The South Dakota Stock Market Game (SDSMG), sponsored in part by Black Hills State University, gained 160 teams this spring, bringing the total number of participating teams to 400, a near 70 percent increase from last year’s spring session.
The largest growth was seen in participating high school teams. Don Altmyer, director for the BHSU Center for Economic Education and coordinator for the SDSMG, says the increase in high school teams this session is due in part to a recent South Dakota Board of Education mandate making a personal finance/economics course a requirement for high school graduation. Altmyer also said reducing the team registration fee from $10 to $5 played a significant role in the increase.
The SDSMG is an economic education program based on real-life simulation of the stock market. Each year nearly 1,000 students from 50 different schools compete in the SDSMG, in which there are divisions for elementary, high school, and college students. The student teams research and plan out their own portfolio of stocks; then, are given a virtual $100,000 of “play money” with which to invest. At the end of each 10-week session, the top teams in each division are awarded cash prizes.
For more information on the South Dakota Stock Market Game, contact Altmyer at 642-6266 or DonaldAltmyer@bhsu.edu or visit www.smgww.org.