SD 163 junior stockbrokers rank third in state
April 25, 2013 2:00PM
Caryn Blair (from left), Anyah Bennett, Khalia Smith and Camara Thomas comprise the third-place team in the Illinois Capitol 2012 Stock Market Game. | Supplied photo
Updated: May 29, 2013 6:02AM
A fifth-grade team of honor students from Mohawk Intermediate Center in Park Forest-Chicago Heights School District 163 earned a third-place ranking in the Illinois Capitol 2012 Stock Market Game.
Caryn Blair, Anyah Bennett, Camara Thomas and Khalia Smith competed as the KCA team against 249 elementary and high school teams.
“The game helps students become financially literate. Initially, only high school students were eligible to play the Stock Market Game, but we expanded it to include elementary schools several years ago. This is the first year that students below the middle school level have ranked among the top three teams,” said Debbie Kermon, program director of the Stock Market Game.
Team KCA worked from October to December to increase its hypothetical stake of $100,000 to $113,304.
The team outperformed the S&P 500 by nearly 10 percent, according to teacher Danielle Gladstone.
Gladstone said the game provides an opportunity for students to invest their hypothetical funds in an online portfolio. The fifth-graders check their online portfolios daily and keep graphs that chart their stocks’ performance. The teams also keep a log of each stock’s purchase and sold prices.