Students share their success as they make nearly £30k!

news@lbobserver.co.uk
news@lbobserver.co.uk
0
Have your say

A team of four students from Cedars Upper has outperformed the FTSE 100 share index and secured its place in the semi-finals of a national investment competition.

In doing so, the Brains team beat not only the professionals, but also more than 30,000 other students across the UK in the ifs Student Investor Challenge.

Students Amy Pepper, Grace Cross, Loren Williams and Melissa Coelho made nearly £30,000 dealing in virtual shares in just three short months of trading and will now represent their school at the semi-final, to be held in March.

If successful at the semi-final stage, they will have the chance of making it through to the national final in April where an all expenses paid educational trip to New York and £2,000 for their school is up for grabs.

The free to enter competition, run by ifs University College and supported by Bloomberg, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 companies.

The competition gives teams of four students aged between 14 and 19 years old the opportunity to experience the dynamic world of share dealing and investing in the stock market. Now in its 20th year, the competition is the largest of its kind in the UK and is also open to international students.

Mrs Calloway from Cedars Upper School said: “I would like to add my particular congratulations to Loren Williams who has been instrumental in gaining this achievement. The girls have learnt a lot in this competition and it has really raised their confidence in their financial knowledge by getting through to the next round.”