Sixth Formers Currently Sitting Seventh In Global Investment Competition
02 Dec
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Six Lower Sixth students are currently sitting in seventh place in the Wharton Global High School Investment Competition. The prestigious competition, run by the Wharton School of the University of Pennsylvania runs annually, attracting teams from around the world. Last year 1,300 teams took part from 64 countries.
Starting with a virtual client and $100,000 cash, students are tasked with working collaboratively to meet the client’s long-term investment goals. Using the Wharton Investment Simulator and working with a defined list of equities, over the course of ten weeks, the students seek to grow their portfolios. At the end of the competition the boys have to submit a final report where they explain their investment choices.
The leading Princethorpe team, the Red Hot Chilli Peppers, have been following a cautious strategy, and it has been paying dividends, now five weeks in, their portfolio is worth over $117,000. The boys have chosen to stay away from stocks likely to be impacted by the current global turmoil and built a balanced portfolio with a range of smaller investments. They have also looked to invest in stocks that are sitting at a low point in their cycle. In a bear market, their strategy seems to be working.
Jacob Comerford, Guy Dawkins, William Harrison, Adam Ledbrook, Adam Lewis and Oscar Low are taking part in the competition as part of their Sixth Form enrichment activities, every Friday afternoon, and they are learning finance skills that will last them a lifetime.