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THE 2013 8TH ANNUAL STOCK MARKET COMPETITION
WAS BROUGHT TO YOU BY TITLE SPONSOR:
AND HIGH SCHOOL EVENT A SPONSOR:
On November 7, 2013 the MassMutual Center in Springfield, MA was turned into the New York Stock Exchange for the Junior Achievement of Western Massachusetts' 8th Annual Stock Market Competition. Our high school event was held in the morning. More than 800 students from 28 schools formed 164 teams! Prior to the event, students were given three prep lessons to familiarize them with the stock market, how stocks are bought and sold, and how to work together as a team to participate in the event. Each team was given a fictitious $1,000,000 to invest in 50 fictitious stocks. Each trading day was an exciting 60 seconds, with a total of 60 trading days, all happening over the course of 60 minutes! Teams had to continuously read the "news of the day" to keep abreast of what was happening in the marketplace. They had to make quick decisions, get the attention of a trader and buy, sell, or trade. The goal was to build the highest portfolio net worth in a frantic "60 days"!
New this year, each team was given a QR code they could scan into their smart phones, which would take them to a live webpage of their portfolios. This allowed teams to make up to the minute, knowledgeable decisions.
And the high school winners were: in third place, Ludlow High School. Second place went to Southwest Vermont Career Center! First place went to Putnam Vocational High School from Springfield, MA!
The Minions from Putnam Vocational High School, Springfield, MA
Our evening event consisted of over 300 college students and business professionals. The evening began with a networking event and dinner followed by the competition. Each team was given a fictitious $1,000,000 to invest. At the end of the 60 "days" of trading the winners were:
1st Place Highest Net Worth & Highest Return on Investment: MGM Springfield
Second Place - Highest Net Worth - Easthampton Savings Bank
Third Place - Highest Net Worth - Young President's Organization
Second Place - Highest Return on Investment - Putnam Vocational High School Teachers
Third Place - Highest Return on Investment - Savage Arms