Newspaper is running a story on Stock Market Game for school children. 81,000 students, some as young as fourth-graders, took part in this year's competition. Each team receives simulated portfolios of $100,000 and tries to generate the maximum returns in 10- or 15-week periods.
The adults are really enthusiastic about the kids involves in stock trading. "I know lots of people who could have used your investment advice this year," quipped Brian Riley, managing director for Merrill Lynch in San Francisco. "When Obama came out with his green program, they started looking for solar companies," one teacher said. It sounds as if the kids really have a strategy. Or is it really a poker game?
The winning team, eighth-graders Nestor Aguirre, Anthony Poimboeuf and John D. Giannini turned $100,000 into more than $361,000 in a 15-week period that ended April 24. I wish the game would have held in last September. Because it would ensure massive bloodshed among our little traders. And this will prove to be their most valuable life lesson.
2009.05.13 - comments (2)
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