JA Take Stock in Your Future Spring Break Camp presented by Delta Air Lines was an opportunity for high school students to learn about the stock market and trading from finance industry professionals from Bank of America. They also gained access to a multi-week app simulation in which they applied their knowledge to the actual stock market with simulated money! In this post, we speak to 2nd place winner Stuart Loverro, a 12th grade student in Ellensburg High School. Congratulations, Stuart!
JA of Washington: What drew you to participate in JA Take Stock in Your Future Spring Break Camp? What kind of knowledge did you have about the stock market before this program?
Stuart Loverro: I first learned of the JA Take Stock in Your Future program through my high school’s FBLA (Future Business Leaders of America) Chapter Advisor. I was competing in the “Securities and Investments” FBLA event and she thought this JA course would be a perfect fit. I have been investing in the stock market for over six years, and recently started to follow the market more closely.
JAWA: What are the top 3 most interesting aspects of the stock market that you learned about?
SL: The most interesting things I learned about the stock market was: the difference between an ETF and a mutual fund; the process of going public with an “IPO”; and that companies can buy stock back.
JAWA: What was your experience like working with the Bank of America mentors?
SL: I really enjoyed working with my Bank of America mentor Steve Gray. He provided a very good explanation of stock market basics, and was willing to answer any questions I had!
JAWA: What was your strategy during the simulation?
SL: My strategy in the Stock Market Challenge was to always have my money in the market. If I was going to class or busy at a tennis match, I always made sure to have all my money in safe Index funds like VTI and VOO. This allowed me to not worry about large changes to my account, but still allowed for some growth. I also took some risky moves with online gambling stock like DKNG and PENN during the prime of hockey season. This combination of strategies allowed my account to recover from some bad trades and overall end up profitable.
JAWA: How has this experience affected your future education and/or career plans?
SL: Talking to the Bank of America mentors made me interested in a career in Wealth Management, and provided me with a network to set up a possible internship.