MUSTANG — Real life economic woes are colliding with a high school class in entrepreneurship.
Students in Diane Cerny’s class are playing the Stock Market Game, a statewide competition to simulate investing in Wall Street markets.
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Teams of students are given $100,000 in hypothetical money to invest, with recognition given to those who end up making the most profit.
For many students, any profit would be a triumph. The Dow Jones Industrial Average sank 777 points on Monday, the biggest point drop since before these students were even born.
Jason Maynard and his teammate were down $1,374 on Wednesday, which is not bad, considering seven of eight companies they chose have sinking shares.
Still, Maynard said he’s staying faithful to eBay and a gaming company because "they are stuff I like and people will always go to them.”
Asked what he would do if he had $100,000 cash — real cash — to invest, Maynard said he might be more conservative, focusing on gold and oil assets.
After monitoring the Nasdaq, CNN and taking advice from his brother, Jake Williams invested his money into companies SandRidge Energy, Nike and Goldman Sachs.
But Williams passed on investing in his father’s employer — a fact he’d hoped to keep from his dad, who has a real stake in the technology company’s uncertain earnings.
Cerny said the students are taking the volatile market in stride and learning an important lesson: Not to panic, even amid speculation that the economy is tanking.
"They came in with a lot of questions and being teenagers, they were expecting one answer,” Cerny said.
"But nobody knows the correct answer.”
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Are they being taught that faith in our govt. and the dollar is the first step in sound investment. Without it, due to all the corruption that has destroyed our economy, you are wasting your time (and money).
More than 953 students at 29 schools are playing the Oklahoma Stock Market Game, monitoring their rankings via the Internet over 10 weeks. The game aims to teach fourth through 12th graders about economics, finance and the U.S. economy.
"It’s very important for our young people to have the knowledge to make educated decisions about the stock market and how to make their money work for them,” said Laurie Burt, who coordinates the game through the Oklahoma Council on Economic Education.
To learn more, go to www.econisok.org
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Leave a comment. Log in below or sign up (it's free).Editor's note: It is not our intent to offer comments on crime or fatality stories.