playing a stock market game. In Derek Soule’s Personal Finance class students competed in a national competition where students invest virtual money into the stock market and learn about the risks and rewards for investing. The Maine State/Regional champion this year is senior Tucker Norwood.
The RR sat down with Tucker to learn more about his achievement.
RR: How much did you make and over what time-period?
Tucker: I made $21,000 over the course of 2 and 1/2 months. A 21% increase.
RR: GOSH! And you started with how much money?
Tucker: $100,000
RR: What’s your secret?
Tucker: I watched the stock market a lot. When my stocks dropped, I sold them to cut my losses. I’d also buy stocks that dropped and were good buys. I also purchased stocks that were about to release a new product. Or I’d sell a stock that was receiving bad press. I had a lot of good luck.
RR: What’s a stock that did well for you?
Tucker: Disney. I bought that one eight days before the game ended and just before the release of the new Spider Man movie. [Disney owns a stake in Marvel Studios]. That stock had a 4% increase in value because the Spider Man movie did well
RR: Do you plan to invest real money into the stock market someday?
Tucker: Yes.