FRHS Wins in Financial Competition

November 19, 2008

Students and Staff Achieve Success

FRHS Finance Students Top $1 Million, Earn “Highest Net Worth” In Competition

Fossil Ridge High School students took first place in an investment competition in November as they learned to save and invest as part of a class in business and personal finance.

“We want to train students to become a nation of savers and investors in addition to consumers and spenders,” explained Karen Seeton, FRHS business department chairperson and teacher.

Teams from Fossil Ridge and Fort Collins high schools competed against 140 high school students to see who could earn the most on their initial $500K investment over a period of 60 simulated days.  One minute represented one day of trading in the simulation.  Students were able to buy and sell mock stocks in a live trading event.

The “Highest Net Worth,” award was presented to Fossil Ridge students Jordan Helm, Mike Lamb, Amber Scheaffer, and Monty Taylor for their final net worth of $1,179.744, a 136% return or 816% annualized return.  Each winner received a $75 gift card to Best Buy along with a plaque.

Thirty-eight teams from Northern Colorado competed in a stock market simulation sponsored by Junior Achievement and The Monfort College of Business.

For more information, contact Seeton at 488-6278.