Strollerderby
Get Your Stock Tips from These Kids
You might still be content to track the market with CNBC and the Wall Street Journal, but I’ve got a lead on investing in Wisconsin.
A classroom of mini traders in Neenah, Wis. to be exact.
A group of fifth graders from Neenah more than doubled their money investing in fifteen different stocks, with a target on the big banks. It was all hypothetical money (and their parents are kicking themselves now, I’d bet), but it won them a state-wide economics contest.
The kids started with $100,000 (again, fake bills), and turned it into $203,000 within a period of ten weeks. Their prize is a trip to the New York Stock Exchange.
I remember doing a stock project back in high school (they start ‘em so young these days, don’t they?), but with picks that were based completely on my favorite things (at the time, The Gap and Tootsie Rolls), I didn’t fare too well. But letting kids pick their own stocks was the name of this game – their teacher says he tells his charges he’s there to act like a broker, to give advice, but not to make the decisions for them.
But no matter how much research these fifth graders did, do you really think they know any more than the folks on Wall Street? Or is this just a good reminder that the stock market really is a crap shoot?
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