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Let a WHS student help you make money

Contributed by: Julie Sigmund on 12/4/2007

On Nov. 8, Julie Sigmund's personal finance class attended the Junior Achievement Stock Market Challenge sponsored by the Allstate Foundation.

The event is a mock version of the high-paced & high-energy New York Stock Exchange and there isn't much difference.

The students read, review and analyze the ticker-tapes, press releases and hot tips for the day and determine what stocks they as a team want to buy and sell. Oh, by the way, they have to do this in less than 1 minute because one day lasted one minute. This event consisted two 30-minutes periods, ONE minute is an entire day. 60 days in 60 minutes! Talk about thinking quickly on your feet and making flash fast decisions. AND, each team from West High School made money on their decisions!

Hector Cervantes lead his team to a very profitable victory. Hector and his teammates started with $500,000 and ended the 60-day frenzy with $1,070,717.50! A growth of 114.14% Of the 54 teams who participated, Hector's team came in 6th place. Each West High team were winners because each team ended the day with a more than they started with....which is the name of the game!

Leonel Flores, a WHS Senior, stated "It was fun. I've seen it [NYSE] on TV, but [as he chuckles and sighs] it was really fast!"

The class would also like to thank Junior Achievement and the Allstate Foundation for this wonderful opportunity! See you next year!

About Junior Achievement
Junior Achievement relies on the success of business professionals to inspire students to reach their full potential. Junior Achievement's K-12 business and economic curriculum comes to life when volunteers from the business community lead students through the innovative, hands-on lesson plans. Volunteers act as invaluable role models for students and provide relevance to what students learn; showing students the link between education and future opportunity. During the 2006-07 school year, Junior Achievement's proven programs will reach 88,000 young people in 525 schools in Denver and Northern Colorado, and will be taught by 3,000 volunteers. Share your success and inspire kids to reach their full potential. For more information, visit www.jacolorado.org or call (303) 534-JAJA.

About The Allstate Foundation
The Allstate Foundation is an independent, charitable organization made possible by the Allstate Corporation. Allstate and The Allstate Foundation sponsor community initiatives to promote "safe and vital communities"; "tolerance, inclusion, and diversity"; and "economic empowerment". The Allstate Foundation believes in the financial potential of every individual and in helping America's families achieve their American dream.


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CONTRIBUTOR INFORMATION

Julie Sigmund

Denver , CO

Julie Sigmund has posted 12 stories and 2 comments since joining on 4/26/2006. Julie Sigmund 's average story rating is 5.
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