Free investment competition for teens
The second edition of the Young Investors Challenge invites teenagers from Canada and the US to take part in its investment competition and a chance to win prizes. Starting February 28, 2022, the free online investment simulation — the largest such program for teens — will have participants competing for thousands of dollars in cash prizes and awards.
A great introduction to stock investment concepts, teens don’t need prior investing knowledge to participate, and the challenge’s simple and innovative platform offers competitors a unique learning experience. Over eight weeks, they’ll have access to a virtual paper portfolio of $100,000 to invest in thousands of stocks and hundreds of cryptocurrencies in real time — without risking any real money.
Choose from Apple (NASD: AAPL), Microsoft (NASD: MSFT), Amazon.com (NASD: AMZN), Tesla (NASD: TSLA), Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and more. The challenge will focus on portfolio performance as well as company stock analysis and be judged by industry professionals from prominent organizations in investment banking, wealth management, and financial services.
Though there’s nothing to study ahead of time, participants should prepare by reading financial articles or watching education videos.
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The competition was successful its inaugural year. “We received feedback after the first edition of the challenge and made some major improvements,” said founders Charles Frédette, Philip Becker, and Ryan Dollinger, students from HEC Montréal, McGill University and Collégial international Sainte-Anne. “Our team placed a strong emphasis on making the platform more intuitive in hopes of increasing accessibility to teenagers of all backgrounds, and we are very excited to advance our mission of promoting financial literacy amongst young people.”
To register or to learn more about the program, visit www.yichallenge.com.