
Students were given a fictitious $100,000 to invest in stocks, bonds, or mutual funds in the online simulation, which uses the real prices and valuations of all investments. They logged in daily to make transactions and review/reflect on their individual portfolio performance. The goal of the game is for students to obtain financial literacy and to develop a personal investment strategy.