Area stu­dents to com­pete in stock mar­ket chal­lenge

The Hazleton Standard-Speaker - - LOCAL - BY VICKI TERWILLIGER StAff Writer Con­tact the writer: vter­[email protected]­pub­li­can­her­ald.com; 570-628-6007

Schuylkill County stu­dents can match fi­nan­cial wits with their coun­ter­parts in a pro­gram kick­ing off Mon­day and of­fered through the Penn­syl­va­nia Coun­cil on Fi­nan­cial Lit­er­acy.

The Schuylkill County Stock Mar­ket Chal­lenge teaches stu­dents about in­vest­ing and en­cour­ages fi­nan­cial lit­er­acy through hands-on ac­tiv­i­ties in the class­room. The com­pe­ti­tion, supported by Riverview Bank and The Repub­li­can- Her­ald, a Times-Sham­rock news­pa­per, al­lows play­ers in grades three to 12 to man­age a hy­po­thet­i­cal $100,000 port­fo­lio by in­vest­ing in stocks cho­sen from U.S. mar­kets — Amer­i­can, New York and NASDAQ ex­changes.

The fall game ended Dec. 14; the spring game be­gins to­day and runs through April 19. It’s the first time Riverview Bank has spon­sored the con­test in Schuylkill County, ac­cord­ing to Alan W. Dakey, pres­i­dent of Pen­nCFL.

“They spon­sored a pro­gram in north­ern Dauphin County last year and we thought it was very suc­cess­ful and was a qual­ity pro­gram that ed­u­cated stu­dents on in­vest­ments,” Dakey said in a phone in­ter­view Wed­nes­day.

“The bank and its af­fil­i­ates have been help­ing cus­tomers meet their fi­nan­cial needs since 1990 and is proud to serve the Schuylkill County area,” Kirk D. Fox, Riverview Bank CEO, said in a Pen­nCFL re­lease.

A spe­cial in­vest­ment con­test will be held for high schools in the spring game.

Among the schools in­vited to par­tic­i­pate are Blue Moun­tain, Ha­zle­ton Area, Ma­hanoy Area, Min­ersville Area, North Schuylkill, Pottsville Area, Saint Clair Area, Schuylkill Haven Area, Shenan­doah Val­ley, Ta­maqua Area and Tri-Val­ley.

A cel­e­bra­tion lun­cheon will be held in May to rec­og­nize the schools, teach­ers and their stu­dents. They will be hon­ored by the bank, other of­fi­cials, the news­pa­per staff and Pen­nCFL.

“We have a cel­e­bra­tion event at the end of the pro­gram with teach­ers, stu­dents and ad­min­is­tra­tors and we’ve re­ceived very pos­i­tive feed­back. The stu­dents learn a lot about in­vest­ing and en­joy the ex­pe­ri­ence. Our or­ga­ni­za­tion is of­fer­ing sim­i­lar op­por­tu­ni­ties in other coun­ties and it’s been a strong pro­gram,” Dakey said.

Teach­ers are of­fered free train­ing and sup­port. Any pri­vate or pub­lic school in­ter­ested in par­tic­i­pat­ing or for ad­di­tional in­for­ma­tion can con­tact Carolyn Shirk, Pen­nCFL vice pres­i­dent, at carolyn.pen­[email protected] or 570-975-5149.

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