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Investing in a chance to earn ‘virtual’ cash

Students from Whitley Bay High School, (from front clockwise) James McIntyre, Dan Heap, Karl Longridge and Alex Richards who have reached the regional final of the Student Investor Challenge run by 'ifs'. GM031863

Students from Whitley Bay High School, (from front clockwise) James McIntyre, Dan Heap, Karl Longridge and Alex Richards who have reached the regional final of the Student Investor Challenge run by 'ifs'. GM031863

A group of students who invested in extra curricular work have landed a top regional win.

Whitley Bay High School pupils Karl Longridge, Alex Richards, Dan Heap and James McIntyre have reached the regional final of a national investment competition.

The ‘WBHS Investors’ team were competing against more than 30,000 other students from around the UK in the ifs Student Investor Challenge.

And they made nearly £10,000 trading in virtual shares in just three months of trading, outperforming the FTSE 100 share index in the process.

They will now represent Whitley Bay High at the Scotland, Northern Ireland and North England regional final, to be held in Leeds on March 18.

If the pupils are successful there, they will go onto the national final in April where the winners receive an all expenses paid educational trip to New York and £2,000 for their school.

Ben Cox, economics teacher at the school, said: “We are really proud of the students’ performance, to have surpassed over 10,000 teams and make it down to this stage is a fabulous achievement and we hope they can take it one step further.

“They have shown great initiative and financial skill in their investment decisions.

“It is just a shame it was only virtual money they were trading with.”

Alison Pask, vice-principal at ifs University College, who organise the event, said: “This competition gives students the opportunity to gain first-hand experience of making investment decisions, which will benefit them throughout their lives when making financial choices.”

 

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