2009.11.02 > For Immediate Release
contact: Tim Kaldahl - University Relations
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Stock Market Challenge Set for Nov. 12
Omaha - Today’s stock market might not be a source of good news, but it still provides a wealth of opportunity. With that in mind, more than 100 members of the Boys & Girls Clubs of the Midlands will participate in the Second Annual Stock Market Challenge on Thursday, Nov. 12.
“The experience we had last year was excellent. The kids become extremely competitive and savvy,” said Jonna Holland, an associate professor of marketing at the University of Nebraska at Omaha (UNO.) Holland is helping to coordinate UNO’s support of the Challenge. The competition will have four-person student teams trading $500,000 in mock equities.
The Boys & Girls Club members involved in the Stock Market Challenge are all high school students. More than 40 UNO College of Business Administration finance students will act as floor traders for the competition. The UNO students will use hand held wireless devices to enter trades real time, so that the simulation will approximate the moves of market prices during actual Wall Street trading. The competition runs from 12:30 to 3:30 p.m. at the Scoular Ballroom, 20th and Dodge.
A donor has provided four $1,000 UNO CBA scholarships to the top finishers. An evening fundraising event follows at 6 p.m. that will get local financial planning advisors, corporate finance managers and other local business representatives in a simulated stock portfolio trading competition for fun. Teams taking part will donate money for a chance to compete. The UNO College of Business Administration will have two teams competing: the Maverick Investment Group officers, all students, and a team of four faculty members.
“Yes, this is fun. Yes, there are some scholarship dollars available,” Holland said. “The most important thing coming out of this is that these young people will know more about personal finance and business. The competition is a simulation, but what they learn is real.”
Students will go through a training session prior to the challenge on Wednesday, Nov. 5, at UNO in the Collaborating Commons of the College of Public Affairs and Community Service. They will also do additional research and homework prior to the competition.
For more information, call Paul Haskell from the Boys & Girls Clubs of the Midlands at (402) 342-1600.
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The University of Nebraska at Omaha (UNO) is Nebraska’s metropolitan university. The core values of the institution place students at the center of all that the university does; call for the campus to strive for academic excellence; and promote community engagement that transforms and improves urban, regional, national and global life. UNO, inaugurated in 1968, emerged from the Municipal University of Omaha, established in 1931, which grew out of the University of Omaha founded in 1908.
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