{"id":21480,"date":"2013-05-10T15:10:59","date_gmt":"2013-05-10T19:10:59","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=21480"},"modified":"2024-07-29T11:50:50","modified_gmt":"2024-07-29T15:50:50","slug":"raider-country-students-master-market-in-statewide-challenge-visit-wright-state","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2013\/05\/10\/raider-country-students-master-market-in-statewide-challenge-visit-wright-state\/","title":{"rendered":"Raider Country students master market in statewide challenge, visit Wright State"},"content":{"rendered":"
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The first place team in the high school division was from Versailles High School. (L-R) Amy Carman, government\/economics teacher, students Brandon Groff and Megan Hemmelgarn, Wright State Finance Lecturer Matthew Ingram, Ph.D., and Wright State Director of the Center for Economic Education and Financial Literacy at the Raj Soin College of Business D. R. Fannin.<\/p><\/div>\n

How would you like a 14.3% growth in your retirement fund? Would you be willing to settle for 8.75%? That\u2019s exactly what some sharp students from Raider Country accomplished in the Ohio Stock Market Challenge (OSMC) this spring.<\/p>\n

Nearly 200 teams from across Ohio competed in the challenge. Teams of two to five students were given $100,000 in imaginary dollars to invest over a 10-week period.<\/p>\n

The team from Versailles finished first in the high school division with $114,327 in their portfolio. A team of students from Fort Loramie Elementary School grew their portfolio to $108,754 and won the middle school division. Cash prizes of $100, $75 and $50 were awarded to the top three teams in each division.<\/p>\n

The top three high school and middle school teams from the 15-county region served by the Center for Economic Education and Financial Literacy at the Raj Soin College of Business visited Wright State to learn more about the university and the stock market May 10.<\/p>\n

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Students from the top three teams in both the high school and middle school divisions visited Wright State to cap their Ohio Stock Market Challenge experience.<\/p><\/div>\n

“It is a good way to introduce middle and high school students to the stock market and to teach them how to grow wealth,” said D.R. Fannin, director of the center. “It is also a good way to give them a taste of the college experience.”<\/p>\n

Twenty-one students, parents and teachers took a tour of campus, met for lunch at the college and joined current Wright State finance students and faculty in the Trading Room for a question and answer session about their experiences.<\/p>\n

Brandon Groff and Megan Hemmelgarn of Versailles High School won their division because of a pharmaceutical stock that surged in value on the last day of the competition.<\/p>\n

\u201cIt was very interesting being exposed to the whole financial market,\u201d said Groff, a senior. \u201cWe learned how to research investments, make good investments and the pros and cons of the stock market\u2014how you can lose and gain big.\u201d<\/p>\n

\u201cThey gained a much better understanding for what the stock market is, what it represents and how it could affect their personal finances in the future, whether it be in investing, retirement funds or college savings,\u201d said Amy Carman, government\/economics teacher at Versailles High School.<\/p>\n

Wright State\u2019s finance students participate in a similar exercise as the challenge each semester in the Real Money class\u2014an undergraduate course where students invest funds from the university endowment using investing principles they\u2019ve learned in the classroom.<\/p>\n

\u201cI was really impressed because they didn\u2019t just throw a dart at the wall when they made their picks,\u201d said Jonathon Mahilo, a recent grad who earned his degree in finance. \u201cA lot of them stuck with the products they knew, that they were familiar with. And that\u2019s a sound strategy. Invest in what you know.\u201d<\/p>\n

Supporting the challenge and other events is one of many ways the Center for Economic Education and Financial Literacy serves as a catalyst for teaching the basics of economics and finance throughout the region.<\/p>\n

With a litany of continuing education opportunities for area teachers throughout the year and in-person curriculum demonstrations in schools across the greater Dayton area, the center is fulfilling its mission to educate teachers on how to teach financial literacy and economics to kids in grades PreK\u201312.<\/p>\n

\u201cWe\u2019ve been offering professional development to teachers for years,\u201d said Fannin.<\/p>\n

Fannin said courses have been offered online since 1997. In 2006, Ohio passed legislation emphasizing personal finance. Since then it\u2019s also become a staple of instruction.<\/p>\n

\u201cWe emphasize learning about credit a lot now, but more than anything we\u2019re trying to pass along engaging ideas and resources that teachers can take back to the classroom and use today,\u201d said Fannin.<\/p>\n

 <\/p>\n

Award Recipients<\/strong><\/p>\n

 <\/p>\n

High School Division<\/em><\/p>\n

 <\/p>\n

Versailles High School<\/strong><\/p>\n

$114,327 Portfolio Value<\/p>\n

Advisor: Amy Carman<\/p>\n

Students: Brandon Groff, Megan Hemmelgarn<\/p>\n

 <\/p>\n

Dayton Regional STEM School<\/strong><\/p>\n

$114,210 Portfolio Value<\/p>\n

Advisor: Arch Grieve<\/p>\n

Students: Sharde Scott-Manning, Ryan Truesdell, Killian Macnish, Tim Brown<\/p>\n

 <\/p>\n

Greenon High School<\/strong><\/p>\n

$110,003 Portfolio Value<\/p>\n

Advisor: Sherrie Smith<\/p>\n

Students: Samantha Barnette, Brock Gnau, Dustin McReynolds, Madelyne Watkins, Cody Tankersley<\/p>\n

 <\/p>\n

Middle School Division<\/em><\/p>\n

 <\/p>\n

Fort Loramie Elementary School<\/strong><\/p>\n

$108,754 Portfolio Value<\/p>\n

Advisor: Bran Turner<\/p>\n

Students: Dana Rose, Adam Siegel, Austin Bollheimer<\/p>\n

 <\/p>\n

Fort Loramie Elementary School<\/strong><\/p>\n

$108,472 Portfolio Value<\/p>\n

Advisor: Brad Turner<\/p>\n

Students: Trevor Middendorf, Hannah Raterman, Danielle, Eilerman<\/p>\n

 <\/p>\n

Five Points Elementary School<\/strong><\/p>\n

$108,426 Portfolio Value<\/p>\n

Advisor: Courtney Hurley<\/p>\n

Students: Hope Deckman, Sydeny Khosla, Raegan Truscott<\/p>\n","protected":false},"excerpt":{"rendered":"

How would you like a 14.3% growth in your retirement fund? Would you be willing to settle for 8.75%? That\u2019s exactly what some sharp students from Raider Country… Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":21491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[722,729,748,4906,725,715,719],"tags":[],"class_list":["post-21480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academics","category-around-campus","category-business","category-finance-accountancy-management-information-systems-and-economics","category-home-news-sidebar","category-news","category-special-categories"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/21480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=21480"}],"version-history":[{"count":24,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/21480\/revisions"}],"predecessor-version":[{"id":152269,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/21480\/revisions\/152269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/21491"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=21480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=21480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=21480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}