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The South Dakota Stock Market Game announces top teams for the spring trading
The spring session of the South Dakota Stock Market Game (SDSMG), operated by the Black Hills State University Center for Economic Education, concluded its 10-week trading session on April 21.
For the spring trading session, 465 students from 23 South Dakota schools formed 212 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 High School, Middle School and College divisions. Teachers receive free online training via a series of webinars conducted in the weeks prior to the start of the each trading session.
The largest division was the High School division with 155 teams. The winner of the High School Division was Jones County High School in Murdo with a final portfolio value of $ 109,565 and a 9.6 % return on investment, the highest portfolio in the state. For comparison purposes, the Standard & Poor's 500 Index rose 1.2 % over this same time period. Teacher Carmen Miller used the program in her Personal Finance class. The team's big winner was Cara Therapeutics (CARA), up 16 % in ten weeks.
The winner of the Middle School division was Edison Middle School in Sioux Falls with a final portfolio of $ 106,858. Teacher Gretchen Doyle used the program in her 6th grade Gifted class.
The winner of the College division was Black Hills State University student Karen Robinson, public accountancy major from Sundance, Wyo. Her final portfolio value was $ 106,105 Karen participated in the program as part of her Advanced Accounting course at BHSU where students must select an industry to invest in, then select stocks in that industry after performing fundamental financial analysis on the companies.
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 2017 SDSMG session starts on October 10 and 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
For the spring trading session, 465 students from 23 South Dakota schools formed 212 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 High School, Middle School and College divisions. Teachers receive free online training via a series of webinars conducted in the weeks prior to the start of the each trading session.
The largest division was the High School division with 155 teams. The winner of the High School Division was Jones County High School in Murdo with a final portfolio value of $ 109,565 and a 9.6 % return on investment, the highest portfolio in the state. For comparison purposes, the Standard & Poor's 500 Index rose 1.2 % over this same time period. Teacher Carmen Miller used the program in her Personal Finance class. The team's big winner was Cara Therapeutics (CARA), up 16 % in ten weeks.
The winner of the Middle School division was Edison Middle School in Sioux Falls with a final portfolio of $ 106,858. Teacher Gretchen Doyle used the program in her 6th grade Gifted class.
The winner of the College division was Black Hills State University student Karen Robinson, public accountancy major from Sundance, Wyo. Her final portfolio value was $ 106,105 Karen participated in the program as part of her Advanced Accounting course at BHSU where students must select an industry to invest in, then select stocks in that industry after performing fundamental financial analysis on the companies.
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 2017 SDSMG session starts on October 10 and 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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