Winners were recently announced for the spring 2009 South Dakota Stock Market Game (SDSMG), sponsored in part by Black Hills State University.
Approximately 700 students from 34 South Dakota schools formed 323 teams of stock market investors during the 10-week trading session of the SDSMG. Students researched various companies and industries and purchased shares online beginning with $100,000 in cyber funds. The students also had to pay a 2 percent trading fee on stocks.
Don Altmyer, associate professor of business at BHSU, “students in the state were excellent stock pickers as the top stock portfolios were much higher than comparative investments in the stock market indices.”
The top 3 college teams, out of 32 were all BHSU students. First place was Callie Sievers, junior business major from Rapid City, with $120,425; second place went to Cody Belitz with $117,270; third place was awarded to Pamela Bessey, junior accounting major from Sioux Falls $115,181.
In the middle school division, out of 14 competing teams, a Beresford squad led by Jonda Jensen took first place with $113,616. A Saint Mary’s team led by Amanda Geraets received second place with $109,706.
The first place award in the high school division, out of a total of 277 competing teams, was awarded to Rapid City Stevens advised by Carol Nielsen, with a total ending portfolio of $146,633. Second place was awarded to Saint Thomas More led by Joanne Achbach, with a total portfolio of $139,770. Other winners included: third place, was awarded to Brandon Valley advised by Lana Main, with a total of $137,206. Places 4-8 went to Rapid City Stevens teams advised by Carol Nielsen. This year’s high school competition had 277 contenders.
The South Dakota Stock Market Game Program (SDSMG) is an innovative education tool that motivates students and supports teachers in building lifelong learning skills and is the only stock market simulation endorsed by the South Dakota Council on Economic Education. Since 1977, the program has taught more than 11 million students nationwide about the importance of long-term saving and investing with its engaging, real-world educational program.
Students receive a hypothetical $100,000 to invest in real stocks, bonds and mutual funds. The program’s carefully integrated curriculum lets students experience the financial markets in the classroom as they learn math, economics, social studies and the importance of saving and investing for the long term.
The SDSMG offers a vast library of learning materials correlated to national content standards in math, personal finance, social science, business education and economics. This resource has inspired many teachers to incorporate the program into classes in creative ways from fourth grade to college. Teachers have discovered that the SDSMG actually boosts attendance and reduces dropout rates. Students who participate gain confidence and build self-esteem while having fun learning effectively as they see how their classroom lessons apply to the real world.
Sponsors for the South Dakota Stock Market Game are the Center for Economic Education at Black Hills State University, the Securities Industries Financial Market Association (SIFMA) Central States District and the South Dakota Council on Economic Education.
The fall 2009 SDSMG Session starts on Oct. 5; registration begins Sept. 1. The Center for Economic Education will be conducting free teacher training webinars for registered teachers in the fall. Contact Altmyer at DonAltmyer@BHSU.edu or call
642-6266. To register or for more information, go to www.stockmarketgame.org.