TMJHS student bread for Wall Street?
February 14, 2012
Treasure Mountain Junior High School ninth-grader Jaron Elhers placed fourth in the state for his stock picks in a statewide online Stock Market Game that ended in December. According to Treasure Mountain Junior High School Counselor Diane Cashel, more than 1,000 students participated in the game that lasted eight weeks. "We have never had a Park City student win before," she said.
Elhers said he chose stock market companies randomly, except for Apple and Google, and he didn’t do much research before making his selections.
"I knew that Apple would have the iPhone coming out, so I factored in that, and I also invested in Google because that was pretty stable," he said.
TMJHS Computers in Business teacher Melanie Christeson said the contestants who make the most money by the end of the contest are selected to attend a luncheon at the Joseph Smith Memorial Building in Salt Lake City, give a speech and receive a $50 College Savings Certificate. Elhers plans on putting the money in his college savings account.
"Basically they play along with the stock market. They have a hypothetical $200,000 to trade in the market and they research companies over an eight-week period," Christeson said, adding that Elhers made more than $8,000.