South Dakota Stock Market Game announces top teams for the spring trading session

Author: BHSU Communications/Thursday, April 28, 2016/Categories: 2016

The spring session of the South Dakota Stock Market Game (SDSMG) concluded its 10-week trading session April 22. The SDSMG is operated by the Black Hills State University Center for Economic Education.

Left, Becky Kidder-Giles, public accounting major from Buffalo, accepts an award from Don Altmyer, professor of accounting at BHSU, for winning the College division of the South Dakota Stock Market Game spring session. The SDSMG is operated by the Black Hills State University Center for Economic Education and included 558 students from 25 South Dakota schools this session.

For the spring trading session, 558 students from 25 South Dakota schools formed 239 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's 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 middle school, high school, and college divisions.

The winner of the College division was Black Hills State University student Becky Kidder-Giles, public accounting major from Buffalo. Her final portfolio value was $149,421, the highest portfolio in the state. Kidder-Giles participated in the program as part of her Advanced Accounting course requirement where students must select an industry to invest in, then select stocks in that industry after performing fundamental financial analysis on the companies.

Don Altmyer, professor of accounting at BHSU, said the 49.4 percent return on investment in Kidder-Giles' portfolio was an impressive considering that the blue chip Standard & Poor's 500 stock market index was up 11.8 percent during this same period of time.

"Becky hit home runs with her selection of the Oil & Gas: Drilling & Exploration Industry and her purchases of Atwood Oceanics (ATW) up 51 percent, Nabors Industries (NBR) up 62 percent and Transocean Partners (RIGP) up 38 percent," said Altmyer.

The largest division was the High School division with 186 teams. The winner of the High School Division was Rapid City High School with a final portfolio value of $125,261. Teacher Darren Paulsen used the program in his Economics class.

The winner of the Middle School division was St. Mary Middle School in Dell Rapids with a final portfolio of $114,535. Teacher Amanda Geraets used the program in her 8th grade Math 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. Winners receive a paid trip to New York City and a visit to the New York Stock Exchange.

The South Dakota Stock Market Game 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 and the University of South Dakota in Vermillion.

The Fall 2016 SDSMG session starts on Monday, October 3.  Registration begins on August 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 donaltmyer@BHSU.edu
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