Phillip Stack, a senior at Wallenpaupack High School, pulled off a feat that would have Wall Street hotshots drooling…and he did it twice. In the fall EconomicsPennsylvania Stock Market Game, he turned a hypothetical $100,000 in to $124,154 in 10 weeks.
Phillip Stack, a senior at Wallenpaupack High School, pulled off a feat that would have Wall Street hotshots drooling…and he did it twice. In the fall EconomicsPennsylvania Stock Market Game, he turned a hypothetical $100,000 in to $124,154 in 10 weeks. He played another game in the spring, starting over with the same $100,000 and turned that into an astounding $259,212 in 10 weeks. Phillip placed 1st in the state in both games. This was very close to an all-time record ever for any game played in the state. His strategy in both games was to take advantage of the rising commodity prices and bought silver through several equities. He participated in the Stock Market Game as an activity in the Gifted Education Program at Wallenpaupack, and taught by Mr. Gene Shultz.
Phillip is the son of Thomas and Vivian Stack, of Hawley. After graduation, he plans on attending SUNY-Orange in Middletown, NY, to study Chemistry. He enjoys playing in the band, studying politics, and has participated in the Scholastic and Science Olympiad, and also runs on the Cross Country team.
In the EconomicsPennsylvania Stock Market Game, students begin investing with $100,000 in a hypothetical on-line investment portfolio. Over a 10 week period, students select stocks, bonds, or mutual funds to be included in the portfolio. They can track their portfolio equity on-line daily. Each week, student portfolios are ranked by the equity as of market close on Friday.
In Pennsylvania schools this year, over 14,000 games were played, with approximately 50,000 students participating.
In addition to the Stock Market Game, EconomicsPennsylvania, a statewide non-profit organization, offers materials and staff development economics and financial literacy programs to schools. These programs include the Economics Challenge, Youth Entrepreneurship Day, Financial Fitness for Life, and The Economics of Alternative Energy.
Locally these programs are funded by a generous grant from The Honesdale National Bank through The Honesdale National Bank Center for Economic Education at the University of Scranton. For more information, visit www.EcnomicsPennsylvania.org or contact Bblair@economicspa.org