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    Page Title| Happenings News Stories  2010

     

    December 21, 2010

    Ocvts Students Reap Profits In Stock Market Game
    Jean Sullivian, December 21, 2010

    Caption: Photo: Stock Market Game team members out-performed 160 other teams to take first place in the Southern New Jersey Division. OCVTS Toms River Principal JoAnn Price and Computer Science Instructor Michael Clarke, look on.
     

    TOMSRIVER, NEW JERSEY Students from the Ocean County Vocational Technical School’s Computer Science Program, in Toms River, took first place in the 2010 New Jersey Stock Market GameTM, Southern NJ Region, outperforming 160 other high school teams. The Stock Market Game (SMG) is an online educational competition which introduces students throughout the country to financial markets, economics and the fundamentals of investing. It is sponsored by the Securities Industry and Financial Markets Association (SIFMA) Foundation.

    Teams of 3-5 students invest a hypothetical $100,000 in real stocks, bonds and mutual funds. The goal is to show the greatest gain in assets at the end of the 10-15 week investment period. Students use real Internet research and news updates, creating a real-world experience. Out of 161 teams in the Southern NJ Regional Competition, only 22 teams achieved growth in their investments and the OCVTS team showed a remarkable 20% gain in assets.

    Team member Dan Gonnella, as senior from Jackson Memorial High School noted, “We focused a lot of our investments in energy stocks. They have the potential for continued growth as technologies advance and populations increase.” Dan and fellow teammate Boris Lai, from Barnegat both drew from their experiences from last year’s competition. Jahmeir Crews, also from Jackson Memorial High School, a newcomer to the competition commented that he had learned a lot from his teammates.

    The three team members will attend an awards ceremony scheduled for Spring 2011 where they will present their investment strategies and recap their learning experience.

    The SIFMA Foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds. Drawing on the support and expertise of the financial industry, the SIFMA Foundation provides financial education programs and tools that strengthen economic opportunity across communities and increase individuals’ awareness of and access to the benefits of the global marketplace. www.sifma.org/foundation


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