In the challenge, each team starts with a fictitious $1 million to invest. This is the first year any student team has exceeded the $3 million mark and just over $24,000 separated third-place Northampton High from the first place team from Minnechaug Regional High School in Wilbraham.
SPRINGFIELD - Team Golden Stocks from Minnechaug Regional High School took first place and Team Goon Squad from Northampton High School took third place in the ninth annual Junior Achievement Stock Market Competition, hosted by title sponsor St. Germain Investment Management and event sponsor MassMutual.
“As a teacher, as an educator and as a former business person, I am beyond proud. We competed against 154 student teams, and we brought our ‘A’ game!” noted Michael Scanlon, business teacher at Minnechaug Regional.
“They worked hard, made quick decisions, and worked well as a team. This was a wonderful event for all my students, regardless of how well they performed,” noted Randy Gordon, business teacher at Northampton High.
Each team received a large trophy donated by Dinn Brothers.
Student teams competed to amass the highest net-worth by the end of the 60-day investment period, where each day was only a minute long. Just like in a real trading day, the student teams had access to tips and news that impacted the market and influenced whether they should buy or sell.
In the challenge, each team starts with a fictitious $1 million to invest. This is the first year any student team has exceeded the $3 million mark and just over $24,000 separated third-place Northampton High from the first place team from Minnechaug Regional High School in Wilbraham.
Team Golden Stocks had a 259-percent return on investment, amassing a portfolio exceeding $3.59 million! Jacob Trevallion, Ryan Gasteyer and Patrick Golden, of the winning team, stated, “The stock market challenge was a true learning experience for us as business students. We learned a lot from this event and hope to put that knowledge to use later in our lives.”
Team Goon Squad had a 235-percent return on investment, amassing a portfolio exceeding $3.35 million.
“We had a lot of fun, learned many things, and were glad to be able to compete,” said Missie Maiewski, a member of Team Goon Squad.
The five teams from Northampton High School which competed were sponsored by Easthampton Savings Bank and Florence Savings Bank.