BY LEXIE CRUZ
Humza Ali won first place in the Personal Finance class’s stock market competition. Participants select companies to invest in and compete with their classmates and students from throughout New Jersey to see who can make the most money through their simulated investments.
Ali won first place for the fall competition, making an income of about 130k by “investing” in stock from Amazon, Apple, Samsung, Walmart, Yahoo, Versace, Gucci, Microsoft and NVIDIA. ‘’I think my NVIDIA stock did the best. The reason being is the company released a series of graphics cards in October and the stock had this crazy jump and increased in value by a lot,” said Ali, who received a medal, a t-shirt, a banner and a certificate as his rewards.
Benjamin Hayon and Michelle Aluko made it to the top 50 in the competition. “The stock of mine that did the best was Nike,” said Hayon. Aluko chose Apple, Amazon, Disney, Google, Hershey, Meta, Microsoft, PepsiCo, P&G, and Tesla as her stocks.
Students who participated in the competition enjoyed it and now find the world of finance interesting, “I liked being able to choose my own stocks and see if they did well or not,” said Aluko.
Lessons learned in the stock market competition prepare students for the future and apply to life outside of finance and business. “The stock market is a diverse thing, it can be applied to most if not all parts of your life,” said Ali. “The majority of your adulthood will rely on your ability to calmly think and act, similar to the stock market where you think about what companies to invest in and what not to invest in.”
Of course, students can benefit from the competition by applying what they learned to real-life investments. “If I ever want to make an investment portfolio, I will apply what I learned from the game,” said Aluko.
Congratulations to Ali, and good luck to everyone who will take part in the spring competition.
Posted on 4/10/24
Photos by Katelyn Buchalter
Knight Life 