CFAL’s Junior Investor trophy goes back to Freeport
St. Paul’s Methodist College took the Junior Investor trophy back home to Grand Bahama on April 26, 2016, marking the second time that the school earned first place in the financial literacy program developed by leading investment and financial analysis firm CFAL. The Junior Investor Programme is designed to provide students with a real-world context in which to manage a virtual $100,000 stock portfolio.
Approximately 160 10th, 11th and 12th grade students from New Providence, Grand Bahama and Andros began the 14th annual cycle in September 2015. St. Paul’s earned the top spot among 16 high schools, which vied for the $2,500 prize and bragging rights as winner of the program.
As founder and sponsor of the Junior Investor Programme, CFAL donates the time of its securities analysts and traders to facilitate trade instructions and coach classes in the finer points of analyzing the Bahamian securities market and the global investment climate. The program is designed to expose students to the various dynamics of the country’s financial industry and help them understand personal finance management and the long term benefits of saving and making wise financial choices.
Richard Pinder, operations manager at CFAL and Junior Investor Programme coordinator, said, “The program has done really well with students over the years and has brought to them an awareness of the investment environment while also opening their eyes to careers in financial services. The excitement of the students and teachers alike continues to indicate the importance and value of a financial literacy program in the school system. We would like to thank the students, teachers, principals and CFAL coaches for their dedication to the program. We would also like to thank the Securities Commission of The Bahamas for their ongoing partnership and cooperation as they continue to invest in the future of our country.”
St. Paul’s won the $2,500 first place prize by maintaining the highest portfolio return with a balanced investment strategy. Second place and $1,500 went to St. Augustine’s College, and third place finisher, R.M. Bailey High School, received $1,000.
Also vying for this year’s top prizes were St. John’s College, Jordan Prince William High School, Doris Johnson High School, St. Andrew’s High School, Kingsway Academy, Temple Christian High School, St. George’s High School, Jack Hayward High School, Central Andros High School, North Andros High School, Government High School, Nassau Christian Academy and Aquinas College.