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A group of Wyoming residents have made an impact in the stock market, but they’re not typical investors.
Elm School fourth-graders who are part of the REACH class for gifted students competed in the SIFMA Foundation’s Stock Market Game that began in October. Students researched trading strategies and public companies to prepare for the competition, in which teams were allotted $100,000 each to invest in a stock simulation.
The competition culminated in springtime awards of second, fourth, sixth and 59th place in the statewide program. Second-place winners Sabrina Giolando and Yates Kitchen, of the Bad-Invest Busters, finished the game with an 8.98 percent return. They were invited to an awards banquet and to watch the Portfolio Challenge Competition at the University of Cincinnati on April 25.
The students reflected on the experience as an investor would.
“I can use the strategies that I learned, such as to diversify your stock portfolio with stocks from different sectors, to help me make more money in the future,” Yates said.
“You should get high dividend stocks,” Sabrina advised. “Dividends are the amount of extra money you get from owning a stock. Our stock with the highest dividend was Pfizer (PFE). It gave us $207.08 in dividends over all.”
Teacher Jennifer Gerstner led the Wyoming program.
“The lessons that they learn beyond the typical standards, which include multiplying, calculating with percent and decimals, trends, graphing, among others, include real-life investment strategies and exploring career options in the financial world,” Gerstner said. “I bring in a financial adviser to teach the kids how to use sites like Yahoo Finance and Morningstar in order to do research on companies and make informed decisions. Additionally, they have to learn how to work together as a team and make collaborative decisions.”