Ashburn, Va. (March 18, 2015) – The team of Sukriti Dhingra, Luke Janoschka, and Sudiksha Kochi placed first in the Northern Virginia region made up of 50 teams playing the Stock Market Game (SMG).
This simulation was done in Peggy Jensen’s eighth grade Spectrum/Gifted classes during a 10-week period. “Students were given $100,000 of (pretend) money to invest in real companies”, said Jensen. After student research and class lessons on the basics of how the stock market functions, and how to invest in stocks, bonds and mutual funds, students were free to research companies trading on the New York Stock Exchange and NASDAQ. “We had student teams investing in a broad range of companies in the retail, financial, medical, technology, food and entertainment industries,” Jensen added.
Principal Jodi Day supports the use of the simulation. “This is a great way to help students build a fundamental understanding of investing while providing them with real-world practice in math, economics and financial literacy. We had over 80 students participate and are very proud of our winners and all those who participated.”
Assistant Principal William Gulgert sat in on some classes during the simulation. “I was impressed with the level of engagement, team-building, and the students’ fundamental understanding of the stock market,” said Gulgert. “This was a real-world situation where they could practice their critical thinking and decision making skills in a way that was exciting for them.”
This simulation allowed the students to make trades based on real stock prices in real time. The SMG simulation kept track of each team’s portfolio to show total equity and if they were showing a profit or loss in real time. The winning team managed to gain $4,475 during the simulation. Of Jensen’s 24 teams at Stone Hill Middle School, six teams placed in the top 10. The team of Antonia Pellegrini, Sohan Rao, Nikita Sajai, and William Wung came in fourth place; the team of Divjot Bawa, Nehal Huq and Gautam Lalwani placed fifth; the team of Nick Amselle, Atharv Khatod and Susan Song placed sixth; and in ninth place was the team of Hiya Kishore, Jaswant Kasinedi and Maddie Larsen.
The Stock Market Game is a national program of the Securities Industry and Financial Markets Association. The SIFMA Foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds.