June 26, 2006

High School Students Learn to Buy and Sell Stocks

   

The 2006 High School Investor Challenge kicked off with a week on campus for 34 high school seniors from across Texas. The students learned investment strategy at the Neeley School, sponsored by the Luther King Capital Management Center for Financial Studies/ They lived on campus in the dorms, took in a Texas Ranger baseball game, had dinner at Joe T. Garcia's, enjoyed a movie night and participated in game tournaments.

Armed with their new-found investment knowledge, and with a hefty (virtual) portfolio of $1 million, each student will buy and trade stocks over the next year to see who manages his/her portfolio the best.

"It was a spectacular experience; I wish we could have this at school," said Andrew Tello of Katy. "We started out getting business knowledge, because, before you can sell stocks, you've got to be able to understand accounting and a balance sheet." Tello liked that the participants stayed together for the entire week, both in class and out. "I formed some close friendships."

The students spent five days living on campus and attending classes in the Neeley School to learn the ups and downs of managing a portfolio. They will stay in touch with their professors and mentors from the Educational Investment Fund via teleconference, then present essays in April explaining their investment strategies. Top performers will win scholarships to TCU.

Andrew Cole of Shavano Park said the week was very informative. "It will help my net worth increase. As soon as I get home I will be trading stocks."

For the first time, the High School Investors Challenge invited students from beyond the Metroplex. This year's class included high school seniors from Houston, San Antonio, Amarillo, Midland, Dallas, Fort Worth and all points in between, plus one student from Los Alamos, New Mexico.

Chelsea McAnally from Carrollton enjoyed the visit to Fidelity, and her new friend Lindsey Weddell of North Richland Hills thought the Business Game was the best part.

Tim Mehlman of Plano praised Dr. Ira Silver, associate professor of professional practice in managerial economics, as his favorite professor.

Michael Hughens of Fort Worth said his favorite part of the program was the presentation by the EIF students and the interaction with his EIF financial analyst. "I liked hearing them say what they looked for as far as their reasons for suggesting a particular stock. I'm interested in money and how it grows. I'm interested in making money!"

 

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Elaine Cole
Public Relations Manager
817-257-5724
e.cole@tcu.edu