BHSU announces winners of the South Dakota Stock Market Game

Author: BHSU Communications/Tuesday, April 21, 2015/Categories: 2015



More than 500 students participated in the spring session of the South Dakota Stock Market Game (SDSMG) operated through the Black Hills State University Center for Economic Education, the only stock market game licensed in South Dakota through the Securities Industry Financial Markets Association (SIFMA).  

For the spring session ending April 17, 552 students from 28 South Dakota schools formed 253 teams of stock market investors and received a hypothetical $100,000 to perform online investing in real-time stocks, bonds and mutual funds. The program&rsquos carefully integrated curriculum lets students experience the financial markets in the classroom as they learn about business, math, economics, personal finance and the importance of saving and investing for the long term. Student teams compete for prizes in the high school, middle school and college divisions.

The winner of the college division was BHSU student Kevin Kaitfors, a music major from Spearfish, with a final portfolio of $106,689. Kevin participated in the program as part of his Survey of Business course requirement.

The largest division was the high school division with 184 teams. The winner of the High School Division was Brandon Valley High School with a final portfolio value of $ 124,327. Teacher Lana Main used the program in her Personal Finance class. The winning team&rsquos return on investment of 24.33 percent was impressive considering that the blue chip Standard &amp Poor&rsquos 500 stock market index was up only 1.4 percent during this same period of time.

The winner of the middle School division was Edison Middle School in Sioux Falls with a final portfolio of $107,262. Teacher Tracie Moon used the program in her 6th - 8th grade Gifted Program class.

The Black Hills State University Center for Economic Education has an exclusive license to operate the SMG program in South Dakota with the Securities Industry Financial Markets Association (SIFMA). The SMG program is widely identified as the leader in youth financial education and the only program proven in rigorous, independent studies year-after-year to raise math and financial literacy test scores and to change financial behavior for the better for students and teachers. Over 600,000 students from all 50 states participate each year. The SMG program includes InvestWrite, a national essay competition that is the culminating SMG activity. Students are challenged to think critically about real-world financial issues by preparing essays about long-term saving and investing. National winners receive a paid trip to New York City and a visit to the New York Stock Exchange.

The SDSMG is sponsored by the Black Hills State University Center for Economic Education, the Securities Industry Financial Markets Association (SIFMA) and the South Dakota Council on Economic Education. The South Dakota Council on Economic Education oversees two Centers for Economic Education in the state: Black Hills State University in Spearfish, SD and the University of South Dakota in Vermillion.

The Fall 2015 SDSMG session starts on Monday, Sept. 28.  Registration begins on Aug. 15. To register, go to http://www.stockmarketgame.org.

For more information, contact Professor Don Altmyer, BHSU Center for Economic Education Director and South Dakota Stock Market Game Coordinator at Donald.Altmyer@BHSU.edu
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