NEW ROCHELLE, N. Y. -- Four students at Isaac E. Young Middle School in New Rochelle finished first in a field of 183 investment teams in the an online Stock Market Game that had them buying and selling stock in a simulated learning exercise.
The Isaac Young middle school team, made up of seventh-graders Rafeal Dilone and Karina Soto, and eighth-grader Kiara Soto and sixth-grader River Sampson, will compete later this year in the 2016 national Capital Hill Challenge, school officials said. The team is in the top five of 1,775 middle school and high school teams in the Westchester and Lower Hudson Valley area.
The Stock Market Game, sponsored by the Securities Industry and Financial Markets Association (SIFMA), involved having the team invest a mock $100,000. The group had an overall 25 percent return in their investments during the 12-week trading period from October to December.
"The Stock Market Game provides our students an opportunity to apply the skills they learn in the classroom to real world situations," said Calvin Heyward, a sixth-grade math teacher and club advisor for the school's Stock Market Club.
From here, the group goes to compete in the 2016 Capitol Hill Challenge where their investment strategies will be tested against teams from around the country. The top ten teams in the national competition will be invited to Washington D.C. for a presentation ceremony hosted by the winning teams' respective Senators and Congressional representatives, officials said.
"The SMG (Stock Market Game) applies the skills embedded in rigorous math standards and the standards of mathematical practice," said Nicolle L. Haynes-Crocker, math/technology department chair at Isaac Young. "It also provides students with a broader understanding about investing versus saving, long term."
The SIFMA Foundation's Stock Market Game program is an online simulation of the global capital markets that engages students in grades 4-12 in the world of economics, investing and personal finance. More than 600,000 students take part every school year across all 50 states.
The Stock Market Game has reached 15 million students since its inception in 1977.
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