Tom Tyree ’16 managed to make a 13.59% return on $100,000 in just six weeks. It’s too bad in a way that he was dabbling in virtual money. But no matter, Tyree won this semester’s campus trading contest and was awarded a cash prize of $100 for his accomplishment.
Twice a year, once in the fall and spring, the student-run Bowdoin College Finance Society organizes a stock market contest, open to all students, to allow players to invest fake cash in real bonds, stocks, mutual funds, etc. The point is to help familiarize students with the stock market without risking losing real money, the club’s website promises. “Having a basic understanding of investment and risk management strategies will be helpful [after leaving Bowdoin.] We’ll need to manage our own savings at some point.” Read the full story.