Best of the Week 2021-2022: Teaching to the Future
EDSMEN GAIN REAL-WORLD EXPERIENCE THROUGH INVESTMENT CONTEST
St. Ed's Investment Club, under the leadership of Bob Schenosky, Director of Entrepreneurial Studies and Matt Harris, Business and Entrepreneurship teacher, hosted a school-wide Investment Contest for Edsmen to win cash prizes and gain real-world experience in investing. Running from Tuesday until mid-November, students participating in teams get the chance to trade a portfolio of virtual funds (up to $200,000) and execute both long and short trades, exposing them to the fluctuation of the stock market and understanding financial literacy. Although students currently taking Business and Economics classes will understand investing concepts, this contest provides a great opportunity for all students to be introduced to investing, how to understand what drives the stock market, and how to smartly practice long-term saving. "Given the short duration of the contest, it does offer a great starting point for further discussions with students about investing not only between teachers but also at home," says Mr. Schenosky. "Over the past couple of years, the number of my students who have opened investment accounts with their parents or guardians has expanded significantly. Interest in growing their money is a great lesson for all of our students to learn." "The stock market can be very intimidating to young people, but the only way to overcome that is to dive in headfirst and see how it would play out in real life with real stocks," says Mr. Harris. "I believe this is the most hands-on way to participate in the market without actual money being exchanged, as well as provide a way to see the process of buying and selling stock positions. This is going to be an exciting couple of weeks and this Investment Contest is the perfect opportunity to get our students prepared for the future."