Three students from The Academy and their teacher were honored this month for placing first in the region and third in the state in a battle to earn the most in a stock market simulation.
Billy Bailey, 16, Logan Doss, 17, and Dale Allen, 15, spent the spring semester researching big name companies, making investment decisions and creating a portfolio.
With guidance from their math teacher, Lee McIntosh, the students invested $100,000 of imaginary money in real-life stocks and mutual funds. They watched the stock market fluctuate from day-to-day, and saw their earnings do the same.
“You can’t spend it all, but you’ve got to spend a little to get a little,” Bailey said. “You have to be careful with it and research what you’re putting your money into so you don’t throw it away.”
McIntosh commended the team for performing so well, especially because they had to take over the portfolio of some other students who left the program.
“It shows anyone that they can do it,” Doss said of bringing their classmates portfolio from the red into the black.
The team made $2,159 in profits, earning them certificates, T-shirts and a school trophy. They also landed a trip to a banquet in Louisville at the Pendennis Club for their performance, hosted by the Federal Reserve Bank of St. Louis’ Louisville branch.
The county’s alternative school was among more than 6,749 students and 216 teachers who participated in investment education competitions hosted by the Kentucky Council on Economic Education and sponsored statewide by Hilliard Lyons and Republic Bank.
These competitions involve an interactive program and internet simulation for students in grades 4-12 to learn about investing, finance, and the American economic system.
Teachers are provided with educational resources to teach students about risk and reward, the stock market, and other economic terms. Students get real-world experience with math, reading, writing, research and technology skills.
The students from The Academy said that’s what motivated them to succeed – along with the competitive nature of the stock market and statewide competition.
“I think I understand more about how to invest your money and budget,” said Doss, who added that his teammates also got a chance to practice their etiquette skills at the awards banquet.