Published on: 24 May 2018
Year 11 Christ Church student James Pike has good reason to celebrate after participating in the ASX’s Sharemarket Game and claiming second in the state.
Students participating in the game receive a virtual $50,000 they can invest over a 10-week period, in 220 companies listed on the ASX.
“My tactic was to look at the graphs and purchase shares in companies that had lost a lot of money in the opening days of the game. I didn’t trade much beyond that first week so I guess I got lucky with the shares I bought,” says James.
James’ investment decisions in JP Investments saw his portfolio rise beyond $57,500 in share value as from last week when the game concluded.
“The prices students buy and sell at are the same prices as they would get in the live market so this is as close to real life share trading as you can get. Students get the chance to apply their Economic theory learnt in class and apply it to a real-life scenario,” said Economics and Humanities Teacher, Andy Greig.
“In the opening days of the game we explored the volatility of the sharemarket and some of the biggest falls in ASX history.”
The ASX’s Sharemarket Game is one of many external competitions offered to students at Christ Church studying Investing and Enterprise in Year 10 as well as Economics in Year 11.