PLEASANT HILL, Mo. -- A local seventh grader got a big surprise Monday at a school assembly after winning first place in a national writing competition for her investing app.
The app is to help with long-term investing.
“I feel kind of special,” said Pleasant Hill middle school student Abby Teitelbaum, who invented the app for the contest held by the Securities Industry and Financial Markets Association (SIMFA).
Her classmates erupted in applause and cheers for 13-year-old Abby when they found out she took the top prize in the national SIFMA foundation InvestWrite competition in a surprise assembly.
“Didn't think I’d win,” a shocked Teitelbaum said.
Melanie Mortimer, the President of the SIFMA Foundation said the idea is to prepare students for their financial futures.
“So they get the real hands-on experience to be able to better understand how to manage investing,” Mortimer said.
The InvestWrite competition is a culminating activity for the stock market game.
“The stock market game put teams of 3-5 students in portfolio management positions, where they allocate $100,000 across stocks, bonds, mutual funds. It's all hypothetical when it comes to the cash part, but the actual trading platform they use is state-of-the-art, just like any broker or financial adviser would be interfacing with,” Mortimer added.
After completing the stock market game program they were invited to take part in the InvestWrite competition where, Mortimer said, "they independently write an essay about a long term investing scenario."
Teitelbaum wrote about an investing app that helps users better understand long term investing. It shows which stocks are doing well, which ones to buy.
“I had to do a lot of research and I had to figure out what functions to put in the app so that it was easy to use,” Teitelbaum said. “I think it would help people a lot because if you know how the stock market works, then you can use it. If you don't know how it works, it gives you a quick tutorial and you can figure out how to use the stock market very easily. Most of all, it helps you make money in the stock market.”
Teitelbaum's teacher, Michelle Humphrey, said her class participates in the contest every year. Contests like these are part of a larger strategy by the Missouri Council on Economic Education, which claims that "by teaching economics and personal finance to young people, MCEE is helping to create a more prosperous future."
“You're never too young to start making good financial decisions and planning for your financial future,” Humphrey said.
And she said she's not surprised Teitelbaum won.
“Abby is a fantastic writer, and she worked really hard on this essay,” Humphrey added.
Abby and her teacher were invited to the Bats Exchange located in Lenexa after the awards event today. Teitelbaum is among 20,000 students -- 4th through 12th grade -- who took on the challenge. The winner is selected by industry experts.
As her prize, Abby is going to New York City in June with a parent and her teacher.
She's going to the NASDAQ and through the financial district so the virtual experience she's had in school can become a reality.
Indiana Stock Market Program
A Real World Teaching Tool
Get your students excited about learning! Using actual data from the stock markets, teams of students are given a hypothetical $100,000 to create and manage a portfolio of stocks, bonds and mutual funds. Before they know it, students are learning about financial markets such as the New York Stock Exchange (NYSE), understanding the basics of personal investing and enhancing skills learned in math, reading, and technology.
The difference between a competition session and the enrichment session is that regional and state awards are not offered during the enrichment sessions. The enrichment sessions were created to be used as practice forums and to accommodate schedules that were unable to participate during the competition session.
Why Use the Indiana Stock Market Program in Your Classroom?
The Indiana Stock Market Program is a widely popular teaching tool used in grades four through twelve. The Stock Market Program is popular because it fits into many different disciplines and activities such as social studies, math, business education, and even language arts. Teachers can organize the program to fit their particular needs. The Stock Market Program can also be used as an extra-curricular activity.
- Learn about the financial and economic system of the United States.
- Learn the value of personal saving and investing in planning for the future.
- Study current events to analyze how they affect financial and economic decisions.
- Apply sound investment principles to avoid investment “scams.”
- Learn how to gather information from newspapers and on-line sources.
- Develop skills necessary for working in groups.
- Apply skills learned in other subject areas.
Indiana Stock Market Program Basics
The ICEE offers training workshops/webinars throughout the year. Webinars last approximately one hour and they are free-of-charge throughout the state for participating teachers. For training dates and registration e-mail firstname.lastname@example.org or call (765) 494-8544.
Students will compete according to the rules for each contest. During the standard contest, students are awarded based on their portfolio value. In addition, other contests such as the $mart Indiana Essay Competition and the Infographic Competition both rely on judges who are highly specialized in investing. The contest winning teams will receive prizes and recognition.
Go to www.econed-in.org/infographicwinners.asp to view the FALL 2017 Infographic Finalists. Winners will be announced a the Stock Market Awards Program on May 11, 2018 at Conner Prairie, Fishers, IN.
The Stock Market Program has zero cost for students and teachers. Funding is provided through genersous support of community members and local businesses.
Visit the following links for a complete set of Indiana Stock Market Progam rules.
Register for your team accounts and passwords on line at www.econed-in.org. Be sure to complete all the information. Upcom registering, you will receive all materials necessary to participate in the program, including team numbers and supporting resources for classroom instruction.
Resources, lessons, activities, videos and quizzes are avilable upon registration.
Sponsors and Partners
Office of the Indiana Secretary of State
First Federal Savings Bank, Rochester
Goelzer Investment Management
Old National Bank Foundation
PrimeTrust Federal Credit Union, Muncie
CollegeChoice 529 Direct Savings Plan
Centers for Economic Education
Indiana University Northwest
Indiana University South Bend
Ball State University
Indiana University Kokomo
Indiana State University
Indiana University East
University of Southern Indiana
Indiana University Southeast
For More Information
Stock Market Program Coordinator
Help Desk Phone 765-494-8544
The Stock Market Program
is presented in Indiana by
the Indiana Council for Economic Education
Major support provided by the Office of the Indiana Secretary of State, Securities Division