Students Play The Stock Market With $100K Of Real Money
ADDISON (CBSDFW.COM) – Some North Texas high teens are learning the in and outs, the ups and downs of the stock market with real money. Students in the Greenhill School business club have $100,000 in real cash to use on Wall Street.
"They're given that money to invest, but there are very specific investment standards," says Greenhill's Chief Finance Officer, Melissa Orth, who guides the students in their investing. "We thought about having real money provided some reality that a simulation stock market game does not provide," she said.
Students could barely believe they would get such a large sum of money to learn about the stock market.
"It was this WOW moment. It was pretty shocking," said student Angela Hillsman.
"When I first heard we were getting the money, I was ecstatic," said student Christian Holmes.
Members of the school's investment committee forked over the money for this project, but it was the students who convinced the adults to do so.
"It's not so far fetched," said Holmes. "We get to have this money. We're not really playing with it. We're taking it really seriously."
"We're making the decisions, but they make sure they are sound before anything happens," added Hillsman.
This is the first year the business club has invested real money. If at the end of the year the students make any profits, they will be reinvested back into the school and the investment club.
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