(DANVILLE) — Legislators from across the state are participating with students in the Stock Market Game Legislative Challenge sponsored by EconomicsPennsylvania, the single largest not-for-profit economic education organization in the Commonwealth.
The statewide competition involves teams of students challenging local legislators to determine who can amass the largest stock portfolio in the Spring Stock Market Game, which is open to teachers and students grade 4-12. The game is a ten-week simulation that offers players the opportunity to invest a hypothetical $100,000 in stocks chosen from the American, New York and NASDAQ markets.
Locally, Senator John Gordner (R-27) is competing against Peter Amarante, Gina Bonomo, Katelyn Edenstein, Joseph Harris, Peter Heinle, Mitchell Vanden Heuvel, Marvin James, Nathan Romanot and Cameron Whitney taught by James Brennan and Ashley Reidinger at Danville Middle School and Ethan Bulger and Jake Huron taught by Kaitlin Huber at Danville Area High School.
Senator Gordner said he is pleased to participate in this special activity because it increases student awareness of economic principles and concepts and is a hands-on, real life experience. “The Stock Market Game not only teaches about the U.S. economic system but helps sharpen decision-making skills, encourages interest in effective financial management and helps foster positive research and team building relationships. EconomicsPennsylvania, James Brennan, Kaitlin Huber and Ashley Reidinger are to be commended for making this opportunity available and I am pleased to be part of the program.”
Senator Gordner said he was particularly impressed with the choices made by the students at Danville who chose to invest in a diverse selection of stocks. For instance, Mr. Brennan’s team chose to invest in Target after researching various stocks online to determine which would be best to buy and Target looked as if it would be a good investment. Ms. Reidinger’s team chose Google because it is a well-known stock and they saw an increase in its value. And Ms. Huber’s team chose a very different strategy by investing in precious metals and municipal bonds.
Carolyn Shirk, Vice President of EconomicsPennsylvania, expressed appreciation to Senator Gordner and the Danville Area School District saying, “Since young people represent 100 percent of our future, we must do all we can to help them understand the concepts of economic literacy that will assist them in becoming productive members of the workforce, informed voters, prudent savers and investors, and leaders equipped to deal with current world events.”
Additional information may be obtained by visiting www.EconomicsPA.org.
CONTACT: Joshua D. Funk