Three Clayton County fifth-graders recently beat more than 3,800 teams of students to win the top spot in the Georgia Stock Market Game, AJC writer Tammy Joyner reports.
Not only did Jaylen Thompkins, Jacob Thomas and Kenny Chong beat the competition statewide, they outperformed the U.S. stock market— all while managing their investments during the after-school program at E.W. Oliver Elementary School in Riverdale, Joyner writes.
The trio earned nearly $63,000 on an initial hypothetical investment of $100,000 in the 10-week contest. They outperformed the stock market by 58 percent, Joyner reports.
Their portfolio consisted mainly of one stock — not the strategy money managers advise for investing real money, Joyner writes. They started with three stocks, but wound up basically betting the farm on pulp paper company Mercer International.
Is there a lesson here? If you play in a risky game like the market, then should some of your money go against conventional wisdom — despite what the so-called experts say?
Or since you have real money at stake, is being cautious, diversifying, relying on mutual funds and not betting on one stock still the way to go?
I’m a conservative investor who uses stock mutual funds. But I wonder if I should take a very little — of the little I have — and invest in a company that might take off?
What do you think? What’s worked or not worked for you?
- Henry Unger, The Biz Beat
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