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Aug 11, 2020

ASX Share Market Game

Turning theory into practical application is the objective behind the ASX Share Market Game that allows students to invest a virtual $50,000 over a 10 week period, in 220 companies listed on the Australian Stock Exchange. The ASX have been running the game each year for over 40 years, originally being paper based, then moving online in 1998. 

The first round of the online ASX Sharemarket Game for 2020 was completed in May and the winners have now been decided. 

Congratulations to the following students:

A special mention goes to Sam Cadwallader, who was able to turn his initial capital of $50,000 into $87,624.24. This equated to an impressive profit of over $37,000 in only 10 weeks.

Approximately 180 students and teachers from Rivermount College participated in round one of the online game since it started in March. During this time, the economic conditions within the timeframe were quite unpredictable due to the Covid-19 pandemic, with most of the game being conducted during our recently adapted online learning protocols. Fortunately, round two will commence at the end of August, hopefully under more conducive, investor-friendly conditions.

The students who participated in the ASX Share Market game are to be congratulated on their efforts during this turbulent investment period. Registrations for round two will be announced shortly.