Congratulations to four College boys - Elliott Patrick, Ross Oliver, Harry Stannett and Nikita Ilkevich who made it through to the top 4 in the Regional Finals of the ifs Student Investor Challenge.
Thousands (7,584 to be precise!) of school teams from around the country competed to grow a virtual £100,000 fund using live market data - buying and selling shares just as though they were on the trading floor. The teams were given four months, from 5 November 2012 to 1 February 2013 to increase their £100,000 by as much as possible.
Nine teams from College entered, with these four boys, calling themselves Cheltenham Bulls, finishing impressively in the top 100 with a final fund worth £119,997.56. As a result, they made it through to the Regional Finals, held in Bristol on 12 March, where they had to answer a series of questions related to the world of economics, business, investment, trading, finance, current affairs and general knowledge. The boys came an impressive 4th out of 25 Regional Finalists – just missing out on the top two spots which would have secured them entry into the National Finals.
Mr Evetts, Economics and Business Studies teacher, commented: “The competition drew together the economic, political and business worlds, helping students begin to understand the complexities of what drives stock market prices. For our students, it has been a valuable learning experience requiring a significant amount of independent work and has really helped to take their education beyond the exam board specification. Congratulations to all four boys who acquitted themselves very well indeed.”
Lower Sixth student and Team Captain Elliott Patrick commented: “The ifs Student Investor Challenge has been an invaluable aid in helping us with our Economic and Business Studies courses, not just for our examinations but also for the real world. It has been eye opening for the team and has really broadened our knowledge on subjects such as the Stock Exchange and on how to read the market. Personally it brought out a real passion and new hobby – I am now considering the Stock Market as a possible future career!”