Press release from SIMFA:
SIFMA and the SIFMA Foundation today congratulated a team of students from Clyde A. Erwin High School, in Asheville, N.C., on placing eighth in the national 10th annual SIFMA Foundation Stock Market Game™ – “Capitol Hill Challenge” (CHC). The team, as part of the Top 10 ranking teams, will be recognized at an Awards Reception in Washington, DC on June 19th.
Students from CA Erwin High School produced a portfolio value of $161,363.78 and a return of over 52 percent. Participating team members include: Marissa Imel, Angela McLean, Alitselenne Moreno, Hannah Rigsby and Sam Shipley. They were instructed by Mary Richards and represented Representative Virginia Foxx (R) during this year’s Challenge.
This 14-week competition among teams of high school students organized by Congressional district and state is a special version of the Stock Market Game™ where the student teams invest a hypothetical $100,000 in listed stocks, bonds, and mutual funds while simultaneously learning the value of saving and investing as they work together to maximize the return of their portfolio.
“SIFMA congratulates CA Erwin High School for placing eighth in the SIFMA Foundation’s 2013 Stock Market Game™ – ‘Capitol Hill Challenge,’” said Kenneth E. Bentsen, Jr., President of SIFMA. “CHC is designed to enhance student’s financial literacy while simultaneously promoting a better understanding of our government, and Marissa, Angela, Alitselenne, Hannah and Sam have truly excelled in all aspects of the program. Congratulations again on a job well done.”
The competition uses the curriculum-based Stock Market Game™, a program of the SIFMA Foundation, to help students develop a better understanding of the global economy, strengthen their personal financial skills and improve their knowledge of math, economics and business.
Since the Capitol Hill Challenge began in 2004, nearly 1,700 Representatives and Senators have engaged in this special version of the Stock Market Game™ Program with more than 45,000 students from schools across the country. High school students from all 50 states are participating in this year’s competition.
To view the final rankings from this year’s participating schools, visit the SIFMA Foundation’s website: http://www.sifma.org/chc.
About SIFMA Foundation’s Stock Market Game
SIFMA Foundation’s Stock Market Game is a curriculum-based program where student teams in grades 4-12 learn about the global marketplace and long-term saving and investing fundamentals by using a hypothetical brokerage account. The program serves 25,000 teachers and 600,000 students annually. Teachers receive grade-level specific curriculum guides, lesson plans and newsletters to incorporate the program into their core mathematics, social studies, business, economics and language arts programs. For more on the Stock Market Game please visit: http://www.stockmarketgame.org.
About the SIFMA Foundation for Investor Education
The SIFMA Foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds. Drawing on the support and expertise of the financial industry, the SIFMA Foundation provides financial education programs and tools that strengthen economic opportunities across communities and increase individuals’ access to the benefits of the global marketplace. Notable Foundation programs include the Stock Market Game, which has served more than 14 million students since it began in 1977, the InvestWrite national essay competition, and the Capitol Hill Challenge. For more information on the work of the SIFMA Foundation, visit http://www.sifma.org/foundation.
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.