A team of four students from Tadcaster Grammar School has reached the regional final in a national investment competition.
Team JARS, who were competing against more than 40,000 other students across the UK in the ifs Student Investor Challenge, made nearly £19,000 trading in virtual shares in just three months, outperforming the FTSE 100 share index in the process.
Rod McKee, Vice Principal of ifs (Institute of Financial Services) said: “This competition gives students the opportunity to gain first-hand experience of making investment decisions, which will benefit them throughout their lives when making financial choices.
“It also introduces them to core concepts such as risk, reward and diversification.
“This is a real achievement and many congratulations go to the team from Tadcaster.”
The Tadcaster team will now represent their school at the Scotland, Northern Ireland and North England regional final, to be held in Leeds on March 20.
If successful at this stage, they will have the chance of making it through to the national final in April where an all expenses paid educational trip to New York and £2,000 for their school is up for grabs.
The free to enter competition, run by ifs School of Finance and supported by Bloomberg, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 companies.
The competition gives teams of four students aged between 14 to 19 years the opportunity to experience the dynamic world of share dealing and investing in the stock market.
Now in its 20th year, the competition is the largest of its kind in the UK and is also open international students.
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Wednesday 19 June 2013
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