This article appeared in the December 2013 ASX Investor Update
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From Tony Hunter, ASX
The ASX Sharemarket Game has just finished up for 2014. It may surprise readers to know that, in addition to novices, many experienced investors play the Game. They use it to assess different approaches to investing and to assess their own temperament.
The ASX Sharemarket Game is probably more effective than any other share game in fulfilling this purpose because it is not a simulator - it uses real prices. And it has more of a feel of being the real thing than paper trading via a watch list.
The Schools Sharemarket Game is a remarkably popular resource being used in over half of the secondary schools across Australia. It has been going so long that the first participants are now grown up and with first-hand experience of the market from their school days. Teachers love the Game because it brings home the impact of daily events, encourages students to take note of what is going on outside their own little worlds and importantly gets them to discuss what they are doing with family members. For the students there is the attraction of something that is practical and tangible rather than just theory - and of course there is the prize money.
Winners of the Schools Game are not highly correlated to socio-economic areas or private schools but the winners are most often boys. However, this year was different with girls taking out the national prize as well as top spots in NSW, Victoria, Western Australia and South Australia. National winner Philippa Nolan held a diversified portfolio and was assisted by investing in Bega Cheese which had a great run towards the end of the game. You can read about the strategies of Philippa and runner up Craig Trigwell-Lindley.
If you want to sign up for the first Public Game next year use this link, fill out the details and you will get a reminder email ahead of registration.
The views, opinions or recommendations of the author in this article are solely those of the author and do not in any way reflect the views, opinions, recommendations, of ASX Limited ABN 98 008 624 691 and its related bodies corporate ("ASX"). ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions. To the extent permitted by law, ASX excludes all liability for any loss or damage arising in any way including by way of negligence.