Loveland students win big in The Stock Market Game
Posted Thursday, January 17, 2013
They were given a virtual $100,000 and a team assignment: create an online portfolio that wins. Loveland High School (LHS) students took the first-place trophy Thursday, Jan. 10, over Kings High School in The Stock Market Game™ Crosstown Competition set up by the Economics Center at the University of Cincinnati (UC), who manages The Stock Market Game for Ohio.
“Participating in The Stock Market Game brings a level of enrichment to our economics course that is hard to beat,” said Chuck Warden, LHS economics teacher. “The students get an opportunity to engage the financial markets in an authentic way and that adds value to their learning. Competing against other schools and teams in our region only adds to the fun."
The Economics Center presented the Crosstown Rivalry Trophy to Mr. Warden’s class just days after making a stop at Nancy Glasgow’s fifth grade class at Loveland Intermediate School (LIS). Two of Glasgow’s students, Erin Hasenoehrl and Emma Eichelbacher, formed a team that claimed second place for their age group. The young investors traded an earned pizza party for a donation to the LIS Sandwich Team, a group that meets regularly to make sandwiches to deliver to people in need.
“I’m doubly proud of these two students – first for placing second in the regional competition, and second for making the selfless decision to donate the pizza party money,” said Glasgow.
“It feels good,” said Eichelbacher, who Casey Woodruff of the Economics Center surprised – along with Hasenoehrl - with a personal cash prize. “I’m probably going to put that money in the bank.”
The fall game was the first time for the high school Crosstown Competition, and the rivalry between Loveland and Kings will continue this spring. If Loveland students are not able to withhold their first-place standing, they will have to pass the winning trophy over to Kings.
Students who participate in The Stock Market Game program get the chance to learn economic and financial concepts by striving to create the best-performing portfolio using a live trading simulation that mirrors the NYSE.
Chuck Warden’s high school team has been invited to present their winning portfolio at the 4th Annual Stock Market Game Portfolio Challenge on May 10. Winning teams from the fall and spring games will compete for a chance to visit New York City and present their portfolio to real-world investment firms such as Goldman Sachs, a trip sponsored each year by Ohio National Financial Services.
LIS photo caption: (L to R) Casey Woodruff, Economic Center; Erin Hasenoehrl, LIS student; Emma Eichelbacher, LIS student
LHS Photo caption: Winning team from LHS