SAC repeats as CFAL Junior Investor champion
St. Augustine’s College (SAC) has repeated as the CFAL Junior Investor champion as the program wrapped up another round. The win is the sixth total for SAC.
And for the second year, R.M. Bailey High School’s team finished second, with C.V. Bethel High School walking away with a third place finish out of the 16 schools participating from Andros, Grand Bahama and New Providence.
During the year, students had an opportunity to learn about the various aspects of saving and the importance of research when making investment decisions. They also learned about some of the newest trends in the market such as cryptocurrency and blockchain technology.
Working as a group, students managed a portfolio of $100,000 and learned the importance of making the most out of every dollar. The CFAL Junior Investor Program’s (JIP) primary goal is financial literacy and encouraging the students to develop proper saving habits while they are in high school.
“Overall, the program continues to engage students as they see the value of investing wisely and having a diversified portfolio,” said Richard Pinder, chairman of the Junior Investor Program competition. “CFAL is proud to be a part of the future of the country as we seek to inspire the minds of tomorrow. We would like to thank and congratulate all schools, principals, teachers and students that participated this year and we look forward to another exciting year in the CFAL Junior Investor Education Program.”
The Junior Investor Program is designed to expose students to the various dynamics of The Bahamas’
financial industry. CFAL donates the time of its professionals to facilitate coaching in the finer points of analyzing the Bahamian securities market and the global investment climate. The program began in 2002 with four schools, and its expansion 16 years later has provided the students with the tools to not only understand the financial services industry, but to also manage their personal finances in the future.
JIP past winners
2017 — St. Augustine’s College
2016 — St. Paul’s Methodist College
2015 — St. Augustine’s College
2014 — St. Paul’s Methodist College
2013 — St. George’s High School
2012 — St. Augustine’s College
2011 — St. Augustine’s College
2010 — St. Augustine’s College
2009 — Jordan Prince William Baptist School
2008 — C.V. Bethel Senior High School