Spring Stock Market Champion

Carissa Palladino holding paper trophy next to Mike Loomis The Spring 2019 Stock Market Game has come to a close with sophomore Carissa Palladino as the winner. Each semester in business teacher Mike Loomis’s financial literacy classes the students learn about investing through a virtual simulation. Each student is allocated $100,000 to invest in the market as they choose. Mr. Loomis explained, “Each student is required to spend at least $80,000 of their money and they must purchase a minimum of five different stocks or mutual funds. I encourage them to diversify their portfolio so that if one stock decreases in value, they do not lose it all.”

Carissa’s wise investment choices included Roku and Starbucks. Roku’s stock increased by 15.5% over the five-week game time frame in Carissa’s portfolio. Her Starbucks stocks went up 9.7%. “By having a diverse portfolio, Carissa was able to overcome the market’s uncertainty due to the tariffs being placed on goods from China. A lot of companies had reductions in their stock prices as a result of that,” Loomis said. Carissa finished the game overall with a 3.7% return.

Others who did well in the game included second place finisher sophomore Bobby Main and junior Makenzie Dutcher, the third place finisher. Bobby had a 2.4% gain on his investments and Makenzie earned a 1.5% rate of return. “Bobby’s selections of Activision Blizzard, EBay, and Walmart helped him out. He also didn’t make his investment picks until after the large drops from the effects of the tariffs. Whether he did this consciously, or not, he was able to buy when the market was low. Makenzie purchased Starbucks stock as one of hers, similar to Carissa. Though her selections were diverse, she had nearly 50% of her money in the one company,” Loomis said.

Each semester, the winner of the stock market simulation gets a cutout trophy and one copy is kept for a display in the classroom where FInancial Literacy is taught. Carissa joins Graham Newton for this year’s winners. Graham won in the fall semester.

ABOUT FINANCIAL LITERACY:

Financial Literacy is a half-credit class where students learn to manage their money habits, utilize a spending plan, manage checking accounts, and learn about building wealth through investing. They learn about the dangers of debt and identity theft. Additionally, they learn to save for an emergency fund, how to pay cash for a vehicle, and have zero or little debt for college.

Posted in High School.