posted on December 21, 2007 15:02
Two Black Hills State University students recently won the fall session of the South Dakota Stock Market Game (SDSMG). The competition, which is designed to teach the importance of saving and investing, had 457 students participating on 192 teams from 25 schools competing in three divisions.
Rory Stone, sophomore business administration major from Rapid City, placed first in the college division. The second place winner, Kevin Schwan, sophomore mass communications major from Aberdeen, was $6,000 dollars behind Stone at the end. Both competed against 11 other teams from across the state.
The stock market game ran over a ten-week trading period that began Oct. 1. In the real world, investment managers receive performance bonuses for outperforming the traditional stock market benchmarks over a particular time period. Only about 20 percent of professional money managers beat the market indices each year, according to Don Altmyer, associate business professor at BHSU and director of the BHSU Center for Economic Education.
The spring 2008 SDSMG Session begins in Feb. 2008. The BHSU Center for Economic Education will be conducting free teacher training workshops on the SDSMG on Jan. 25 and Feb. 1, 2008.
For more information, contact center director Don Altmyer at DonAltmyer@BHSU.edu or call 605-642-6266.