Burlington High School students win Vermont Stock Market Game

first_imgA team of Burlington High School students earned more than $19,000 in ten weeks playing the Stock Market Game run by the Vermont Council on Economic Education (VCEE).Today, two Burlington students ‘ Felix Keydel and Mien Chau ‘ were announced as the official winners in the high school division of the Game and were recognized at an awards ceremony at the school at 1:30 pm.More than 400 Vermont high school students from 14 high schools and 230 elementary and middle school students from 15 schools participated in the fall 2010 Stock Market Game competition. Between October 4 and December 10, the winning students from Burlington High School turned an initial investment of $100,000 into $119,739. The 19 percent return on investment was more than double the Standard and Poor’s 500 average stock market gain.‘Any activity that gets a student watching the news, learning about the issues our leaders are facing, and generates conversation with their parents is great,’ said David Lamberti, a BHS economics teachers and the coach of the winning BHS team. ‘The SMG does all of that and it provides a great lesson in saving, diversifying, and protecting your wealth.The Stock Market Game, coordinated in Vermont by the Vermont Council on Economic Education, is an on-line teaching tool, which aims to educate Vermont students about personal finance at an early age so they are prepared to make smarter financial decisions and are less likely to have debt in the future.‘The Stock Market Game is one of many opportunities that Vermont teachers at all grade levels are using to teach their students about economic reasoning and financial literacy,’ said Art Woolf, executive director of VCEE. ‘The game, while played for only a few months, teaches students the value of long-term investing and how to balance long term gains with short term risk.’The Vermont Council on Economic Education (VCEE) is a nonprofit corporation dedicated to promoting economic education and literacy to Vermont students by providing economic instruction and resource materials to Vermont teachers at all grade levels in public and private schools. The Stock Market Game is a national game organized and run by the Securities Industry and Financial Markets Association Foundation. For more information about VCEE or about upcoming training sessions, contact Art Woolf at vcee@uvm.com(link sends e-mail).Source: VCEE. Wednesday, December 15, 2010’Burlington, Vermont ‘last_img

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