Teenagers manage money in KPMG Investment challenge
As many as 100 of Bermuda teenagers are involved in the KPMG 17th Annual Senior School Investment Challenge, with the results for January about to follow, and the November and December results published here.
Students have been involved in this challenge since KPMG began the programme in 2005 as part of the financial services company’s ongoing commitment to education and youth development.
This year’s competition started in November 2021 with students managing a virtual portfolio of $100,000.
Involved are 21 teams from ten senior schools (maximum of three teams per school) with two or three KPMG mentors assigned to each team. Three to ten students must be on each team.
Not permitted are short selling or day trading. Each team began with the virtual $100,000 and by each monthly reporting day, no team can hold more than $10,000 in cash, by penalty of $1,000 at competition’s end.
But they can’t invest more than ten per cent of the total capital in one stock, and it is suggested that each team hold a minimum of ten securities at all times.
The objective is to research companies and their stocks and understand how the activities of the company effect the price of their stocks.
A total of $20,000 will be awarded to the schools of the top three teams.
• 1st place: $10,000
• 2nd place: $6,000
• 3rd place: $4,000
The January results will be available next week.
The objectives include promoting investment for the future and developing an awareness of the capital markets. Students also see career opportunities in the markets and have more exposure to International business and the impact on global and local stock markets.
The project enhances the school curriculum and generates the business community’s interest in Bermuda's senior schools.