Four East Northport Middle School fifth graders are getting an early start to their money management skills, placing first in the Long Island stock market game. Veronica Anagnos, Natalie Barth, Parker Ciaio and Tess Kim beat out 119 other teams to take home first place, increased their allotted $100,000 in stock market “money” into $112,000 in about six weeks.
The students credited good advice from their teacher, Mr. David Kaiser, as well as patience as the reason for their success. When describing how they came to win first place, Parker shared that the students focused on buying “very diverse stocks, like clothing and electronics.”
“It was fun learning about the stocks and how they work,” she said. “We had to have a lot of patience.”
Mr. Kaiser added that he advised the students to “buy what you know,” which encouraged them to look for companies which they were familiar with.
Each student will receive a t-shirt and and there will be a virtual awards ceremony on YouTube in May.