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If your stock portfolio hasn’t bettered the bull-market Standard & Poor’s average by 29.46 percent since last October, take heart.
A portfolio managed by a team of two students from Lincoln High School has done just that – and by doing so the pair is poised to win a statewide student stock-picking contest.
The two – Adriana Solis, 17, and Gustavo Dominguez, 18 – entered the yearlong Washington Council for Economic and Financial Education “Stock Market Game” last fall. They could have bought or sold stocks, bought options, sold short, picked bonds, mutual funds or ETFs, but they chose to stick with their original four equity picks: Nike, Apple, Nordstrom and Starbucks.
As of Wednesday, their Nike was up 20.8 percent, Apple up 58.3 percent, Nordstrom up 28.17 percent and Starbucks ahead by 51 percent. Their original investment – on paper – of $100,000 had gained nearly $45,000.
And when the game closes a week from Friday, they could win an actual – not a virtual – gift card from Amazon.
“They have performed phenomenally,” said Pam Whalley, who coordinates the game for the Bellingham-based council. “I wish they were handling my money.”
Where the Lincoln team has marked a game-average gain of nearly 30 percent above the S&P, the current second-place team, from the Edmonds area, was hovering with a 25 percent gain.
“I don’t know that Kamiak will be able to catch them,” Whalley said Wednesday afternoon. Also among the Top 5 are teams from Pioneer Middle School in Eastern Washington, Meadowdale in Lynnwood and a second team from Lincoln. In a spring-only stock contest, a team from Olympia High School leads teams from Bothell, Shorecrest and Nathan Hale in Seattle.
The impetus for Lincoln students – where 45 two-student teams entered the competition – came from first-year teacher Kerry Hipps.
“I was trying to figure out a hypothetical way of getting them involved in the stock market,” Hipps said.
He teaches a class called financial algebra, and the contest seemed to present an interesting and involving entry into the world of finance and investing.
“I want them to have the experience of buying and selling stocks and getting the terminology
A portfolio managed by a team of two students from Lincoln High School has done just that – and by doing so the pair is poised to win a statewide student stock-picking contest.
The two – Adriana Solis, 17, and Gustavo Dominguez, 18 – entered the yearlong Washington Council for Economic and Financial Education “Stock Market Game” last fall. They could have bought or sold stocks, bought options, sold short, picked bonds, mutual funds or ETFs, but they chose to stick with their original four equity picks: Nike, Apple, Nordstrom and Starbucks.
As of Wednesday, their Nike was up 20.8 percent, Apple up 58.3 percent, Nordstrom up 28.17 percent and Starbucks ahead by 51 percent. Their original investment – on paper – of $100,000 had gained nearly $45,000.
And when the game closes a week from Friday, they could win an actual – not a virtual – gift card from Amazon.
“They have performed phenomenally,” said Pam Whalley, who coordinates the game for the Bellingham-based council. “I wish they were handling my money.”
Where the Lincoln team has marked a game-average gain of nearly 30 percent above the S&P, the current second-place team, from the Edmonds area, was hovering with a 25 percent gain.
“I don’t know that Kamiak will be able to catch them,” Whalley said Wednesday afternoon. Also among the Top 5 are teams from Pioneer Middle School in Eastern Washington, Meadowdale in Lynnwood and a second team from Lincoln. In a spring-only stock contest, a team from Olympia High School leads teams from Bothell, Shorecrest and Nathan Hale in Seattle.
The impetus for Lincoln students – where 45 two-student teams entered the competition – came from first-year teacher Kerry Hipps.
“I was trying to figure out a hypothetical way of getting them involved in the stock market,” Hipps said.
He teaches a class called financial algebra, and the contest seemed to present an interesting and involving entry into the world of finance and investing.
“I want them to have the experience of buying and selling stocks and getting the terminology
down,” he said.
Solis and Dominguez stopped by Hipps’ room on Wednesday to celebrate their lead by sharing a pepperoni pizza. They had been interviewed by a local radio station earlier in the week, and news of their performance had circulated on campus.
“I didn’t think it would be such a big deal,” Dominguez said. “It was really surprising.”
“I didn’t know anything about stocks before I came into this class,” Solis said. “It was new to me. It was interesting.”
And how did they choose their investments? Simply enough.
“A lot of people wear Nike shoes. A lot of people shop at Nordstrom,” Dominguez said.
“Apple is popular with teenagers. We wanted to pick up what people liked and used, and we like coffee,” said Solis.
“One of the things we talked about was stocks that are on sale,” Hipps said. They bought Starbucks at $38.73. On Wednesday it closed at $60.33.
Solis and Dominguez stopped by Hipps’ room on Wednesday to celebrate their lead by sharing a pepperoni pizza. They had been interviewed by a local radio station earlier in the week, and news of their performance had circulated on campus.
“I didn’t think it would be such a big deal,” Dominguez said. “It was really surprising.”
“I didn’t know anything about stocks before I came into this class,” Solis said. “It was new to me. It was interesting.”
And how did they choose their investments? Simply enough.
“A lot of people wear Nike shoes. A lot of people shop at Nordstrom,” Dominguez said.
“Apple is popular with teenagers. We wanted to pick up what people liked and used, and we like coffee,” said Solis.
“One of the things we talked about was stocks that are on sale,” Hipps said. They bought Starbucks at $38.73. On Wednesday it closed at $60.33.
“I think we gained a lot of knowledge about business. We didn’t know anything about stocks,” said Solis.
The lesson she learned: “We can buy and sell, and it can go up and down.” “It’s about what people need,” said Dominguez. “They want an iPad. They want shoes. They like coffee.”
“My mom was excited,” said Solis. “My friends were like, ‘Really?’”
Yes, really.
A team from Lincoln is about to win a statewide financial literacy contest. That’s what they’ve earned, and here’s what they’ve learned:
“I handle money differently now. I save up,” said Solis.
“I also started saving money,” said Dominguez. “I’m putting it somewhere where it will be hard for me to spend.”
“Financial literacy is one of the things we sorely lack in this country,” said Lincoln co-principal Pat Erwin. “I think this is a reflection of what happens when we have a good teacher working with students who have connected with a passion.”
And it’s a passion for a something greater than shoes, shopping, iPads and the occasional cappuccino. Said Hipps of his team, “They picked well. They picked smart, and they got a little bit lucky. Sometimes, that’s the way life is.”
Original source here.
“My mom was excited,” said Solis. “My friends were like, ‘Really?’”
Yes, really.
A team from Lincoln is about to win a statewide financial literacy contest. That’s what they’ve earned, and here’s what they’ve learned:
“I handle money differently now. I save up,” said Solis.
“I also started saving money,” said Dominguez. “I’m putting it somewhere where it will be hard for me to spend.”
“Financial literacy is one of the things we sorely lack in this country,” said Lincoln co-principal Pat Erwin. “I think this is a reflection of what happens when we have a good teacher working with students who have connected with a passion.”
And it’s a passion for a something greater than shoes, shopping, iPads and the occasional cappuccino. Said Hipps of his team, “They picked well. They picked smart, and they got a little bit lucky. Sometimes, that’s the way life is.”
Original source here.
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