Warwick school remains atop KPMG investment challenge
Warwick Academy’s The Moral Hazards team are maintaining their lead in the KPMG Senior School Investment Challenge for the third month in a row.
They are up on their initial mock investment by nearly 29 per cent in only three months.
Their virtual stock value has improved by $9,912.13 in the third and most recent month of the competition, from $119,075.47 to $128,687.60.
In November, the first month of the annual contest, Trust Me Bro Investments, of Mount Saint Agnes, held second place, but plummeted to seventh in December. They have now retaken the No 2 slot by making $9,912.13 in January, raising their investment to $115,414.
Last month’s second-ranked team, CedarBridge Academy’s Titanium, made $3,977.28, but fell to third place.
Bermuda High School’s Broke But Hopeful tumbled from eighth to seventeenth out of 18, with a loss of $6,215.26, while Warwick Academy’s Jackpot25 remained in the eighteenth spot for another month, making $267.62.
In this competition, secondary school students from across the island invest a virtual $100,000 in a pretend stock market that closely follows the real one. Teams are ranked by how much they net with their mock investments over six months of pretend trading.
Eighteen schools are taking part this year, with some schools fielding multiple teams. When the challenge ends next April, the top team will win $10,000 for their school.