King’s stu­dents make smart in­vest­ments

Macclesfield Express - - SCHOOLS NEWS -

KING’S School in­vestors have cul­ti­vated a tidy profit with pru­dent de­ci­sions in a nationwide in­vest­ment com­pe­ti­tion.

From an orig­i­nal 10,000 en­tries nationwide, King’s School has seen three teams qual­ify for the semi-fi­nals of the In­sti­tute of Fi­nan­cial Ser­vices an­nual Stu­dent In­vestor Com­pe­ti­tion.

The three King’s teams named ‘The Regime’, ‘In­ves­ti­gate’ and ‘All In’ all reached the fi­nal af­ter gen­er­at­ing more than 10 per cent profit from a pot of nom­i­nal cash given to each group six months ago.

Each team was given two pots each con­tain­ing £100,000 to in­vest in the FTSE 100, one to in­vest for the longer term and the other for more spec­u­la­tive in­vest­ment.

Stu­dent Jamie Dunker­ley said they made the most of po­lit­i­cal tur­moil to max­imise their tak­ings.

He said: “We used Don­ald Trump’s elec­tion vic­tory to our ad­van­tage, in­vest­ing in min­ing stocks as we an­tic­i­pated a re­lax­ation of reg­u­la­tion in the ex­trac­tion sec­tor.”

Will Thom­son said it helped the stu­dents learn about pos­i­tive banking.

He said: “Banks have been around for many cen­turies and though they de­servedly had a bad press re­cently for trig­ger­ing the fi­nan­cial cri­sis, they cre­ate money for in­vest­ment and growth and are vi­tal to our econ­omy’s gross do­mes­tic prod­uct.”

Peter Thorp, added: “The key to our suc­cess was a strong com­pet­i­tive spirt, col­lab­o­ra­tion and co-op­er­a­tion, work­ing for the com­mon good not per­sonal gain.”

David Wil­liams, who teaches eco­nom­ics and busi­ness at King’s, said: “To have one team reach the semi fi­nal is good, to have three is ex­cep­tional.

“Usu­ally there is a lot of in­ter­est at the be­gin­ning of the in­vest­ment cy­cle which can wane, but with th­ese three teams they stuck to the chal­lenge and con­tin­ued to re­search the market on a daily, some might say hourly ba­sis.”

King’s stu­dents gen­er­ated a profit at the an­nual in­vestors com­pe­ti­tion

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