Mohawk students learn the art of buying, selling stock
December 27, 2012 1:58PM
Mohawk Intermediate Center students (from left) Terron Webb, Sincere Bailey, Khalil Jefferson and Brian Ridger invested in Starbucks and Chipolte Restaurants during the Stock Market Game. | Supplied Photo
Updated: January 31, 2013 6:21AM
Mohawk Intermediate Center fifth-grader Khalia Smith is an avid viewer of the reality investment program “Shark Tank.”
She said the show’s business tips helped her team make good decisions on stock buys.
“I love the ‘Shark Tank,’” Smith said. “I record it and watch it with my parents.”
Smith and classmates Anyah Bennett, Caryn Blair and Camara Thomas were members of one of the seven teams in Danielle Gladstone’s honors class who recently played the Illinois Capitol 2012 Stock Market Game.
The Stock Market Game asked students to invest a hypothetical $100,000 in an online portfolio. Students then worked in teams to research stocks, decide what to buy, track the stock and hold it or sell it based on its activity.
Each team had a banker, researcher, statistician and numbers cruncher. At least 100 shares of a stock had to be purchased.
The students checked their online portfolios daily and kept graphs that charted their stock’s performance. The teams also kept a log of each stock’s purchase and sale prices.
“My mom loves Starbucks coffee, so I thought that was a good stock to consider,” said Khalil Jefferson. “I also thought that Apple might be a good stock when I saw the iPod that a friend of mine has.
“We look at stocks of things that we encounter. We are focusing on growth and trying to buy low and sell high.”
Brian Ridger, Khalil’s teammate, said the team looked at a stock that was doing well, discussed it and then voted whether to buy it.
“If we all don’t agree on the stock, we don’t buy it,” Ridger said.
Fellow team member Terron Webb, who was the statistician and charted each stock’s growth, said the team did math the old-fashioned way.
“We don’t use a calculator when we are making calculations,” Webb said.
Smith said she and her team didn’t start out well, but their research work improved and they jumped from a bottom ranking to first place just after Thanksgiving.
“We lost more than $102,000,” she said. “I’m not ashamed. Now we know how to buy.”
Provided to the SouthtownStar