IFS STUDENT INVESTOR CHALLENGE
Mrs Amy Meachen
T his year a record number of teams from Year 11, the Remove and the Sixth Form participated in the IFS School of Finance’s Student Investor Challenge. The first phase of the competition involved online trading in which 52 teams of four students were given £100,000 of virtual money to invest in the stock market and then had to buy and sell shares in order to maximise their portfolio value. After making nearly £15,000 in virtual shares in just three months of trading and outperforming the FTSE 100 share index in the process, ‘The Latecomers’ (Benjamin Bartsch, Ajay Kumar, David Fincham, Daquan Cadogan, above, from the Remove) were selected for the South East England Regional Final. Out of a total of 8,638 teams involved in the competition, ‘The Latecomers’ now ranked an impressive 35th.
The next phase required the team to answer a two-part quiz that tested their knowledge of business, saving, investment, stocks and shares, and current affairs. The boys were extremely fortunate to have Vivian Bazalgette, Vice-Chair of the Board of Governors at Dulwich College, talk to them about investment and the associated terminology. Determined and enthusiastic, the team faced stiff competition at the South East England Regional Final, held at the International Finance School’s offices in the City at the beginning of March, but did not succeed in being picked to go through to the next round. They will, however, have another opportunity to win the ultimate prize (a trip to New York) when the competition runs again next year. We can be very proud of their performance.
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