Houston, TX – A three-person team from St. Agnes Academy placed second in the state in the high school division of the Stock Market Game sponsored nationally by the SIFMA Foundation. Teams invested a hypothetical $200,000 in real stocks, bonds and mutual funds, learning cooperation, communication and leadership as they manage their portfolio. Seniors Sydney Dornak (Captain), Danielle Fortune, and Erin Miller earned more than $51,000 during the eight weeks they played the game. They will receive cash awards for their success as well as certificates of recognition from the Texas Council on Economic Education.
Sydney Dornak said, “My initial thought while playing this game was that ‘I want to be a stock market trader. Making money investing in stocks is easy.’ My dad quickly busted my bubble when he reminded me that consistently picking high performing stocks is not common for any investor. His opinion hit home when in week eight our winning stock dropped 38% in value in two days. It’s still a winner as of today, although who knows for how long.”
The SIFMA Foundation's Stock Market Game™ program is an online simulation of the global capital markets that engages students in grades 4-12 in the world of economics, investing and personal finance, and prepares them for financially independent futures. More than 700,000 students take part every school year across all 50 states, 1,400 teams in Texas. The Stock Market Game has reached 13 million students since its inception in 1977.
The St. Agnes team finalized their portfolio with five stocks. Four were established companies that performed well and in-line with average gains, while the fifth was a technology stock with a low price, and only two years old. Over the first seven weeks the tech stock grew 142%.
An independent study by Learning Point Associates found students who participated in the SMG program scored significantly higher on mathematics and financial literacy tests than their peers who did not. They also found that teachers who taught SMG reported the program motivated them to better plan for their future and to engage in financial planning, research, and use of investment products and services.