SCC Students --- Up for The Challenge
Courtesy of Southeastern Community College
WHITEVILLE -- What would you do with $500,000? That was the question. Business students at Southeastern Community College had the answer when they competed in the recent Investment Challenge. The goal of the challenge is for the participants to invest their money by buying and selling stocks with the ultimate goal being to earn as much money as possible. The SCC team finished a close second and was the only community college to finish in the top ten.
The challenge, which is held twice a year, usually receives participation from an average of 300-400 two- and four-year colleges during each challenge, according to Jeff Libis, assistant sales and marketing manager for the program. During the last four challenges, there were between 26 and 31 community colleges participating in each challenge.
The fall challenge ran from October to December of 1997. Southeastern's team lead in earnings for most of the competition. In the final analysis, approximately $431 separated Southeastern Community College from the winner, a West Virginia university. "The students were given only the minimal assistance to compete in the Investment Challenge," said business instructor Bill Braman. "They were brought to the library and shown how to access investment information from the Internet, and they were shown where such reference materials as Moody's and Standard & Poor's were. Then they were set loose on their own to buy and sell as they saw fit. Any success that they may have had is strictly through their own initiative and due in no part to my assistance. They really got caught up in the game."
The students learned how to research companies to see which would be sound investments and how to buy and trade stocks on the Internet.
In the individual competition, SCC student Robin Long finished 16th. Out of the top fifty players, Long was one of only five community college participants. Of such a showing, Libis said, "She (Robin) was very successful."
When it comes to competing, the students at Southeastern Community College proved
they could compete with the best colleges in the nation.
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