MONTGOMERY, AL (WSFA) - If you're confidence is shaken and you're just not sure what stocks to invest in during the stock market's current rollercoaster ride, you may want to boot the stock broker and head on over to Sidney Lanier High School.
Students there are looking like professionals after winning the Alabama Stock Market Simulation competition. The eight week competition, sponsored by the Alabama Council on Education and Sterne Agee, gave student teams $100,000 and the ability to grow that wealth, or lose it in real time.
Student James Brancley thought technology stocks were the place to put his money. "I decided, you know, I'm going to try to invest in the stock companies and electronics, because everybody is trying to buy cell phones, ipods and things." he explained. " I would say just pay attention to your surroundings."
Student Denise Chasten thought it was best to buy stock in companies that sold the things that she liked, shoes or shopping and food products.
And their thinking looks to have worked out well. The guys and girls at Sidney Lanier grew their wealth better than the pros! At the end of the competition they had $131,000 or a 28 percent yield on their investment. That even beats returns from the S&P500.
The students competed against more than 1,000 other teams statewide to win.