For Matthew it?s bourses for courses
IT can be a risky game playing on the stockmarket. But not for 12-year-old Matthew Bulmer..
The Milman State School student has been placed fourth in the State in the Australian Stock Market Game out of 2488 students.
"It feels pretty good to come fourth in the State,'' he said. "I have learnt a lot about the stockmarket in the time of the competition.''
Matthew was among 14,721 students across Australia to contest the competition, placing 36th.
He said the competition was aimed at seeing how much money you could make in a matter of weeks.
The competition was held from August 17 to October 26. "Each student was given $50,000 (hypothetically) and they could choose what shares to buy out of 100 shares available,'' he said.
"I chose ABC Learning, Zinifex and Sonic Health just to name a few,'' he said.
Matthew said one lesson he did learn about the stock market was to put a stop loss on his shares.
He said he did a little research before choosing his shares and how much money he would put on them.
"I made $4866, which is nearly 10% of my original amount of money,'' he said.