Programme: The CitiGroup Stock Challenge
Dates : Wednesday, June 20 and Thursday, June 21, 2007
Time : 8:00a.m.—-3:30p.m
Venue : University Sains Malaysia (Bilik Kuliah U,V)
Dress Code: School Uniform
The CitiGroup Stock Challenge
Description
The CitiGroup Stock Challenge is an oppurtunity for Form 4 students to engage in an active learning, project-based activity which stimulates a real Stock Market. Through two days of activities, organised and run by professional educational specialists and CitiGroup employees, students are introduced to the working of the Stock Market, the effects of news reports and rumours on the market, risks of investing, the importance of information, and how interpretation and biases can affect the decision-making process.
The Stock Challenge is designed to allow students with little or no knowledge about the functioning of the market to participate fully. Students are guilded through carefully-planned activities that introduce them to financial concepts, biuld critical thinking, reading and interpretation skills, develope their understanding about group dynamics and group decision-making and provide the necessary skills to aid them succeed during the simulation activities.
___________________________________________________________________________________(Purpose of organising such event)
My Involvement
Long time didn’t update my blog. Well, I shall continue again, bringing some fantastic news. I was selected as 10 of the achievers of Young Enterprise to take part in Stock Challenge. Initially, I rejected to go as I don’t know what about STOCK. WHat some more about playing the STOCKs, Gosh! I thought it would be very monotonous. But my assumptions all turn into false. The programme was conducted effectively by 3 Canadians, namely Mr. Klerkte, Mrs Lindsey(roughly like this) and Mr. (I am sorry, forgotten your first alphabet). According to them, they were from Ottawa, Canada. They had travelled to many countries such as HK, MY, SG, etc to implant the knowledge of investment, mostly to secondary students. On the first day, they taught us about the definition of investment, advantages of investing, money cycle, bla bla bla anything relevant to Business and Stock. To make us very clear about what they are talking about, they even applied a very vivid teaching method to teach us. Pupils learnt happily, but they had to sweat more just to keep up with our ENGLISH STANDARD, haha! Perhaps, this is part of Malaysian society, that is reluctant to speak out or propound their stances in the public. Timid genes we have… LOL! Basically, the first day of the lecture is the best lesson I ever received and the knowledge will be very useful in future.
Before students begin the Stock Challenge Simulation Activity, small groups or brokerage houses will be formed. In these small group of three, students will plan their investments, decide and implement plans of action, learn to make decisionss based on their interpretations of these data(we were given few pieces of paper, comprising NEWS concerning each sector.). During the each round of the Simulation Activity, student groups will apply each of these skills and experience the consequences(both of positive and negative) of their decisions.
We were in dilemma situation where we having only 10 persons, which mean 1 person of our school will be carried away from us. Finally, we all agree to split into different group allowing outsiders to join in our comunity. Yong Li agreed to be with me, later our team added a handsome achiever from Sacred Heart High School, Alex. Now what we have to do now is dividing jobs and making preparation for tomorrow competition. Yong Li suggested the name of our Brokerage Firm to us, proudly Ascension. He also created a wonderful slogan "Ascending Profits with Descended Risks". Amazing! He is indeed has a great command of English. Company Name Card and Logo also thought by him. I came out with a very lame designed costume—King Costume–>Crown(made of coloured papers) and XXX(Black Plastic begs). Alex designed name tags for all of us. I also made a simple banner to attract attention. After completing all of the chores, we had officially established our own Brokerage Firm—ASCENSION. Yong Li in-charged-of paper works, I was the travelling broker(runner) which responsible for purchasing shares and Alex served like the assistant of Yong Li. Everyone is working in a fair condition, showing their full commitments and we also often discuss about the problems we faced. Our firm is experiencing leaps and bounds progression. This is the receipt of victory. After attempting for 4 rounds of the competition, we eventually emerged as the Champion of the Boys Category. We leaped with joy!!!!!!!!!!!!!!!!!!! Our revenue is the highest, that is $ 8081.00. Our profit boasted from the seed money $ 1000 to such a high amount. We won!!!!!!!!!!!!!!!!!!!!!!!! We marched up to the honour stage with a triumphant air, and received the valuable certificates from Dato after shaking his warm palm. We were astonished by the result, actually. We won! We have make our school proud of us. Ha! Thank to Yong Li and Alex, wtihout their contributions, we won’t succeed.
Successful entrepreneurs told us of 7 skills:
>Communication
>Community Involvement
>Cooperation
>Consensus
>Collaboration
>Creative Problem Solving Skills
>Consolidation
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