SAC wins 2018-2019 CFAL Junior Investor program
St. Augustine’s College (SAC) continues to be the winningest school in the history of the CFAL Junior Investor program (JIP), having won its third consecutive title for the program which focuses on educating future leaders on the importance of financial literacy and saving. The program also introduces students to the various investments available in the local market. Each school is given a hypothetical $100,000 investment portfolio to manage; they have six months to invest in the market via trading on the exchange. The winner of the program is determined by the school that has the highest return for their portfolio while maintaining a balanced investment strategy.
SAC’s team ended the program with $124,907.89 for the win and a first place $3,000 prize.
The team of Shaneil Fernander, Anouksha Garikaparthi, Jade Myers, Larissa Lundy, Dominique Gibson, Justin Hudson, Nastazya Sweeting, Ralph Smith, Tenelle Adderley, Richaun Moss, D’Asia Bain, Kyundra Meadows, Sh’ton Pickering and Carliya Miller comprised this year’s win by the Big Red Machine team members has been added to wins racked up in 2010 and 2012 as well as 2015 and 2017.
St. Paul’s Methodist College’s team was second; the team took home a $2,000 award.
They are the only other team in the history of the competition to record multiple wins – victorious in 2014 and 2016.
Comprising this year’s St. Paul’s Methodist College squad were Daveigh Turnquest, TeAnna Rolle, Presley Rolle, Ricardo Rolle, Younique Farquharson, Samaina Swann, Aaliyah Butler, Nicholas Burrows, Jermaine Allen, Mekhi Reckley, DeVaughn Woods, D’Majio Hanna, Tenajio Lewis, Damen Farrington and Timario Saunders.
Jordan Prince William High School was third; the team took home $1,000.
Comprising the squad were Justin McPhee, Lanique Rolle, Destiny Silver, Myeisha Louis, O’Shanique Dean, Shametria Munroe, Destiny Evans, Rihanna Ingraham and Ladanian Donald.
CFAL officials said they were proud of the effort and commitment made by the various schools and students in the program during the year. And that CFAL has always been conscious of the fact that high school students need the opportunity to see and understand the financial market and industry in a manner they could apply once they graduate.
CFAL officials said the experience is always an exciting one for students as the hands-on approach allows them to further understand how important financial literacy and money management is to their future as a life skill as well as how the stock market operates.
Topics covered in the program this year included budgeting, savings, investing and the Securities Commission of The Bahamas – topics they said would ensure students have a variety of information and tools they could use to manage money effectively.
Students made decisions as a group and invested in the local market.
As always, the program was very competitive as students seized the chance to research, discuss and invest money in their portfolios and compete against other schools.