A team of Cherokee County School District students has won first place in a regional competition testing students’ financial knowledge!
E.T. Booth Middle School sixth-graders Chloe Carter, Isabella Faulds and Eva Howell are the 2020 Congressional District 11 champions of the national Stock Market Game. They bested 272 teams from across the region during the contest, which is sponsored in Georgia by the Georgia Council on Economic Education and nationally by the Charles Schwab Foundation.
“Understanding personal finance is an important ‘soft skill’ for our students to gain, and this annual challenge offers our students an exciting way to learn more about it,” Superintendent of Schools Dr. Brian V. Hightower said. “We’re so proud of Chloe, Isabella and Eva and their teacher, Cathy Fernandez. Congratulations!”
The goal of the competition is for students to learn about personal finance and economics and also sharpen their math, research and social studies and current events skills. Through the simulation, participating students in grades 4-12 invest a virtual $100,000 for 10 weeks in real stocks, bonds, and mutual funds. Through research, teamwork and critical thinking, students work to improve their portfolio, and the team with the highest portfolio value at the end of 10 weeks wins. The top 10 teams in the U.S. will be recognized at the national level this summer.