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South Dakota Stock Market Game program announces spring session winning teams
The program provides teams of student stock market investors 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.
The winner of the High School Division was Rapid City Stevens High School with a final portfolio value of $ 112,185. Teacher Darren Paulsen used the program in his Economics class.
The winner of the Middle School division was St. Joseph School in Pierre with a final portfolio of $ 168,811 and a 68.8 % return on investment and the highest portfolio in the state. Teacher Steven Rounds used the program in his 5th grade Social Studies class. For comparison purposes, the Standard & Poor’s 500 Index fell 13.4 % over this same time-period. The team’s winning stock trade was buying VIR Biotechnology (VIR) at $ 16.24 and selling it for $ 60.41 and a realized gain of $ 76,534.
The winner of the College division was Black Hills State University. The team final portfolio value was $ 141,095. Professor Don Altmyer used the program in his Principles of Accounting class.
The SD SMG program provides teachers with online support during each trading session and free online training prior to and during each session. During the 10-week session, teachers receive weekly newsletters on economic, business and personal finance topics to integrate the program into a variety of grade levels and subjects. 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 has been delivered by Black Hills State University through the Center for Economic Education since 1994. 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 SDSMG is sponsored by the Black Hills State University Center for Economic Education and the Securities Industry Financial Markets Association (SIFMA) Foundation for Investor Education.
The Fall 2020 SD SMG session starts on October 5 and ends on December 11. 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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