May 14, 2005 -- Investors of Tomorrow – Over one thousand students from secondary and post-secondary institutions participated in this school
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year’s InvestYoung Online Stock Market Competition. The second and final session of the school year ran from February 14, 2005 to May 5, 2005. Through the twelve-week session, over 16,000 trades were executed on approximately 2,700 different symbols spanning all major North American stock exchanges. The most actively traded issues encompassed some of the market’s major movers over the period including Google, Research in Motion, and Apple.
“ We believe financial literacy in youth is highly important, yet learning can be made fun. ”
The InvestYoung Online Stock Market Competition lies on the cutting edge of technology and education
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, giving students hands-on experience to acquire financial literacy and investor education. Students are given the opportunity to invest $100,000 Canadian dollars in stocks on major North American exchanges over two sessions that run each school year in order to gain experience and knowledge about the stock market and investing. Through Investors of Tomorrow, students are able to learn
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about money management through hands-on experience managing a stock portfolio.
Robin Speziale, a grade eleven student at Erindale Secondary School in Mississauga, Ontario captured victory with a final portfolio value of $207,977.34, approximately a 108% return on investment. His win was largely attributed to investments in embattled biotech company Elan Corporation PLC (NYSE: ELN). After Elan stock suffered a crushing fall early on in the competition due to regulatory problems, Speziale purchased shares, which fell to as low as $3.00 from over $30.00. Anticipating a rebound, he held his position through to the end of the competition where Elan closed at $6.23 on May 6, 2005. Shares of Elan currently trade near $8.00. Speziale also serves as Branch Manager of Investors of Tomorrow at Erindale Secondary School.
On Monday, May 16, 2004, Patricia Lovett-Reid, Senior Vice President of TD Waterhouse and Gillian Manning, Global Markets Economist of TD Bank Financial Group will be traveling to Gordon Graydon Memorial Secondary School in Mississauga, Ontario to address a group of approximately 200 students from grades 9 to 12 and Investors of Tomorrow members from secondary school branches around the Greater Toronto Area about the outlook on the stock market, careers in the financial sector, and the importance of financial literacy in youth. The keynote will be followed by an awards presentation recognizing the top three ranking Investors of Tomorrow participants with the highest final portfolio values in each competition session in the bi-annual InvestYoung Online Stock Market Competition.
“Investors of Tomorrow strives to bring a level of excitement to the often dry topics of financial literacy and investor education,” says Andrew Tai, chief executive of Investors of Tomorrow. “We believe financial literacy in youth is highly important, yet learning can be made fun. The enthusiasm we see in our participants and the tremendous growth of our program are proof of that.”
The top three participants in Session Two of the 2004-2005 InvestYoung Online Stock Market Competition are as follows:
1. Robin Speziale – $207,977.34 – Erindale Secondary School
2. Kazi Shams – $147,375.44 – Gordon Graydon Memorial Secondary School
3. Aakash Harpalani – $126,624.28 – Gordon Graydon Memorial Secondary School
Members of the Press are cordially invited to attend this event:
Patricia Lovett-Reid, Senior Vice President, TD Waterhouse
Gillian Manning, Global Markets Economist, TD Bank Financial Group
Monday, May 16, 2005
Press & Media: 12:45 p.m. - 1:00 p.m.
Keynote: 1:00 p.m. - 2:00 p.m.
Awards Presentation: 2:00 p.m. - 2:15 p.m.
Gordon Graydon Memorial Secondary School
1490 Ogden Avenue
Mississauga, Ontario, L5E 2H5
Importance of Financial Literacy for Youth, Careers in the Financial Sector, and Market Outlook
Approx. 200 secondary school students (Grades 9 - 12) from Gordon Graydon and various Investors of Tomorrow secondary school branches in the GTA
About Investors of Tomorrow:
Investors of Tomorrow is a unique Canadian Registered Charity that was created with a vision to better inform today's youth about the world of investing and finance. We see financial literacy as a neglected social issue with lifelong implications. We believe acquiring the skills early in life to make informed financial and investment decisions is the corner stone to future financial freedom and success. We educate students through online stock market simulations, seminars by industry professionals, and online and print resources. We provide curriculum enrichment and e-learning programs on financial literacy and the capital markets to secondary and post-secondary educational institutions. We are on the leading edge of innovation in educating today's youth about financial literacy with the continued success of our uniquely developed InvestYoung Online Stock Market Competition and Forum. For more information, visit www.InvestYoung.org.
For Media Inquiries:
Andrew Tai, Chairman & CEO
Phone: (416) 889-8282
Email: e-mail protected from spam bots
Web Site: http://www.InvestYoung.org