Area Students Take Part in Stock Market Competition in Springfield
SPRINGFIELD, Mass. (WGGB) – Getting a head start in the business world. Thursday, Junior Achievement of Western Mass. hosted the largest single-day student stock market event in the country.
The MassMutual Center was transformed into the New York Stock Exchange and students from 28 different schools crowded the floor.
In total, there were over 800 young investors, from 12 years of age to high school students.
Each had come with knowledge of the stock market they learned in the classroom, but Thursday was the real deal.
“I’m pretty stressed,” says Adam Maciaszek, student at Holyoke Catholic School.
Stressed or not, each student was confident and ready to go.
“You have to dress for success for the job you want, right?” says Longmeadow High School Senior, Bo Sjoberg.
The money, of course, isn’t real, but each team was given a $1 million to invest in over 50 stocks and each team had their own strategy.
“Buy low, sell high,” says Lindsay Raucher of Northampton.
Deanna Gordon explains: “Play it safe until the last moment and just draw all my money out when I feel it’s the right time.”
The whole process moves very quickly.
“Within a minute, the teams have to make a decision, watch the news go across the screen, decide on a stock and make the trade,” says Junior Achievement President Jennifer Connolly.
A team from Putnam High School had the highest net-worth at the end of the day, so they took home the trophy.
In reality, though, all students today win the grand prize – taking home life lessons to use in the future.