Red Bank Charter School students and Capitol Hill Challenge Riley Regina, Sofia Morales-Santamaria, David Tiro, and Jack Young.
Need some help managing your investment portfolio?
There are four Red Bank Charter School students who may be worth asking for help.
The team, comprising Riley Regina, Sofia Morales-Santamaria, David Tiro, and Jack Young, recently placed second in a national financial education competition among 7,300 students representing every US Congressional District. They finished just behind a team from Omaha, Nebraska.
The annual Capitol Hill Challenge is a national financial education program underwritten by Charles Schwab Foundation and the SIFMA Foundation, whose stated mission is “closing the opportunity gap by fostering greater knowledge of the financial markets for young people of all backgrounds.”
Over a period of 14-weeks, teams in the competition manage a hypothetical $100,000 online portfolio of stocks, bonds, mutual funds, and cash.
Teams apply classroom learning to real-world market scenarios, gaining firsthand exposure to market dynamics while building skills in economics, math and personal finance, according to a press release from the SIFMA Foundation.
As market conditions shifted throughout the competition, teams adapted their strategies to achieve the strongest portfolio performance.
The 10 highest-performing teams will be honored at a June 10 reception at the U.S. Capitol, where students and teachers will meet with Members of Congress and be recognized for their performance according to the press release.
“We are incredibly proud of our students for earning national recognition in the Capitol Hill Challenge and placing second in the country,” Red Bank Charter School Head of School Krisen Martello said in an email to redbankgreen. “This accomplishment reflects not only their academic abilities, but also their critical thinking, teamwork, perseverance, and understanding of real-world financial decision-making.
“At Red Bank Charter School, we believe in providing students with authentic learning experiences that prepare them for success beyond the classroom,” Martello added. “Opportunities like the Capitol Hill Challenge allow students to apply mathematics, economics, collaboration, and problem-solving skills in meaningful ways.”
