Students make £9,000 killing on the stock market
PUBLISHED: 06:59 10 February 2016 | UPDATED: 09:18 12 February 2016
Virtual profit sees Colyton Grammar School team through to semi finals of the Student Investor Challenge
A team of students from Colyton Grammar School has outperformed the stock market to win a place in the semi-finals of a national investment competition.
Up against 10,000 other teams of four from across the UK, the ‘Stock Cubes’ team secured their place in the ifs Student Investor Challenge, after making a virtual £9,000 during a three-month period of online trading.
The team – all sixth form students in year 12 - will now go on to represent their school in the next phase of the challenge, where they will be awarded points for accurately predicting the closing price of certain assets on a weekly basis, testing a whole new skillset.
If successful, they will have the chance of making it through to the national final in April, where an all-expenses paid educational trip to New York and £2,000 awaits the eventual winners.
The ifs Student Investor Challenge, run by financial education charity ifs University College, is the UK’s largest investment competition for schools in the UK.
Free to enter, the competition provides teams with two virtual investment portfolios of £100,000 where they are challenged to make both short-term and strategic trades.
Nicola Rew, head of business studies at Colyton, said: “Congratulations to Jonny Surtees and his team who worked effectively together. Four other Colyton teams have also made it through to the same semi-finals. A fantastic achievement.”
Alison Pask, vice principal at ifs University College, said: “After only three months of trading, the team from Colyton Grammar School has already demonstrated their abilities to understand and navigate the complex world of stock market investing.”
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