June 16, 2009

High School Students Are on Campus to Learn About the Stock Market

Thirty-eight students from across the country are on campus this week to learn about the bulls and the bears. With the news full of the economic ups and downs of Wall Street, more students than ever have come from states other than Texas this year.

Each summer for the past six years, the LKCM Center for Financial Studies invites high school seniors to campus to learn about the stock market, with college credit if they decide to attend TCU. What began with area students has grown this year to include students from California, New Mexico, Missouri, Nebraska, Arizona, Oklahoma, Florida, Arkansas, and, of course, Texas.

The High School Investor Challenge begins with a one-week summer course on campus.  Students live in the TCU residence halls and participate in a curriculum that includes accounting, economic business cycles, time value of money, risk, return, diversification and stock analysis. They also take in a Rangers game and enjoy other activities after classes. After returning home, each student manages a $100,000 virtual portfolio throughout his/her senior year. In the spring, the students return to TCU to present their results.

"The students enjoy being on campus. They like the academic experience, interacting with faculty and staff, and being treated as adults," said Barbara Wood, director of the program and a professor of finance. "Many choose to come to TCU, but even if they don't they all spread the word about TCU and the Neeley School."

The students spend a half day at the Fidelity Investments campus in Westlake and learn how to use the vast research capabilities on the Fidelity website.

Fidelity Investments' Regional General Manager Fran Eichorst says:  "We are proud the sponsor the program and TCU's Neeley School of Business. Learning about investing helps these students take their first steps toward achieving financial knowledge to make informed decisions in the future."