On November 16, 495 local students from 32 high schools had the opportunity to experience the thrill of the trading floor of the stock market at Junior Achievement's ninth annual JA Stock Market Challenge.
This unique computer simulated stock market event took place at the Buffalo Niagara Convention Center in Buffalo. M&T Bank was the presenting sponsor.
Students from all over WNY competed with a starting portfolio of $500,000. Nichols School's "Team Newman" won second place, finishing with a 151.29 percent increase in their portfolio and a final net worth of $1,256,448.12. This was Nichols School's first time participating in the event. Members of Team Newman were students Ethan Stoffman, Ivan Cox, Hamzah Ahmed and Charles Newman.
Nichols had two more student teams participating in this event. "Team Dolan" finished with a total net worth of $711,013 and a 42.2% return on investment. "Team Haq" finished with a total net worth of $738,956 and 47.79% return on investment. Lockport High School's "Lockport Laser Falcons" placed first and LeRoy Jr/Sr High School's "Sad Boys" came in third place.
Prior to the JA Stock Market Challenge, JA provided an in-class educational program called JA Take Stock in Your Future. Volunteers visited classrooms to teach students important facts about investments and the stock market in order to enhance students' overall learning experience.
Participating high schools for the 2017 JA Stock Market Challenge included: Academy Program, Allegany-Limestone High School, Amherst Central High School, Attica High School, Byron-Bergen High School, Cardinal O'Hara, City Honors, Clarence High School, DaVinci High School, Depew High School, Dunkirk High School, Emerson School of Hospitality, Falconer Central School, Fredonia High School, Hamburg High School, Holland Central High School, Hutch-Tech High School, Jamestown High School, Le Roy Jr/Sr School, Lockport High School, Mount St. Mary Academy, Niagara Falls High School, Nichols School, Pembroke Jr./Sr. High School, Pioneer High School, Riverside High School, St. Francis High School, Sweet Home High School, Tonawanda High School, UB STEP, West Seneca East, and West Seneca West.
Proceeds from the JA Stock Market Challenge support the event as well as Junior Achievement's financial literacy, entrepreneurship, and career & work-readiness programs for kindergarten-12th grade students. In the 2016-2017 school year, Junior Achievement of WNY enriched the lives of 13,928 students in 148 schools and community organizations throughout the eight counties of Western New York.
Pictured above L-R: Ethan Stoffman, Ivan Coz, Hamzah Ahmed, Charles Newman, Jeff Martin, Laurie Mahoney