Every year Personal Finance students participate in two stock market challenges. The first challenge is state-by-state. The Michigan challenge hosts schools from across our state and teams invest $100,000 in a portfolio that very closely simulates real life investing. The portfolios, provided by the SIFMA foundation in New York, are fairly sophisticated and made as real life as possible. Students are charged commissions, securities may be shorted, students invest in stocks, bonds, ETF’s, mutual funds, and students may trade on margin. Reeths Puffer Personal Finance students have always done quite well at the state level and this year was no exception. Mr. Corbin’s and Mrs. Lee’s students took 9 of the top 10 places in this challenge.
The National Capitol Hill Stock Market challenge is a shorter (3 month) challenge and the competition from across the country is fierce. Schools are allowed only ten teams of 5 students each. This year there was a total of 3374 teams from all corners of the US. Students are paired with a member of congress as they manage their $100,000 portfolio and try to increase their portfolio value as much as possible. The top 10 teams in the nation receive an all-expense paid trip to Washington D.C. where they meet their member of Congress, get special tours, and attend awards banquets. This is the 6th year Reeths-Puffer has participated in the National Stock Market Challenge and Personal Finance students have made it into the top 10 in three of those years. In the years where Reeths-Puffer teams did not make it into the top ten they always made a great showing and represented our school district with Pride and Integrity. This year our students did great again even in the face of some rule changes after the start that adversely affected several portfolios. Students persevered and two teams rose to the top and stayed there to the very end of the competition. A third Reeths-Puffer team jumped way up in the standings towards the end of the challenge. It was nerve racking as these teams hovered around 11th – 24th place consistently, and even popped into the top ten from time to time. Right to the very end, there was very little spread in portfolio values between the teams across the country. Often, there was as little as $20 – $100 total Equity between teams in the top 100. With RP teams hovering just on the edge of the top ten most of the competition we remained hopeful, and then the in last two days, the leaders took a hard hit on a couple of securities that pushed them into 64-67th places. Even with the last minute drop in value, these rankings still place them in the top 2% of the competing teams across the nation. These seniors are to be commended for their hard work and perseverance because whereas the state competition includes all Finance students, and class time is provided for learning, the National competition is voluntary and extracurricular. For three months, as daily rankings were updated, schools from across the country, once again, witnessed Reeths-Puffer High School students as leaders.
Pictured Below (L-R): Katie Thompson, Bayroni Lopez, Avery Sheffer, Makenna Johnson and Emily Weessies
Pictured Below (L-R): Daejah Taskey, Christian Slusser, Hunter Keler, Zachary Brosco and Logan Feltes
Pictured Below (L-R): Spencer Schaub, Adam Fulseth, Ryan Aebig, Brendon Ransom and Christy McFall