UB student beats The Street to win Connecticut Stock Market Game
Midterm elections. A growing trade war with China. Interest rate hikes, and, ultimately, massive selloffs on Wall Street as investors fled for safety. Yet University of Bridgeport student Wgdan Ymani never faltered as she turned a hypothetical $100,000 investment into $100,207.23 to win the latest Connecticut Stock Market Game that ended on Friday, December 7, 2018.
Ymani is a global media and communication major from Saudi Arabia. She entered the competition as an independent study project and was advised by business communication professor Steven Rashba.
Held in the fall and spring, the biannual Stock Market Game challenges students from Connecticut colleges and universities to invest a hypothetical $100,000 over a 10-week period. Contestants vie to out-perform each other as well as the Standard & Poor’s 500 Index, an overall benchmark of stock market.
The fall 2018 Stock Market Game drew 11 teams and began on October 1, 2018, just ahead of midterm elections and mounting financial turbulence. The S&P 500 stood at 2913.98. When the competition concluded on December 7, the value of the S&P 500 was approximately 2633.08.
“The fact that Wgdan was the only team with a nominal positive return of 0.21 percent on an initial $100,000 investment is even more impressive given that the overall financial market lost over 9.64 percent of its value in that ten-week period,” Rashba said. “I am very proud of Wgdan; she began the semester with very limited knowledge of finance and stock trading, yet took advantage of this competition as a chance to ‘earn while doing.’ [Business School Dean] Elena Cahill and [administrator] Eileen Zoppi were very supportive of Ygdan, and I also want to thank them for their encouragement.”
The Connecticut Stock Market Competition is sponsored by Securities Industry and Financial Markets Association (SIFMA) and the SIFMA Foundation and is an online simulation of the global capital markets. The competition engages students in the world of economics, investing, and personal finance, and prepares them for financially independent futures.
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