Colorado students are learning firsthand about the value of long-term investing while playing a game. The SIFMA Foundation’s online Stock Market Game helps boost students’ math, economics and …
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Colorado students are learning firsthand about the value of long-term investing while playing a game.
The SIFMA Foundation’s online Stock Market Game helps boost students’ math, economics and personal finance knowledge, and students across Colorado were awarded for their top-performing portfolios.
Teams of one to four students begin the simulation with $100,000 imaginary cash to buy stocks, bonds, mutual funds and exchange-traded funds on the New York Stock Exchange and Nasdaq. Students place orders in real time, pay a broker’s fee on each transaction and keep track of their portfolio and cash. They also compete with peers in their classroom and with teams of other students in schools across the state to increase their portfolio value.
“We live in an increasingly complex financial world, but many teens don’t receive the education they need to successfully manage their finances,” Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation, said in a news release from the SIFMA Foundation. “Financial education programs like the Stock Market Game help prepare students to make responsible financial decisions that will serve them throughout their lives.”
Stock Market Game lessons are designed to help students learn the fundamentals of long-term saving and investing. Students enhance their knowledge in core curriculum subjects including math, language arts, economics and social studies. They also develop life skills such as financial preparedness, teamwork and business knowledge.
“During the 2017-18 school year, as we celebrate our 40th anniversary, the Stock Market Game continues to make learning about the capital markets fun and engaging, drawing students in and enabling them to learn about otherwise complex but important economic concepts such as inflation, price indexes, cycles and trends,” Melanie Mortimer, SIFMA Foundation president, said in the release. “We are proud and thrilled for all of our student teams who reached the top spots in the Colorado SMG competition.”
The winning teams, teachers and schools were recognized May 7 at the annual SIFMA Foundation Stock Market Game awards ceremony hosted by the Charles Schwab Foundation at the Schwab Events Center in Lone Tree.
Winners in Colorado Community Newspapers’ coverage areas of the fall, spring and year-long competitions are:
• Peabody Elementary School, Centennial, first place in the elementary division, fall session
• Rocky Heights Middle School, Highlands Ranch, first place and second place in the middle school division, fall session
• Sage Canyon Elementary School, Castle Rock, first place in the middle school division, spring session
• Green Mountain High School, Lakewood, second place in the high school division, spring session
• Mullen High School, Denver, first place in the high school division, year-long session
• DSST Charter School, Denver, second place in the high school division, year-long session
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