Area students to compete in stock market challenge
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.