December 16, 2004
Young investors at Chandler’s Andersen Junior High School would have earned $78,000 on Wall Street this semester — if only they had invested real money.
Instead, they participated in the 10-week Stock Market Simulation Challenge and earned a second-place finish in the state among 183 junior high and middle school teams.
They also earned an invitation Wednesday to an awards banquet at Peter Piper Pizza in Paradise Valley.
Andersen seventh-grader Daniel Paquette, 13, said he used to think Wall Street was boring until his keyboarding teacher, Ted Raper, recruited him to join Andersen’s team.
"Then I found out it was really fun," Paquette said. "It’s good knowing you could actually end up doing this someday and actually making money on it."
Each team in the contest, organized by the Arizona Council on Economic Education, started with $100,000 in pretend cash and "bought" and "sold" real stocks online.
Andersen seventh-grader Sarah Precup, 12, said her team met frequently before school and compared notes before making any trade. She said the team did most of its research on the Internet.
"Yahoo! is awesome," Precup said. "It tells you everything about the stocks."
Overall, the seven Andersen teammates — Paquette, Precup, Zackary Rubiom, Niko Dalton, Jose Villegas, Kandace Jilek and Briana Waite — finished ninth in the state. Teams of older students from Desert Mountain High School in Scottsdale finished third, fourth and fifth in the state, and a team from Gilbert High School finished seventh.
University High School in Tucson produced the state’s top team, which earned more than $509,000 in simulated profits.