Mangotsfield students outperform the stock market
Published on: 28 Feb 2016
A TEAM of four students from Mangotsfield School has outperformed the stock market and secured a place in the semi finals of a national investment competition.
Competing against 10,000 other teams from across the UK, the “Carter & Co” team secured their place in the ifs Student Investor Challenge, having made a virtual £7,000 in three months of online trading.
The sixth formers - Ethan Carter, Sam Brayley, Joe Thompson and Stephen Beese - are now in the next phase, where they will be awarded points for accurately predicting the closing price of certain assets on a weekly basis.
They are aiming for the national final in April where an all-expenses-paid educational trip to New York and £2,000 awaits the eventual winners.
The ifs Student Investor Challenge, run by financial education charity ifs University College, is the UK’s largest investment competition for schools in the UK. It provides teams with two virtual investment portfolios of £100,000 where they are challenged to make both short-term and strategic trades.
Jo Massey from Mangotsfield School said: “The challenge has created a great sense of healthy competition amongst the group and shown that the students have a real ability to work together and develop their own skills both within the realms of their finance course and the wider business environment. I am proud of what they have achieved.”
Alison Pask, vice principal at ifs University College, said: “After only three short months of trading, the team from Mangotsfield School has already demonstrated their abilities to understand and navigate the complex world of stock market investing.The competition will only become fiercer as a place in the national final beckons for those teams prepared to go the extra mile and hone their research, team working and communication skills even further.”
For more information about the ifs Student Investor Challenge, please visit: www.studentinvestor.org/