Financial wizards in business competition success
A team of financially-fluent students from The Radclyffe School have enjoyed success in a national investment competition.
The Student Investor Challenge is organised by the Institute of Financial Services. The four Year 10 students, Ben Thornton, Isabella Schiavo, Louis Smallwood and Luke Summersgill, got to invest £100,000 of virtual money in Stock Exchange companies, then read and forecast market information over three months to the end of January, judging when to buy and sell shares to maximise their profit.
To qualify for the Birmingham event the team, ‘Oldham’s Den’, earned a 9.4% return and finished 87th from over 9000 teams. Over the three months this was a far stronger performance than the FTSE100 index itself.
At the Regional Final the students were tested on their knowledge of finance and investment, including important current news stories. The team finished a creditable 11th from 20 others, many of which were Sixth Form students.
Enterprise Co-ordinator at The Radclyffe School, Lisa Croft said, “The team did really well, both in the investment challenge and in showing their finance and business knowledge. They should be very proud of their achievement.”
“The Student Investor Challenge is a realistic and entertaining way for students to learn about the world of finance. Our students could have a successful future in business.”