No Bull, it’s a “Bear” Market

The St. Benedict Catholic Secondary School Accounting classes, Personal Finance Math classes, and other students interested in the stock market participated in the Nipissing University Stock Market Game. These investors were given a hypothetical $50 000 to invest in stock in four various sectors listed on the TSX as well as one stock, if they wished, from the Dow. Analyzing companies and their stock, examining their own portfolios, learning about various investment styles, and buying and selling stock gave the students an idea of what it would be like to invest in the stock market.

Last year was the first year St. Benedict participated in this game and we were very proud of their success. Province-wide, Michael Cormier placed first, Joseph Toffoli placed second, and St. Benedict placed first. This year, Patrick Sinclair placed first out of 1,635 students participating province-wide in the game. With a hypothetical $50 000 to invest, his ending portfolio was valued at $90 923.49 (a gain of 81.85%). For his efforts, he receives $2 000 towards tuition at Nipissing University or $1 000 cash. The school, as a result of the top ten players’ portfolios averaged together, also placed first and receives $500. Top students were:

1st – Patrick Sinclair
2nd – Zack Rebeiro
3rd – Robert Alemany
4th – Amanda Muldoon
5th – Nathan Battigelli
6th – Katie Morrow
7th – TBA
8th – Megan Jodouin
9th – Maria Griffin
10th – Melissa Cormier

Accounting Contest

On May 25, the Ontario Business Educators’ Association held its annual accounting contest (regional) at Laurentian University in the Commerce Department. In the Grade 11 division, St. Benedict took first and third place. Amanda Muldoon was the first place winner and Elaina Mansour was the third place winner. These students will be recognized for their achievements in September at an Awards Presentation at Laurentian University.