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By MELISSA DODSON
JUppuhaaMck Newt Contributing Writer v Most students dream of being rich one day of at least of having enough money for gas. * Most RCHS students probably will not become millionaires, but they did have a chance to learn about bdw to make money in the stock market through a project sponsored by RCHS teachers and the 4-H Extension Service.
One RCHS team placed third among high school teams in the state. Team members Mary Beth Williams, Katie Zindel, Sarah Gentry, Michelle Switzer and Rachel Koski invested their hypothetical $100,000 for 10 weeks and ended up with $108,486. On an annualized basis that amounts to a 42 percent return on investment. < They and their advisor, history teacher Roger Flinchum, received fecognition last Thursday at a Winners Reception at James Madison University sponsored by stockbroker firm Wheat First Securities in Harrisonburg. 1 The Extension Service supports the project by paying the $10 entry fee for each team to compete in the stock market game. RCHS had IS teams in the competition, and five of the top ten high-school teams in the state were from RCHS.
All together there were 378 teams in the JMU district in the contest including elementary and middle, schools as well as high schools.
Mr. Flinchum decided to test the theory that playing the market requires no more skill than monkeys throwing darts at newspapers. One team picked its stocks by throwing darts at newspapers taped to a bulletin board. It also made a profit, although not as large a one as RCHS’s winning * team. The darts team ended up with $103,306 putting them in fifth place
Correction
A Letter to the Editor from
Hunt Harris in last week’s
paper contained an error. The
sentence should have read,
“This was a true community
cooperative effort in the finest
sense — Rappahannock spirit
at its best!”
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