Two sixth-grade girls from Bergman Elementary School recently won first place in a state-wide stock market contest.
Lauren Cassou and Ann Mandy won the competition, called The Stock Market Game, which was for sixth, seventh and eighth graders. Each student got $50,000 in pretend money to invest, and the girls decided to put their funds together and work as partners.
They had to research companies then decide which businesses to invest in. They went online to learn about those businesses. They first used their problem-solving skills to decide how to spend their money on the businesses, then used their math skills to figure out how much money they had.
The competition started during the first week of November, and the Cassou and Mandy worked on it every other week during math class.
This was coordinated by their teacher, Dennis Eickhoff. When school wasn’t in session — and once they were done with swimming practice — Cassou and Mandy would talk about it to their parents.
“In the beginning we didn’t know what we were doing, so we just looked at some stocks,” Cassou said. The companies they bought were Liongate Films and Ford Motor Company.
They bought Lionsgate Films, Mandy said, “because ‘Hunger Games’ came
out and ‘Catching Fire’ came out.” The reason they bought Ford Motor Company, Cassou said, was “because it was pretty secure and low cost.” Then the girls took advice from Cassou’s father, an economics professor, who gave them helpful suggestions.
They earned $9,000 over the course of two months and beat the second-place winners by a margin of $2,000. They also won a T-shirt for coming in first place.