posted on April 25, 2014 08:59
Black Hills State University business major Jessica Johnson was the winner of the college division of the South Dakota Stock Market Game (SDSMG) spring trading session with a final portfolio of $112,063.
Johnson, from Bison, participated in the program as part of her Principles of Accounting course.
More than 500 students from 23 high schools, middle schools and colleges competed in the 10-week trading session which ended last week. The schools formed 223 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.
The largest division was the high school division with 155 teams. The winner of the high school division was Clark High School with a final portfolio value of $ 109,070. Teacher Jerome Nesheim used the program in his personal finance classes.
Belle Fourche Middle School was the winner of the middle school division with a final portfolio of $105,207. Teacher Mark Sprigler used the program in his middle school Math and Science Club.
Despite working with cyber dollars, the students become invested in picking their portfolios and watching the market, according to Don Altmyer, BHSU professor of accounting and coordinator of the SDSMG.
The BHSU Center for Economic Education has an exclusive license to operate the 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 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 BHSU Center for Economic Education is affiliated with the National Council on Economic Education and provides economic and personal finance programs for South Dakota middle school, high school and college students. The South Dakota Council on Economic Education oversees two Centers for Economic Education in the state: BHSU in Spearfish and the University of South Dakota in Vermillion.
The Fall 2014 SDSMG session starts on Monday, Oct.6. Registration begins on Aug. 15. To register, go to http://www.stockmarketgame.org. For more information, contact Altmyer at DonAltmyer@BHSU.edu.