How would you invest $500,000?
Nine Archbishop Williams High School seniors had a chance to find out when they attended a Stock Market simulation at State Street Bank in Boston. Competing with 20 teams from eastern Massachusetts high schools, they learned how and when to buy, sell, and hold stocks to maximize their return on investment.
“I thought the trip was a lot of fun!” said Samantha Zanghi. “I learned how hectic it really gets on the trading floor and how stocks can change drastically in a matter of minutes.”
“It was really cool to see how it all works,” said Chelsea Taxter. “We worked with our team of five, looking at a bunch of different electronic boards on the walls to figure out what stocks we were interested in. Since it was a simulation, the companies were fake - for instance a company like Amazon was called Jungle. Then we had to decide what was the best stock to buy or sell.”
Classmate Sam Hamer plans to study business at college, and he appreciated the insights into how the market works. “It was very exciting. We all had to work together with one of us looking at the information sheet about a stock, another following the stock on the board, and another calling over the broker to buy or sell.”
"They learn the whole process," said Ms. Joanne Adams, the students' Personal Finance class teacher who accompanied them on the trip. "They think about how they feel about a stock, do their research and strategize how to invest. They even waive down floor traders to place their orders like they would at a stock exchange. It's a great experience in real-time trading."
The AWHS teams, which took 5th and 10th place, included Brendan Foley, Paul Hedin, Sam Hamer, Jamie Herrick, Steven McCormack, Luigi Polizio, Chelsea Taxter, Shannon Woods, and Samantha Zanghi. Some of the other schools in attendance were Lowell High School, Milton High School, Newton North High School, North Quincy High School, Somerville High School, and Urban Science Academy.