On November 3, students from the Finance Club at the University of Denver competed against teams from corporations throughout the Denver area to raise money for Junior Achievement. The competition involved a mock trading floor at the Cable Center on the DU campus. Volunteers served as traders and distributed new and tips to raise money for the non-profit organization.
The competition supports a Junior Achievement program to teach high school students about personal finance. Denver schools sent 1,500 students to the Cable Center to learn the value of savings and investing in the stock market.
The Daniels team had an 85% return on their simulated portfolio. Professor Chris Hughen, who is faculty advisor for the Finance Club, said “while we were only managing a hypothetical portfolio, this friendly competition emphasizes the value of investing in the stock market, which has been the highest returning asset class over the long-run. Learning the basics of personal finance at a young age promotes saving and responsible debt usage over a lifetime.”
The Finance Club, with over 100 members, is sponsored by the Reiman School of Finance and the Daniels College of Business.