Seevic students beat the odds in investment competition
Wednesday, 11 February 2015
A team of four students from Seevic College in Benfleet has outperformed the FTSE 100 share index to secure their place in the semi-finals of a national investment competition.
The “Farmer’s Boys” managed to beat both the professionals and more than 30,000 other students from across the UK, in the ifs Student Investor Challenge.
Students Daniel Farmer, Daniel Baldock, Jake Smith and Sam Cowan made nearly £30,000 in just three short months of trading dealing in virtual shares. The team will now go on to represent Seevic College in the semi-finals, due to be held in March 2015.
Success at the semi-final stage will give Farmer’s Boys the chance of make the national finals in April, where an all-expenses-paid educational trip to New York and prize money for the winners’ school or college is up for grabs.
The free-to-enter competition, run by ifs University College and supported by Bloomberg, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 companies.
Clive Playford, Business Tutor at Seevic College, was also the top-ranked teacher in the competition – though no prizes are on offer for teachers – with a virtual profit of over £26,000.
Clive said: “We had seventeen teams enter this year. Entry was open to any student, regardless of the courses they are taking; most of Seevic’s entrants are studying for the ifs University College Diploma in Financial Studies, while other teams were made up of Business or Economics students.
“The College would receive £2000 if the team won the whole competition, and get £1500 for second place. We’re not sure how these winnings might be spent, but I’m sure that staff and students would have plenty of ideas if the Boys did win!”
Alison Pask, Vice Principal at ifs University College said: “This competition gives students the opportunity to gain first-hand experience of making investment decisions, which will benefit them throughout their lives when making financial choices.
“It also introduces them to core concepts such as risk, reward and diversification. This is a real achievement and many congratulations go to the team from Seevic College.”
You can find out more about Business and AAT Acounting opportunities at Seevic College by attending our next Open Event.