Business
Record day for Stock Market Challenge winning team
ALBANY, N.Y. (NEWS10) — The University at Albany campus welcomed hundreds of high school students Wednesday for the annual Junior Achievement Stock Challenge. This fast-paced event puts students in the shoes of day traders to learn about investing and how the financial world works.
Even though it was the New York Stock Exchange, UAlbany's Broadview Center was just as chaotic, intense and exciting. Nearly 400 students, from eight different schools, made up 99 teams on the trading floor.
“My mother wants me to start investing. I thought I would learn how to do it in this class,” said Shaker junior Heidi Bilger.
Reilly Laven, also a student at Shaker, added, “You want to watch the news and see what's happening good and bad. »
Students had a little help staying on top of the news with NEWS10 ABC's KC Kantz and Trishna Begam breaking headlines that impacted stock prices.
“It's part of the process, this immersive experience that really gets students excited and gives them a real-world feel for how it works,” said Chris Horne of Junior Achievement.
Difficult times led to some mistakes, but quick thinking allowed students to gain financial knowledge and independence.
“Just make a decision, go for it. If you second-guess yourself, it’s not going to go well,” Bilger said.
Chris Austen, business and finance teacher at Albany High School, said, “The teamwork, cooperation and critical thinking skills they use here are invaluable. »
The competition in the numbers game was fierce with the winning team, aptly named Stay Winnin' from Shaker High School, setting a record by declaring the highest ROI the competition has ever seen.
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