AND THE WINNERS ARE
Beginner's Carley and Sophia $107,871.43
Advanced Jarod and Jacob $118,347.94
CONGRATULATIONS!!
WEEK IN REVIEW
Wall Street closed the month of April with strong returns for each major index. Nasdaq gained 12.3%, S&P gained 9.4% and Dow rose 7.3% University of Michigan's sentiment index increased. Optimism may be short lived, however, as release of the Fed's "stress tests"--how big banks would fair if the ecoonmy worsend, has been delayed until the end of next week, To finish up the session read "Driving with Stocks and Bonds" in Publications.
Have a great summer!!
Jarod Riedl Wins Investwrite
Tuesday, March 3rd at the New Milford Library.
The Award Ceremony at New Milford Public Library for Jarod Riedl. Looking on proudly, is Jarod’s father, Frank Riedl. Jarod won first place for his essay in the Connecticut Investwrite Competition, a part of the stock market game, which is sponsored by the SIFMA Foundation for Investor Education. Presenting the award is Elizabeth Reidel, New England Regional Director for Investor Education.
We have four Investwrite Entries for this session, Howard, Carly, Sophie and Isabelle. GOOD LUCK!!
This is the last week for investing.
PIZZA PARTY AND AWARDS
MONDAY, MAY 4TH 3:30 PM
WEEK IN REVIEW
Connecticut Stock Market Game
From: Elizabeth Reidel
New England Regional Director
Foundation for Investor Education
Date: 04/24/2009
Subject: SMG Week in Review
Dear Teachers and SMG Participants:
Somewhere in the great beyond, old Henry is smiling. While bankruptcy looms for sister companies General Motors
(GM) and Chrysler, Ford’s report this morning of lower-than-expected
losses had investors shooting the stock uphill like a 400 horsepower
Mustang. At the time of this writing, Ford (F) shares were up more than
15 percent.
Why all the happiness about a $3.7 billion loss? Ford CEO Alan Mulally told reporters that the company is “turning the tide
in North America,” and also announced that the company plans to
increase production by 25 percent this summer to meet demand – all
without a government bailout. Those are good signs for the bulls with
respect to both Ford and the broader economy.
In other news, FDIC Chair, Sheila Bair, told a financial reform conference in Washington, DC yesterday that US banks are past the crisis stage, adding, “We’re in the cleanup stage now.” Also in Washington yesterday at the meeting of the G20, US Treasury Secretary Timothy Geithner said that the global economic downturn is easing but significant risks remain.
Elsewhere in the nation’s capital, the Commerce Department
reported that new home prices fell .06 percent, but the new home
inventory also fell. Falling home
inventories are a signal to some investors that home prices may be
nearing a bottom as buyers clear out the number of available homes for
sale. All this not-so-bad news sent the Dow, S&P 500 and the Nasdaq Composite indexes higher this morning. On to this week’s topic: Compound interest and the rule of 72.
While teaching about investing and our capital markets is one
component of the Stock Market Game, another is teaching students how to
accumulate money to invest with – otherwise known as saving. One of the
best ways to save is to put your money in an interest bearing account
at an FDIC insured bank.
The rule of 72 tells us that if you divide the number 72 by your
interest rate you’ll get the number of years it will take you to double
your money. For example, if you are earning 4 percent interest in a
bank account, you divide 72 by 4 and you get 18. Therefore at 4 percent
interest, your money will double in 18 years. If you get 8 percent
interest, it would double in 9 years, and so on. In the Teacher Support
Center, there’s an excellent lesson on the rule of 72 and compound
interest entitled, How Does Money Grows Over Time. The lesson clearly
demonstrates the importance of saving money early in life and letting
compound interest work its magic.
RANKINGS WEEK ENDING APRIL 24, 2009
Beginners Ttl Equity %aboveS&P Ranking Info
Carly, Sophie 104.267 (12.2659) 120/325
Zach, Andre 103,876 (12.6568) 127/325
Advanced
Jacob, Jarod 109,937 (6.5960) 55/325
Edward, Luke,
Isabelle 99,056 (12.9841) 132/325
Howard, Evan 95,246 (21.2873) 265/325
RANKINGS WEEK ENDING MARCH 27TH
Beginners Ttl Equity %aboveS&P Ranking Info
Carly, Sophie $101,299 (8.5382) 123/281
Zach, Andre 101,150 (8.6181) 127/181
Advanced
Jacob, Jared `109,612 (.1561) 20/181
Edward, Luke &
Isabelle 104,537 (.9985) 25/191
Howard, Evan 97,203 (12.5651) 213/281
RANKINGS WEEK ENDING MARCH 20
CONGRATULATIONS
Beginners Ttl Equity %aboveS&P Ranking Info
Carly, Sophie $100,466.96 (2.9245) 81/256
Zach, Andre $100,017.23 (3.3742) 118/256.
Advanced
Edward, Luke, Isabelle $111,490.80 5.0521 9/256
Jacob, Jarod $105,008.35 (5.6988) 43/256
Howard, Evan, &
Christian $95,883.48 (14.8237) 218/256
Bond Rankings
Howard, Evan, Christian
$99,435.53 (9.7209) 39/47
RANKINGS FOR WEEK ENDING MARCH 13, 2009
Team Ranking Equity % return above S&P
Beginning
#1(3rd) Andre, Zack 44/208 $100,811 (.9672)
#2 (4th)Carly, Sophie 66/208 100,430 (1.3482)
Advanced
#1 Edward, Luke, Isabelle
22/208 99,568 1.7143
#2 Jacob, Jarod
24/208 103,328 1.5497
#3(5) Howard, Evan
144/208 98,522 3.2562
RANKINGS FOR WEEK ENDING MARCH 6, 2009
Team Ranking Equity % return above S&P
Advanced
#1 Howard, Evan 91/165 510/1079 $ 98,600.88 6.6659
#2 Jacob, Jarod 97/165 549/1079 $98,265.75 6.3307
#3 Edward, Luke,
Isabelle 139/165 804/1079 $91,657/71 3.2675
Beginning
Carly, Sophie has not traded
Zach, Andre has not traded
On June 11,2008, the participants in the New Milford Public Library Stockmarket game were invited to attend the Stockmarket Game Awards at the Graduate Business Center of the University of Connecticut. We had First, Second and Third place winners in the Fall and Spring Sessions for our region and category. All winners received a certificate and Barnes and Noble Gift Card. The Stockmarket Game Awards were sponsored by the Bank of America and the Finance Department of the State of Connecticut. The awards were followed by a tour of the simulated floor of the stock exchange of UCONN.Great Job Teams!!!
THE WINNERS SPRING 2008
AND WE CELEBRATED
CONGRATULATIONS JAROD AND NATHANIAL
WINNERS SPRING 2008
Questions? Comments?
vfisher@biblio.org
