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BCHS sophomore a top finisher in Stock Market Game

Filed in Archive, Student Spotlight by on December 31, 2020

Are you looking for an end-of-the-year stock pick to add to your portfolio? If so, you may want to get in touch with BCHS student Jack Newell real quick. That’s because the high school sophomore just outperformed the stock market by an eye-popping 43% with a virtual portfolio he managed as part of an investment competition known as the Stock Market Game.

Those gains led Newell to be named as one of New York’s top finishers in the SIFMA Foundation’s fall Stock Market Game, scoring ninth place of out more than 4,000 competitors statewide. Some of those competitors were teams of students. Newell competed as a team of one in the real-life investment simulation, with support from BC’s Stock Market Game adviser and teacher Jason Majewski.

In the Stock Market Game, students are challenged to develop a successful investment portfolio by investing a virtual $100,000. Newell’s portfolio grew from $100,000 in October to $152,660 in December, a 53% gain. Newell’s stock picks performed 43% better than the stock market did during the same period.

The competition is designed to build a fundamental understanding of investing while providing students with real-world skills and practice in math, English language arts, economics, social studies, and other subjects.

Newell pointed to luxury retailer Nordstrom as being one of his best stock picks despite some of the “fear and uncertainty” in the retail sector as a result of the pandemic. 

In addition to his financial analysis and robust stock performance, Newell was also required as part of the Stock Market Game to share his insights via video and describe what he had learned about investment analysis as part of the project.

“One of the things I learned was the importance of not letting your emotions get the best of you when investing and looking logically at a company’s fundamentals rather than trying to hop on the latest hot stock or panic selling whenever something goes red,” said Newell.

You can hear Jack Newell describe what he learned as part of this year’s Stock Market Game here:

Well done, Jack! We’ve got you on speed dial.

More information about the SIFMA Foundation Stock Market Game can be found here.