North Farmington High freshman Brennan Hulett won the 8th Annual Bloomfield Hills Financial Stock to Scholarship Challenge, topping a field of more than 630 students from 79 high schools.
Students had access to an online investment account pre‐funded with $100,000 in “play money” which they used to purchase various stocks and mutual funds. Participants placed trades in their portfolios at will with the goal to amass more “money” in their account than any other participant.
Hulett earned $122,502 in his stock portfolio over the course of the 10-week challenge. He takes home $5,000 in scholarship money, with second place winner Owen Deline, a senior at South Lyon High, receiving $2,000 and third place winner Madison Oakie, a sophomore at Regina High, receiving $1,000.
Arnav Talukder, senior at Novi High School, won the $500 scholarship prize for his winning InvestWrite essay.
“The Stock to Scholarship Challenge provides these talented students the opportunity to learn about personal finance and the nuances of the stock market,” Bloomfield Hills Financial founder and CEO, Kevin VanDyke said in a press release. “Participation has been great and it’s exciting to see the level of involvement the kids put in to help them become better investors and learn the skills needed for future financial success. It’s a one‐of‐a‐kind learning experience.”
Since 2012, the Bloomfield Hills Financial Stock to Scholarship Challenge has provided scholarships to 25 metro Detroit students.