Business students reach final of share-trading contest (From Clacton and Frinton Gazette)
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Business students reach final of share-trading contest
5:00pm Friday 22nd February 2013 in News
FOUR students have reached the regional final of a share trading competition.
The Illegal Animal Experiments team from the Colne Community School, Brightlingsea, made £20,000 in virtual shares in just three months.
Competing against 40,000 students in the IFS Student Investor Challenge, the team also outperformed the FTSE 100 share index in the process.
They will now represent their school at the South East regional final, held in London on March 13 and if successful will make the national final in April where an all-expenses paid educational trip to New York and £2,000 for their school is up for grabs.
The free competition, in its 20th year, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 companies.
Rod McKee, vice principal of the IFS said: “This competition gives students the opportunity to gain first-hand experience of making investment decisions, which will benefit them throughout their lives when making financial choices.
“It also introduces them to core concepts such as risk, reward and diversification. This is a real achievement and many congratulations go to the team from Colne Community College.”
