Two student teams finished first and third in the State in the fall session of the Stock Market Game. These teams were recently recognized in a Virtual Student Achievement Awards Program by the Maryland Council on Economic Education, the competition’s sponsor. First United Wealth Management has sponsored the competition locally for over 25 years. During that time First United has seen multiple state and regional winners from Southern Garrett High School.
All teams begin with an imaginary $100,000, and over a ten-week period, invest in corporations on the New York, American, and NASDAQ markets in an attempt to increase the size of their portfolio. Rob Sharps, retired financial advisor, and Preston Sharps, Senior Investment Executive of First United, presented investment concepts, such as risk vs. reward and diversification, and compare strategies for investing in the Stock Market Game with those used in real life. Then student teams formulate daily 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 indicates how their team ranks when compared to all of the other teams in the Maryland/D.C. region and to their school system, as well as the current value of their stocks.
Southern Garrett High School had 31 teams with 97 students participating in and benefiting from the game, learning investment skills, and increasing economic understanding of the markets. The Southern team comprised of Leah Wilt, Morgan White, and Brooke Rose, beat 700 other teams statewide to walk away the winning team in the State with equity of $127,124.24. The team comprised of Sam Robinette, Wyatt Alexander, and Bryson Alexander finished in third place in the State competition with equity of $123,764.90. Both teams will receive recognition at the state level. Those two teams also finished in first and second place in the North Region.
Six student teams from Southern High in Athena Wilson’s and Zach Trautwein’s classes placed in the top 15 spots in the North Region. 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.
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The Maryland Council on Economic Education (MCEE) is a 501(c)(3) nonprofit organization that has been training teachers and providing Maryland school systems with curriculum support for over 50 years. The MCEE, along with its division of the Maryland Coalition for Financial Literacy (MCFL), are working hard to ensure that Maryland’s children leave school prepared to make responsible economic and personal finance decisions. More information concerning the Stock Market Game can be obtained from Athena Wilson or Zach Trautwein at Southern Garrett High School. Information about the MCEE and MCFL can be found at: www.econed.org